Sandisk reported October 29 that fiscal first-quarter revenue reached $11.03 billion, up 23% from the preceding quarter, and announced an eight-for-one stock split.
The memory company reported GAAP net income of $8.10 billion, or $52.60 per diluted share. Adjusted earnings were $49.51 per share. The quarter ended October 2.
Datacenter revenue rose 61% sequentially to $4.80 billion. Edge revenue increased 7% to $5.83 billion, while consumer revenue fell 29% to $397 million.
Sandisk repurchased approximately 3.2 million shares for $5 billion during the quarter.
For its second fiscal quarter, the company forecast revenue of $12.2 billion to $12.6 billion and adjusted earnings of $55–$57 per share. All per-share figures in the announcement are on a pre-split basis.
Shareholders of record at the close of November 9 are scheduled to receive seven additional shares per share held after trading closes November 19. Split-adjusted trading is expected November 20.
The company said the split will leave ownership percentages and its overall market capitalization unchanged.
Sources: Sandisk — October 29 Results via Business Wire: https://www.stocktitan.net/news/SNDK/sandisk-reports-fiscal-first-quarter-2027-financial-09bmixnexv1n.html