Sandisk stock: $11 billion quarter sets higher Q2 guide

Sandisk reported a strong fiscal first quarter on Tuesday, November 10, with revenue of 11.0 billion US dollars and second-quarter guidance above the prior quarter's level. The update adds fresh operating detail to the recent coverage focused on the planned share split. StorageNewsletter published the results and guidance in an edited press release.

Sandisk stock traded at 767.50 euros on Lang & Schwarz at 17:06 CET on Tuesday, November 10, 2026.

Results Add Fresh Operating Signals

Revenue increased 23 percent from the previous quarter and 378 percent from a year earlier. GAAP net income reached 8.1 billion US dollars, while non-GAAP diluted earnings per share came to 49.51 US dollars on a pre-split basis.

For fiscal second-quarter 2027, management expects revenue between 12.2 billion and 12.6 billion US dollars. It also projects non-GAAP diluted earnings per share of 55.00 to 57.00 US dollars before the planned split. The guidance gives investors a near-term benchmark for whether AI-related storage demand can continue to offset the memory market's cyclicality.

Data Centers Lead The Mix

StorageNewsletter reported data-center revenue of 4.8 billion US dollars, up 61 percent sequentially. Edge revenue increased 7 percent, while consumer revenue fell 29 percent, underscoring the company's growing exposure to cloud infrastructure and AI workloads.

The operating mix matters because data-center demand is becoming the main growth indicator for Sandisk. A slowdown in AI infrastructure spending or weaker NAND pricing would therefore have a more direct effect on the investment case than in earlier periods.

Split Changes Trading Mechanics

Sandisk said holders of record at the close of business on November 9 will receive seven additional shares for each share held. The eight-for-one split is scheduled to take effect after market close on Thursday, November 19, with split-adjusted trading expected to begin on Friday, November 20. The transaction does not change the company's market capitalization or ownership percentages.

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Source: StorageNewsletter.