Sandisk Corp

Listed Company

SNDKCIK 0002023554NasdaqNon-AcceleratedComputer Storage DevicesDelawareFY ends Jun 28

Period

FY 2025

Revenue

$7.36B

Net Income

$-1.64B

Total Assets

$12.98B

Equity

$9.22B

Shares Out

148.09M

Op. Cash Flow

$84.00M

SNDK$1,348.73+3149.95% · past yearDBEQ Basic

Daily closing prices

Business

SanDisk is a developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology. The company offers solid-state drives, embedded products, removable cards, USB drives and wafers across Cloud, Client and Consumer end markets serving datacenters, OEM customers and retail consumers globally. SanDisk separated from Western Digital and became an independent publicly traded company on February 21, 2025.

Summary from 10-K filed 2025-08-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30
Revenue, net	7,355	6,663	6,086
Cost of revenue	5,143	5,591	5,656
Gross profit	2,212	1,072	430
Research and development	1,132	1,061	1,167
Selling, general and administrative	573	455	558
Goodwill impairment	1,800	0	671
Business separation costs	67	64	0
Employee termination and other	21	−40	69
Gain on business divestiture	−34	0	0
Total operating expenses	3,589	1,540	2,465
Operating income (loss)	−1,377	−468	−2,035
Interest income	22	12	21
Interest expense	−63	−40	−31
Other income (expense), net	−61	−7	43
Total interest and other income (expense), net	−102	−35	33
Income (loss) before taxes	−1,479	−503	−2,002
Income tax expense	162	169	141
Net income (loss)	−1,641	−672	−2,143
Basic (in dollars per share)	−11.32	−4.63	−14.78
Diluted (in dollars per share)	−11.32	−4.63	−14.78
Basic (in shares)	145	145	145
Diluted (in shares)	145	145	145

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30
Cash and cash equivalents	1,481	328	—	—
Accounts receivable, net	1,100	935	—	—
Inventories	2,079	1,955	—	—
Income tax receivable	66	7	—	—
Other current assets	392	221	—	—
Total current assets	5,086	3,548	—	—
Property, plant and equipment, net	619	791	—	—
Notes receivable and investments in Flash Ventures	654	1,001	—	—
Goodwill	4,999	7,207	—	—
Deferred tax assets	58	96	—	—
Income tax receivable, non-current	80	11	—	—
Other non-current assets	1,489	852	—	—
Total assets	12,985	13,506	—	—
Accrued expenses	425	424	—	—
Accrued compensation	173	195	—	—
Income tax payables	43	20	—	—
Current portion of long-term debt	20	0	—	—
Total current liabilities	1,427	2,123	—	—
Deferred tax liabilities	17	15	—	—
Long-term debt	1,829	0	—	—
Other liabilities	496	286	—	—
Total liabilities	3,769	2,424	—	—
Commitments and contingencies (Notes 10, 11, 14 and 16)	—	—	—	—
Common stock, $0.01 par value; authorized 450 shares; issued and outstanding 146 shares	1	0	—	—
Additional paid-in capital	11,248	0	—	—
Accumulated deficit	−1,784	0	—	—
Accumulated other comprehensive loss	−249	−452	—	—
Net investment from Western Digital Corporation	0	11,534	—	—
Total shareholders equity	9,216	11,082	11,439	12,977
Total liabilities and shareholders equity	12,985	13,506	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30
Depreciation and amortization	163	224	448
Stock-based compensation	182	149	165
Deferred income taxes	−12	−16	−81
Asset Impairment	0	4	1
Gain on disposal of assets	−1	−60	0
Non-cash portion of impairment of cost method investments	1	0	0
Unrealized foreign exchange (gain) loss	−25	13	−37
Amortization of debt issuance costs and discounts	3	0	0
Equity loss in investees, net of dividends received	74	49	−45
Gain on sale of investments	0	−1	−3
Other non-cash operating activities, net	23	87	114
Settlement of accrued interest on Notes due to Western Digital Corporation	−99	0	0
Accounts receivable, net	−100	−395	750
Inventories	−160	314	−277
Accounts payable	93	32	−124
Accounts payable to related parties	−23	21	−23
Accrued expenses	13	−51	−104
Accrued compensation	21	99	−56
Other assets and liabilities, net	−224	−106	31
Net cash provided by (used in) operating activities	84	−309	−713
Purchases of property, plant and equipment	−204	−166	−219
Proceeds from the sale of property, plant and equipment	0	137	0
Proceeds from dispositions of business	401	0	0
Notes receivable issuances to Flash Ventures	−333	−243	−627
Notes receivable proceeds from Flash Ventures	515	482	641
Distributions from Flash Ventures	176	0	0
Strategic investments and other, net	1	0	16
Net cash provided by (used in) investing activities	556	210	−189
Issuance of stock under employee stock plans	5	0	0
Taxes paid on vested stock awards under employee stock plans	−13	0	0
Proceeds from debt	1,970	0	0
Repayments of debt	−100	0	0
Debt issuance costs	−32	0	0
Proceeds from borrowings on Notes due to Western Digital Corporation	550	0	54
Proceeds from principal repayments on Notes due from Western Digital Corporation	101	14	216
Repayments of principal on Notes due to Western Digital Corporation	−76	−102	−86
Transfers from (to) Western Digital Corporation	−1,887	394	676
Origination of Notes due from Western Digital Corporation	0	−170	0
Net cash provided by financing activities	518	136	860
Effect of exchange rate changes on cash	−5	−1	−1
Net increase (decrease) in cash and cash equivalents	1,153	36	−43
Cash paid for interest	139	12	7
Cash received for interest	2	10	12
Cash paid for income taxes	50	0	0
Notes due to (from) Western Digital Corporation	1,223	—	—
Notes due to (from) Western Digital Corporation	—	−113	−316
Other assets and liabilities, net, from Western Digital Corporation	105	0	0
Contribution of equity interest in Unis Venture from Western Digital Corporation	61	0	0
Property, plant and equipment from Western Digital Corporation	27	11	18
Tax balances from (to) Western Digital Corporation	8	−17	−2
Tax indemnification liability transferred to Western Digital Corporation	−112	0	0

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro

Frequently asked questions

What is Sandisk Corp's CIK number?

Sandisk Corp's SEC CIK number is 0002023554 (2023554). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Sandisk Corp's SEC filings?

All of Sandisk Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Sandisk Corp last report earnings?

Sandisk Corp (SNDK) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-028879). This is Sandisk Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is Sandisk Corp's most recent earnings 8-K?

Sandisk Corp's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001628280-26-028879. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Sandisk Corp's latest earnings 8-K →
Look up any company's CIK number →