Q3 25 EPS
$-0.30
BEAT +23.72%
Est. $-0.39
Q3 25 Revenue
$1.70B
BEAT +3.99%
Est. $1.63B
vs S&P Since Q3 25
+3,206.7%
BEATING MARKET
SNDK +3,234.3% vs S&P +27.5%
Market Reaction
Did SNDK Beat Earnings? Q3 2025 Results
SanDisk delivered a better-than-expected first quarter as a standalone public company, posting non-GAAP EPS of -$0.30 against a consensus estimate of -$0.39, a 23.72% beat, while revenue of $1.70 billion topped estimates by 3.99% despite slipping 0.6… Read more SanDisk delivered a better-than-expected first quarter as a standalone public company, posting non-GAAP EPS of -$0.30 against a consensus estimate of -$0.39, a 23.72% beat, while revenue of $1.70 billion topped estimates by 3.99% despite slipping 0.6% year-over-year. The headline numbers, however, were overshadowed by a $1.83 billion goodwill impairment charge, triggered when the company's post-separation market capitalization fell below the carrying value of its reporting unit, which drove a GAAP net loss of $13.33 per share. GAAP gross margin compressed sharply to 22.5% from 32.3% in the prior quarter, reflecting persistent pricing pressure across a NAND flash market that remains oversupplied. CEO David Goeckeler pointed to the early ramp of BiCS 8 technology and active supply reduction measures as key levers in the company's recovery strategy. Looking ahead, SanDisk guided Q4 revenue of $1.75 billion to $1.85 billion with non-GAAP EPS of -$0.10 to $0.15, signaling sequential improvement as pricing actions and supply discipline begin to take hold for the newly independent company.
Key Takeaways
- • Cloud revenue up 103% year-over-year driven by data center demand
- • Client revenue down 10% YoY reflecting weaker PC and computing demand
- • Consumer revenue flat year-over-year
- • GAAP gross margin compressed to 22.5% from 27.2% year-over-year
- • $1.83 billion goodwill impairment charge due to post-separation market capitalization decline
SNDK YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
SNDK Revenue by Segment
With YoY comparisons, source: SEC Filings
“I'm pleased with our team's execution in the first quarter as a standalone company. Sandisk's innovation was reinforced, with a strong early ramp of BiCS 8, our latest technology engineered to deliver industry-leading performance, power efficiency, and density.”
— David Goeckeler, Q3 2025 Earnings Press Release
SNDK Earnings Trends
SNDK vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SNDK EPS Trend
Earnings per share: estimate vs actual
SNDK Revenue Trend
Quarterly revenue: estimate vs actual
SNDK Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 | — | $23.41 | — | $5.95B | +25.68% |
| Q2 26 BEAT | $3.54 | $6.20 | +74.97% | $3.03B | +12.54% |
| Q1 26 BEAT | $0.89 | $1.22 | +37.08% | $2.31B | — |
| Q4 25 BEAT FY | $0.03 | $0.29 | +866.67% | $1.90B | — |
| FY Full Year | $2.19 | $2.99 | +36.37% | $7.36B | +4.05% |
| Q3 25 BEAT | $-0.39 | $-0.30 | +23.72% | $1.70B | +3.99% |