As discussed in Note 1, as a result of the Separation, the historical net income (loss) of Sandisk is reported in the Company’s consolidated financial statements as discontinued operations. The below provides unaudited summarized quarterly financial information on this basis to allow for a meaningful comparison of continuing operations:


	First		Second		Third		Fourth
	(in millions, except per share amounts)
2025
Revenue, net	$	2,212	$	2,409	$	2,294	$	2,605
Gross profit	806		907		912		1,067
Net income from continuing operations	153		466		772		252

Net income	493		594		520		282




Net income per common share:
Continuing operations - basic	$	0.43	$	1.32	$	2.17	$	0.70

Earnings per common share - basic	1.40		1.68		1.46		0.78
Continuing operations - diluted	0.42		1.28		2.11		0.67

Earnings per common share - diluted	1.35		1.63		1.42		0.75


	First		Second		Third		Fourth
	(in millions, except per share amounts)
2024
Revenue, net	$	1,194	$	1,367	$	1,752	$	2,004
Gross profit	244		313		519		697
Net income (loss) from continuing operations	(365)		(146)		(8)		(246)

Net income (loss)	(685)		(287)		135		39





Net income (loss) per common share:
Continuing operations - basic	$	(1.18)	$	(0.49)	$	(0.07)	$	(0.77)

Earnings (loss) per common share - basic	(2.17)		(0.92)		0.35		0.08

Continuing operations - diluted	(1.18)		(0.49)		(0.07)		(0.77)

Earnings (loss) per common share - diluted	(2.17)		(0.92)		0.35		0.08