Sandisk Income Statement

Financials in millions USD. Fiscal year is July - June.

Millions USD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Mar '25 Mar 28, 2025	Jun '24 Jun 28, 2024	Jun '23 Jun 30, 2023	Jul '22 Jul 1, 2022
Revenue	7,214	6,663	6,086	9,754
Revenue Growth (YoY)	18.53%	9.48%	-37.60%	-
Cost of Revenue	4,864	5,591	5,656	6,510
Gross Profit	2,350	1,072	430	3,244
Selling, General & Admin	528	455	558	666
Research & Development	1,145	1,061	1,167	1,362
Operating Expenses	1,673	1,516	1,725	2,028
Operating Income	677	-444	-1,295	1,216
Interest Expense	-31	-40	-31	-15
Interest & Investment Income	14	12	21	6
Earnings From Equity Investments	-106	-49	45	51
Other Non Operating Income (Expenses)	72	42	-2	-8
EBT Excluding Unusual Items	609	-479	-1,262	1,250
Merger & Restructuring Charges	-77	-24	-69	-16
Impairment of Goodwill	-1,830	-	-671	-
Pretax Income	-1,264	-503	-2,002	1,234
Income Tax Expense	234	169	141	170
Net Income	-1,498	-672	-2,143	1,064
Net Income to Common	-1,498	-672	-2,143	1,064
Shares Outstanding (Basic)	145	144	-	-
Shares Outstanding (Diluted)	145	144	-	-
EPS (Basic)	-10.33	-4.67	-	-
EPS (Diluted)	-10.33	-4.67	-	-
Free Cash Flow	-337	-475	-932	741
Free Cash Flow Per Share	-2.32	-3.30	-	-
Gross Margin	32.57%	16.09%	7.07%	33.26%
Operating Margin	9.38%	-6.66%	-21.28%	12.47%
Profit Margin	-20.77%	-10.09%	-35.21%	10.91%
Free Cash Flow Margin	-4.67%	-7.13%	-15.31%	7.60%
EBITDA	858	-220	-847	1,741
EBITDA Margin	11.89%	-3.30%	-13.92%	17.85%
D&A For EBITDA	181	224	448	525
EBIT	677	-444	-1,295	1,216
EBIT Margin	9.38%	-6.66%	-21.28%	12.47%
Effective Tax Rate	-	-	-	13.78%
Advertising Expenses	-	31	35	47

Updated Mar 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.