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29.10.26 - 21:06
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Sandisk Reports Fiscal First Quarter 2027 Financial Results (Business Wire)
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News Summary
Fiscal first quarter revenue was $11.0 billion, up 23% sequentially, with GAAP net income reported at $8.1 billion ($52.60 diluted net income per share, up 20% sequentially). First quarter Non-GAAP diluted net income per share was $49.51.
Returned $5.0 billion to stockholders through the repurchase of approximately 3.2 million shares during the quarter. Over the past two fiscal quarters, repurchased 6.0 million shares, representing approximately 4% of total shares outstanding.
Announced today an eight-for-one forward stock split, effective November 19, 2026, to make stock more accessible, including to employees through its employee stock purchase plan.
Expect second quarter 2027 revenue to be in the range of $12.2 billion to $12.6 billion, with expected Non-GAAP diluted net income per share on a pre-split basis in the range of $55.00 to $57.001.
MILPITAS, Calif.--(BUSINESS WIRE)--Sandisk Corporation (Nasdaq: SNDK) today reported fiscal first quarter financial results.
“We have started fisca...
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29.10.26 - 13:12
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Sandisk′s Surging Profits Face a Critical Test (Fool)
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Sandisk's growth story is evolving as long-term customer commitments reshape its outlook. Discover the opportunities, pricing risks, and financial signals that could determine what comes next....
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28.10.26 - 18:03
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Futures Rise As Hynix-Fueled Memory Mania Revives AI Trade Ahead Of Fed, Big Tech; Oil Jumps (ZeroHedge)
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Futures Rise As Hynix-Fueled Memory Mania Revives AI Trade Ahead Of Fed, Big Tech; Oil Jumps
US futures are higher, if only in Nasdaq terms, as a memory-chip frenzy sparked by SK Hynix's blowout results revives the AI trade ahead of today's Fed decision and tonight's Alphabet and Microsoft earnings, while oil jumps after the WSJ reported the US told Gulf allies to prepare for a short, intense military campaign against Iran after the midterms; as a result the 10Y yield is back above 5%. As of 8:00am ET, S&P futures are up 0.2% while Nasdaq futures rise 0.6% and Dow futures slip 0.1%, a day after the S&P closed 0.6% higher at 7,723 and the Nasdaq 100 jumped 1.3% for its best day in over a month (even if roughly 60% of S&P names closed lower). In premaret trading memory names lead the way, with Micron and Sandisk both up about 4%, while Alphabet tops the Mag 7 after a report that OpenAI intends to buy Google's AI chips; on the other side, Robinhood, NXP and Enphase tumble after di...
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