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Get filing alertsRisk Profile Improvements
- Goodwill Impairment (removed) — Prior year recorded $1.8 billion goodwill impairment; no such charge in current period.
SanDisk spins from WDC, posts 251% revenue surge on AI demand; pays off $2B debt early
Filed May 1, 2026 · Period ending April 3, 2026 · ~2 min read
Key Changes
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Completed spin-off from Western Digital in Feb 2025, now trading independently as SNDK. Revenue jumped 251% year-over-year driven by 248% increase in flash pricing as AI infrastructure demand surged. Net income swung to $3.6B from $1.9B loss.
MD&A: Spin-off and Revenue Growth verify on EDGAR → -
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Paid off entire $2.0B Term Loan Facility in March 2026 using cash on hand, less than one year after borrowing at spin. Incurred $46M loss on early extinguishment but eliminated major debt obligation, demonstrating strong cash generation.
MD&A: Debt Repayment verify on EDGAR → -
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Datacenter revenue exploded 645% as AI server demand drove both volume (160% more exabytes sold) and pricing (186% higher ASP per gigabyte). Operating cash flow improved from negative $10M to positive $4.5B over nine months.
MD&A: Datacenter Segment verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · May 17, 2026 5:32 AM