Form 10-K · Annual report
Sandisk 10-K, filed Aug 17, 2026
- Filed
- CIK
- 0002023554
- Accession no.
- 0001628280-26-057406
Summary
Sandisk recorded a $1.8 billion goodwill impairment in fiscal 2025 and none in fiscal 2026, after completing its spin-off from Western Digital in February 2025. It settled its $2.0 billion Term Loan B facility in March 2026 at a $46 million loss and has entered multi-year volume agreements with Datacenter and Edge customers, expecting AI-driven NAND demand to persist through 2027 and beyond.
Key points
- Sandisk completed its separation from Western Digital on February 21, 2025, and began trading on Nasdaq under ticker SNDK on February 24, 2025.
- WDC disposed of Sandisk shares in June 2025 and February 2026 and said it expects to monetize all remaining Sandisk shares by the end of 2026.
- Sandisk recorded a $1.8 billion goodwill impairment for fiscal 2025 and no goodwill impairment for fiscal 2026.
- Sandisk entered long-term volume agreements with Datacenter and Edge customers, including pricing mechanisms and financial guarantees, and expects AI-driven demand through calendar 2027 and beyond.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 7. Management’s Discussion Overview Our Business Sandisk is a leading global semiconductor memory company with more than 30 years of innovation in NAND flash technology. We are a vertically integrated solutions provider with ownership of chip-level design and IP, front and back-end manufacturing, as well as systems engineering and design. With a differentiated innovation engine driving advancements in storage and semiconductor technologies, our broad and ever-expanding portfolio delivers powerful flash storage solutions for artificial intelligence (“AI”) workloads in datacenters, edge devices, and consumer applications. …
An excerpt of the text as filed with the SEC, cut for length.
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