8/103 sources · 3 publishersUpdated Nov 2, 15:38 UTC
SanDisk posts record Q1 2027 revenue and EPS, guides to higher Q2 results
SanDisk Corp. reported fiscal Q1 2027 revenue of $11.03 billion, up 23% sequentially and 378% year‑over‑year, with non‑GAAP EPS of $49.51, both beating expectations. Data‑center revenue rose 61% sequentially to $4.8 billion, while consumer revenue fell 29% to $397 million. Management guided Q2 revenue to $12.4 billion and EPS to $56.00, above analyst forecasts.
Why it matters
The earnings beat and upbeat guidance suggest continued top‑line momentum, which analysts expect could lift the stock; the Wall Street consensus price target is $2,029 and the median 12‑month target is $2,167.
Key facts
- 1Q1 revenue was $11.03 billion fxleaders.com
- 2Q1 revenue grew 378% year over year finance.yahoo.com
- 3Non‑GAAP EPS for Q1 was $49.51 fxleaders.com
- 4Data‑center revenue increased 61% sequentially to $4.8 billion fxleaders.com
- 5Consumer revenue declined 29% to $397 million fxleaders.com
- 6Management guided Q2 revenue to $12.4 billion finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.