Sandisk Reports Massive Q1 Beat Driven by Data‑Center Demand and Announces 8‑for‑1 Split

Overview

• Sandisk reported fiscal Q1 2027 revenue of $11.03 billion and adjusted EPS of $49.51, beating consensus and marking a sharp jump from prior quarters after the company released results Thursday.
• The data-center business led growth with $4.802 billion in revenue, up 61% sequentially, while Edge revenue rose to $5.832 billion and Consumer revenue fell to $397 million.
• The board approved an eight-for-one forward stock split and the company repurchased about 3.2 million shares for $5 billion this quarter, continuing a two-quarter buyback program that totaled roughly six million shares.
• Management guided Q2 revenue to $12.2 billion–$12.6 billion and non-GAAP EPS to $55.00–$57.00, but the stock fell about 5% on the report and some analysts trimmed price targets over concerns about valuation and durability.
• Markets will watch whether future margin strength comes from sustained volume from AI customers or from one-off pricing moves, and investors should track next quarter’s data-center volumes, Edge trends and the weak consumer business for signs the gains can continue.