**Bullish Points:**
1. Net income for the three months ended January 2, 2026 was $803 million, a significant increase from $104 million in the comparable period in the prior year.
2. Net income for the six months ended January 2, 2026 was $915 million, up from $315 million in the comparable period in the prior year.
3. Revenue for the three months ended January 2, 2026 was $3,025 million, a 61% increase from $1,876 million in the comparable period in the prior year.
4. Revenue for the six months ended January 2, 2026 was $5,333 million, a 42% increase from $3,759 million in the comparable period in the prior year.
5. Gross profit for the three months ended January 2, 2026 was $1,541 million, up from $606 million in the comparable period in the prior year.
6. Gross profit for the six months ended January 2, 2026 was $2,228 million, up from $1,332 million in the comparable period in the prior year.
7. Operating income for the three months ended January 2, 2026 was $1,065 million, up from $195 million in the comparable period in the prior year.
8. Operating income for the six months ended January 2, 2026 was $1,241 million, up from $486 million in the comparable period in the prior year.
9. Cash and cash equivalents as of January 2, 2026 were $1,539 million, up from $1,481 million as of June 27, 2025.
10. Long-term debt as of January 2, 2026 was $583 million, down from $1,829 million as of June 27, 2025.
11. The effective tax rate for the three months ended January 2, 2026 was 14%, down from 40% in the comparable period in the prior year.
12. The effective tax rate for the six months ended January 2, 2026 was 14%, down from 28% in the comparable period in the prior year.
**Bearish Points:**
1. Interest expense for the three months ended January 2, 2026 was $25 million, up from $4 million in the comparable period in the prior year.
2. Interest expense for the six months ended January 2, 2026 was $65 million, up from $6 million in the comparable period in the prior year.
3. Accounts receivable, net as of January 2, 2026 were $1,239 million, up from $1,068 million as of June 27, 2025.
4. Inventories as of January 2, 2026 were $1,970 million, down from $2,079 million as of June 27, 2025.
**Summary:**
SanDisk Corp. (SNDK) has shown strong financial performance for the three and six months ended January 2, 2026, with significant increases in net income, revenue, gross profit, and operating income. The company has also improved its cash position and reduced long-term debt. Additionally, the effective tax rate has decreased, which is a positive indicator for the company's profitability.
However, there are some concerns, such as the increase in interest expenses and accounts receivable, which could impact the company's cash flow. Additionally, the decrease in inventories may indicate potential supply chain issues or changes in demand.
Overall, the financial report presents a positive outlook for SanDisk Corp., with strong growth in key financial metrics, despite some areas that require attention.
For more information, you can read the original text of SanDisk Corp.'s financial report.
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