SanDisk Reports Fiscal Q1 2027 Results, Guides Higher and Announces Forward Stock Split
SanDisk reported revenue of $11.0 billion, up 23% sequentially, and GAAP net income of $8.1 billion, or $52.60 per diluted share. Non-GAAP diluted EPS was $49.51 versus analyst expectations of $46.67. It forecast fiscal Q2 revenue of $12.2 billion to $12.6 billion and said it repurchased $5.0 billion of shares in the quarter. The forward stock split is effective November 19, 2026.
SanDisk Corporation reported fiscal first-quarter 2027 revenue of $11.0 billion, representing a 23% sequential increase, and GAAP net income of $8.1 billion, or $52.60 per diluted share. The company's non-GAAP diluted net income per share was $49.51, surpassing analyst expectations of $46.67. Driven by robust demand in its data-center business, the company also announced an eight-for-one forward stock split effective November 19, 2026, to increase stock accessibility. Additionally, SanDisk provided fiscal second-quarter 2027 revenue guidance in the range of $12.2 billion to $12.6 billion.
The company also noted it returned $5.0 billion to stockholders through share repurchases during the quarter.