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	Dec '24 Dec 27, 2024	Jun '24 Jun 28, 2024	Jun '23 Jun 30, 2023	Jul '22 Jul 1, 2022
Revenue	7,224	6,663	6,086	9,754
Revenue Growth (YoY)	-25.94%	9.48%	-37.60%	-
Cost of Revenue	4,793	5,591	5,656	6,510
Gross Profit	2,431	1,072	430	3,244
Selling, General & Admin	496	455	558	666
Research & Development	1,137	1,061	1,167	1,362
Operating Expenses	1,633	1,516	1,725	2,028
Operating Income	798	-444	-1,295	1,216
Interest Expense	-24	-40	-31	-15
Interest & Investment Income	11	12	21	6
Earnings From Equity Investments	-104	-49	45	51
Other Non Operating Income (Expenses)	83	42	-2	-8
EBT Excluding Unusual Items	739	-479	-1,262	1,250
Merger & Restructuring Charges	-82	-24	-69	-16
Impairment of Goodwill	-	-	-671	-
Pretax Income	691	-503	-2,002	1,234
Income Tax Expense	229	169	141	170
Net Income	462	-672	-2,143	1,064
Net Income to Common	462	-672	-2,143	1,064
Shares Outstanding (Basic)	115	144	-	-
Shares Outstanding (Diluted)	115	144	-	-
EPS (Basic)	4.02	-4.67	-	-
EPS (Diluted)	4.02	-4.67	-	-
Free Cash Flow	-360	-475	-932	741
Free Cash Flow Per Share	-3.13	-3.30	-	-
Gross Margin	33.65%	16.09%	7.07%	33.26%
Operating Margin	11.05%	-6.66%	-21.28%	12.47%
Profit Margin	6.40%	-10.09%	-35.21%	10.91%
Free Cash Flow Margin	-4.98%	-7.13%	-15.31%	7.60%
EBITDA	998	-220	-847	1,741
EBITDA Margin	13.81%	-3.30%	-13.92%	17.85%
D&A For EBITDA	200	224	448	525
EBIT	798	-444	-1,295	1,216
EBIT Margin	11.05%	-6.66%	-21.28%	12.47%
Effective Tax Rate	33.14%	-	-	13.78%
Advertising Expenses	-	31	35	47

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