TLDR Sandisk stock rebounds 2.87% after hours as data center revenue jumps 61%. Sandisk posts $11.03 billion in revenue as quarterly earnings surge 378% year over year. Sandisk announces an 8-for-1 stock split as shares recover after market close. Sandisk forecasts Q2 revenue of up to $12.6 billion after strong quarterly growth. Sandisk repurchases $5 billion in shares as data center demand drives strong results.Sandisk Corporation (SNDK) shares fell 5.32% to $1,330.05 at market close before recovering 2.87% to $1,368.28 after hours. The moves followed the company’s fiscal first-quarter results, which showed strong revenue growth and higher earnings. Additionally, Sandisk announced an eight-for-one stock split and issued second-quarter guidance above its first-quarter revenue.Sandisk Corporation, SNDKSandisk Stock Faces Mixed Trading as Earnings Show Strong GrowthSandisk reported fiscal first-quarter 2027 revenue of $11.031 billion, representing a 23% increase from the previous quarter. Furthermore, revenue climbed 378% year over year from $2.308 billion, reflecting substantial growth across its business segments. The company also recorded significant earnings growth as demand for storage products strengthened.GAAP net income reached $8.101 billion, compared with $6.903 billion in the preceding quarter. Meanwhile, diluted earnings per share increased 20% sequentially to $52.60, while non-GAAP diluted earnings per share reached $49.51. Non-GAAP net income totaled $7.624 billion, marking a 24% increase from the previous quarter.Sandisk also improved its profitability during the reporting period as gross margins expanded across its operations. GAAP gross margin reached 85.0%, compared with 84.6% in the previous quarter. Additionally, non-GAAP gross margin increased to 85.1%, while non-GAAP operating income rose 25% to $8.871 billion.Data Center Revenue Jumps 61% as Storage Demand StrengthensSandisk’s data center business delivered one of the strongest results during fiscal first-quarter 2027. The segment generated $4.802 billion in revenue, representing a 61% increase from $2.977 billion in the previous quarter. This performance highlighted the growing contribution of data center storage to the company’s overall business.The edge segment generated $5.832 billion, increasing 7% from $5.432 billion in the preceding quarter. However, consumer revenue declined 29% sequentially to $397 million from $556 million. These contrasting results showed that data center and edge operations drove growth while consumer demand remained weaker.Year-over-year comparisons also highlighted the scale of Sandisk’s revenue expansion across its major markets. Edge revenue increased 320% from $1.387 billion, while data center revenue rose substantially from $269 million. Consumer revenue, however, fell 39% from $652 million during the same period.Sandisk Announces 8-for-1 Stock Split and Issues Q2 GuidanceSandisk announced an eight-for-one forward stock split alongside its quarterly results, aiming to make shares more accessible. Under the plan, shareholders of record on November 9, 2026, will receive seven additional shares for every share held. The company expects to issue the additional shares after market close on November 19, 2026.Trading on a split-adjusted basis is expected to begin at market open on November 20, 2026. However, the split will not change Sandisk’s overall market capitalization or shareholders’ proportional ownership. The company also intends to improve employee access to its stock through its employee stock purchase plan.Sandisk expects fiscal second-quarter 2027 revenue to range between $12.2 billion and $12.6 billion. Additionally, management projects non-GAAP diluted earnings per share between $55.00 and $57.00 on a pre-split basis. The guidance points to further sequential growth following the company’s strong first-quarter performance.Sandisk also continued its capital return program through substantial share repurchases during the quarter. The company repurchased approximately 3.2 million shares for $5 billion during the reporting period. Across the past two fiscal quarters, Sandisk repurchased six million shares, representing approximately 4% of its total outstanding shares.Sandisk combined strong quarterly results with a significant expansion in data center revenue and a planned stock split. Its second-quarter revenue forecast also indicates expectations for continued business growth. The upcoming split will adjust the share count and per-share price without changing the company’s underlying market value. The post Sandisk Corporation (SNDK) Stock: Data Center Revenue Jumps 61% as Company Unveils 8-for-1 Split appeared first on Blockonomi.