earnings
confidence high
sentiment negative
materiality 0.80
Sandisk Q3 GAAP loss $1.93B on $1.83B goodwill impairment; revenue down 10% Q/Q
Sandisk Corp
2025-Q3 EPS
reported -$11.16
vs consensus $0.95
▼ miss
(-1269.4%)
- Revenue of $1.695B, down 10% sequentially and above guidance; GAAP net loss $1.933B ($13.33 loss per share) including $1.83B goodwill impairment.
- Non-GAAP loss per share $0.30 vs prior quarter non-GAAP EPS $1.23, down 124% YoY.
- Cloud revenue $197M (-21% Q/Q, +103% YoY); Client $927M (-10%); Consumer $571M (-5%).
- Q4 guidance: revenue $1.75B-$1.85B, Non-GAAP EPS ($0.10)-$0.15; gross margin guided 25.5%-27.0% Non-GAAP.