- Sandisk reported adjusted earnings of $49.51 a share on sales of $11.03 billion for the fiscal first quarter ended Oct. 2, beating analyst estimates.
- Sandisk expects fiscal Q2 revenue between $12.20 billion and $12.60 billion, ahead of analyst estimates of $12.1 billion.
- Sandisk attributed stronger results to data center buildout demand and a memory supply crunch that kept prices elevated.
- Sandisk announced an eight-for-one stock split alongside its results.
- Sandisk shares wavered in extended trading after the report.
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“Sandisk stock wavered in extended trading.”