Sandisk (SNDK) Financials

$1,407.61 +24.89 (+1.80%)

Closing price 04:00 PM Eastern

Extended Trading

$1,393.25 -14.36 (-1.02%)

As of 06:12 PM Eastern

Annual Income Statements for Sandisk

This table shows Sandisk's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2023	2024	2025
Period end date	6/30/2023	6/28/2024	6/27/2025
Net Income / (Loss) Attributable to Common Shareholders	-2,143	-672	-1,641
Consolidated Net Income / (Loss)	-2,143	-672	-1,641
Net Income / (Loss) Continuing Operations	-2,143	-672	-1,641
Total Pre-Tax Income	-2,002	-503	-1,479
Total Operating Income	-2,035	-468	-1,377
Total Gross Profit	430	1,072	2,212
Total Revenue	6,086	6,663	7,355
Operating Revenue	6,086	6,663	7,355
Total Cost of Revenue	5,656	5,591	5,143
Operating Cost of Revenue	5,656	5,591	5,143
Total Operating Expenses	2,465	1,540	3,589
Selling, General & Admin Expense	558	455	573
Research & Development Expense	1,167	1,061	1,132
Other Operating Expenses / (Income)	0.00	64	33
Impairment Charge	671	0.00	1,830
Restructuring Charge	69	-40	21
Total Other Income / (Expense), net	33	-35	-102
Interest Expense	31	40	63
Interest & Investment Income	21	12	22
Other Income / (Expense), net	43	-7.00	-61
Income Tax Expense	141	169	162
Basic Earnings per Share	($14.78)	($4.63)	($11.32)
Weighted Average Basic Shares Outstanding	145M	145M	145M
Diluted Earnings per Share	($14.78)	($4.63)	($11.32)
Weighted Average Diluted Shares Outstanding	145M	145M	145M
Weighted Average Basic & Diluted Shares Outstanding	-	-	145.81M

This table shows Sandisk's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	12/29/2023	3/29/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	10/3/2025	1/2/2026	4/3/2026
Net Income / (Loss) Attributable to Common Shareholders	-301	27	211	104	-1,933	-23	112	803	3,615
Consolidated Net Income / (Loss)	-301	27	211	104	-1,933	-23	112	803	3,615
Net Income / (Loss) Continuing Operations	-301	27	211	104	-1,933	-23	112	803	3,615
Total Pre-Tax Income	-260	54	267	173	-1,901	-18	124	937	4,107
Total Operating Income	-245	65	291	195	-1,881	18	176	1,065	4,111
Total Gross Profit	161	463	726	606	382	498	687	1,541	4,662
Total Revenue	1,665	1,705	1,883	1,876	1,695	1,901	2,308	3,025	5,950
Operating Revenue	1,665	1,705	1,883	1,876	1,695	1,901	2,308	3,025	5,950
Total Cost of Revenue	1,504	1,242	1,157	1,270	1,313	1,403	1,621	1,484	1,288
Operating Cost of Revenue	1,504	1,242	1,157	1,270	1,313	1,403	1,621	1,484	1,288
Total Operating Expenses	406	398	435	411	2,263	480	511	476	551
Selling, General & Admin Expense	113	107	130	142	139	162	179	139	161
Research & Development Expense	246	277	283	279	285	285	316	327	337
Other Operating Expenses / (Income)	34	12	20	-13	9.00	17	19	9.00	53
Impairment Charge	-	0.00	-	-	1,830	-	-	-	0.00
Restructuring Charge	13	2.00	2.00	3.00	0.00	16	-3.00	1.00	0.00
Total Other Income / (Expense), net	-15	-11	-24	-22	-20	-36	-52	-128	-4.00
Interest Expense	11	9.00	2.00	4.00	16	41	40	25	6.00
Interest & Investment Income	3.00	3.00	3.00	2.00	6.00	11	16	12	12
Other Income / (Expense), net	-7.00	-5.00	-25	-20	-10	-6.00	-28	-115	-10
Income Tax Expense	41	27	56	69	32	5.00	12	134	492
Basic Earnings per Share	-	$0.19	$1.46	$0.72	($13.33)	($0.17)	$0.77	$5.46	$24.43
Weighted Average Basic Shares Outstanding	-	145M	145M	145M	145M	145M	146M	147M	148M
Diluted Earnings per Share	-	$0.19	$1.46	$0.72	($13.33)	($0.17)	$0.75	$5.15	$23.03
Weighted Average Diluted Shares Outstanding	-	145M	145M	145M	145M	145M	149M	156M	157M
Weighted Average Basic & Diluted Shares Outstanding	-	-	-	144.86M	145.30M	145.81M	146.55M	147.57M	148.09M

