SanDisk Reports Massive Q1 2027 Revenue Growth Driven by Data Center and AI Demand
SanDisk (SNDK) reported exceptional first-quarter fiscal 2027 results, with revenue reaching $11 billion—a 378% increase year-over-year. This surge was primarily fueled by a structural shift in NAND demand toward AI-related data center infrastructure, which saw revenue climb 61% sequentially to $4.8 billion. The company's New Business Model (NBM) is securing long-term commitments through 2030, reflecting high confidence in future bit demand. Despite a 29% sequential decline in consumer revenue due to pricing adjustments, SanDisk maintained strong profitability with an 85.1% non-GAAP gross margin and $5.7 billion in adjusted free cash flow. The company remains debt-free and continues aggressive shareholder returns, having repurchased $5 billion in shares this quarter. Looking ahead, management issued optimistic Q2 guidance and announced an upcoming 8-for-1 stock split.
Topics: Data Center Revenue Financial Guidance Revenue Growth Share Repurchases Stock Split