Sandisk announced an eight-for-one stock split alongside fiscal first-quarter 2027 revenue of $11.03 billion and adjusted earnings of $49.51 per share. Split-adjusted trading is expected to begin on November 20. Data center revenue rose 61% from the preceding quarter, while management’s next-quarter earnings forecast remains on a pre-split basis. The company also repurchased $5 billion of shares.
Sandisk, a memory semiconductor company, announced an eight-for-one stock split alongside its fiscal first-quarter 2027 results on October 29. Holders registered at the November 9 close are scheduled to receive seven additional shares for each share held after the November 19 market close. Split-adjusted trading is expected to begin on November 20. The split leaves ownership percentages unchanged.[1]
First-quarter revenue reached $11.03 billion and adjusted diluted earnings were $49.51 per share. The company’s official comparison put revenue growth at 23% from the preceding quarter and 378% from a year earlier. Reported net income was $8.1 billion. Data center revenue rose 61% sequentially to $4.802 billion, while consumer revenue fell 29% to $397 million.[1], [2]
Management forecast fiscal second-quarter revenue of $12.2 billion to $12.6 billion and adjusted diluted earnings of $55 to $57 per share. All per-share figures in the release, including this forecast, use the pre-split basis. Sandisk also repurchased approximately 3.2 million shares for $5 billion during the quarter. Across two quarters, repurchases totaled 6 million shares, approximately 4% of outstanding stock.[1]
