Sandisk Beats Forecasts With $11.03 Billion in Sales and Announces an 8-for-1 Stock Split

Sandisk reported fiscal first quarter 2027 results on Thursday, October 29, beating Wall Street forecasts on both profit and sales. Non-GAAP earnings were $49.51 per share, beating estimates by $3.10, according to Seeking Alpha, which carried the company release. Revenue was $11.03 billion, beating estimates by $330 million.

What analysts had expected

Sandisk earned an adjusted $49.51 a share on sales of $11.03 billion in the quarter ended October 2, while analysts polled by FactSet had expected earnings of $46.67 a share on sales of $10.72 billion, Investor's Business Daily reported. The two reports put the expected sales figure and the size of the beat in slightly different terms, and both are reported here as their sources stated them.

On a year over year basis, Sandisk sales surged 378 percent, helped by memory chips and storage products for AI data centers, Investor's Business Daily reported. That growth rate is the largest single number in the release, and the company tied it to data center demand rather than to consumer products.

Chairman and chief executive David Goeckeler said: "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," in the official release carried by Business Wire.

The eight for one split

Sandisk announced an eight for one forward stock split, effective November 19, 2026, with split adjusted trading expected to begin November 20, 2026, according to the official release. Stockholders of record as of the close of business on November 9, 2026 will receive seven additional shares for each share held.

In plain terms, a stockholder who holds one share on the record date will hold eight shares after the split takes effect. The split changes the number of shares held. The release does not change the results reported for the quarter, and the company gave its earnings guidance for the next quarter on a pre split basis, which is noted below.

Guidance and the share reaction

For fiscal second quarter 2027, Sandisk guided revenue in the range of $12.2 billion to $12.6 billion, and non-GAAP diluted earnings per share, on a pre split basis, of $55.00 to $57.00, according to the release summarized by Seeking Alpha. Both ends of the revenue guide sit above the $11.03 billion reported for the first quarter.

Sandisk stock rose more than 2 percent in after hours trading to $1,372.83, after falling 5.3 percent in the regular session to close at $1,330.05, Investor's Business Daily reported. The regular session fall came before the results were released, and the after hours rise followed them.