Sandisk stock: Q2 margin guide sharpens the AI storage test
Published on 11/11/2026 at 17:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWhat matters for Sandisk investors
- Management expects second-quarter revenue and adjusted earnings to increase from the fiscal first quarter.
- Data-center demand is driving growth, while the consumer business is shrinking.
- The planned stock split changes the share count but not Sandisk's overall market capitalization.
Sandisk's fiscal first-quarter results and second-quarter outlook point to continued momentum in AI-related storage, but the forecast also sets a demanding test for margins. The company reported the figures on October 29 for the quarter ended October 2, according to its Sandisk investor relations filing.
Sandisk posted revenue of 11.031 billion US dollars and GAAP net income of 8.101 billion US dollars. Non-GAAP diluted earnings per share reached 49.51 US dollars, while non-GAAP gross margin was 85.1 percent. The results show how strongly higher memory prices and data-center demand have lifted profitability, although non-GAAP figures exclude specified items such as stock-based compensation.
Data-center demand leads the mix
Data-center revenue reached 4.802 billion US dollars, up 61 percent from the previous quarter. Edge revenue increased 7 percent to 5.832 billion US dollars, while consumer revenue fell 29 percent to 397 million US dollars. The mix leaves Sandisk increasingly dependent on enterprise and infrastructure spending to sustain its earnings profile.
For fiscal second-quarter 2027, management expects revenue between 12.2 billion and 12.6 billion US dollars. It also forecasts non-GAAP diluted earnings per share of 55.00 to 57.00 US dollars on a pre-split basis and guides to a non-GAAP gross-margin range of 84.5 percent to 85.5 percent. Investors will therefore watch whether pricing power and customer demand hold as the company moves beyond the latest quarter.
Split changes the trading framework
Sandisk stock traded at 902.50 euros on Lang & Schwarz at 17:29 CET on Wednesday, November 11. The eight-for-one split is scheduled to take effect after the November 19 market close, with post-split trading expected to begin on November 20. The company says the transaction will change the number of shares and the per-share presentation without changing overall market capitalization or ownership percentages.
Sandisk at a glance
- Company: Sandisk Corporation
- ISIN: US80004C2008
- Ticker: SNDK
- Primary exchange: Nasdaq Global Select Market
- Lang & Schwarz quote: 902.50 euros at 17:29 CET on November 11, 2026
- Fiscal second-quarter revenue outlook: 12.2 billion to 12.6 billion US dollars
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