Filing Flows › Sandisk (SNDK) › Q2 FY25
Sandisk (SNDK) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Mar 7, 2025
Sandisk (SNDK) reported revenue of $1.9B for the second quarter fiscal 2025 (Q2 FY25), +13% from a year earlier and -0.4% from the quarter before. Operating margin was 10.4%, net earnings $104M (5.5% of revenue).
Sandisk, Q2 FY25: revenue $1.9B (+13% year over year), operating margin 10.4%, net earnings $104M, operating cash flow $95.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | -0.4% | +13% |
| Gross profit | $606M | -17% | +276% |
| Operating profit | $195M | -33% | — |
| Net earnings | $104M | -51% | — |
| Operating cash flow | $95.0M | — | — |
| Free cash flow | $47.0M | — | — |
What changed
Revenue was $1.9B in Q2 FY25, up 13% year over year and roughly flat from the previous quarter. Client was the largest line at 55% of revenue. Cloud added $0.21B year over year (up 525%), 100% of the total change. Consumer declined 9%.
Gross margin was 32.3%, up 22.6 points from a year earlier. Operating profit was $0.20B, a 10.4% margin (up 25.1 points year over year). Operating expenses grew 1% against revenue growth of 13%. Net earnings were $0.10B. The effective tax rate was 39.9%.
Operating cash flow was $0.10B, 91% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.05B left free cash flow of $0.05B.
Questions
What was Sandisk's revenue in the second quarter fiscal 2025?
Sandisk (SNDK) reported revenue of $1.9B for the second quarter fiscal 2025 (Q2 FY25), +13% from a year earlier and -0.4% from the quarter before.
Was Sandisk profitable in the second quarter fiscal 2025?
Operating profit was $195M (10.4% of revenue) and net earnings $104M.
Source: Sandisk 10-Q on SEC EDGAR.