Sandisk Shares Drop Despite Surpassing Q1 2027 Earnings Expectations
Sandisk (SNDK) shares fell as much as 11% on Friday despite reporting fiscal 2027 first-quarter results that significantly beat analyst estimates. The semiconductor company reported revenue of $11 billion, a 378% increase year-over-year, and adjusted earnings per share of $49.51, which surpassed the consensus estimate of $46.67. The growth was primarily driven by massive demand for AI-related memory chips, with data center revenue surging 1,682% year-over-year to $4.8 billion. Despite raising its second-quarter outlook and announcing an 8-for-1 stock split scheduled for November 2026, the stock faced selling pressure as investors expressed concerns regarding the long-term sustainability of AI demand and potential ceilings on memory pricing.
Tickers: $SNDK
Topics: AI demand earnings report revenue growth semiconductors stock split
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