Sandisk Corporation (NASDAQ:SNDK) Announces Stock Split After Revenue and Profit Growth

Aditi Sarkar

10 November 2026 02:59 PM AEDT

Sandisk Corporation (NASDAQ:SNDK) Announces Stock Split After Revenue and Profit Growth

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Highlights

Fiscal first-quarter 2027 Revenue increased 23% sequentially to USD 11.0 billion amid data centre storage demand.
GAAP Net Income reached USD 8.1 billion, with Diluted Earnings per Share of USD 52.60.
Sandisk announced an eight-for-one forward share split with post-split trading scheduled to begin November 20.
Second-quarter revenue is projected between USD 12.2 billion and USD 12.6 billion, subject to future performance.

Sandisk Corporation (NASDAQ:SNDK) is advancing its Business through a set of recently disclosed financial and operational developments. Sandisk reported USD 11.031 billion in revenue for its fiscal first quarter of 2027, an increase of 23% from USD 8.965 billion in the previous quarter. The company’s shares closed at USD 886.51 on November 9, 2026, moving +6.16% for the session and carrying an indicated Market Capitalisation of USD 126.14 billion. The latest reporting period and planned next steps present different milestones that require separate consideration.

Revenue and Earnings Open the Fiscal Year

Sandisk reported USD 11.031 billion in revenue for its fiscal first quarter of 2027, an increase of 23% from USD 8.965 billion in the previous quarter. GAAP net income reached USD 8.101 billion and diluted earnings per share were USD 52.60.

GAAP gross Margin increased to 85.0% from 84.6% sequentially. Non-GAAP diluted earnings per share reached USD 49.51, compared with USD 39.25 in the preceding quarter. These are distinct reporting bases and should not be treated interchangeably.

Eight-for-One Split Sets November Timeline

Sandisk announced an eight-for-one forward Stock Split to be effected through a certificate-of-incorporation amendment. Shareholders of record at the November 9 close are scheduled to receive seven additional shares for every existing share after the market closes on November 19.

The company expects post-split adjusted trading to begin on November 20. The split changes the number of shares and per-share presentation, but does not by itself change the total company valuation or the proportionate ownership of individual shareholders.

Repurchases Accompany Operating Performance

Sandisk returned USD 5 billion to shareholders through purchases of approximately 3.2 million shares during the quarter. Across two fiscal quarters, repurchases totalled 6.0 million shares, representing roughly 4% of shares outstanding.

The company linked its operating performance to Demand for storage products and growth in the data centre business. However, the repurchase figures describe completed capital allocation; they do not imply an ongoing commitment to repeat the same amount in future quarters.

Guidance Establishes the Next Reporting Range

For fiscal second-quarter 2027, Sandisk expects revenue of USD 12.2 billion to USD 12.6 billion. It also projected non-GAAP diluted earnings per share of USD 55 to USD 57 on a pre-split basis.

Because the stock split is scheduled after the November 9 price date, the quoted share closing price and management’s per-share guidance relate to the pre-split structure. The completion of the split and the subsequent financial results remain upcoming milestones.

FAQs

Q: What is the latest reported development at Sandisk Corporation?

A: Fiscal first-quarter 2027 revenue increased 23% sequentially to USD 11.0 billion amid data centre storage demand.

Q: What operational or product milestone has the company disclosed?

A: GAAP net income reached USD 8.1 billion, with diluted earnings per share of USD 52.60.

Q: What should readers watch next?

A: Because the stock split is scheduled after the November 9 price date, the quoted share closing price and management’s per-share guidance relate to the pre-split structure. The completion of the split and the subsequent financial results remain upcoming milestones.

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