Sandisk Reports 378% Year-Over-Year Revenue Growth Driven by Data Center Demand
Sandisk (SNDK) reported significant growth for its fiscal first quarter of 2027, with revenue reaching approximately $11.0 billion, a 378% increase compared to the same period last year. This surge was primarily fueled by the data center segment, which saw revenue jump from $269 million to $4.8 billion, now accounting for roughly 44% of total company revenue as the business shifts toward AI infrastructure. While profitability has soared with a GAAP gross margin of 85%, the company issued cautious guidance for the next quarter, projecting growth to moderate to between 11% and 14%. Investors are closely monitoring whether high margins can be sustained and if adjusted free cash flow will keep pace with revenue following $5.0 billion in share buybacks.