Sandisk Corp (SNDK)

Operating 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
Operating income (ttm)	US$ in thousands	-1,377,000	-1,174,000	772,000	332,000	-446,000	-529,889	-376,780	105,628	696,549	616,625	737,764	920,637	1,233,372	1,601,359	1,769,724	1,757,891	1,733,793	1,562,410	1,390,772	1,114,397
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
Operating profit margin		-18.72%	-16.27%	10.69%	4.73%	-6.69%	-8.45%	-6.17%	1.79%	12.44%	11.08%	12.82%	15.21%	19.13%	24.16%	26.73%	27.05%	27.34%	25.32%	23.24%	19.79%

June 30, 2025 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-1,377,000K ÷ $7,355,000K
= -18.72%

The operating profit margin of Sandisk Corp exhibited a notable upward trend from mid-2013 through the first half of 2014. Specifically, it increased from 19.79% as of June 30, 2013, to a peak of 27.34% by March 31, 2014, reflecting improved profitability within that period. Subsequent quarters showed a slight decline, with the margin decreasing to 24.16% by December 31, 2014.

In 2015, the operating profit margin demonstrated a significant downward trajectory, declining from 19.13% in March 2015 to 11.08% by December 2015. Throughout 2016 and into recent years, the margin continued to decline, with minor fluctuations, reaching as low as 1.79% on September 30, 2013.

From the latter part of 2023 onwards, the operating profit margin demonstrates a substantial deterioration, culminating in negative values. Specifically, the margin turned negative in December 2023 at -6.17%, further declined to -8.45% by March 2024, and persisted in negative territory through June 2024. Notably, in September 2024, the margin rebounded to 4.73%, and approached break-even levels at 10.69% by December 2024. However, it again deteriorated sharply into negative territory, reaching -16.27% in March 2025 and further declining to -18.72% by June 2025.

Overall, the data indicates a long-term trend of declining operating profitability for Sandisk Corp over the period examined, with recent quarters experiencing significant negative margins, suggesting challenges in maintaining operating efficiency and profitability in the current operational environment.