This table details how cash moves in and out of Sandisk's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2023	2024	2025
Period end date	6/30/2023	6/28/2024	6/27/2025
Net Change in Cash & Equivalents	-43	36	1,153
Net Cash From Operating Activities	-713	-309	84
Net Cash From Continuing Operating Activities	-713	-309	84
Net Income / (Loss) Continuing Operations	-2,143	-672	-1,641
Consolidated Net Income / (Loss)	-2,143	-672	-1,641
Depreciation Expense	448	224	163
Amortization Expense	0.00	0.00	3.00
Non-Cash Adjustments To Reconcile Net Income	752	154	1,928
Changes in Operating Assets and Liabilities, net	230	-15	-369
Net Cash From Investing Activities	-189	210	556
Net Cash From Continuing Investing Activities	-189	210	556
Purchase of Property, Plant & Equipment	-219	-166	-204
Sale of Property, Plant & Equipment	0.00	137	0.00
Divestitures	0.00	0.00	401
Sale and/or Maturity of Investments	657	482	516
Other Investing Activities, net	-627	-243	-157
Net Cash From Financing Activities	860	136	518
Net Cash From Continuing Financing Activities	860	136	518
Repayment of Debt	130	-88	-107
Issuance of Debt	54	0.00	2,520
Issuance of Common Equity	0.00	0.00	5.00
Other Financing Activities, net	676	224	-1,900
Effect of Exchange Rate Changes	-1.00	-1.00	-5.00
Cash Interest Paid	7.00	12	139
Cash Interest Received	12	10	2.00
Cash Income Taxes Paid	0.00	0.00	50

This table details how cash moves in and out of Sandisk's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	10/3/2025	1/2/2026	4/3/2026
Net Change in Cash & Equivalents	-48	-49	64	412	703	-26	-39	97	2,196
Net Cash From Operating Activities	-12	-130	-131	95	26	94	488	1,019	3,038
Net Cash From Continuing Operating Activities	-12	-130	-131	95	26	94	488	1,019	3,038
Net Income / (Loss) Continuing Operations	27	120	211	104	-1,933	-23	112	803	3,615
Consolidated Net Income / (Loss)	27	120	211	104	-1,933	-23	112	803	3,615
Depreciation Expense	56	54	54	36	37	36	36	38	38
Amortization Expense	-	-	0.00	-	-	2.00	2.00	3.00	1.00
Non-Cash Adjustments To Reconcile Net Income	30	77	-53	66	1,879	36	94	89	132
Changes in Operating Assets and Liabilities, net	-125	-381	-343	-111	42	43	244	86	-748
Net Cash From Investing Activities	100	-3.00	-19	188	404	-17	-15	-165	-83
Net Cash From Continuing Investing Activities	100	-3.00	-19	188	404	-17	-15	-165	-83
Purchase of Property, Plant & Equipment	-29	-38	-67	-48	-44	-45	-50	-39	-45
Sale and/or Maturity of Investments	128	91	62	121	246	87	97	43	45
Other Investing Activities, net	-	-59	-14	-76	-8.00	-59	-87	-169	-83
Net Cash From Financing Activities	-135	85	214	130	276	-102	-515	-758	-752
Net Cash From Continuing Financing Activities	-135	85	214	130	276	-102	-515	-758	-752
Repayment of Debt	-88	14	25	-	-32	-100	-500	-750	-650
Other Financing Activities, net	-47	71	189	-420	-1,662	-7.00	-15	-32	-102
Effect of Exchange Rate Changes	-1.00	-1.00	-	-	-3.00	-1.00	3.00	1.00	-7.00
Cash Interest Paid	4.00	2.00	98	1.00	3.00	37	48	14	49
Cash Interest Received	1.00	2.00	1.00	1.00	-	-	16	12	12
Cash Income Taxes Paid	-	-	0.00	-	-	40	39	53	25

