U.S. COMPANY FILING
Sandisk Corp — Form 10-Q filed 2025-11-07
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Sandisk reported Q1 FY2026 revenue of $2.31B, up 22.6% YoY, but net income fell 46.9% to $112M due to lower gross margin, higher operating expenses, and increased interest expense. The company repaid $500M debt, reducing cash. Post-spin-off, related-party transactions with Western Digital ceased.
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