Sandisk Corp. (SNDK) said Oct. 29 that fiscal first-quarter revenue jumped 378% from a year earlier to $11.0 billion on gains in data center and edge sales, and announced an eight-for-one stock split. The memory company expects second-quarter revenue of $12.2 billion to $12.6 billion.
Key points
Data center revenue rose 61% from the prior quarter to $4.8 billion.
Sandisk bought back $5.0 billion of its stock in the quarter.
What were Sandisk's fiscal Q1 2027 earnings?
Revenue in the quarter, which ended Oct. 2, was $11.0 billion, up 23% from $8.97 billion in the prior quarter. Data center revenue rose $4.5 billion from a year earlier to $4.8 billion, and edge revenue rose $4.4 billion to $5.8 billion. Data center sales made up about 44% of the total. Consumer revenue fell 39% from a year earlier.
Gross margin widened to 85.0% from 29.8% a year earlier.
Net income rose to $8.1 billion from $112 million. Earnings per share were $52.60, up from $0.75. Adjusted earnings, which exclude items including stock-based compensation and a $513 million gain on equity securities, were $49.51 a share, up from $1.22. Per-share figures are before the split.
Free cash flow was $6.3 billion, and the company repurchased about 3.2 million shares.
Chief Executive David Goeckeler said in the earnings release, "We have started fiscal year 2027 with another quarter of strong performance, with robust and growing demand for our products driving outpaced growth in our data center business."
Sandisk's outlook for the second quarter
Sandisk expects second-quarter revenue of $12.2 billion to $12.6 billion. The $12.4 billion midpoint would be about 12% above first-quarter revenue. Sandisk expects adjusted earnings per share of $55.00 to $57.00 before the split.
When is the Sandisk stock split?
Shareholders of record on Nov. 9 will receive seven additional shares for each share held. The split takes effect Nov. 19, when the new shares are issued after the market close. Shares are expected to start trading on a split-adjusted basis on Nov. 20. To see what is coming up for your own stocks, preview earnings for what you own.
Sources: Sandisk, fiscal first-quarter 2027 earnings release, Oct. 29, 2026, fiscal fourth-quarter 2026 earnings release, Aug. 5, 2026, fiscal third-quarter 2026 earnings release, April 30, 2026, and fiscal second-quarter 2026 earnings release, Jan. 29, 2026. Data center and edge revenue increases, data center share and guidance midpoint calculated by Silvia News.
Silvia News is for information only and is not investment advice.