This table presents Sandisk's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2025
Period end date	6/28/2024	6/27/2025
Total Assets	13,506	12,985
Total Current Assets	3,548	5,086
Cash & Equivalents	328	1,481
Accounts Receivable	935	1,068
Inventories, net	1,955	2,079
Current Deferred & Refundable Income Taxes	7.00	66
Other Current Assets	221	392
Plant, Property, & Equipment, net	791	619
Total Noncurrent Assets	9,167	7,280
Long-Term Investments	1,001	654
Goodwill	7,207	4,999
Noncurrent Deferred & Refundable Income Taxes	107	138
Other Noncurrent Operating Assets	852	1,489
Total Liabilities & Shareholders' Equity	13,506	12,985
Total Liabilities	2,424	3,769
Total Current Liabilities	2,123	1,427
Short-Term Debt	814	20
Accounts Payable	670	766
Accrued Expenses	424	400
Current Deferred & Payable Income Tax Liabilities	20	43
Current Employee Benefit Liabilities	195	173
Other Current Liabilities	-	25
Total Noncurrent Liabilities	301	2,342
Long-Term Debt	0.00	1,829
Noncurrent Deferred Revenue	-	131
Noncurrent Deferred & Payable Income Tax Liabilities	15	17
Other Noncurrent Operating Liabilities	286	365
Commitments & Contingencies	0.00	0.00
Total Equity & Noncontrolling Interests	11,082	9,216
Total Preferred & Common Equity	11,082	9,216
Total Common Equity	11,082	9,216
Common Stock	0.00	11,249
Retained Earnings	0.00	-1,784
Accumulated Other Comprehensive Income / (Loss)	-452	-249

This table presents Sandisk's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	12/27/2024	3/28/2025	10/3/2025	1/2/2026	4/3/2026
Total Assets	14,234	12,960	12,749	12,998	17,075
Total Current Assets	4,456	5,090	4,984	5,150	9,168
Cash & Equivalents	804	1,507	1,442	1,539	3,735
Accounts Receivable	904	979	1,193	1,239	2,726
Inventories, net	2,172	2,160	1,907	1,970	2,238
Current Deferred & Refundable Income Taxes	8.00	53	72	45	81
Other Current Assets	568	391	370	357	388
Plant, Property, & Equipment, net	579	603	630	631	649
Total Noncurrent Assets	9,199	7,267	7,135	7,217	7,258
Long-Term Investments	871	662	602	677	684
Goodwill	6,825	4,997	4,998	4,995	4,994
Noncurrent Deferred & Refundable Income Taxes	109	130	118	160	221
Other Noncurrent Operating Assets	1,394	1,478	1,417	1,385	1,359
Total Liabilities & Shareholders' Equity	14,234	12,960	12,749	12,998	17,075
Total Liabilities	2,233	3,799	3,368	2,785	3,298
Total Current Liabilities	1,873	1,375	1,516	1,654	1,917
Short-Term Debt	553	20	20	20	0.00
Accounts Payable	689	758	884	869	851
Accrued Expenses	438	446	382	393	383
Current Deferred & Payable Income Tax Liabilities	5.00	37	22	99	31
Current Employee Benefit Liabilities	188	114	208	273	329
Other Current Liabilities	-	-	-	-	323
Total Noncurrent Liabilities	360	2,424	1,852	1,131	1,381
Long-Term Debt	-	1,927	1,331	583	0.00
Noncurrent Deferred Revenue	-	-	-	-	783
Noncurrent Deferred & Payable Income Tax Liabilities	53	17	28	22	17
Other Noncurrent Operating Liabilities	307	480	493	526	581
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	12,001	9,161	9,381	10,213	13,777
Total Preferred & Common Equity	12,001	9,161	9,381	10,213	13,777
Total Common Equity	12,001	9,161	9,381	10,213	13,777
Common Stock	-	11,228	11,287	11,337	11,290
Retained Earnings	-	-1,761	-1,672	-869	2,746
Accumulated Other Comprehensive Income / (Loss)	-434	-306	-234	-255	-259

