SanDisk reports Q1 revenue of $11.03 B, guides Q2 revenue $12.2‑$12.6 B and announces $5 B buyback and 8‑for‑1 split
SanDisk posted fiscal Q1 2027 revenue of $11.03 billion and non‑GAAP earnings of $49.51 per share, beating expectations. The company guided Q2 revenue of $12.2‑$12.6 billion and pre‑split EPS of $55‑$57. It also disclosed a $5 billion share‑repurchase program and an 8‑for‑1 stock split effective 20 November. The results sent the shares down about 10‑13% on the day.
Why it matters
The guidance implies roughly 12% sequential revenue growth, setting expectations for the next quarter. The $5 billion buyback and upcoming split may affect cash flow and share count, but the stock price decline reflects investor concern over slowing sequential growth and flat margin outlook.
Key facts
- 1Fiscal Q1 2027 revenue was $11.03 billion. finance.yahoo.com
- 2Non‑GAAP EPS for Q1 was $49.51 per share. financefeeds.com
- 3Guidance for fiscal Q2 revenue is $12.2‑$12.6 billion. finance.yahoo.com
- 4Guidance for pre‑split EPS for Q2 is $55‑$57 per share. finance.yahoo.com
- 5SanDisk announced a $5 billion share‑repurchase program. finance.yahoo.com
- 6An 8‑for‑1 stock split is scheduled with split‑adjusted trading to begin on 20 November. financefeeds.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.