Sandisk SNDK
Sandisk fiscal 2025 annual report
Fiscal 2025 (ended Jun 27, 2025) · Filed Aug 21, 2025Original
An annual report (10-K, or 20-F for a foreign company) is the business report a US-listed company files with the SEC every year.
How much did Sandisk sell in fiscal 2025?
As stated in annual reports · fiscal 2023–2025
Fiscal 2025 revenue
$7.4B+10.4% vs prior year
Net loss $1.6B
| Fiscal year | Revenue | Net income |
|---|---|---|
| 2023 | $6.1B | −$2.1B |
| 2024 | $6.7B | −$672M |
| 2025 | $7.4B | −$1.6B |
Fiscal 2025 (ended Jun 27, 2025) · Filed Aug 21, 2025Whalegun
- Revenue
- $7.4B
- +10.4% vs prior year
- Operating income
- −$1.4B
- 18.7% of revenue
- Net income
- −$1.6B
- 22.3% of revenue
- Diluted EPS
- −$11.32
- Operating cash flow
- $84M
- Free cash flow
- −$120M
Key points the company states
Sandisk makes NAND flash storage and separated from Western Digital
- Sandisk separated from Western Digital on February 21, 2025 and became a standalone public company.
- It sells NAND flash-based storage in three end markets: Cloud, Client and Consumer.
- Substantially all of its flash memory comes from its Flash Ventures joint ventures with Kioxia.
Sandisk fiscal 2025 revenue rose 10% to $7,355 million; net loss $1,641 million
- Revenue rose 10% to $7,355 million.
- Cloud revenue rose 195%, which the company attributes to more enterprise SSD shipments to data center customers.
- Gross margin was 30.1%, up from 16.1% in fiscal 2024.