Sandisk Fiscal First Quarter 2027 Revenue Rises 378% to $11.0 Billion as Datacenter Sales Reach $4.8 Billion; 8-for-1 Stock Split Announced
Sandisk Corporation (Nasdaq: SNDK), the Milpitas, California-based memory chipmaker, on October 29 reported results for its fiscal first quarter ended October 2, 2026: revenue was $11.031 billion, up 23% sequentially and up 378% from $2.308 billion a year earlier. GAAP net income was $8.1 billion, or $52.60 per diluted share on a pre-split basis, and non-GAAP diluted net income per share was $49.51. GAAP gross margin was 85.0%.
By segment, datacenter revenue was $4.802 billion, up 61% sequentially from $2.977 billion and far above $269 million a year earlier, making it the quarter's main growth engine. Edge revenue was $5.832 billion, up 7% sequentially, while consumer revenue fell 29% sequentially to $397 million. The company said robust and growing demand for its products drove outpaced growth in its datacenter business.
On capital returns, Sandisk returned $5.0 billion to stockholders through the repurchase of approximately 3.2 million shares during the quarter; over the past two fiscal quarters it has repurchased 6.0 million shares, representing approximately 4% of total shares outstanding. The company also announced an eight-for-one forward stock split: stockholders of record at the close of business on November 9, 2026 will receive seven additional shares for each share held, issued after market close on November 19, with trading expected to begin on a split-adjusted basis on November 20. The split will not affect the company's overall market capitalization or stockholders' ownership percentages.
'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,' said David Goeckeler, chairman and chief executive officer. 'We are executing on the strategy that we outlined at Investor Day, delivering growing and durable free cash flow through our technology leadership, deep customer partnerships, and disciplined financial management.'
For the fiscal second quarter of 2027, Sandisk expects revenue in the range of $12.2 billion to $12.6 billion, with non-GAAP diluted net income per share, on a pre-split basis, in the range of $55.00 to $57.00. Sandisk is a vertically integrated global semiconductor company dedicated to memory technologies; its enterprise solid-state drives power data center infrastructure, and its products are also used in consumer devices and connected systems at the edge.
Source: GSM · USA (original Chinese edition)
Photo: 图：SanDisk位于加州Milpitas的前总部大楼（资料图）。LPS.1摄，CC0，经Wikimedia Commons。 / The former SanDisk headquarters in Milpitas, California (file photo). Photo by LPS.1, CC0, via Wikimedia Commons.
