Financial Performance - Revenue reached $1.901 billion, up 12% QoQ and 8% YoY[6, 15] - Non-GAAP gross margin was 26.4%, a 3.7 percentage point increase QoQ but a 10 percentage point decrease YoY[6, 15] - Non-GAAP EPS was $0.29, a 197% increase QoQ but a 77% decrease YoY[6, 15] - Adjusted free cash flow was $77 million, down 65% QoQ but up 158% YoY[6, 15] Business Segment Performance - Cloud revenue was $213 million, up 8% QoQ[13] - Client revenue was $1.103 billion, up 19% QoQ[13] - Consumer revenue was $585 million, up 2% QoQ[13] Strategic Highlights - Datacenter represented over 12% of total bits shipped, indicating growth in AI-driven workloads and hyperscale demand[9] - Hyperscaler CapEx growing 47% year-over-year to $368 billion, alongside rising investments in Asia and Europe[9] - The company announced a 256 TB NVMe enterprise SSD, powered by the industry leading UltraQLC platform[9] Guidance - The company expects revenue of $2.10 - $2.20 billion for the next quarter[19] - The company expects Non-GAAP gross margin of 28.5% - 29.5% for the next quarter[19] - The company expects Non-GAAP diluted earnings per share of $0.70 - $0.90 for the next quarter[19] Capital Expenditure - Total Sandisk Gross CapEx was $890 million, representing 12.1% of net revenue[17]