Sandisk Reports Fiscal First Quarter 2027 Financial Results
Sandisk reported fiscal Q1 2027 revenue of $11.03 billion, up 23% sequentially and 378% year-over-year, with GAAP net income of $8.1 billion and diluted EPS of $52.60. Datacenter revenue surged 61% sequentially to $4.8 billion on AI-driven demand, gross margin held at 85%, and adjusted free cash flow was $5.7 billion. The company repurchased $5.0 billion of stock and announced an eight-for-one forward split effective November 19, 2026.
Key figures
- Eps
- 52.6
- Revenue
- 11031000000
- Guidance
- Q2 FY27 revenue $12.2B-$12.6B; Non-GAAP diluted EPS $55.00-$57.00 pre-split; gross margin 84.4%-85.4% GAAP
- Revenue Yoy
- up 378%
- Fcf
- 6309000000
- Nongaap eps
- 49.51
- Revenue qoq
- up 23%
- Adjusted fcf
- 5696000000
- Edge revenue
- 5832000000
- Buyback amount
- 5000000000
- Gaap net income
- 8101000000
- Consumer revenue
- 397000000
- Operating income
- 8780000000
- Gross margin gaap
- 85.0%
- Stock split ratio
- 8-for-1 forward
- Datacenter revenue
- 4802000000
- Shares repurchased
- approximately 3.2 million
- Stock split effective
- November 19, 2026
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