Filing Flows › Sandisk (SNDK) › Q3 FY25
Sandisk (SNDK) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 12, 2025
Sandisk (SNDK) reported revenue of $1.7B for the third quarter fiscal 2025 (Q3 FY25), -0.6% from a year earlier and -10% from the quarter before. Operating margin was -111.0%, net loss $1.9B (114.0% of revenue).
Sandisk, Q3 FY25: revenue $1.7B (-0.6% year over year), operating margin -111.0%, net loss $1.9B, operating cash flow $26.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | -10% | -0.6% |
| Operating profit | −$1.9B | -1065% | — |
| Net earnings | −$1.9B | -1959% | — |
| Operating cash flow | $26.0M | -73% | — |
What changed
Revenue was $1.7B in Q3 FY25, down 1% year over year and down 10% from the previous quarter. Client was the largest line at 55% of revenue. Client lost $0.11B year over year (down 10%), 1080% of the total change.
Gross margin was 22.5%, down 4.6 points from a year earlier. Operating costs exceeded revenue by $1.9B, an operating margin of -111.0%. Operating expenses grew 469% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+13036%). The quarter ended with a net loss of $1.9B, after a profit of $0.10B the previous quarter.
Operating cash flow was $0.03B. Non-cash charges added back $0.04B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $1.9B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.02B.
Questions
What was Sandisk's revenue in the third quarter fiscal 2025?
Sandisk (SNDK) reported revenue of $1.7B for the third quarter fiscal 2025 (Q3 FY25), -0.6% from a year earlier and -10% from the quarter before.
Was Sandisk profitable in the third quarter fiscal 2025?
Operating loss was $1.9B (-111.0% of revenue) and net loss $1.9B.
Source: Sandisk 10-Q on SEC EDGAR.