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SanDisk Q1 EDGE revenue $5.83B; announces 8-for-1 stock split

SanDisk reported first-quarter EDGE revenue of $5.83 billion and said it will carry out an 8-for-1 stock split. The company guided second-quarter revenue to $12.2 billion-$12.6 billion, versus analysts’ $12.1 billion estimate. SanDisk (SNDK) shares fell more than 2% in after-hours trading.

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AI take

The split is cosmetic, but the guidance is the real signal: a second-quarter range that brackets the analyst consensus suggests management sees demand holding rather than accelerating, which explains why shares slipped after hours despite the headline beat. For a memory-linked name tied to the data-center buildout, that distinction between in-line and upside matters more than the share-count change. The open question is whether the company's next update shows the guidance midpoint moving above consensus, or whether the after-hours reaction was the market pricing in a plateau.

Generated by AI for reference only.

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