Sandisk Corp (SNDK) Form 10-Q — Oct 30, 2026
Sandisk's fiscal Q1 2027 results show an explosive quarter: revenue of $11.03 billion, up 378% year-over-year, with net income of $8.1 billion ($52.60 diluted EPS) versus $112 million a year ago. Datacenter revenue grew 1,685% on AI-driven demand, gross margin hit roughly 85%, and operating cash flow reached $6.4 billion. The company disclosed an 8-for-1 forward stock split approved October 29, 2026, with shares trading split-adjusted from November 20, 2026, and repurchased $5.0 billion of stock during the quarter under a $20 billion total buyback authorization with $10.5 billion remaining.
Key figures
- Eps
- 52.6
- Revenue
- 11031000000
- Net Income
- 8101000000
- Revenue Yoy
- +378%
- Total Assets
- 25793000000
- Cash Position
- 5136000000
- Shares Outstanding
- 142289365
- Edge Revenue
- $5,832 million (+320% YoY)
- Gross Profit
- $9,378 million (85.0% gross margin, up ~5,500 bps YoY)
- Buyback Quarter
- $5.0 billion (~3.15 million shares)
- Consumer Revenue
- $397 million (-39% YoY)
- Operating Income
- $8,780 million
- Stock Split Ratio
- 8-for-1 forward split, trading post-split from November 20, 2026
- Effective Tax Rate
- 13%
- Prior Year Revenue
- $2,308 million
- Datacenter Revenue
- $4,802 million (+1,685% YoY)
- Operating Cash Flow
- $6,363 million
- Prior Year Net Income
- $112 million
- Buyback Authorization
- $20.0 billion total ($6.0B + $14.0B); $10.5 billion remaining
- Remaining Performance Obligations
- $88.9 billion (NBM long-term agreements)
AI analysis
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