This table displays calculated financial ratios and metrics derived from Sandisk's official financial filings.

Metric	2023	2024	2025
Period end date	6/30/2023	6/28/2024	6/27/2025
Growth Metrics	-	-	-
Revenue Growth	0.00%	9.48%	10.39%
EBITDA Growth	0.00%	83.74%	-406.77%
EBIT Growth	0.00%	76.15%	-202.74%
NOPAT Growth	0.00%	77.00%	-194.23%
Net Income Growth	0.00%	68.64%	-144.20%
EPS Growth	0.00%	68.67%	-144.49%
Operating Cash Flow Growth	0.00%	56.66%	127.18%
Free Cash Flow Firm Growth	0.00%	0.00%	106.18%
Invested Capital Growth	0.00%	0.00%	-15.49%
Revenue Q/Q Growth	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-
Gross Margin	7.07%	16.09%	30.07%
EBITDA Margin	-25.37%	-3.77%	-17.29%
Operating Margin	-33.44%	-7.02%	-18.72%
EBIT Margin	-32.73%	-7.13%	-19.55%
Profit (Net Income) Margin	-35.21%	-10.09%	-22.31%
Tax Burden Percent	107.04%	133.60%	110.95%
Interest Burden Percent	100.50%	105.89%	102.85%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-6.20%	-9.89%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	127.55%	159.18%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-5.93%	-6.28%
Return on Equity (ROE)	0.00%	-12.13%	-16.17%
Cash Return on Invested Capital (CROIC)	0.00%	-206.20%	6.90%
Operating Return on Assets (OROA)	0.00%	-3.52%	-10.86%
Return on Assets (ROA)	0.00%	-4.98%	-12.39%
Return on Common Equity (ROCE)	0.00%	-12.13%	-16.17%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-1,425	-328	-964
NOPAT Margin	-23.41%	-4.92%	-13.11%
Net Nonoperating Expense Percent (NNEP)	0.00%	-133.75%	-169.06%
Return On Investment Capital (ROIC_SIMPLE)	-	-2.75%	-8.71%
Cost of Revenue to Revenue	92.93%	83.91%	69.93%
SG&A Expenses to Revenue	9.17%	6.83%	7.79%
R&D to Revenue	19.18%	15.92%	15.39%
Operating Expenses to Revenue	40.50%	23.11%	48.80%
Earnings before Interest and Taxes (EBIT)	-1,992	-475	-1,438
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1,544	-251	-1,272
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.74
Price to Tangible Book Value (P/TBV)	0.00	0.00	1.62
Price to Revenue (P/Rev)	0.00	0.00	0.93
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.73
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.89
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	77.99
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	9.73
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.07	0.20
Long-Term Debt to Equity	0.00	0.00	0.20
Financial Leverage	0.00	-0.05	-0.04
Leverage Ratio	0.00	1.22	1.31
Compound Leverage Factor	0.00	1.29	1.34
Debt to Total Capital	0.00%	6.84%	16.71%
Short-Term Debt to Total Capital	0.00%	6.84%	0.18%
Long-Term Debt to Total Capital	0.00%	0.00%	16.53%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	93.16%	83.29%
Debt to EBITDA	0.00	-3.24	-1.45
Net Debt to EBITDA	0.00	2.05	0.22
Long-Term Debt to EBITDA	0.00	0.00	-1.44
Debt to NOPAT	0.00	-2.48	-1.92
Net Debt to NOPAT	0.00	1.57	0.30
Long-Term Debt to NOPAT	0.00	0.00	-1.90
Altman Z-Score	0.00	0.00	1.44
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.00	1.67	3.56
Quick Ratio	0.00	0.64	1.79
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-10,895	673
Operating Cash Flow to CapEx	-325.57%	-1,065.52%	41.18%
Free Cash Flow to Firm to Interest Expense	0.00	-272.37	10.68
Operating Cash Flow to Interest Expense	-23.00	-7.73	1.33
Operating Cash Flow Less CapEx to Interest Expense	-30.06	-8.45	-1.90
Efficiency Ratios	-	-	-
Asset Turnover	0.00	0.49	0.56
Accounts Receivable Turnover	0.00	7.13	7.34
Inventory Turnover	0.00	2.86	2.55
Fixed Asset Turnover	0.00	8.42	10.43
Accounts Payable Turnover	0.00	8.34	7.16
Days Sales Outstanding (DSO)	0.00	51.22	49.70
Days Inventory Outstanding (DIO)	0.00	127.63	143.15
Days Payable Outstanding (DPO)	0.00	43.74	50.96
Cash Conversion Cycle (CCC)	0.00	135.11	141.89
Capital & Investment Metrics	-	-	-
Invested Capital	0.00	10,567	8,930
Invested Capital Turnover	0.00	1.26	0.75
Increase / (Decrease) in Invested Capital	0.00	10,567	-1,637
Enterprise Value (EV)	0.00	0.00	6,551
Market Capitalization	0.00	0.00	6,837
Book Value per Share	$0.00	$76.43	$63.43
Tangible Book Value per Share	$0.00	$26.72	$29.02
Total Capital	0.00	11,896	11,065
Total Debt	0.00	814	1,849
Total Long-Term Debt	0.00	0.00	1,829
Net Debt	0.00	-515	-286
Capital Expenditures (CapEx)	219	29	204
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	1,911	2,198
Debt-free Net Working Capital (DFNWC)	0.00	2,239	3,679
Net Working Capital (NWC)	0.00	1,425	3,659
Net Nonoperating Expense (NNE)	719	344	677
Net Nonoperating Obligations (NNO)	0.00	-515	-286
Total Depreciation and Amortization (D&A)	448	224	166
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	28.68%	29.88%
Debt-free Net Working Capital to Revenue	0.00%	33.60%	50.02%
Net Working Capital to Revenue	0.00%	21.39%	49.75%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($11.32)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	145M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($11.32)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	145M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	145.81M
Normalized Net Operating Profit after Tax (NOPAT)	-907	-356	332
Normalized NOPAT Margin	-14.89%	-5.34%	4.51%
Pre Tax Income Margin	-32.90%	-7.55%	-20.11%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-64.26	-11.88	-22.83
NOPAT to Interest Expense	-45.95	-8.19	-15.30
EBIT Less CapEx to Interest Expense	-71.32	-12.60	-26.06
NOPAT Less CapEx to Interest Expense	-53.02	-8.92	-18.54
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Sandisk's official financial filings.

