Sandisk Reports $11 Billion Quarterly Revenue Amid AI-Driven NAND Flash Demand
Sandisk (SNDK) reported quarterly revenue of $11 billion for its fiscal 2027 first quarter, driven by accelerating demand for NAND flash memory. The company is benefiting from a structural shift in the industry where data center applications now account for 50% of total memory bit demand, up from 20% earlier this decade, as artificial intelligence workloads expand. To mitigate market volatility, Sandisk utilizes 'New Business Model' (NBM) agreements—multiyear volume commitments with financial guarantees that provide long-term visibility through 2030. Additionally, the company is aggressively returning capital to shareholders, having repurchased 4% of total shares outstanding over the last two quarters using its $5.1 billion cash reserve.
Tickers: $SNDK
Topics: Artificial Intelligence Data Center demand NAND flash memory Revenue growth Share Repurchases