[SanDisk Reports Q1 2027 Financial Results: Revenue Reaches $11 Billion, Up 23% QoQ, Announces 8-for-1 Stock Split] BlockBeats reports that on October 30th, SanDisk announced its first fiscal quarter 2027 results, with revenue of approximately $11 billion, representing a 23% increase quarter-over-quarter and a 378% increase year-over-year. Non-GAAP diluted earnings per share were $49.51, and adjusted gross margin was approximately 85.1%. The company repurchased approximately 3.2 million shares during the quarter, costing approximately $5 billion. The company stated that strong demand related to data centers drove business growth. The company expects second-quarter revenue of $12.2 billion to $12.6 billion, and non-GAAP diluted earnings per share of $55 to $57 before the stock split. The company also announced an 8-for-1 positive stock split, with the record date on November 9th. Additional shares will be distributed to shareholders after the market closes on November 19th, and trading is expected to commence at the post-split price from the opening of the market on November 20th. According to data from the BIT stock platform, SanDisk (SNDK) closed down 5.32%, and then fell another 3.77% at the close.