Sandisk Corp (SNDK) Form 8-K — Oct 29, 2026
$SNDKForm 8-KItems 2.02, 8.01, 9.01Filed Oct 29, 2026, 4:13 PM ET0001628280-26-068243Original filing
Sandisk reported fiscal Q1 2027 revenue of $11.0 billion, up 23% sequentially and up 378% year over year, with GAAP net income of $8.1 billion and diluted EPS of $52.60. The board also approved an eight-for-one forward stock split: holders of record on November 9, 2026 receive seven additional shares per share, issued after close on November 19, with split-adjusted trading beginning November 20 under the existing ticker SNDK.
Key figures
- Eps
- $52.60 GAAP diluted; $49.51 non-GAAP diluted (pre-split)
- Revenue
- 11031000000
- Guidance
- Q2 FY2027 revenue $12.2B-$12.6B; non-GAAP diluted EPS $55.00-$57.00 pre-split; gross margin 84.4%-85.4% GAAP
- Net Income
- 8101000000
- Revenue Yoy
- up 378%
- Total Assets
- 25793000000
- Cash Position
- 5136000000
- Free cash flow
- 6309000000
- Buyback quarter
- $5.0 billion repurchased (~3.2 million shares)
- Gross margin gaap
- 85.0%
- Split record date
- 2026-11-09
- Datacenter revenue
- 4802000000
- Forward split ratio
- 8:1
- Buyback two quarters
- 6.0 million shares, ~4% of shares outstanding
- Split effective date
- 2026-11-19
- Operating income gaap
- 8780000000
- Adjusted free cash flow
- 5696000000
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