Sandisk stock approaches record date before planned share split

Sandisk announced on October 29 that its board had approved a forward stock split as the memory-chip maker reported fiscal first-quarter results. The company said the measure is intended to make the stock more accessible, including through its employee stock purchase plan.

Sandisk stock traded at 1,015.00 euros on Lang & Schwarz at 2:29 p.m. CET on Tuesday, November 3, 2026; the real-time quote of Sandisk stock is available here.

Record date comes before distribution

Shareholders of record at the close of business on November 9 will receive seven additional shares for every share held. Sandisk expects to issue the additional shares after the market closes on Thursday, November 19, with split-adjusted trading scheduled to begin at the market open on Friday, November 20, under the existing SNDK symbol.

The company said the transaction will not change stockholder ownership percentages or overall market capitalization. Per-share figures in the earnings release are presented on a pre-split basis, so reported and forecast earnings per share will need to be interpreted against the adjusted share count once trading begins.

Data-center demand drives quarterly growth

Sandisk reported fiscal first-quarter revenue of 11.031 billion US dollars for the period ended October 2, up 23 percent from the preceding quarter and 378 percent from the year-earlier quarter. GAAP net income reached 8.101 billion US dollars, while diluted GAAP earnings were 52.60 US dollars per share. Non-GAAP diluted earnings were 49.51 US dollars per share.

Data-center revenue rose 61 percent sequentially to 4.802 billion US dollars, according to the company's earnings release. Edge revenue increased 7 percent to 5.832 billion US dollars, while consumer revenue declined 29 percent to 397 million US dollars. The company reported a GAAP gross margin of 85.0 percent, compared with 84.6 percent in the previous quarter.

Management raises the near-term bar

For fiscal second-quarter 2027, Sandisk guides to revenue of 12.2 billion to 12.6 billion US dollars. Non-GAAP gross margin is expected at 84.5 percent to 85.5 percent, and non-GAAP diluted earnings at 55.00 to 57.00 US dollars per share on a pre-split basis.

Chief Executive Officer David Goeckeler said Sandisk had started fiscal 2027 with strong performance and robust, growing demand for its products, particularly in data-center business. The release also reported 5.0 billion US dollars of stock repurchases during the quarter, covering about 3.2 million shares.

What investors should watch next

The November 9 record date is the next corporate milestone, followed by the share distribution on November 19 and the planned start of split-adjusted trading on November 20. Investors should distinguish the mechanical per-share adjustment from changes in the company's operating outlook.

Nasdaq trading and broader technology sentiment remain relevant market factors for the Sandisk stock.

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