Earnings Releases·Oct 29, 2026, 4:13 PM ET

Sandisk — Fiscal First Quarter 2027 Earnings Summary

Reported Q1 2027 revenue of $11.031 billion, a 378% year-over-year increase from $2.308 billion, driven by a 61% Q/Q surge in the Datacenter segment to $4.802 billion, while the Consumer segment declined 39% Y/Y to $397 million.
GAAP net income reached $8.101 billion ($52.60 per share), up 17% Q/Q and significantly higher than $112 million in Q1 2026, supported by an 85.0% GAAP gross margin and $6.309 billion in free cash flow.
Provided Q2 2027 guidance forecasting revenue between $12.2 billion and $12.6 billion and Non-GAAP diluted net income per share between $55.00 and $57.00.
Returned $5.0 billion to stockholders via share repurchases of approximately 3.2 million shares and announced an eight-for-one forward stock split effective November 19, 2026.