Sandisk (SNDK) announced an 8-for-1 stock split alongside its fiscal 2027 first-quarter results, under which shareholders of record as of Nov. 9, 2026 will receive seven additional shares for each share held, with split-adjusted trading expected from Nov. 20. Revenue for the quarter reached $11 billion, up 378% year over year, and adjusted EPS came in at $49.51, ahead of analyst consensus. Management said customers are increasing supply commitments, and the company has shifted to long-term supply agreements with minimum prices, averaging four years or longer. The stock has gained 3,050% since its spin-off from Western Digital but has fallen more than 50% from its late-June peak; of 25 analysts who rated it in October, 84% rate it a buy or strong buy, with an average price target of about $2,143. Melius Research holds the highest target at $3,600.
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NVDASanDiskstock splitearningssemiconductors
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NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/29/2026 | 213.72 |
| Change that session | -0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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