Sandisk Corporation (Nasdaq: SNDK) reported fiscal first quarter 2027 financial results, highlighting strong performance driven by robust demand for its products. CEO David Goeckeler stated, "We have started fiscal year 2027 with another quarter of strong performance, with robust and growing demand for our products driving outpaced growth in our data center business. We are executing on the strategy that we outlined at Investor Day, delivering growing and durable free cash flow through our technology leadership, deep customer partnerships, and disciplined financial management."
The company also announced an eight-for-one forward stock split to enhance stock accessibility, including for employees. The split will be executed through an amendment to Sandisk's Amended and Restated Certificate of Incorporation.
Shareholders of record as of November 9, 2026, will receive seven additional shares for each share held. Post-split trading is expected to commence on November 20, 2026, with no change to market capitalization or ownership percentages.
Source: TechPowerUp News · Summarized by HeadlinesBriefing