SanDisk posted first-quarter fiscal 2027 revenue of $11.03 billion and adjusted earnings of $49.51 per share, beating Wall Street estimates. Alongside the financial results on Oct. 29, 2026, memory-chip maker SanDisk announced an eight-for-one stock split scheduled for November.
SanDisk Posts Fiscal Q1 Beat And Announces Eight-For-One Stock Split
Quarterly revenue reached $11.03 billion, outperforming the analyst consensus estimate of $10.64 billion and marking an increase from $2.31 billion during the same period in the previous year. Following the report, SanDisk stock rose 2.42% to $1,362.20 in extended trading.
Memory-chip maker SanDisk reported its first-quarter fiscal 2027 financial results after the closing bell, topping analyst expectations across the top and bottom lines according to Benzinga Pro data. The Milpitas, California-based company earned an adjusted $49.51 per share for the quarter ended Oct. 2, 2026 as reported by Investor’s Business Daily, beating the Street consensus estimate of $46.22. Alongside the earnings beat, the company revealed plans for an eight-for-one forward stock split effective Nov. 19, 2026.
We have started fiscal year 2027 with another quarter of strong performance, with robust and growing demand for our products driving outpaced growth in our data center business.
David Goeckeler, CEO
SanDisk Reports Strong Data Center Demand And Forward Guidance
Looking ahead to the second quarter, SanDisk expects adjusted earnings per share of $55 to $57, beating the analyst estimate of $53.19. Projected revenue is pegged in a range of $12.2 billion to $12.6 billion, compared to the consensus estimate of $12.18 billion according to market data.
CEO David Goeckeler credited execution on strategic priorities outlined during Investor Day for delivering growing and durable free cash flow through technology leadership, deep customer partnerships, and disciplined financial management.
Semiconductor Market Context Surrounding The Earnings Release
SanDisk’s report arrived following record results from South Korean rival SK Hynix, which reported that NAND prices rose in the mid-20% range quarter over quarter and that supply shortages could last through 2030.
Prior to the release, SanDisk shares traded near $1,354.03 following an intraday pullback noted by 247Wallst, remaining significantly below the record close of $2,335 reached on June 25, 2026.
SanDisk Reported Substantial Earnings Beats over Preceding Quarters
Over preceding quarters, SanDisk delivered substantial earnings beats, reporting a 17.94% EPS surprise in the fourth quarter of fiscal 2026, a 59.67% surprise in the third quarter, a 74.97% surprise in the second quarter, and a 37.08% surprise in the first quarter of fiscal 2026. Market analysis shows that shares averaged a 15.7% swing in the week following earnings over the past year.