SanDisk announced its Q1 FY2027 financial results, reporting revenue of $11 billion and announcing an 8-for-1 stock split.

SanDisk reported revenue of $11 billion for its first fiscal quarter of 2027, a 23% increase sequentially and approximately 378% year-over-year. Non-GAAP diluted earnings per share were $49.51, with an adjusted gross margin of approximately 85.1%. The company repurchased 3.2 million shares during the quarter, costing $5 billion. The company projects second-quarter revenue of $12.2 billion to $12.6 billion and announced an 8-for-1 stock split, with a record date of November 9th and trading at the post-split price commencing on November 20th. According to BIT stock platform data, SanDisk (SNDK) closed down 5.32% and then fell another 3.77% at the close.