Metric	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	12/29/2023	3/29/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	10/3/2025	1/2/2026	4/3/2026
DEI Shares Outstanding	-	-	-	-	-	145,299,218.00	-	-	147,567,249.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	145,299,218.00	-	-	147,567,249.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-0.16	-	-	24.50
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	12.67%	-0.59%	0.00%	22.57%	61.25%	251.03%
EBITDA Growth	0.00%	0.00%	0.00%	169.44%	-1,698.28%	0.00%	-41.88%	369.67%	323.42%
EBIT Growth	0.00%	0.00%	0.00%	169.44%	-3,251.67%	0.00%	-44.36%	442.86%	316.87%
NOPAT Growth	0.00%	0.00%	0.00%	168.35%	-4,151.38%	0.00%	-30.87%	678.58%	374.82%
Net Income Growth	0.00%	0.00%	0.00%	134.55%	-7,259.26%	0.00%	-46.92%	672.12%	287.02%
EPS Growth	0.00%	0.00%	0.00%	0.00%	-7,115.79%	0.00%	-48.63%	615.28%	272.77%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	316.67%	172.31%	472.52%	972.63%	11,584.62%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	129.66%	131.20%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-20.95%	4.69%
Revenue Q/Q Growth	0.00%	2.40%	0.00%	0.00%	-9.65%	12.15%	0.00%	31.07%	96.69%
EBITDA Q/Q Growth	0.00%	146.03%	0.00%	0.00%	-1,159.43%	102.70%	0.00%	432.80%	317.76%
EBIT Q/Q Growth	0.00%	123.81%	0.00%	0.00%	-1,180.57%	100.63%	0.00%	541.89%	331.68%
NOPAT Q/Q Growth	0.00%	118.95%	0.00%	0.00%	-1,223.22%	100.96%	0.00%	474.14%	296.47%
Net Income Q/Q Growth	0.00%	108.97%	0.00%	0.00%	-1,958.65%	98.81%	0.00%	616.96%	350.19%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	98.72%	0.00%	586.67%	347.18%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-0.77%	0.00%	0.00%	261.54%	419.15%	108.81%	198.14%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	4.70%	100.00%	0.00%	137.42%	0.25%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-17.83%	-0.10%	0.00%	-1.01%	8.81%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	9.67%	27.16%	38.56%	32.30%	22.54%	26.20%	29.77%	50.94%	78.35%
EBITDA Margin	-15.14%	6.80%	16.99%	9.33%	-109.38%	2.63%	8.06%	32.76%	69.58%
Operating Margin	-14.71%	3.81%	15.45%	10.39%	-110.97%	0.95%	7.63%	35.21%	69.09%
EBIT Margin	-15.14%	3.52%	14.13%	9.33%	-111.56%	0.63%	6.41%	31.41%	68.92%
Profit (Net Income) Margin	-18.08%	1.58%	11.21%	5.54%	-114.04%	-1.21%	4.85%	26.55%	60.76%
Tax Burden Percent	115.77%	50.00%	79.03%	60.12%	101.68%	127.78%	90.32%	85.70%	88.02%
Interest Burden Percent	103.17%	90.00%	100.38%	98.86%	100.53%	-150.00%	83.78%	98.63%	100.15%
Effective Tax Rate	0.00%	50.00%	20.97%	39.88%	0.00%	0.00%	9.68%	14.30%	11.98%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.55%	12.34%	27.66%	87.64%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	12.99%	25.89%	35.68%	87.79%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	-0.40%	-1.91%	-4.39%	-17.76%
Return on Equity (ROE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	10.42%	23.27%	69.88%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	7.54%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.35%	3.91%	20.59%	60.51%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	0.00%	-0.67%	2.96%	17.41%	53.34%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	10.42%	23.27%	69.88%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-172	33	230	117	-1,317	13	159	913	3,619
