SANDISK $SNDK Q1’27 EARNINGS HIGHLIGHTS
🔹 Revenue: $11.03B (Est. $10.64B) 🟢; +378% YoY, +23% QoQ
🔹 Adj. EPS: $49.51 (Est. $46.22) 🟢; +26% QoQ
🔹 Adj. Gross Margin: 85.1% (Est. 84.1%) 🟢; +55.2 ppts YoY
🔹 Adj. Oper Income: $8.87B (Est. $8.44B) 🟢; +25% QoQ
Q2 FY27 Guide:
🔹 Revenue: $12.2B-$12.6B (Est. $12.18B) 🟡
🔹 Adj. EPS: $55.00-$57.00 (Est. $53.19) 🟢
🔹 Adj. Gross Margin: 84.5%-85.5% (Est. 84.4%) 🟢
🔹 Diluted Shares: ~151M
End Market Revenue:
🔹 Datacenter: $4.80B; +61% QoQ
🔹 Edge: $5.83B; +7% QoQ, +320% YoY
🔹 Consumer: $397M; -29% QoQ, -39% YoY
Key Updates:
🔹 Forward Stock Split: Eight-for-one, effective November 19, 2026
Capital Return:
🔹 Buybacks: $5.0B; approximately 3.2M shares
Comments:
🔸 “robust and growing demand for our products driving outpaced growth in our data center business.”
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