Sandisk: Fiscal 4Q25 and FY25 Financial Results

News Summary

• Fiscal fourth quarter revenue was $1.90 billion, up 12% sequentially and above the guidance range.
• Fiscal fourth quarter GAAP loss was $23 million ($0.16 diluted loss per share), and fourth quarter Non-GAAP diluted earnings per share (EPS) was $0.29.
• Fiscal first quarter 2026 revenue expected to be in the range of $2.10 billion to $2.20 billion.
• Fiscal first quarter 2026 Non-GAAP diluted earnings per share expected to be in the range of $0.70 to $0.90.

Sandisk Corporation reported fiscal fourth quarter financial results.

“Sandisk delivered strong results this quarter, with revenue and non-GAAP EPS exceeding our guidance. We continue to execute with discipline, balancing innovation and operational focus,” said David Goeckeler, CEO, Sandisk. “The ramp of BiCS8 brings new levels of performance, density and energy efficiency to our customers. With High Bandwidth Flash (HBF), we are creating a new paradigm for AI inference solutions. With demand improving and industry fundamentals strengthening, we are well-positioned to drive sustainable growth, expand margins, and generate strong cash flow.”

Q4 2025 Financial Highlights

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Fiscal Year 2025 Financial Highlights

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End Market Summary

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Basis of Presentation
On February 21, 2025, Sandisk Corporation (the “Company”) completed its separation from Western Digital Corporation (“WDC”) and became a standalone publicly traded company.

The Company’s financial and operating results after the separation are presented on a consolidated basis. For periods prior to the separation, the Company’s historical combined financial statements were prepared on a carve-out basis and were derived from WDC’s consolidated financial statements and accounting records and prepared as if the Company existed on a standalone basis. The financial statements for all periods presented, including the historical results of the Company prior to February 21, 2025, are now referred to as “Condensed Consolidated Financial Statements” and have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).