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SanDisk reports surging fiscal Q1 2027 results and announces 8-for-1 stock split

SanDisk posted fiscal first-quarter 2027 revenue of $11.03 billion, up 378% year over year, while issuing above-consensus guidance for the second quarter and declaring an 8-for-1 forward stock split.

Stock price chart for SanDisk Corp (SNDK) showing trading activity and after-hours price movement.
Image: @StockMKTNewz

SanDisk posted fiscal first-quarter 2027 revenue of $11.03 billion, surging 378% year over year and 23% sequentially to top analyst estimates of $10.64 billion, according to earnings summaries shared by Wall St Engine and Shay Boloor. Non-GAAP diluted earnings per share reached $49.51, beating consensus forecasts of $46.22, while GAAP net income was $8.1 billion ($52.60 per share). Adjusted gross margin climbed 55.2 percentage points year over year to 85.1%, and adjusted operating income reached $8.87 billion.[4][5][7]

Growth was led by the company's datacenter division, where quarterly revenue climbed 61% sequentially to $4.80 billion amid what management described as robust and expanding demand. Edge segment revenue rose 7% sequentially and 320% year over year to $5.83 billion, while consumer revenue contracted 29% quarter over quarter and 39% year over year to $397 million. SanDisk also returned capital to shareholders, repurchasing approximately 3.2 million shares for $5.0 billion during the quarter.[4][5][7]

Looking ahead, SanDisk guided fiscal second-quarter revenue between $12.2 billion and $12.6 billion and projected adjusted EPS of $55.00 to $57.00 on a pre-split basis, both exceeding analyst expectations. The company announced an 8-for-1 forward stock split effective November 19, 2026, aimed at making shares more accessible to investors and employees. According to MarketWatch, SanDisk shares slipped more than 4% in after-hours trading despite the beat, following a run of more than 2,600% since separating from Western Digital 20 months ago.[1][2][4][5][6]

Key facts

  • SanDisk reported fiscal Q1 2027 revenue of $11.03 billion, up 378% year over year and 23% quarter over quarter, beating the $10.64 billion estimate.
  • Non-GAAP diluted EPS reached $49.51, ahead of the $46.22 estimate, while GAAP net income was $8.1 billion ($52.60 per share).
  • Datacenter revenue grew 61% quarter over quarter to $4.80 billion, while Edge revenue increased 320% year over year to $5.83 billion and Consumer revenue fell 39% year over year to $397 million.
  • SanDisk repurchased approximately 3.2 million shares for $5.0 billion during the quarter.
  • For fiscal Q2 2027, SanDisk forecast revenue of $12.2 billion to $12.6 billion and adjusted EPS of $55.00 to $57.00, beating consensus estimates.
  • An 8-for-1 forward stock split was declared, scheduled to take effect on November 19, 2026.
  • MarketWatch reported SanDisk shares fell more than 4% in after-hours trading, despite the stock rising over 2,600% since separating from Western Digital 20 months earlier.

Sources · 6 sources

  1. WS

    Wall St Engine@wallstenginePost on X ·

    SANDISK $SNDK ANNOUNCES 8-FOR-1 STOCK SPLIT, EFFECTIVE NOVEMBER 19

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  2. TE

    Techmeme@TechmemePost on X ·

    Sandisk reports Q1 revenue up 378% YoY to $11B, vs. $10.7B est., forecasts Q2 revenue above est., announces an 8-for-1 stock split; SNDK drops 4%+ after hours (MarketWatch) (Visit Techmeme dot com for the link and full context!)

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  3. EV

    Evan@StockMKTNewzPost on X ·

    Sandisk $SNDK stock just announced a 8:1 stock split SNDK will have 8x the shares outstanding, and each share will trade at 1/8th the price The total value of the shares you hold are not directly impacted https://t.co/8ccWRHP5je

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  4. WS

    Wall St Engine@wallstenginePost on X ·

    SANDISK $SNDK Q1’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $11.03B (Est. $10.64B) 🟢; +378% YoY, +23% QoQ 🔹 Adj. EPS: $49.51 (Est. $46.22) 🟢; +26% QoQ 🔹 Adj. Gross Margin: 85.1% (Est. 84.1%) 🟢; +55.2 ppts YoY 🔹 Adj. Oper Income: $8.87B (Est. $8.44B) 🟢; +25% QoQ Q2 FY27 Guide: 🔹 Revenue: $12.2B-$12.6B (Est. $12.18B) 🟡 🔹 Adj. EPS: $55.00-$57.00 (Est. $53.19) 🟢 🔹 Adj. Gross Margin: 84.5%-85.5% (Est. 84.4%) 🟢 🔹 Diluted Shares: ~151M End Market Revenue: 🔹 Datacenter: $4.80B; +61% QoQ 🔹 Edge: $5.83B; +7% QoQ, +320% YoY 🔹 Consumer: $397M; -29% QoQ, -39% YoY Key Updates: 🔹 Forward Stock Split: Eight-for-one, effective November 19, 2026 Capital Return: 🔹 Buybacks: $5.0B; approximately 3.2M shares Comments: 🔸 “robust and growing demand for our products driving outpaced growth in our data center business.”

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  5. TR

    TrendSpider@TrendSpiderPost on X ·

    SANDISK $SNDK ANNOUNCES 8 FOR 1 STOCK SPLIT https://t.co/yW7NN9RccL

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  6. TE

    TechmemeArticle ·

    Sandisk reports Q1 revenue up 378% YoY to $11B, vs. $10.7B est., forecasts Q2 revenue above est., announces an 8-for-1 stock split; SNDK drops 4%+ after hours (MarketWatch) MarketWatch : Sandisk reports Q1 revenue up 378% YoY to $11B, vs. $10.7B est., forecasts Q2 revenue above est., announces an 8-for-1 stock split; SNDK drops 4%+ after hours — Sandisk's stock has climbed more than 2,600% since the company separated from Western Digital 20 months ago - and it has one of the highest prices in the S&P 500

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  7. SB

    Shay Boloor@StockSavvyShayPost on X ·

    $SNDK Q1 EARNINGS • Revenue $11.0B vs Est. $10.6B • EPS $49.51 vs Est. $46.22 • Operating Income $8.9B vs Est. $8.4B • Data Center Revenue $4.8B (+61% QoQ) Q2 Guidance • Revenue $12.4B vs Est. $12.2B • EPS $56.00 vs Est. $53.19 SanDisk announced an 8-for-1 stock split

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