Sandisk Corporation (SNDK) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to Sandisk's Fourth Quarter Fiscal Year twenty twenty five Earnings Conference Call. All participants are in listen only mode. Please Please note this event is being recorded. I would now like to turn the conference over to Ivan Donaldson, Vice President of Investor Relations. Please go ahead. Before we begin, please note that today's discussion will contain forward looking statements based on management's current assumptions and expectations, which are subject to various risks and uncertainties. These forward looking statements include expectations for our technology and product portfolio, our business plans and performance, market trends and opportunities and our future financial results. We assume no obligation to update these statements. Please refer to the registration statement on S1A and other filings with the SEC for more information on the risks and uncertainties that could cause actual results to differ materially from expectations. We will also make reference to non GAAP financial measures today. Reconciliations between the non GAAP and comparable GAAP financial measures are included in written materials posted in the Investor Relations section of our website. I'll now turn the call over to David. Thanks, Ivan. Good afternoon, and thank you for joining Sandisk's fourth quarter fiscal year twenty twenty five earnings call. Sandisk delivered another strong quarter with revenue and non GAAP earnings per share exceeding guidance. Revenue for the fourth quarter was $1,900,000,000 up 12% over the prior quarter, with both bit shipments and ASPs up mid single digits. Non GAAP earnings for the quarter were $0.29 per share. During the quarter, we reduced our inventory from one hundred and fifty to one hundred and thirty five days and redu...