SNDK stock: Sandisk beats estimates, sets 8-for-1 split

What happened. Sandisk published its fiscal first quarter 2027 results on 29 October, after the US market closed. The quarter ended on 2 October. Revenue was $11.03 billion, up 23% from the previous quarter and up 378% from $2.31 billion a year earlier. Net income under US GAAP rules was $8.10 billion. Adjusted (non-GAAP) earnings were $49.51 per share. Analysts quoted by Seeking Alpha had expected $46.67 per share and about $10.7 billion in revenue.

Where the money came from. Data center sales were $4.80 billion, up 61% from the quarter before. Edge sales (devices such as phones and PCs) were $5.83 billion, up 7%. Consumer sales, such as memory cards, fell 29% to $397 million. Gross margin, the share of sales left after the cost of making the chips, was 85.0% under GAAP, against 29.8% a year earlier. CEO David Goeckeler said demand for the company's products is "robust and growing" and is driving faster growth in the data center business.

The split. Sandisk will split its stock eight for one to make it more accessible, including to employees through its stock purchase plan. Stockholders of record at the close on 9 November receive seven more shares for each share they hold. The new shares are issued after the market closes on 19 November, and trading on a split-adjusted basis is expected to begin at the open on 20 November. The company says its total market value and everyone's ownership percentage do not change. Think of cutting a pizza into more slices: the pizza stays the same size.

Why the shares moved both ways. The stock closed at $1,330.05, down 5.32%, just before the release. In extended trading, Seeking Alpha reported a 3% rise at one point, while Yahoo Finance later showed a drop of 3.31%. We could not find one agreed number, and these prices change every minute. The split itself does not change the company's total value.

What comes next. For the fiscal second quarter Sandisk expects revenue of $12.2 billion to $12.6 billion and adjusted earnings of $55.00 to $57.00 per share, on the pre-split share count. In the quarter it also spent $5.0 billion to buy back about 3.2 million of its own shares. This is a report on what the company said, not a view on the price.

Fatos confirmados

• Sandisk reported fiscal first quarter 2027 revenue of $11,031 million, up 23% from the previous quarter and up 378% from $2,308 million a year earlier.^[1]
• GAAP net income was $8,101 million, GAAP diluted earnings were $52.60 per share, and non-GAAP diluted earnings were $49.51 per share.^[1]
• Gross margin was 85.0% (GAAP) and 85.1% (non-GAAP), against 29.8% and 29.9% a year earlier.^[1]
• Datacenter revenue was $4,802 million, Edge $5,832 million and Consumer $397 million.^[1]
• Datacenter revenue rose 61% from the previous quarter, Edge rose 7%, and Consumer fell 29%.^[4]
• CEO David Goeckeler said demand for the company's products is "robust and growing", driving outpaced growth in its data center business.^[1]
• Sandisk announced an eight-for-one forward stock split. Holders of record at the close on 9 November 2026 receive seven additional shares per share, issued after the market close on 19 November. Trading on a split-adjusted basis is expected to begin at the open on 20 November 2026.^[1]
• The company says its overall market capitalization and stockholder ownership percentages will not be affected by the split.^[1]
• For the fiscal second quarter Sandisk expects revenue of $12.2 billion to $12.6 billion and non-GAAP diluted earnings of $55.00 to $57.00 per share on a pre-split basis.^[1]
• Sandisk returned $5.0 billion to stockholders by repurchasing about 3.2 million shares in the quarter.^[1]
• Analysts had expected adjusted earnings of $46.67 per share on $10.72 billion in revenue.^[3]
• Yahoo Finance showed a close of $1,330.05, down 5.32%, and a drop of 3.31% in after-hours trading at 6:07 PM EDT.^[2]
• Seeking Alpha reported that shares rose 3% in extended trading after erasing initial losses.^[3]

Implicações

• ConfirmadoThe split is confirmed by the company: the share count rises eightfold and the per-share price adjusts, while market value and ownership percentages stay the same.
• Nossa leituraData center demand for flash is now the main growth driver in Sandisk's numbers.
• Nossa leituraA good report does not guarantee a rise in the share price.

Ainda não se sabe

• How the shares will trade on 30 October and after the split on 20 November.
• How much of the revenue growth came from higher prices and how much from more shipped flash; the release does not split it.
• Whether Sandisk can keep an 85% gross margin in coming quarters.

Quem é afetado

Global. Anyone following SNDK stock, memory makers or AI hardware, in any country

Fontes

1. Sandisk Investor Relations: Sandisk Reports Fiscal First Quarter 2027 Financial Results 29 de outubro de 2026 · oficial
2. Yahoo Finance: Earnings live updates: Sandisk posts solid earnings, announces 8-for-1 stock split 29 de outubro de 2026 · mídia
3. Seeking Alpha: Sandisk perks up as storage strength boosts Q1 results, guidance; unveils 8-1 stock split 29 de outubro de 2026 · mídia
4. Investing.com: Sandisk tops Q1 estimates and guides higher, sets 8-for-1 stock split 29 de outubro de 2026 · mídia