Sandisk Announces Eight-for-One Stock Split and Reports 23% Sequential Revenue Growth
Sandisk (SNDK) reported strong fiscal Q1 results for the period ending October 2, 2026, with revenue growing 23% sequentially to $11.0 billion. The flash memory specialist also announced an eight-for-one stock split intended to increase share accessibility for retail investors and employees. Following the split, shares expected to trade around $166. While revenue growth was driven significantly by data center demand—which rose 61% sequentially—management noted a shift in growth drivers from pricing to volume. Although adjusted earnings per share climbed 26% to $49.51, the company guided for a deceleration in sequential revenue growth for fiscal Q2. The stock currently trades at approximately five times its projected annual adjusted earnings, reflecting market concerns regarding potential future declines in memory pricing.
Tickers: $SNDK
Topics: data center revenue earnings report revenue growth stock split