The Datacenter segment is the primary growth driver, with revenue nearly tripling sequentially. The raised guidance for Q2 2027 suggests continued momentum. Monitor the Q2 2027 earnings call for updates on New Business Model (NBM) agreement signings and any impact from trade policy or tariff changes.
Price Chart
Executive Summary
Sandisk reported Q1 2027 revenue of $11.03B (up 23% sequentially and 378% YoY) and Non-GAAP EPS of $49.51, beating consensus estimates of $10.70B and $46.41. Datacenter revenue surged 61% sequentially to $4.8B. The company guided Q2 2027 revenue to $12.2-$12.6B and Non-GAAP EPS to $55.00-$57.00, both above consensus. Additionally, the board approved an 8-for-1 forward stock split effective November 19, 2026.
Key Financial Metrics
Key Facts
- Q1 2027 revenue of $11.03B, up 23% sequentially and 378% YoY, above the $10.70B consensus
- Non-GAAP diluted EPS of $49.51, above the $46.41 consensus
- Datacenter revenue of $4.8B, up 61% sequentially and 1,685% YoY
- GAAP gross margin of 85.0%, up 55.2 ppt YoY; Non-GAAP gross margin of 85.1%
- Q2 2027 guidance: revenue $12.2-$12.6B (above $10.70B consensus) and Non-GAAP EPS $55.00-$57.00 (above $46.41 consensus)
- Returned $5.0B to stockholders via share repurchases of 3.2M shares in the quarter
- Announced an 8-for-1 forward stock split effective November 19, 2026
- Operating cash flow of $6.36B and adjusted free cash flow of $5.70B
Financial Impact
Revenue beat consensus by $0.33B (3.1%); Non-GAAP EPS beat consensus by $3.10 (6.7%); guidance for Q2 2027 revenue midpoint of $12.4B is 15.9% above the $10.70B consensus
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Datacenter | $4.8B | +61.0% |
| Edge | $5.8B | +7.0% |
| Consumer | $397.0M | -29.0% |
Risk Factors
- Consumer segment revenue declined 29% sequentially and 39% YoY, indicating potential weakness in that end market
- The stock's normal daily move is 6.2%, and the strong results and raised guidance may already be partially priced in
- Forward-looking statements are subject to risks including trade policies, tariffs, and demand volatility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-068243 |
| Document: sndk-20261029.htm | 0001628280-26-068243 |
| Document: 0001628280-26-068243-index-headers.html | 0001628280-26-068243 |
| Document: 0001628280-26-068243-index.html | 0001628280-26-068243 |
| Document: 0001628280-26-068243.txt | 0001628280-26-068243 |
| 8-K Data (Synthetic) | 0001628280-26-068243 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | $1,315.00 | awaiting T+20 | awaiting T+20 | $1,150.89 (−12.48%) |
Oct 27, 2026 5d ago | SC 13G/A | $1,404.77 | awaiting T+20 | awaiting T+20 | $1,150.89 (−18.07%) |
Oct 21, 2026 11d ago | Institutional Cluster | $1,260.93 | awaiting T+20 | awaiting T+20 | $1,150.89 (−8.73%) |
Oct 12, 2026 20d ago | Institutional Cluster | $1,487.33 | awaiting T+20 | awaiting T+20 | $1,150.89 (−22.62%) |
Oct 6, 2026 26d ago | DEFA14A | $1,692.42 | awaiting T+20 | awaiting T+20 | $1,150.89 (−32.00%) |
Oct 6, 2026 26d ago | DEF 14A | $1,692.42 | awaiting T+20 | awaiting T+20 | $1,150.89 (−32.00%) |
Sep 16, 2026 6w ago | Insider Cluster | $1,614.39 $1,394.83 | ▲ +13.60% | ▲ +14.81% | $1,150.89 (+28.71%) |
Sep 16, 2026 6w ago | Insider Cluster | $1,614.39 $1,394.83 | ▲ +13.60% | ▲ +14.81% | $1,150.89 (+28.71%) |
Sep 8, 2026 7w ago | Insider Cluster | $1,764.17 $1,692.42 | ▼ −4.07% | ▼ −6.01% | $1,150.89 (−34.76%) |
Jun 11, 2026 20w ago | Institutional Cluster | $1,881.51 $1,858.27 | ▼ −1.24% | ▼ −3.13% | $1,150.89 (−38.83%) |
US Market Status
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