Sandisk earnings beat forecasts as data-center growth supports a stronger sales outlook
Earnings results
- EPS beat +4.9%
Adjusted: $49.51 · Consensus: $47.20, before announced split
- Revenue beat +4.3%
Actual: $11.031B · Consensus: $10.58B
- Guidance above revenue consensus
Issued Q2 sales: $12.2–$12.6B · Consensus: $12.0B
Earnings and the stock move
Sandisk’s new fiscal first-quarter results exceeded dated profit and revenue expectations, while its next-quarter sales range is above the dated consensus. Data-center sales grew much faster than the rest of the business, supporting a shift toward enterprise demand. Memory pricing, customer spending and competition can still change margins, so the current profit level should not be assumed permanent.
Q1 FY2027 ended October 2 earnings recap
Sandisk rose 1.4% after hours on October 29 after beating earnings forecasts and projecting further sales growth. Data-center demand is becoming a bigger part of its flash-memory business.
- Adjusted earnings per share, or profit per share, were $49.51 versus the $47.2 forecast, a 4.9% beat. GAAP earnings were $52.6 per share; both figures are before the announced stock split.
- Revenue reached $11.03 billion versus the $10.58 billion forecast, a 4.3% beat. Sales increased 23% from the previous quarter.
- Data-center sales rose 61% from the previous quarter to $4.8 billion. Consumer sales fell 29%, showing that demand is stronger in some markets than others.
- Sandisk issued a next-quarter sales range of $12.2–$12.6 billion, above the $12 billion forecast. It expects adjusted earnings of $55–$57 per share before the split.
- Adjusted gross margin reached 85.1%, meaning that share of sales remained after production costs. The next-quarter range of 84.5%–85.5% points to broadly steady margins.
- An eight-for-one stock split is expected to begin trading on November 20. It gives holders more shares at a proportionally lower price without increasing their ownership percentage or the company’s value.
Watch whether data-center demand and strong margins last through the memory cycle. The October 29 charts show the regular close before results; the next regular session will test the initial advance.
Financials and technicals
Charts through Oct 29, 2026. The session move above may reflect later news.
Technical setup and risks
The completed October 29 charts precede the earnings and stock-split announcements. Holding the initial advance would support buying interest; losing the regular-close level would weaken the reaction. The next regular session will help assess follow-through.
After-hours move is measured versus the same-day regular close AI-assisted research with source and calculation checks. Prices may be delayed. Technical charts use the stated completed session, which can precede the quoted intraday move. Educational information; investing involves risk.
