Sandisk's first quarter 2027 revenue of $11.03B beat estimates alongside an 8-for-1 stock split

Sandisk reported fiscal first quarter 2027 revenue of $11.03 billion, surpassing the analyst consensus of $10.64 billion. Non-GAAP EPS reached $49.51, representing a significant beat over the $45.22 estimate. The performance was characterized by record-high margins and explosive demand for AI-related data center infrastructure, leading management to announce a major forward stock split to increase share accessibility.

Key Highlights

• Non-GAAP gross margin expanded to 85.1%, significantly outperforming the 80% target expected by investors.
• Datacenter segment revenue grew 61% sequentially to $4.8 billion, driven by the rapid build-out of enterprise SSD infrastructure for AI.
• The Board approved an eight-for-one forward stock split and returned $5.0 billion to shareholders through the repurchase of 3.2 million shares.