Sandisk Corporation (Nasdaq: SNDK) today reported fiscal third quarter 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.

“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 focused on maximizing returns.”