Sandisk (SNDK) FY2025 10-K Annual Report
Sandisk (SNDK) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Aug 21, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Sandisk FY2025 10-K Analysis
Business Overview
- • Core business in flash memory and data storage solutions
- • Separation from Western Digital effective February 21, 2025, establishing standalone public company SNDK
- • New independent operation post-separation, no longer a WDC subsidiary
- • Market listing on Nasdaq Global Select Market under symbol “SNDK”
- • Fiscal year 2025 uniquely marked by corporate independence event
Management Discussion & Analysis
- • Revenue and profit performance data not disclosed in provided MD&A text
- • No segment performance details included in provided excerpt
- • Cash flow, capital allocation, buybacks, dividends, capex information not present
- • Forward-looking statements referenced but no specific outlook, guidance, or risk details given
Risk Factors
- • Cash $692 million held outside U.S. as of June 27, 2025, up from $321 million in 2024 without new tax accruals
- • Cash conversion cycle 136 days in 2025, down from 152 days in 2024, driven by 23-day inventory reduction
- • Increased days sales outstanding at 51 days in 2025 vs 48 in 2024 from shipment timing and lower receivables factoring
- • Financing proceeds $1,970 million from Term Loan Facility in 2025, net repayments $100 million on same loan
- • Vendor payment terms modified to manage cash flows and vendor relationships affecting days payable outstanding at (50) days
Sandisk FY2025 Key Financial MetricsXBRL
Revenue
$7.4B
▲ +10.4% YoY
Net Income
-$1.6B
▼ -144.2% YoY
Gross Margin
30.1%
▲ +1399bp YoY
Operating Margin
-18.7%
▼ -1170bp YoY
Net Margin
-22.3%
▼ -1223bp YoY
ROE
-17.8%
▼ -1174bp YoY
Total Assets
$13.0B
▼ -3.9% YoY
EPS (Diluted)
$-11.32
▼ -144.5% YoY
Operating Cash Flow
$84M
▲ +127.2% YoY
Source: XBRL data from Sandisk FY2025 10-K filing on SEC EDGAR. All figures in USD.
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