SanDisk Corp. (NASDAQ:SNDK) posted its first-quarter fiscal 2027 results after Thursday’s closing bell, beating analyst estimates on the top and bottom lines. Here’s a look at the details inside the report.
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SanDisk Q1 Details
SanDisk reported quarterly earnings of $49.51 per share, which beat the Street estimate of $46.22 by 7.12%, per Benzinga Pro data.
Quarterly revenue clocked in at $11.03 billion, which beat the consensus estimate of $10.64 billion and was up from $2.31 billion in the same period last year.
The company also announced an eight-for-one forward stock split effective Nov. 19, 2026.
“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,” said CEO David Goeckeler.
“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,” he added.
Looking Ahead
SanDisk expects second-quarter adjusted EPS of $55 to $57, versus the $53.19 analyst estimate, and revenue in a range of $12.2 billion to $12.6 billion, versus the $12.18 billion estimate.
SNDK Stock Price: According to data from Benzinga Pro, SanDisk stock was up 2.42% to $1,362.20 in Thursday’s extended trading.
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