NOPAT Margin	-10.30%	1.91%	12.21%	6.25%	-77.68%	0.66%	6.89%	30.17%	60.82%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	-2.36%	-555.23%	-12.45%	-13.55%	-8.02%	-0.15%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	0.93%	-11.85%	0.11%	1.48%	8.44%	26.26%
Cost of Revenue to Revenue	90.33%	72.84%	61.44%	67.70%	77.46%	73.80%	70.23%	49.06%	21.65%
SG&A Expenses to Revenue	6.79%	6.28%	6.90%	7.57%	8.20%	8.52%	7.76%	4.60%	2.71%
R&D to Revenue	14.77%	16.25%	15.03%	14.87%	16.81%	14.99%	13.69%	10.81%	5.66%
Operating Expenses to Revenue	24.38%	23.34%	23.10%	21.91%	133.51%	25.25%	22.14%	15.74%	9.26%
Earnings before Interest and Taxes (EBIT)	-252	60	266	175	-1,891	12	148	950	4,101
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-252	116	320	175	-1,854	50	186	991	4,140
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.78	0.74	2.04	4.20	8.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	1.71	1.62	4.37	8.23	12.54
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	0.93	2.46	4.81	8.35
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	24.44
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.09%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.77	0.73	2.12	4.81	11.30
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.89	2.37	4.63	8.02
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.70
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	20.29
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	22.50
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	77.99	26.23	25.40	22.79
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.05	0.21	0.20	0.14	0.06	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.21	0.20	0.14	0.06	0.00
Financial Leverage	0.00	0.00	0.00	-0.09	-0.02	-0.03	-0.07	-0.12	-0.20
Leverage Ratio	0.00	0.00	0.00	1.19	1.41	1.31	1.36	1.23	1.31
Compound Leverage Factor	0.00	0.00	0.00	1.17	1.42	-1.96	1.14	1.21	1.31
Debt to Total Capital	0.00%	0.00%	0.00%	4.41%	17.53%	16.71%	12.59%	5.58%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	4.41%	0.18%	0.18%	0.19%	0.18%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	17.35%	16.53%	12.40%	5.39%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	0.00%	0.00%	95.60%	82.47%	83.29%	87.41%	94.42%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	-1.45	-0.96	-0.96	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.22	0.49	2.58	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	-1.44	-0.95	-0.93	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	-1.92	-1.29	-1.38	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.30	0.66	3.70	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	-1.90	-1.27	-1.34	0.00
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	1.80	4.20	10.41	22.34
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	2.38	3.70	3.56	3.29	3.11	4.78
Quick Ratio	0.00	0.00	0.00	0.91	1.81	1.79	1.74	1.68	3.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	0.00	-10,762	-10,256	0.00	-8,529	3,192	3,200
Operating Cash Flow to CapEx	0.00%	-41.38%	-195.52%	0.00%	59.09%	208.89%	976.00%	2,612.82%	6,751.11%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-2,690.44	-640.98	0.00	-213.23	127.67	533.25
Operating Cash Flow to Interest Expense	0.00	-1.33	-65.50	0.00	1.63	2.29	12.20	40.76	506.33
Operating Cash Flow Less CapEx to Interest Expense	0.00	-4.56	-99.00	0.00	-1.13	1.20	10.95	39.20	498.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.56	0.61	0.66	0.88
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	7.34	6.52	8.33	7.12
