The company said first quarter revenue of $2,308 million was up 21% sequentially and 23% year over year, with GAAP net income of $112 million ($0.75 per diluted share), for the quarter ended October 3, 2025.

1. 01

   The company said first quarter revenue of $2,308 million was up 21% sequentially and 23% year over year, with GAAP net income of $112 million ($0.75 per diluted share), for the quarter ended October 3, 2025.

2. 02

   Sandisk said its GAAP gross margin was 29.8%, down 8.8 ppt from 38.6% a year earlier, and its GAAP operating income was $176 million, down 40% from $291 million a year earlier.

3. 03

   The company said operating cash flow for the 3 months was $488 million (compared with a net outflow of $(131) million a year earlier), and that it made debt repayments of $500 million, leaving cash and cash equivalents at $1,442 million.

4. 04

   The company said it expects fiscal Q2 revenue to be in the range of $2.55 billion to $2.65 billion, with Non-GAAP diluted net income per share in the range of $3.00 to $3.40.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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