AnswersPublished32 sources
Sandisk Q1 2027 Results: Revenue Soared 378% as Data-Center Sales Grew
For fiscal Q1 2027, Sandisk reported $11.031 billion in revenue, up 378% year over year, and $8.101 billion in GAAP net income; adjusted EPS of $49.51 topped the analyst estimates cited in coverage. Data center revenue reached $4.802 billion, up 61% from the previous quarter.
Published byEdited with GPT-6 LunaImages generated with GPT Image 2
Research answer
Key takeaways
- For fiscal Q1 2027, Sandisk reported $11.031 billion in revenue, up 378% year over year, and $8.101 billion in GAAP net income; adjusted EPS of $49.51 topped the analyst estimates cited in coverage.
- Data center revenue reached $4.802 billion, up 61% from the previous quarter. Sandisk guided to $12.2 billion–$12.6 billion in Q2 revenue and announced an eight for one forward stock split.
AI Prompt
openai.comCreate a landscape editorial hero image for this Studio Global article: What did Sandisk report on October 29, 2026, for its fiscal first quarter of 2027 ended October 2—including revenue and year-over-year growt. Article summary: Sandisk reported fiscal Q1 2027 revenue of $11.031 billion and adjusted diluted earnings of $49.51 per share, beating reported analyst estimates, and announced an eight-for-one forward stock split on October 29, 2026. [3. Topic tags: general, general web, user generated. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks, charts with fa
Sandisk’s fiscal first-quarter results showed a sharp year-over-year jump in sales and profit, alongside fast-growing data-center revenue. The company reported $11.031 billion in revenue and $8.101 billion in GAAP net income for the quarter ended October 2, 2026. It also raised its revenue outlook for the next quarter and announced an eight-for-one stock split. 3
5
13
Sandisk’s fiscal Q1 2027 results
Revenue was $11.031 billion, up 378% year over year and 23% sequentially. GAAP net income was $8.101 billion, compared with $112 million a year earlier. GAAP diluted earnings were $52.60 per share; the available source excerpts do not give a comparable year-earlier diluted EPS figure. 3
5
37
On an adjusted, non-GAAP basis, diluted EPS was $49.51. That beat the analyst estimates reported by several outlets, though their estimates differed: figures in the coverage ranged from $46.22 to $47.15 per share. 2
4
7
30
Sandisk reported a GAAP gross margin of 85.0%. It also generated $5.7 billion in adjusted free cash flow and repurchased approximately 3.2 million shares for $5.0 billion during the quarter. 20
36
18
Data-center growth and AI demand
Data-center revenue was $4.802 billion, up 61% quarter over quarter. Coverage linked the growth to demand from hyperscalers and AI infrastructure customers. The supplied evidence does not establish a precise year-over-year growth rate for this business. 6
8
Reports also described rising AI-related storage demand as a tailwind for Sandisk’s NAND business. That supports the broad demand story, but the available excerpts do not quantify how constrained memory supply affected quarterly revenue or pricing. 8
29
CEO David Goeckeler described the start of fiscal 2027 as “another strong quarter.” Company commentary also pointed to long-term customer partnerships, though the excerpts do not provide a detailed, quantified forecast for data-center expansion. 8
14
Fiscal Q2 outlook
For fiscal Q2, Sandisk forecast $12.2 billion to $12.6 billion in revenue, $55 to $57 in non-GAAP diluted EPS on a pre-split basis, and 84.5% to 85.5% non-GAAP gross margin. 11
13
The revenue guidance midpoint is $12.4 billion. Analyst revenue comparisons varied across reports, with cited estimates around $12.23 billion to $12.29 billion; one source cited a higher $12.5 billion estimate. The midpoint is above the lower estimates and close to that higher figure, so comparisons depend on which consensus measure is used. 30
31
39
Eight-for-one stock split: dates and terms
Sandisk’s board approved an eight-for-one forward split on October 29, 2026. Each share held by a stockholder of record as of November 9 is to receive seven additional shares. The additional shares were scheduled for issuance after market close on November 19, with split-adjusted trading expected to begin November 20. The company said the split was intended to make shares more accessible, including to employees through its employee stock purchase plan. 3
5
13
43
How shares moved around the report
Coverage described a decline of about 5% to 6% before the results, with reports also differing on the after-hours move. Some accounts said shares rose in extended trading after the earnings and guidance beats; others reported a decline. These accounts may reflect different snapshots of trading, so the available reports do not support one definitive after-hours percentage. 6
29
39
44
46
48
The earnings beat did not prevent a subsequent pullback: Investing.com reported Sandisk shares down 12.75% at 12:47 p.m. EDT on October 30 and characterized the EPS beat as the smallest percentage beat of the previous four quarters. That timing gives context to the post-results reaction but does not establish investors’ reasons for selling. 31
Studio Global AI
Continue your research
This page includes a source-backed answer you can continue inside Studio Global.
People also ask
What is the short answer to "Sandisk Q1 2027 Results: Revenue Soared 378% as Data-Center Sales Grew"?
For fiscal Q1 2027, Sandisk reported $11.031 billion in revenue, up 378% year over year, and $8.101 billion in GAAP net income; adjusted EPS of $49.51 topped the analyst estimates cited in coverage.
What are the key points to validate first?
For fiscal Q1 2027, Sandisk reported $11.031 billion in revenue, up 378% year over year, and $8.101 billion in GAAP net income; adjusted EPS of $49.51 topped the analyst estimates cited in coverage. Data center revenue reached $4.802 billion, up 61% from the previous quarter. Sandisk guided to $12.2 billion–$12.6 billion in Q2 revenue and announced an eight for one forward stock split.
Sources
last10k.comSandisk Corp (SNDK) 8-K Earnings Release, Other Events - Oct 2026
stocktitan.netSandisk Q1 revenue jumps 378%; approves 8-for-1 split
sandisk.comSandisk Reports Fiscal First Quarter 2027 Financial Results | Sandisk