Summary
Western Digital Corporation (WDC) has filed a Current Report on Form 8-K on April 7, 2025, to provide preliminary unaudited financial information following the previously completed separation of its Flash business into an independent company, Sandisk Corporation (SNDK). This filing is primarily for informational purposes, presenting reclassified financial data for all periods as if the Flash business had been treated as discontinued operations. Investors should note that this information does not revise or restate previously filed financial statements. The company is providing detailed preliminary unaudited condensed consolidated balance sheets, statements of operations, GAAP to Non-GAAP reconciliations, and supplemental financial information for fiscal years 2022, 2023, 2024, and fiscal quarters in 2024 and 2025 to date.
Key Highlights
- 1Western Digital (WDC) has completed the separation of its Flash business into Sandisk Corporation (SNDK), which is now an independent public company.
- 2The company is providing preliminary unaudited financial information to reflect the reclassification of the Flash business as discontinued operations for all historical periods presented.
- 3This filing includes preliminary unaudited condensed consolidated balance sheets and statements of operations for fiscal years 2022-2024 and relevant 2024-2025 fiscal quarters.
- 4Preliminary GAAP to Non-GAAP reconciliations and supplemental financial information are also provided for the specified periods.
- 5This information is for informational purposes only and does not revise previously filed financial statements.
- 6The reclassification of Sandisk's historical results and allocated assets/liabilities as discontinued operations will begin in WDC's third quarter of fiscal year 2025.
- 7The information furnished is not considered 'filed' for purposes of Section 18 of the Exchange Act.