Sandisk Posts $11.0B Q1 Revenue, Guides Q2 to $12.2B-$12.6B, Sets 8-for-1 Split
SNDK has more than doubled off its 52-week low of $181.51.
Summary
Sandisk reported Q1 FY2027 revenue of $11.03B (up 23% sequentially) and guided Q2 to $12.2B-$12.6B, while announcing an eight-for-one forward stock split effective November 19, 2026.
Key Events · Earnings and Guidance · SNDK
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Q1 Revenue Jumps 23% Sequentially
Fiscal Q1 2027 revenue was $11.03B, up 23% from Q4's $8.97B and 378% from the year-ago $2.31B, with GAAP net income of $8.1B and diluted EPS of $52.60.
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Datacenter Segment Drives Growth
Datacenter revenue reached $4.80B, up 61% sequentially from $2.98B, while Edge rose 7% to $5.83B and Consumer fell 29% to $397M.
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Q2 Guidance Above Current Quarter
Management guided fiscal Q2 2027 revenue to $12.2B-$12.6B with non-GAAP diluted EPS of $55.00-$57.00 on a pre-split basis, implying continued sequential growth.
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Eight-for-One Forward Split Approved
Stockholders of record on November 9, 2026 receive seven additional shares per share held, issued after market close November 19, 2026, with post-split trading beginning November 20, 2026.
Analysis · SNDK · Technology
Sandisk's fiscal Q1 2027 revenue of $11.03B came in 23% above the prior quarter and nearly five times the year-ago $2.31B, with GAAP net income of $8.1B ($52.60 diluted EPS) and non-GAAP EPS of $49.51. The datacenter segment did the heavy lifting at $4.80B, up 61% sequentially, which is the part of the business tied to AI infrastructure demand. Management guided Q2 revenue to $12.2B-$12.6B and non-GAAP EPS to $55.00-$57.00 on a pre-split basis, so the growth is expected to continue rather than plateau. Alongside the results the board approved an eight-for-one forward split effective after the close on November 19, 2026, with post-split trading starting November 20 and authorized shares rising from 450 million to 3.6 billion. The split changes nothing about market value or ownership percentages, but the much larger authorized share count gives the company room to issue stock later. The company also returned $5.0B through buybacks in the quarter, roughly 3.2 million shares.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 38.8% of the 970 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.46%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SNDK was trading at $1,325.00 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 filing was assessed with positive market sentiment and an importance score of 8 out of 10.