❯ Sandisk’s fiscal first-quarter revenue jumps 378% as it announces an eight-for-one split

Data-center demand drives growthSandisk’s fiscal first-quarter 2027 release reported approximately $11 billion of revenue, up 378% year over year and 23% sequentially, above expectations of roughly $10.7 billion. CEO David Goeckeler highlighted strong demand and particularly rapid data-center growth. The fiscal quarter ended October 2, 2026.

AI changes flash supply and pricingSandisk sells enterprise SSDs and flash products used in consumer and edge devices. MarketWatch reported that AI-driven storage demand and tight supply enabled significant price increases. Shipment demand, prices and product mix all contribute to revenue growth.

Further growth and a separate stock splitSandisk expects next-quarter revenue of $12.2 billion to $12.6 billion, with the midpoint slightly above contemporaneous expectations. It also announced an eight-for-one split: shareholders of record on November 9 will receive seven additional shares per share held, with split-adjusted trading expected on November 20. The split lowers the nominal share price without changing ownership percentages or total company value.

▮ SIGNALAI storage demand supports purchasing and pricing power under tight supply, making price and product mix essential to interpreting revenue growth.