PANews
PANews|Oct 29, 2026 21:34
[SanDisk's Q1 Revenue Up 378% YoY, Announces 8-for-1 Stock Split] According to SanDisk's (SNDK) official financial report, its revenue for the first quarter of fiscal year 2027 (ending October 2) was $11.031 billion, a 378% year-over-year increase and a 23% sequential increase; of which, data center revenue was $4.802 billion, a 61% sequential increase. GAAP net income was $8.101 billion, with diluted earnings per share of $52.60 (before the stock split). The company expects second-quarter revenue to be between $12.2 billion and $12.6 billion. SanDisk also announced an 8-for-1 stock split, with the record date on November 9, and the adjusted shares expected to begin trading on November 20.
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