Sandisk — Fiscal First Quarter 2027 Earnings Summary

Sandisk reported fiscal first quarter 2027 revenue of $11.0 billion, representing a 23% increase from the previous quarter and a 378% rise year-over-year, driven by robust demand in its data center business. The company achieved GAAP net income of $8.1 billion, or $52.60 per diluted share, while returning $5.0 billion to stockholders through share repurchases. Sandisk announced an eight-for-one forward stock split effective November 19, 2026, to enhance stock accessibility for employees and investors. Looking ahead, the company forecasts second quarter 2027 revenue between $12.2 billion and $12.6 billion with Non-GAAP diluted net income per share expected to range from $55.00 to $57.00.