Sandisk stock faces key record date before eight-for-one split

Sandisk announced an eight-for-one forward stock split alongside its fiscal first-quarter results on Thursday, October 29, 2026. The company also issued a second-quarter outlook that points to continued sequential growth. The details come from Sandisk's investor release.

The Sandisk stock traded at 1,045 euros on Lang & Schwarz at 12:47 CET on Monday, November 2, 2026. Investors can follow the real-time quote of Sandisk stock.

Record Date Comes Before Share Distribution

Shareholders recorded at the close of business on Monday, November 9, will receive seven additional shares for every share held. Sandisk expects to issue the additional shares after the market closes on Thursday, November 19, with split-adjusted trading scheduled to begin at the market open on Friday, November 20.

The split changes the number of shares outstanding and the per-share figures, but it does not change Sandisk's overall market capitalization or an investor's ownership percentage. The company said the move is intended to make the stock more accessible, including through its employee stock purchase plan. Investors should therefore read existing per-share figures on a pre-split basis until the adjusted trading begins.

Revenue Outlook Remains Strong

For fiscal second-quarter 2027, Sandisk guides to revenue of 12.2 billion to 12.6 billion US dollars. The non-GAAP gross-margin forecast is 84.5% to 85.5%, while non-GAAP operating expenses are expected at 540 million to 560 million US dollars.

Non-GAAP diluted earnings are expected at 55.00 to 57.00 US dollars per pre-split share. Sandisk says the guidance excludes stock-based compensation and other adjustments, so the adjusted figures should not be treated as a substitute for GAAP results.

The forecast follows fiscal first-quarter revenue of 11.031 billion US dollars, up 23% from the preceding quarter and 378% from the year-earlier period. GAAP net income was 8.101 billion US dollars, including a 513 million US dollar net gain on equity securities. Non-GAAP diluted earnings were 49.51 US dollars per pre-split share.

Data Center Demand Leads Growth

Sandisk's data center business generated 4.802 billion US dollars of first-quarter revenue, up 61% sequentially. Edge revenue rose 7% to 5.832 billion US dollars, while consumer revenue fell 29% to 397 million US dollars. Chief Executive Officer David Goeckeler attributed the strong start to fiscal 2027 to growing demand and outpaced growth in the data center business.

The split timetable is the next defined event for shareholders. The second-quarter operating update will show whether demand and pricing can support the company's elevated margin expectations after the sharp improvement in memory-related results.

US equities remain set against the broader S&P 500 market backdrop.

More information is available in More news and analyses on Sandisk stock.