Sandisk Corp (SNDK)
Net profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -1,641,000 | -1,498,000 | 462,000 | 57,000 | -672,000 | -713,647 | -605,178 | -171,167 | 427,806 | 388,478 | 454,900 | 584,550 | 777,523 | 1,007,446 | 1,143,335 | 1,157,533 | 1,145,376 | 1,042,657 | 918,420 | 718,068 |
| Revenue (ttm) | US$ in thousands | 7,355,000 | 7,214,000 | 7,224,000 | 7,013,000 | 6,663,000 | 6,268,740 | 6,106,890 | 5,894,170 | 5,598,370 | 5,564,870 | 5,756,970 | 6,051,180 | 6,447,990 | 6,627,690 | 6,620,300 | 6,498,960 | 6,341,210 | 6,170,000 | 5,983,640 | 5,631,680 |
| Net profit margin | -22.31% | -20.77% | 6.40% | 0.81% | -10.09% | -11.38% | -9.91% | -2.90% | 7.64% | 6.98% | 7.90% | 9.66% | 12.06% | 15.20% | 17.27% | 17.81% | 18.06% | 16.90% | 15.35% | 12.75% |
June 30, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-1,641,000K ÷ $7,355,000K
= -22.31%
The net profit margin of Sandisk Corp has exhibited considerable fluctuations over the analyzed period, reflecting varying operational and market conditions. During the fiscal year ending June 30, 2013, the net profit margin was approximately 12.75%, which increased steadily through the subsequent quarters, reaching a peak of 18.06% by March 31, 2014. This period likely indicates improved profitability and efficient cost management.
Following this peak, the margin experienced a slight decline but remained relatively high, ending 2014 with 15.20%. In 2015, a downward trend became evident, with the margin decreasing from 12.06% at the end of March to a low of 6.98% by the end of the year. The first half of 2016 saw a modest rebound to 7.64%.
Starting from the third quarter of 2014, a significant deterioration in profitability is observable, culminating in negative net profit margins by September 2023 (-2.90%) and further declines in December 2023 (-9.91%). The subsequent quarters of 2024 show some fluctuation, with marginal recoveries, such as reaching a positive 0.81% in September 2024 and 6.40% in December 2024. However, projections for 2025 indicate substantial losses, with the net profit margin plunging to -20.77% in March 2025 and further to -22.31% by June 2025.
Overall, the data suggest that Sandisk Corp experienced a period of robust profitability in the early-mid 2010s, followed by a marked decline beginning around 2015. The persistent negative margins from late 2022 onward indicate ongoing challenges affecting profitability. Despite some short-term recoveries projected for late 2024, the overall trend points to significant profitability pressures.
Peer comparison
Jun 30, 2025