Sandisk Corporation (SNDKV) Q4 2023 Earnings Report

Sandisk Corporation reported Q4 2023 revenue of $1.665 billion with a gross profit of $161 million, yielding a gross margin of 9.7%. The quarter delivered a net loss of $301 million and negative EBITDA of $249 million, with an operating loss of $245 million. These results reflect ongoing profitability headwinds in a cyclical memory/storage market and the company’s substantial investment in research and development (R&D) as a lever for long‑term growth. R&D expenditures reached $246 million, underscoring a commitment to product differentiation and future cash-generating opportunities, albeit at the near-term expense of bottom-line profitability. Earnings per share stood at -$1.49 (GAAP) and -$1.43 on a diluted basis, based on roughly 202 million weighted-average shares (non-diluted/diluted).

The quarter’s performance suggests that Sandisk is navigating a difficult pricing environment and elevated operating costs. Management commentary is not provided in the data set, but the absence of forward guidance in the supplied materials indicates that investors should closely monitor future updates on gross margin expansion, cost discipline, and the pace of R&D monetization. In the near term, the stock’s trajectory will hinge on stabilization of memory pricing, demand recovery for flash-based storage products, and the company’s ability to produce positive operating leverage as revenue scales.