Sandisk Announces 8-for-1 Stock Split Following Strong Quarterly Results
Sandisk (SNDK) has announced an 8-for-1 forward stock split intended to increase share accessibility for retail investors and employees. The move follows a period of massive growth since its spin-off from Western Digital, with the company reporting first-quarter fiscal 2027 revenue of over $11 billion—a nearly fivefold increase year-over-year. Despite exceeding market expectations and providing strong guidance for the current quarter, Sandisk's stock has recently faced downward pressure due to a broader sell-off in the technology sector. The company expects continued momentum, forecasting $55.00 in EPS on $12.4 billion in revenue for the upcoming quarter. Trading is expected to commence on a split-adjusted basis starting November 20.
Topics: earnings report NAND flash storage market semiconductors stock split