SanDisk Reports Fiscal First Quarter 2027 Financial Results and Announces Stock Split

SanDisk reported fiscal first-quarter 2027 revenue of $11.0 billion, up 23% sequentially, and GAAP net income of $8.1 billion, or $52.60 per diluted share. Non-GAAP diluted earnings per share were $49.51, above analyst expectations of $46.67, with the company citing strong data-center demand. SanDisk forecast second-quarter revenue of $12.2 billion to $12.6 billion and said it repurchased $5.0 billion of shares during the quarter. It also announced an eight-for-one forward stock split effective November 19, 2026.