NASDAQ$SNDK

Sandisk Corp/DE · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Sandisk reported fiscal Q4 2025 revenue of $1.90B with a GAAP net loss of $23M and non-GAAP diluted EPS of $0.29.

Fiscal fourth quarter revenue was $1.90 billion, up 12% sequentially and above guidance. GAAP net loss was $23 million; non-GAAP diluted EPS was $0.29 as NAND demand and BiCS8 ramp supported results ahead of the spin-off from Western Digital.

  • Fiscal Q4 revenue $1.90B (+12% QoQ).
  • GAAP net loss $23M; non-GAAP EPS $0.29.
  • BiCS8 NAND ramp and data-center demand.
  • Q1 FY26 revenue guide $2.10B–$2.20B.
  • Memory pricing and mix drive margin outlook.

Headline financials

Total Revenue

$1.9B

No prior period
EPS (adj)

$0.29

No prior period
Gross Margin

23.5%

No prior period
Non-GAAP Gross Margin

27.8%

No prior period
Non-GAAP Operating Income

$100M

No prior period
Non-GAAP Net Income

$42M

No prior period
Net Income

-$23M

No prior period
Operating Income

$18M

No prior period

Revenue & EPS history

Sandisk Corp/DE · Revenue · Quarterly

$1.9B

Q4 2025
Beat estimate in 3 of 3 quarters(100%)
ActualEstimate

Forward guidance

Memory outlook tied to NAND pricing, mix, and data-center demand.

Tailwinds

  • BiCS8 ramp and product mix.
  • Q1 FY26 revenue guide $2.10B–$2.20B.
  • Data-center SSD demand.

Headwinds

  • Memory price cycles.
  • Competitive supply additions.
  • GAAP charges vs non-GAAP profitability.

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 Q4 2025

Historical avgQ4 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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