Sandisk reports US$11 billion revenue and announces eight-for-one stock split

Sandisk reported fiscal first-quarter 2027 revenue of US$11.0 billion on October 29, up 23% from the preceding quarter. Reported net income was US$8.1 billion.

It announced an eight-for-one stock split. Holders of record on November 9 are due seven additional shares per existing share after market close on November 19. Trading on a split-adjusted basis is expected from November 20.

The company said the split would leave ownership percentages and overall market capitalisation unchanged. Its earnings release presents per-share figures on a pre-split basis; the announced split has not yet taken effect.