SanDisk Q1 Revenue Up 378% YoY, Announces 8-for-1 Stock Split

October 30 — According to SanDisk's (SNDK) official financial report, its first quarter of fiscal year 2027 (ended October 2) revenue was $11.031 billion, up 378% year-over-year and 23% quarter-over-quarter; data center business revenue was $4.802 billion, up 61% quarter-over-quarter. GAAP net income was $8.101 billion, with diluted earnings per share of $52.60 (pre-split). The company expects second-quarter revenue of $12.2 billion to $12.6 billion. SanDisk also announced an 8-for-1 stock split, with a record date of November 9, and split-adjusted shares are expected to begin trading at the open on November 20.