Sandisk | 8-K: FY2027 Q1 Revenue: USD 11.03 B

Revenue: As of FY2027 Q1, the actual value is USD 11.03 B, compared to the market estimate of USD 10.7 B.

EPS: As of FY2027 Q1, the actual value is USD 52.6, compared to the market estimate of USD 47.1525.

EBIT: As of FY2027 Q1, the actual value is USD 8.731 B.

Overall Financial Performance (Q1 2027)

Sandisk Corporation reported fiscal first quarter 2027 revenue of $11.0 billion, a 23% sequential increase and a 378% year-over-year (Y/Y) increase from Q1 2026 . GAAP net income was $8.1 billion, and GAAP diluted net income per share was $52.60, representing a 20% sequential increase . Non-GAAP diluted net income per share stood at $49.51 .

Operational Metrics

Sandisk Corporation’s Board of Directors approved an eight-for-one forward stock split of its common stock, increasing the number of authorized shares from 450 million to 3.6 billion . Stockholders of record as of November 9, 2026, will receive seven additional shares for each share held, issued after market close on November 19, 2026 . Post-split trading under “SNDK” is expected to begin on November 20, 2026 .

GAAP Financial Highlights (Q1 2027)

Revenue: $11,031 million, up 23% sequentially from $8,965 million in Q4 2026, and up 378% Y/Y from $2,308 million in Q1 2026 .
Gross Margin: 85.0%, up 0.4 percentage points (ppt) sequentially from 84.6% in Q4 2026, and up 55.2 ppt Y/Y from 29.8% in Q1 2026 .
Operating Expenses: $598 million, up 10% sequentially from $545 million in Q4 2026, and up 17% Y/Y from $511 million in Q1 2026 .
Operating Income: $8,780 million, up 25% sequentially from $7,037 million in Q4 2026 .
Net Income: $8,101 million, up 17% sequentially from $6,903 million in Q4 2026 .

Non-GAAP Financial Highlights (Q1 2027)

Gross Margin: 85.1%, up 0.5 ppt sequentially from 84.6% in Q4 2026, and up 55.2 ppt Y/Y from 29.9% in Q1 2026 .
Operating Expenses: $513 million, up 6% sequentially from $484 million in Q4 2026, and up 15% Y/Y from $446 million in Q1 2026 .
Operating Income: $8,871 million, up 25% sequentially from $7,104 million in Q4 2026 .
Net Income: $7,624 million, up 24% sequentially from $6,162 million in Q4 2026 .

Segment Revenue (Q1 2027)

Datacenter: $4,802 million, up 61% sequentially .
Edge: $5,832 million, up 7% sequentially and up 320% Y/Y compared to $1,387 million in Q1 2026 .
Consumer: $397 million, down 29% sequentially and down 39% Y/Y compared to $652 million in Q1 2026 .
Total Revenue: $11,031 million .

Cash Flow (Three Months Ended October 2, 2026)

Net cash provided by operating activities: $6,363 million, compared to $488 million in the prior year period .
Purchases of property, plant and equipment: - $54 million .
Free cash flow: $6,309 million, compared to $438 million in the prior year period .
Adjusted free cash flow: $5,696 million, compared to $448 million in the prior year period .
Operating cash flow margin: 57.7% .
Adjusted free cash flow margin: 51.6% .
Repurchases of common stock: - $5,000 million .

Outlook / Guidance

Sandisk Corporation anticipates fiscal second quarter 2027 revenue to range from $12.2 billion to $12.6 billion . Non-GAAP diluted net income per share on a pre-split basis is projected to be between $55.00 and $57.00 . The company also expects GAAP gross margin between 84.4% and 85.4%, and Non-GAAP gross margin between 84.5% and 85.5% . Management’s expectations regarding the stock split’s timing and impact are forward-looking and subject to risks like legal or regulatory delays .