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AI brief of an SEC Form 8-K · Sandisk (SNDK)

Sandisk Reports Q1 Fiscal 2027 Results and Announces Eight-for-One Forward Stock Split

Positive Impact 4 of 5 earnings

Sandisk reported fiscal first quarter revenue of $11.0 billion and GAAP net income of $8.1 billion, driven by strong demand in its data center business. The company also announced an eight-for-one forward stock split effective November 19, 2026, and provided second-quarter revenue guidance between $12.2 billion and $12.6 billion.

Key points

  • Fiscal first quarter revenue reached $11.0 billion, up 23% sequentially.
  • GAAP net income was $8.1 billion, or $52.60 per diluted share.
  • Returned $5.0 billion to stockholders through the repurchase of 3.2 million shares.
  • Announced an eight-for-one forward stock split effective for stockholders of record as of November 9, 2026.

The filing

CompanySandisk (SNDK)
Form8-K, current report
Filed with the SECOct 29, 2026, 4:13 PM ET
Accession number0001628280-26-068243

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Oct 29, 2026, 4:17 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.