Sandisk Q1 revenue $11.0B, up 378% YoY; GAAP EPS $52.60; 8-for-1 split and $12.2-12.6B Q2 guide

Sandisk Corp

• Revenue $11.03B, up 23% QoQ and 378% YoY; GAAP net income $8.10B ($52.60 diluted EPS), non-GAAP EPS $49.51 (+26% QoQ); GAAP gross margin 85.0%.
• Datacenter revenue $4.80B, up 61% QoQ from $2.98B; Edge $5.83B (+7% QoQ, +320% YoY); Consumer $397M, down 29% QoQ and 39% YoY.
• Returned $5.0B to stockholders buying back ~3.2M shares in the quarter; 6.0M shares repurchased over two quarters, about 4% of shares outstanding.
• Board approved 8-for-1 forward split: record date Nov 9, 2026, shares issued after close Nov 19, post-split trading Nov 20; authorized shares rise to 3.6B from 450M.
• Q2 2027 outlook: revenue $12.2-12.6B, non-GAAP EPS $55.00-$57.00 pre-split, non-GAAP gross margin 84.5%-85.5%, ~151M diluted shares.