Sandisk reports $11.0 billion in quarterly revenue and plans an eight-for-one stock split

Sandisk said on October 29, 2026 that its board of directors approved an eight-for-one forward stock split of its common stock. The company also reported financial results for its fiscal first quarter ended October 2, 2026.

The company said the split will be effected through an amendment to its Amended and Restated Certificate of Incorporation. The company said the amendment will proportionately increase authorized common shares from 450 million to 3.6 billion.

Sandisk said stockholders of record at the close of business on November 9, 2026 will receive seven additional shares for each share held. The company said those shares will be issued after market close on Thursday, November 19, 2026. The company said its common stock is expected to begin trading on a post-split basis at the market open on Friday, November 20, 2026, under the existing symbol SNDK.

For the fiscal first quarter, Sandisk reported revenue of $11.0 billion, up 23% from the prior quarter and up from $2,308 million a year earlier. GAAP net income was $8.1 billion, or $52.60 per diluted share, and non-GAAP diluted net income per share was $49.51. Per-share figures are presented on a pre-split basis.

Sandisk returned $5.0 billion to stockholders through the repurchase of approximately 3.2 million shares during the quarter. The company said it expects second quarter fiscal 2027 revenue of $12.2 billion to $12.6 billion and non-GAAP diluted net income per share of $55.00 to $57.00 on a pre-split basis.