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Sandisk (SNDK)

Sandisk makes NAND flash memory and SSDs; fiscal Q1 2027 revenue was $11.0B, up 23% from the prior quarter and above its guidance, and it guided to $12.2B to $12.6B for Q2.

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Information and analysis only, not a recommendation to buy, sell or hold any security. The author may own securities discussed.

Researched and drafted with AI agents. Every figure is taken from a source cited on the page.

Analysis and information

What it does

Sandisk makes NAND flash memory and products built on it. It serves three end markets: Datacenter, Edge and Consumer. It separated from Western Digital on 2025-02-21. It makes flash wafers with Kioxia through joint ventures called Flash Ventures, at eight plants in Japan.

Role in the theme

In the Memory and storage theme, Sandisk is the NAND flash maker. Its Datacenter revenue was $4.80B in fiscal Q1 2027, up 61% from the prior quarter.

Latest

  • 2026-10-29 (fiscal Q1 2027 results): Revenue was $11.03B, up 23% from the prior quarter and 378% from a year earlier, above the $10.30B to $10.80B guidance. GAAP gross margin was 85.0%. GAAP net income was $8.10B.
  • 2026-10-29: Non-GAAP diluted earnings per share were $49.51, above the $44.00 to $46.00 guidance. Datacenter revenue was $4.80B, about 44% of the total.
  • 2026-10-29: Sandisk repurchased about 3.2 million shares for $5.0B in the quarter. It announced an eight-for-one stock split, effective 2026-11-19.
  • 2026-10-29: Guidance for fiscal Q2 2027: revenue of $12.2B to $12.6B and non-GAAP earnings per share of $55.00 to $57.00 before the split.
  • 2026-09-09: Sandisk replaced its revolving credit commitments with a $1.5B revolving credit facility that matures on 2031-09-09.

What to watch

  • Fiscal Q2 results against the $12.2B to $12.6B revenue guide.
  • NAND contract prices. TrendForce forecasts overall NAND contract prices up 15-20% in Q4 2026 from Q3.
  • Datacenter share of revenue, about 44% in fiscal Q1.
  • Next report: fiscal Q2 2027, date not yet announced.

Covered in

Sources

Primary means the publisher of the data or the filing; secondary means press or an aggregator.