Sandisk reported fiscal Q1 revenue up 23% sequentially to $11.0 billion and announced an eight-for-one stock split, with split-adjusted trading expected from Nov. 20. Adjusted EPS rose 26% sequentially to $49.51, and data center revenue jumped 61% to $4.8 billion. The author notes that about 60% of the sequential revenue gain came from more storage shipped and 40% from higher prices, and that fiscal Q2 guidance implies slower growth of about 12%. At around $1,150 per share, the stock trades at about 5 times the author's estimate of annualized guided earnings, and the author says he would be comfortable starting a small position at this price. He cautions that memory profits can fall quickly if prices drop.
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SanDiskearningsvaluationsemiconductorsdata centers
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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