SanDisk Corp ( (SNDK) ) has released its Q3 earnings. Here is a breakdown of the information SanDisk Corp presented to its investors.
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SanDisk Corporation is a leading developer and provider of data storage devices and solutions based on NAND flash technology, offering a wide range of products from solid-state drives to removable cards, serving diverse markets from individual consumers to large enterprises.
In its fiscal third quarter of 2025, SanDisk reported a revenue of $1.70 billion, which, despite being a 10% sequential decline, surpassed the company’s guidance range. The company faced a significant GAAP loss of $1.93 billion, largely due to a $1.83 billion goodwill impairment charge, while the non-GAAP loss per share was reported at $0.30.
Key financial highlights include a decrease in gross margin to 22.5% from 32.3% in the previous quarter, and a substantial increase in operating expenses to $2.26 billion, driven by the goodwill impairment. The company also noted a decline in revenue across its cloud, client, and consumer segments, with cloud revenue experiencing a notable 21% sequential drop.
Looking ahead, SanDisk expects its fiscal fourth quarter revenue to range between $1.75 billion and $1.85 billion, with non-GAAP earnings per share projected between a loss of $0.10 and a gain of $0.15. The company remains focused on maximizing returns through strategic investments, supply management, and pricing strategies.
SanDisk’s management is optimistic about the future, emphasizing the company’s commitment to innovation and strategic adjustments to align supply with demand, aiming to enhance performance and efficiency in upcoming quarters.