SanDisk reports Q1 FY2027 revenue of $11.03 billion and announces $5 billion share buyback
10/30/2026 — 10/30, 11:13·2 sources (all)·2 reports (all)
Key takeaways
- SanDisk reported Q1 FY2027 revenue of $11.03 billion, up 378% year-over-year. Management noted that about 60% of the growth came from volume…
Background & analysis
SanDisk reported its fiscal 2027 first-quarter results after the US market closed on 29 October 2026, covering the quarter ended 2 October. Revenue came in at $11.131 billion, up 23% quarter-on-quarter and up 378% year-on-year. Non-GAAP gross margin was 85.1%, and non-GAAP diluted EPS was $49.51, both above the company's prior guidance. The quarter generated $5.7 billion of adjusted free cash flow.
On the earnings call held Thursday Eastern Time, management said roughly 60% of the quarter's revenue growth came from volume growth, with the remaining 40% from higher prices. The company committed to returning 100% of surplus cash to shareholders and spent $5 billion on share repurchases during the fiscal quarter. Citing strong order visibility, SanDisk guided second-quarter revenue to $12.2-$12.6 billion.
Chairman and CEO David Goeckeler said the data-center business had grown from roughly 20% of the industry total a decade ago to nearly half today. Looking ahead, he projected data center would account for more than 55% of the market in 2027, with bidding demand up about 40% year-on-year. As of the available reporting, the second-quarter guidance and shareholder-return commitment stand as the latest disclosed developments.
AI-generated from 2 reports · updated 1 hour ago
Latest turnAccording to IT之家, SanDisk reported its Q1 FY2027 financial results with revenue reaching $110.31 billion, a 378% year-over-year increase, and a non-GAAP gross margin of 85.1%. The company expects Q2 revenue between $12.2B and $12.6B and has deployed $5 billion for share buybacks.
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According to IT之家, SanDisk reported its Q1 FY2027 financial results with revenue reaching $110.31 billion, a 378% year-over-year increase, and a non-GAAP gross margin of 85.1%. The company expects Q2 revenue between $12.2B and $12.6B and has deployed $5 billion for share buybacks.
IT之家AI score 56According to Caixin, SanDisk management stated during the Q1 earnings call that about 60% of revenue growth came from volume and 40% from price increases. The company guides Q2 revenue between $12.2B and $12.6B and commits to returning 100% of excess cash to shareholders.
36氪AI score 52
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