Sandisk Reports Q3 2025 Financial Results with $1.93B GAAP Loss

Summary

Sandisk Corporation reported a GAAP loss of $1.93 billion for the fiscal third quarter of 2025, driven by a $1.83 billion goodwill impairment charge, leading to a loss per share of $13.33. Non-GAAP results showed a narrower loss of $0.30 per share. Revenue was $1.695 billion, a 10% sequential decrease, but above guidance. The company expects fourth quarter revenue between $1.75 billion and $1.85 billion, with Non-GAAP EPS between $(0.10) and $0.15. Management highlighted actions to reduce supply and commence price increases, emphasizing investment, supply management, and pricing strategies for maximizing returns.