Sandisk Corporation: Beat — EPS $49.51, Revenue $11.03B
Earnings BeatQ1 2027 · After-market
Did Sandisk Corporation (SNDK) beat earnings today?
Yes, Sandisk Corporation (SNDK) beat Wall Street analyst expectations for Q1 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+6.68% surprise
$49.51Actual
Expected: $46.41
vs. year ago +3958.2%
Total Revenue+3.09% surprise
$11.03BActual
Expected: $10.7B
vs. year ago +378.0%
Released Oct 29 · 4:05 PM ET
Earning Report
| Metric | Q1 2027 | Q1 2026 | YoY Change % |
|---|---|---|---|
| Revenue | $11.03B | $2.31B | +378.0% |
| Revenue detail — reported lines | |||
| └─Datacenter | $4.80B | $269.00M | - |
| └─Edge | $5.83B | $1.39B | +320.0% |
| └─Consumer | $397.00M | $652.00M | -39.0% |
| Net Income | $8.10B | $112.00M | - |
| GAAP Diluted EPS | $52.60 | $0.75 | - |
| Non-GAAP Diluted EPS | $49.51 | $1.22 | - |
Financial Outlook / Guidance
| Metric | Q2 2027 Outlook | Full Year Outlook |
|---|---|---|
| Revenue | $12,200M-$12,600M | — |
| GAAP Gross Margin | 84.4%-85.4% | — |
| Non-GAAP Gross Margin | 84.5%-85.5% | — |
| GAAP Operating Expenses | $677M-$745M | — |
| Non-GAAP Operating Expenses | $540M-$560M | — |
| Non-GAAP Diluted Net Income Per Share | $55.00-$57.00 | — |
| Diluted Shares Outstanding | ~151 | — |
Business Highlights
- ➤Returned $5.0B to stockholders through repurchasing approximately 3.2M shares.
- ➤Repurchased 6.0M shares over two fiscal quarters, approximately 4% of shares outstanding.
- ➤Announced an eight-for-one forward stock split effective November 19, 2026.
- ➤Stock split is intended to make shares more accessible, including through the employee stock purchase plan.
- ➤Post-split adjusted trading is expected to begin November 20, 2026.
- ➤Management cited robust, growing product demand and outpaced data-center business growth.
- ➤Sandisk highlighted technology leadership, deep customer partnerships, and disciplined financial management.
- ➤Company designs and manufactures memory solutions for AI infrastructure, consumer devices, and connected edge systems.
Management Commentary
David Goeckeler, Chairman and Chief Executive Officer
“We have started fiscal year 2027 with another quarter of strong performance, with robust and growing demand for our products driving outpaced growth in our data center business. We are executing on the strategy that we outlined at Investor Day, delivering growing and durable free cash flow through our technology leadership, deep customer partnerships, and disciplined financial management.”