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SanDisk Q1 Revenue Jumps 378% YoY, Announces 8-for-1 Stock Split

SanDisk (SNDK) reported first-quarter fiscal 2027 revenue of $11.031 billion for the period ended Oct. 2, up 378% year over year and 23% sequentially, with data center revenue at $4.802 billion, up 61% quarter over quarter. GAAP net income was $8.101 billion, or $52.60 diluted EPS pre-split. The company guided second-quarter revenue to $12.2–12.6 billion and announced an 8-for-1 stock split, with a record date of Nov. 9 and split-adjusted trading expected to begin at the Nov. 20 open.

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AI take

The scale of the beat and the guidance step-up matter more than the split itself, which is largely cosmetic; the signal is that data center demand is now the swing factor in SanDisk's results, growing faster than the overall business. That shifts the story from a cyclical memory rebound to a question of how durable AI-driven storage demand is. The split widens the shareholder base and may change the stock's trading dynamics, but it carries no fundamental weight. The open question is whether data center growth holds as guidance implies, and how the post-split share base behaves into the November open.

Generated by AI for reference only.

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