Sandisk Corporation (SNDK) Q4 2023 Earnings Report

Sandisk reported Q4 2023 revenue of $1.6655 billion, up 34.6% year-over-year and 21.9% quarter-over-quarter, signaling robust top-line demand for storage solutions. However, the quarter was characterized by a sharp erosion in profitability, with gross profit of $161.0 million and a gross margin of 9.67%, followed by an operating loss of $245.0 million and a net loss of $301.0 million. The GAAP earnings per share declined to a loss of $1.49 (diluted EPS of $1.43). The disparity between revenue growth and profitability underscores mounting cost pressures and a challenging margin environment in QQ4 2023.