EX-99.1 2 sndkq3fy25ex991-pressrelea.htm EX-99.1 Document Exhibit 99.1 Sandisk Reports Fiscal Third Quarter 2025 Financial Results News Summary • Third quarter revenue was $1.70 billion, down 10% sequentially and above the guidance range. • Third quarter GAAP loss was $1.93 billion ($13.33 loss per share), including a $1.83 billion goodwill impairment charge. Third quarter Non-GAAP loss per share was $0.30. • Expect fiscal fourth quarter 2025 revenue to be in the range of $1.75 billion to $1.85 billion. • Expect Non-GAAP earnings (loss) per share to be in the range of ($0.10) to $0.15. MILPITAS, Calif. - May 7, 2025 - Sandisk Corporation (Nasdaq: SNDK) today reported fiscal third quarter financial results. “I’m pleased with our team’s execution in the first quarter as a standalone company. Sandisk’s innovation was reinforced, with a strong early ramp of BiCS 8, our latest technology engineered to deliver industry-leading performance, power efficiency, and density,” said David Goeckeler, Sandisk CEO. “We have taken actions to reduce supply to match demand and commenced price increases this quarter. Our investment, supply management, and pricing strategies will remain fo…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Sandisk Corporation
SNDKNASDAQEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On May 7, 2025, Sandisk Corporation (the “Company”) announced financial results for the fiscal third quarter ended March 28, 2025. A copy of the press release making this announcement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.…
Company context
Sandisk is a leading developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology and has significant consumer brands and franchises globally, with market leading name brand recognition. With a differentiated innovation engine driving advancements in storage and semiconductor technologies, we deliver a broad and ever-expanding portfolio of powerful flash storage solutions for everyone from students, gamers and home offices, to the largest enterprises and public clouds to capture, preserve, access and transform an ever-increasing diversity of data. Our solutions include a broad range of solid state drives (or SSDs) embedded products, removable cards, universal serial bus (or USB) drives, and wafers and components. Our broad portfolio of technology and products addresses multiple end markets of “Cloud,” “Client” and “Consumer.”