The Quarter in Brief
Sandisk reported the first quarter of its fiscal 2027, the 13 weeks ended October 2, 2026, after the market closed on October 29. Revenue was $11.03 billion, almost five times the $2.31 billion of a year earlier and up 23% from the quarter before. Reported earnings per share were $52.60, against $0.75. Non-GAAP earnings per share, the company's own measure that leaves out stock-based pay, gains on shares it holds in other companies and some tax items, were $49.51, against $1.22.
Both were ahead of expectations: analysts had expected about $10.7 billion of revenue and non-GAAP earnings of about $47.15 a share. What set this quarter apart was where the growth came from. Sandisk makes NAND flash memory, the chips inside solid-state drives, and its sales to data centres rose 61% in three months to $4.80 billion, while over the same three months its other markets grew 7% or shrank. Gross margin reached 85.0%. Sandisk also announced an eight-for-one stock split; all per-share figures here are on the pre-split basis.