SanDisk First-quarter revenue rose year over year 378%, announced 1 a 8 stock split

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SanDisk 2027 fiscal year Q1 earnings report: revenue 11000000000 USD quarter-over-quarter increase 23%, announced 8 to 1 stock split

BlockBeats reported that October 30, SanDisk announced 2027 fiscal year first-quarter results, with revenue of approximately 11000000000 USD, up 23%, and approximately 378%. Non-GAAP diluted earnings per share were 49.51 USD, with an adjusted gross margin of approximately 85.1%. During the quarter, the company repurchased approximately 3200000 shares for approximately 5000000000 USD. The company said strong data-center-related demand drove business growth.

The company expects second-quarter revenue of 12200000000 to 12600000000 USD, and pre-split non-GAAP diluted earnings per share of 55 to 57 USD. It also announced a 8-for-1 forward stock split, with the record date being November 9，November 19; additional shares will be distributed to shareholders after the close, and trading at the post-split price is expected to begin at the November 20 open.

According to BIT stock-platform data, SanDisk (SNDK) closed down 5.32%, and fell another 3.77%at the close.

Original link https://m.theblockbeats.info/flash/374477

Key points

BlockBeats said that SanDisk's 2027 fiscal year first-quarter revenue was approximately 11000000000 USD, up quarter over quarter by 23%, and up approximately year over year by 378%。
Non-GAAP diluted earnings per share were 49.51 USD, with an adjusted gross margin of approximately 85.1%。
During the quarter, the company repurchased approximately 3200000 shares for approximately 5000000000 USD。
The company said strong data-center-related demand drove business growth.
The company expects second-quarter revenue of 12200000000 to 12600000000 USD, and pre-split non-GAAP diluted earnings per share of 55 to 57 USD。
The company announced a 8-for-1 forward stock split, with the record date being November 9, and trading at the post-split price is expected to begin at the November 20 open.
According to BIT stock-platform data, SanDisk (SNDK) was described as closing down 5.32%and closing down another 3.77%.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This report also includes disclosed quarterly results, expectations for the following quarter, and the stock-split arrangement. 8-for-1 A forward stock split means that existing shares will be split into more shares according to the announcement; the evidence does not explain the specific impact of the split on the company's value or shareholders' equity.

Why it matters to readers

Revenue, earnings per share, and gross margin reflect the quarter's operating performance, while second-quarter guidance reflects the company's subsequent expectations; the company identified data-center demand as a driver of business growth, and the stock split will change how the per-share price and number of shares are presented.

Beginners can distinguish among types of information: quarterly data that has already been released, the company's forecast for the following quarter, and the stock split as an adjustment to the share structure. Non-GAAP data and company forecasts are not equivalent to audited future results.

Risks and unknowns

The content comes from media reports; the evidence does not include SanDisk's formal financial statements or original announcement, so the relevant data and arrangements still require verification.
Second-quarter revenue and earnings per share are company projections, and the actual results remain uncertain.
“closed down 5.32%, and closed down another 3.77%” does not specify the corresponding time period or market phase, so the meaning of the price performance is unclear.

SanDisk First-quarter revenue rose year over year 378%, announced 1 a 8 stock split

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