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	2.55	2.94	2.81	2.64
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	10.43	12.35	14.76	21.06
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	7.16	6.34	7.47	7.20
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	49.70	55.97	43.80	51.29
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	143.15	124.14	129.86	138.48
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	50.96	57.55	48.85	50.66
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	141.89	122.56	124.81	139.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.00	10,879	8,939	8,930	8,688	8,600	9,358
Invested Capital Turnover	0.00	0.00	0.00	0.00	0.00	0.82	1.79	0.92	1.44
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	10,879	8,939	0.00	8,688	-2,279	419
Enterprise Value (EV)	0.00	0.00	0.00	0.00	6,879	6,551	18,440	41,324	105,731
Market Capitalization	0.00	0.00	0.00	0.00	7,101	6,837	19,133	42,937	110,150
Book Value per Share	$0.00	$0.00	$0.00	$82.84	$63.24	$63.43	$64.34	$69.69	$93.36
Tangible Book Value per Share	$0.00	$0.00	$0.00	$35.73	$28.74	$29.02	$30.06	$35.60	$59.52
Total Capital	0.00	0.00	0.00	12,554	11,108	11,065	10,732	10,816	13,777
Total Debt	0.00	0.00	0.00	553	1,947	1,849	1,351	603	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	1,927	1,829	1,331	583	0.00
Net Debt	0.00	0.00	0.00	-1,122	-222	-286	-693	-1,613	-4,419
Capital Expenditures (CapEx)	0.00	29	67	0.00	44	45	50	39	45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	2,332	2,228	2,198	2,046	1,977	3,516
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	3,136	3,735	3,679	3,488	3,516	7,251
Net Working Capital (NWC)	0.00	0.00	0.00	2,583	3,715	3,659	3,468	3,496	7,251
Net Nonoperating Expense (NNE)	130	5.50	19	13	616	36	47	110	3.52
Net Nonoperating Obligations (NNO)	0.00	0.00	0.00	-1,122	-222	-286	-693	-1,613	-4,419
Total Depreciation and Amortization (D&A)	0.00	56	54	0.00	37	38	38	41	39
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	29.88%	26.30%	22.14%	26.67%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	50.02%	44.83%	39.38%	55.00%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	49.75%	44.58%	39.15%	55.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	($13.33)	($0.17)	$0.77	$5.46	$24.43
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	144.86M	145M	145M	146M	147M	148M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($13.33)	($0.17)	$0.75	$5.15	$23.03
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	144.86M	145M	145M	149M	156M	157M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	144.86M	145.30M	145.81M	146.55M	147.57M	148.09M
Normalized Net Operating Profit after Tax (NOPAT)	-162	34	232	99	-36	24	156	914	3,619
Normalized NOPAT Margin	-9.75%	1.96%	12.30%	5.26%	-2.11%	1.25%	6.77%	30.20%	60.82%
Pre Tax Income Margin	-15.62%	3.17%	14.18%	9.22%	-112.15%	-0.95%	5.37%	30.98%	69.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-22.91	6.67	133.00	43.75	-118.19	0.29	3.70	38.00	683.50
NOPAT to Interest Expense	-15.59	3.61	114.98	29.31	-82.29	0.31	3.97	36.51	603.09
EBIT Less CapEx to Interest Expense	0.00	3.44	99.50	0.00	-120.94	-0.80	2.45	36.44	676.00
NOPAT Less CapEx to Interest Expense	0.00	0.39	81.48	0.00	-85.04	-0.79	2.72	34.95	595.59
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Sandisk Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Sandisk's fiscal year ends in June. Their fiscal year 2025 ended on June 27, 2025.

