secwatch.observer — SEC 8-K summary
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Issuer:     Sandisk Corp (SNDK)
CIK:        0002023554
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0002023554-25-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sandisk Q3 GAAP loss $1.93B on $1.83B goodwill impairment; revenue down 10% Q/Q
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2023554/000202355425000021/0002023554-25-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2023554/000202355425000021/sndk-20250507.htm
  HTML page:      https://secwatch.observer/filing/0002023554-25-000021

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