Group 1 - Sandisk Corp. (NASDAQ:SNDK) reached an all-time high of $205.64 during intra-day trading, closing up 16.42% at $204.36 ahead of its earnings announcement [1][2] - The company is set to release its Q3 earnings results after market close on November 6, 2023, followed by a conference call to discuss the results [2] - Sandisk launched a new product collection themed around the FIFA World Cup 2026, including USB-C flash drives and portable SSDs, in addition to a partnership with Crayola for a themed USB-C flash drive [3][4] Group 2 - The Crayola-themed USB-C flash drive will feature four vibrant colors and storage options ranging from 64 GB to 256 GB, exclusively available at Walmart in North America until January 2026 [4]

Financial Performance - Revenue for the fiscal third quarter 2025 was $1.7 billion[6], a decrease of 1% year-over-year[17] and down 10% quarter-over-quarter[17] - Non-GAAP gross margin was 22.7%[6], a decrease of 4.7 percentage points year-over-year[17] and down 9.8 percentage points quarter-over-quarter[17] - Non-GAAP EPS showed a loss of $0.30[6], compared to earnings of $0.57 in Q3 2024 and $1.23 in Q2 2025[17] - Adjusted free cash flow was $220 million[6], an increase of 153% year-over-year[17] and up 142% quarter-over-quarter[17] - Cash and cash equivalents totaled $1.5 billion[6] Segment Performance - Client revenue was $197 million, a decrease of 21% quarter-over-quarter[15] - Consumer revenue was $927 million, a decrease of 10% quarter-over-quarter[15] - Cloud revenue was $571 million, a decrease of 5% quarter-over-quarter[15] - Cloud bit allocation increased, representing 12% of total bits this quarter, up from 8% in the same quarter of the prior year[13] Future Outlook - The company forecasts demand to strengthen throughout the year[5] - Revenue guidance for the fiscal fourth quarter is $1.75 billion to $1.85 billion[21] - Non-GAAP gross margin guidance for the fiscal fourth quarter is 25.5% to 27.0%[21]