Sandisk posts record Q1 2027 revenue and announces 8‑for‑1 stock split
Sandisk reported fiscal first‑quarter 2027 revenue of $11.0 billion, up 378% year‑over‑year and 23% sequentially. GAAP net income was $8.1 billion, yielding $52.60 diluted GAAP EPS, while non‑GAAP EPS was $49.51. The company returned $5.0 billion to shareholders via share repurchases and announced an eight‑for‑one forward stock split effective November 19, 2026. It guided Q2 2027 revenue of $12.2 billion‑$12.6 billion and non‑GAAP EPS of $55‑$57.
Why it matters
The $5.0 billion buyback returns cash to investors and may support the share price. The 8‑for‑1 split will increase the number of shares outstanding and could improve liquidity and accessibility for retail investors. The strong Q2 revenue and EPS guidance signals continued growth momentum.
Key facts
- 1Fiscal Q1 2027 revenue was $11.0 billion, up 23% sequentially. sec.gov
- 2Revenue was up 378% year‑over‑year. sec.gov
- 3GAAP net income was $8.1 billion, or $52.60 diluted GAAP EPS, up 20% sequentially. sec.gov
- 4Non‑GAAP diluted EPS was $49.51. sec.gov
- 5Sandisk repurchased approximately 3.2 million shares, returning $5.0 billion to stockholders during the quarter. sec.gov
- 6Announced an eight‑for‑one forward stock split, effective November 19, 2026. sec.gov
Summary written by AlphAI AI Desk from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.