Sandisk Announces 8-for-1 Stock Split Following Massive Revenue Growth Driven by AI Demand
Sandisk (SNDK) has announced an 8-for-1 stock split following a period of extraordinary growth since its spin-off from Western Digital in early 2025. The company's fiscal 2027 first-quarter results exceeded analyst expectations, reporting $11 billion in revenue—a 378% year-over-year increase—and adjusted earnings per share of $49.51. The surge is primarily attributed to the massive demand for NAND memory chips required to support artificial intelligence infrastructure. Management noted that customer demand is currently outstripping supply, with a pipeline extending through the end of the decade. To mitigate market volatility and competition, Sandisk has transitioned to long-term supply agreements with minimum pricing protections.
Topics: AI hardware earnings report semiconductors stock split