SanDisk Q1 FY27 net income rises year on year to $8.1 billion
SNDK•SanDisk reported Q1 FY27 net income of $8.1 billion and revenue of $11.03 billion. It forecast Q2 revenue of $12.2 billion to $12.6 billion and announced an eight-for-one stock split effective November 20, 2026.
1. Quarterly results and outlook
SanDisk's Q1 FY27 GAAP net income rose year over year to $8.1 billion, while revenue increased to $11.03 billion. Datacenter revenue climbed 61% from Q4 FY26 to $4.8 billion. The company forecast Q2 FY27 revenue of $12.2 billion to $12.6 billion and GAAP gross margin of 84.4%–85.4%. An eight-for-one forward stock split will take effect for trading on November 20, 2026.
