Sandisk stock: Record quarter, higher outlook and 8-for-1 split

Sandisk reported fiscal first-quarter 2027 results on October 29, 2026, with revenue and profitability well above the year-earlier period. In its financial release, the company said revenue reached 11.031 billion US dollars, up 23 percent from the preceding quarter and 378 percent from the year-earlier quarter.

Sandisk stock traded at 1,085.00 euros on Lang & Schwarz at 11:59 a.m. CEST on Friday, October 30, 2026. The quote was recorded during the European session and is not accompanied here by a verified Xetra comparison.

Datacenter demand leads growth

Datacenter revenue rose to 4.802 billion US dollars from 2.977 billion US dollars in the previous quarter. Edge revenue increased to 5.832 billion US dollars from 5.432 billion US dollars, while consumer revenue declined to 397 million US dollars from 556 million US dollars.

GAAP gross margin reached 85.0 percent, compared with 84.6 percent in the prior quarter and 29.8 percent a year earlier. Non-GAAP gross margin was 85.1 percent, up from 84.6 percent in the prior quarter and 29.9 percent in the year-earlier period. The company reported GAAP net income of 8.101 billion US dollars and diluted earnings of 52.60 US dollars per share. Non-GAAP diluted earnings were 49.51 US dollars per share.

Management linked the quarter to demand for its products and stronger growth in the datacenter business. Chief Executive Officer David Goeckeler said the company was executing its strategy through technology leadership, customer partnerships and financial discipline. The reported figures also included a 513 million US dollar net gain on equity securities in GAAP results, an item excluded from the company’s non-GAAP net income.

Guidance and split timetable

For fiscal second-quarter 2027, Sandisk forecast revenue of 12.2 billion to 12.6 billion US dollars. It expects non-GAAP gross margin of 84.5 percent to 85.5 percent and non-GAAP diluted earnings of 55.00 to 57.00 US dollars per share on a pre-split basis. The company said the non-GAAP outlook excludes stock-based compensation and other specified adjustments.

Sandisk also announced an eight-for-one forward stock split. Stockholders of record at the close of business on November 9, 2026, are scheduled to receive seven additional shares for each share held, with the additional shares issued after the market close on November 19. Trading on a split-adjusted basis is expected to begin on November 20. The action changes the number of shares and the per-share price, but not overall market capitalization or ownership percentages.

The company repurchased 3.2 million shares for 5.0 billion US dollars during the quarter. Over the past two fiscal quarters, Sandisk said it bought back 6.0 million shares, equal to about 4 percent of total shares outstanding. Adjusted free cash flow was 5.696 billion US dollars, while operating cash flow reached 6.363 billion US dollars.

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