SanDisk (SNDK) reported first-quarter fiscal 2027 revenue of $11.03 billion, surging 378% year-over-year and 23% quarter-over-quarter. The company's data center segment contributed $4.80 billion, climbing 61% from the prior quarter. GAAP net income reached $8.10 billion with diluted earnings per share of $52.60 on a pre-split basis.
Management guided second-quarter revenue to between $12.2 billion and $12.6 billion. SanDisk also announced an 8-for-1 stock split, effective November 9 as the record date, with split-adjusted shares set to begin trading at market open on November 20.
SanDisk Q1 Revenue Jumps 378% YoY to $11B, Announces 8-for-1 Stock Split
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