SanDisk Corporation, a leading provider of NAND flash data storage solutions, reported a net revenue of $7.36 billion for the fiscal year ending June 27, 2025, marking a 10% increase from $6.66 billion in the previous year. The company's gross profit also saw significant improvement, rising to $2.21 billion, compared to $1.07 billion in 2024. This growth was primarily driven by a 6% increase in exabytes sold and a 4% rise in average selling prices, attributed to stronger demand in the Cloud segment, which experienced a remarkable 195% revenue increase year-over-year.
Despite the positive revenue growth, SanDisk reported a net loss of $1.64 billion for 2025, a decline from a loss of $672 million in 2024. This substantial loss was largely due to a goodwill impairment charge of $1.83 billion, reflecting the company's reassessment of its asset values following its recent separation from Western Digital Corporation (WDC). The company also incurred $670 million in business separation costs, further impacting its financial performance.
Operationally, SanDisk has made strategic moves to enhance its market position. The company completed its spin-off from WDC on February 21, 2025, becoming an independent publicly traded entity under the ticker symbol "SNDK." This separation has allowed SanDisk to focus on its core business and pursue growth opportunities in the data storage market. The company has also entered into a five-year supply agreement with its newly formed joint venture, SanDisk Semiconductor (Shanghai) Co. Ltd., to ensure a steady supply of flash-based products.
In terms of operational metrics, SanDisk's workforce comprised approximately 11,000 employees across 33 countries as of June 2025. The company reported that 80% of its net revenue came from international sales, highlighting its global reach. The Cloud segment, which includes products for data centers and cloud service providers, is expected to continue driving growth, supported by the increasing demand for AI-related workloads and data storage solutions.
Looking ahead, SanDisk anticipates improved market conditions driven by digital transformation and the growing need for advanced data storage solutions. The company plans to increase capital investments in fiscal 2026 to meet the evolving demands of its product portfolio. However, it remains cautious about potential challenges, including fluctuating market conditions and the impact of trade policies on its operations and profitability.
About Sandisk Corp
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