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AI English summary of an SEC filing — figures as filed

Sandisk logoSandisk SNDK

The company said fiscal 2027 revenue for Q1, the quarter ended October 2, 2026, was $11.0 billion, up 23% from the previous quarter, and GAAP net income was $8.1 billion ($52.60 per diluted share).

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said fiscal 2027 revenue for Q1, the quarter ended October 2, 2026, was $11.0 billion, up 23% from the previous quarter, and GAAP net income was $8.1 billion ($52.60 per diluted share).

  2. Sandisk reported Datacenter revenue of $4,802 million for Q1, up 61% from the previous quarter. Edge revenue was $5,832 million, up 7%, and Consumer revenue was $397 million, down 29%.

  3. The company repurchased about 3.2 million shares in Q1, returning $5.0 billion to stockholders. Its board approved an eight-for-one stock split, under which stockholders of record as of November 9, 2026 will receive 7 additional shares for each share held.

  4. The company said it expects fiscal 2027 revenue for Q2 to be in the range of $12.2 billion to $12.6 billion, and pre-split Non-GAAP diluted net income per share in the range of $55.00 to $57.00.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Fiscal 2027 Q1 Revenue and Net Income

The company said fiscal 2027 revenue for Q1, the quarter ended October 2, 2026, was $11.0 billion, up 23% from the previous quarter, and GAAP net income was $8.1 billion ($52.60 per diluted share).

Source · Based on the filing body and exhibits

Revenue Changes by Business Segment

Sandisk reported Datacenter revenue of $4,802 million for Q1, up 61% from the previous quarter. Edge revenue was $5,832 million, up 7%, and Consumer revenue was $397 million, down 29%.

Source · Based on the filing body and exhibits

Share Repurchases and 8-for-1 Stock Split

The company repurchased about 3.2 million shares in Q1, returning $5.0 billion to stockholders. Its board approved an eight-for-one stock split, under which stockholders of record as of November 9, 2026 will receive 7 additional shares for each share held.

Source · Based on the filing body and exhibits

Fiscal 2027 Q2 Outlook

The company said it expects fiscal 2027 revenue for Q2 to be in the range of $12.2 billion to $12.6 billion, and pre-split Non-GAAP diluted net income per share in the range of $55.00 to $57.00.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.