Sandisk Reports Fiscal First Quarter 2027 Financial Results
Business Wire•29/10/2026•16:05 ET
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Key Highlights
- ➤Fiscal Q1 revenue $11.031 billion, up 378% year over year
- ➤GAAP diluted EPS $52.60, up 20% sequentially
- ➤Datacenter revenue $4.802 billion, up 61% sequentially
- ➤Q2 revenue guidance is $12.2 billion to $12.6 billion
- ➤Repurchased approximately 3.2 million shares for $5.0 billion
Expert Statements
David Goeckeler, Chairman and Chief Executive Officer of Sandisk
“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.”
* Fiscal first quarter revenue was $11.0 billion, up 23% sequentially, with GAAP net income reported at $8.1 billion ($52.60 diluted net income per share, up 20% sequentially). First quarter Non-GAAP diluted net income per share was $49.51.
* Returned $5.0 billion to stockholders through the repurchase of approximately 3.2 million shares during the quarter. Over the past two fiscal quarters, repurchased 6.0 million shares, representing approximately 4% of total shares outstanding.
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