Sandisk Posts $11B Quarter, Guides Q2 to $12.6B, Sets 8-for-1 Split
SNDK has more than doubled off its 52-week low of $181.51.
Summary
Sandisk delivered fiscal Q1 2027 revenue of $11.03B, up 23% from Q4's $8.97B and nearly five times the year-ago $2.31B, with non-GAAP EPS of $52.60 versus $39.25 last quarter and net income of $8.1B. Datacenter was the engine: $4.80B, up 61% sequentially, while Edge grew 7% and Consumer fell 29%. Gross margin held at 85.1% non-GAAP and operating margin reached 80.4%, so the revenue beat carried straight to the bottom line. Guidance for fiscal Q2 calls for $12.2B-$12.6B revenue and non-GAAP EPS of $55.00-$57.00, both above the just-reported quarter, implying the datacenter ramp continues. The company also declared an eight-for-one forward split that increases authorized shares from 450 million to 3.6 billion, with the record date November 9, 2026 and post-split trading starting November 20, 2026 — cosmetic for valuation but it widens the shareholder base. This follows the August 5 Q4 beat that guided Q1 to $10.3B-$10.8B; actual revenue came in above the top of that range.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — The 8-for-1 split increases authorized shares from 450 million to 3.6 billion, with record date November 9, 2026 and post-split trading beginning November 20, 2026.
At the time of this announcement, SNDK was trading at $1,313.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $192.2B. The 52-week trading range was $181.51 to $2,354.39. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.