M
ME NEWS
08 Apr 2025, 05:37
Western Digital Finalizes Flash Business Separation; Reclassifies Sandisk as Discontinued Operations
Western Digital Corporation has completed the spin-off of its Flash business into a newly independent company, Sandisk Corporation, which now trades publicly under the symbol “SNDK” on the Nasdaq.
Following the separation finalized on February 21, 2025, Western Digital no longer consolidates Sandisk’s results in its financial reporting. Beginning in the third quarter of fiscal 2025, all historical financial results related to the Flash business will be presented as discontinued operations in Western Digital's financial statements.
The company has released preliminary unaudited financial data reflecting these changes, including updated balance sheets, income statements, reconciliations between GAAP and non-GAAP measures, and supplemental financial data covering fiscal years 2022 through 2025 to date. These figures are for informational use only and do not revise prior official filings.
The move reflects Western Digital’s strategic focus on its core HDD and other continuing operations while allowing Sandisk to pursue growth independently in the flash memory market.
Western Digital Corporation has completed the spin-off of its Flash business into a newly independent company, Sandisk Corporation, which now trades publicly under the symbol “SNDK” on the Nasdaq.
Following the separation finalized on February 21, 2025, Western Digital no longer consolidates Sandisk’s results in its financial reporting. Beginning in the third quarter of fiscal 2025, all historical financial results related to the Flash business will be presented as discontinued operations in Western Digital's financial statements.
The company has released preliminary unaudited financial data reflecting these changes, including updated balance sheets, income statements, reconciliations between GAAP and non-GAAP measures, and supplemental financial data covering fiscal years 2022 through 2025 to date. These figures are for informational use only and do not revise prior official filings.
The move reflects Western Digital’s strategic focus on its core HDD and other continuing operations while allowing Sandisk to pursue growth independently in the flash memory market.