Sandisk Posts Q1 Adjusted EPS of $49.51 Per Share

SanDisk Corporation announced its financial results for the first quarter of fiscal 2027, reporting revenue of $11.03 billion, which surpassed the FactSet consensus estimate of $10.72 billion. The company also posted an adjusted earnings per share (EPS) of $49.51, beating the expected $46.67. Alongside these results, management provided forward guidance for the second quarter of fiscal 2027, projecting an adjusted EPS range between $55.00 and $57.00. The earnings report follows a period of significant year-to-date stock performance driven by robust demand for enterprise SSDs and AI-related storage solutions.