Summary
Sandisk Corporation has successfully completed its separation from Western Digital Corporation (WDC) and is now operating as a standalone, publicly traded entity (SNDK). The company is a leader in developing, manufacturing, and providing data storage solutions based on NAND flash technology, serving the Cloud, Client, and Consumer end markets. For the fiscal year ended June 27, 2025, Sandisk reported a significant increase in net revenue, up 10% year-over-year, driven by strong performance in the Cloud segment due to increased enterprise SSD shipments and improved pricing. However, the company also recorded a substantial goodwill impairment charge of $1.8 billion, impacting its net income, which resulted in a net loss of $1.64 billion. Despite the net loss, the company has secured significant financing with a $2.0 billion Term Loan Facility and a $1.5 billion revolving credit facility to support its operations. The company's strategic focus remains on innovation and cost leadership to capitalize on the growing demand for data storage solutions.
Financial Highlights
50 data points| Revenue | $7.36B |
| Cost of Revenue | $5.14B |
| Gross Profit | $2.21B |
| R&D Expenses | $1.13B |
| SG&A Expenses | $573.00M |
| Operating Expenses | $3.59B |
| Operating Income | -$1.38B |
| Net Income | -$1.64B |
| EPS (Basic) | $-11.32 |
| EPS (Diluted) | $-11.32 |
| Shares Outstanding (Basic) | 145.00M |
| Shares Outstanding (Diluted) | 145.00M |
Key Highlights
- 1Sandisk completed its separation from Western Digital Corporation on February 21, 2025, and now trades independently as SNDK.
- 2Net revenue increased by 10% to $7.355 billion for the fiscal year ended June 27, 2025, primarily driven by a 195% surge in Cloud revenue.
- 3The company recorded a significant goodwill impairment charge of $1.8 billion, contributing to a net loss of $1.64 billion for the fiscal year.
- 4Sandisk secured new financing, including a $2.0 billion Term Loan Facility and a $1.5 billion revolving credit facility.
- 5The company is heavily reliant on its joint ventures with Kioxia for flash-based memory wafers, highlighting a significant supplier concentration risk.
- 6International sales represented a substantial 80% of net revenue in fiscal year 2025.