secwatch.observer — SEC 8-K summary
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Issuer:     Sandisk Corp (SNDK)
CIK:        0002023554
Form:       8-K
Filed at:   2026-10-29T20:13:53+00:00
Accession:  0001628280-26-068243
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2023554/000162828026068243/0001628280-26-068243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2023554/000162828026068243/sndk-20261029.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-068243

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