NASDAQ$SNDK

Sandisk Corp/DE · Q3 2025 earnings

Q3 2025 earnings · · Investor relations

Briefing

SanDisk reported Q1 fiscal 2026 revenue of $1.70B with a net loss of $1.93B and diluted EPS of $(13.33).

Revenue was $1.70 billion in the first quarter as a standalone public company following the Western Digital spin. Net loss was $1.93 billion, or $13.33 per diluted share, reflecting spin-related charges and memory cycle dynamics.

  • Q1 revenue $1.70B.
  • Net loss $1.93B; diluted EPS $(13.33).
  • Flash memory demand and pricing influence results.
  • Balance sheet and Flash Ventures funding remain key.

Headline financials

Total Revenue

$1.7B

No prior period
EPS (adj)

-$13.33

No prior period
Capital Expenditures

-$159M

No prior period
Free Cash Flow

-$2.09B

No prior period
Net Income

-$1.93B

No prior period
Operating Income

-$1.88B

No prior period
Gross Profit

$382M

No prior period
Cash & Equivalents

$1.51B

No prior period
Total Assets

$13B

No prior period

Revenue & EPS history

Sandisk Corp/DE · Revenue · Quarterly

$1.7B

Q3 2025
Beat estimate in 3 of 3 quarters(100%)
ActualEstimate

Forward guidance

Outlook tied to commercialization milestones, funding, and path to profitability.

Tailwinds

  • Design wins or partnership pipeline.
  • Balance-sheet actions extend runway.

Headwinds

  • Operating losses and dilution risk.
  • Technology and certification timelines.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 5 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+7.4%

Avg return

Earnings day

+14.0%

Avg return

5 days after

+23.1%

Avg return

30 days after

83%

5 / 6 earnings

Positive

+15.3%

Q1 2026

Best reaction

-4.5%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+8.3%+28.6%+54.8%
Q2 2026+6.1%+8.4%+17.8%
Q1 2026+15.3%+36.3%+10.0%
Q4 2025-4.5%-4.9%+84.5%
Q3 2025+9.4%+7.2%+6.6%
Q2 2025+9.7%+8.5%-35.2%

Discussion

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