Basis of Presentation On February 21, 2025, Sandisk Corporation completed its separation from Western Digital Corporation and became a standalone publicly traded company. The Company's financial and operating results after the separation are presented on a consolidated basis. For periods prior to the separation, the Company's historical combined financial statements were prepared on a carve-out basis and were derived from WDC's consolidated financial statements and accounting records and prepared as if the Company existed on a standalone basis. The financial statements for all periods presented, including the historical results of the Company prior to February 21, 2025, are now referred to as " Condensed Consolidated Financial Statements " and have been prepared in accordance with US generally accepted accounting principles ("GAAP"). Investor Communications The company held a investment community conference call to discuss results and the business outlook for the fiscal fourth quarter of 2025.