Sandisk's net income appears to be on a downward trend, with a most recent value of -$1.64 billion in 2025, falling from -$2.14 billion in 2023. The previous period was -$672 million in 2024. View Sandisk's forecast to see where analysts expect Sandisk to go next.

Sandisk's total operating income in 2025 was -$1.38 billion, based on the following breakdown:

Total Gross Profit: $2.21 billion
Total Operating Expenses: $3.59 billion

Over the last 2 years, Sandisk's total revenue changed from $6.09 billion in 2023 to $7.36 billion in 2025, a change of 20.9%.

Sandisk's total liabilities were at $3.77 billion at the end of 2025, a 55.5% increase from 2024, and a 55.5% increase since 2024.

In the past 1 years, Sandisk's cash and equivalents has ranged from $328 million in 2024 to $1.48 billion in 2025, and is currently $1.48 billion as of their latest financial filing in 2025.

Over the last 2 years, Sandisk's book value per share changed from 0.00 in 2023 to 63.43 in 2025, a change of 6,342.8%.

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Financial statements for NASDAQ:SNDK last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Sandisk (SNDK) Financials

Financials Breakdown Chart

Sandisk Financials - Frequently Asked Questions

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Sandisk (SNDK) Financials

Annual Income Statements for Sandisk

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Quarterly Cash Flow Statements for Sandisk

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Financials Breakdown Chart

Sandisk Financials - Frequently Asked Questions

When does Sandisk's financial year end?

How has Sandisk's net income changed over the last 2 years?

What is Sandisk's operating income?

How has Sandisk's revenue changed over the last 2 years?

How much debt does Sandisk have?

How much cash does Sandisk have?

How has Sandisk's book value per share changed over the last 2 years?

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