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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Sandisk
Sandisk (SNDK) investor relations material
Sandisk Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2027 earnings summary29 Oct, 2026
Executive summary
Q1 FY27 revenue was $11.031B, non-GAAP gross margin was 85.1%, and non-GAAP diluted EPS was $49.51; results exceeded guidance.
AI-driven NAND demand, technology leadership, and long-term customer partnerships support confidence in durable cash generation and growth.
Financial highlights
Revenue rose 23% QoQ and 378% YoY; volume contributed ~60% and pricing ~40% of the sequential increase.
Non-GAAP gross margin was 85.1%, up 0.5 ppt QoQ; non-GAAP operating income was $8.871B, up 25% QoQ.
Non-GAAP diluted EPS was $49.51, up 26% QoQ; GAAP diluted EPS was $52.60.
Operating cash flow was $6.363B; adjusted free cash flow was $5.696B, excluding $465M of NBM prepayments and deposits.
Outlook and guidance
Q2 FY27 revenue guidance is $12.2B–$12.6B; non-GAAP gross margin is 84.5%–85.5%, and non-GAAP operating expenses are $540M–$560M.
Q2 non-GAAP diluted EPS guidance is $55–$57 pre-split on ~151M diluted shares; split-adjusted guidance is $6.88–$7.13 on ~1,208M shares.
Calendar 2027 NAND bit demand is expected to grow ~40% YoY; data center is forecast to exceed 55% of the market.
Pricing is expected to increase modestly through FY27; fiscal Q3 is typically the weakest sequential quarter, prompting conservative Q2-to-Q3 assumptions.
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Latest events from Sandisk
- Record FY2026 results, zero debt and performance-linked pay anchor the proxy agenda.SNDK
Proxy filing - Board backs all director nominees, executive pay, and KPMG LLP for FY2027.SNDKProxy filing
- AI-driven data center demand is reshaping NAND markets, enabling stable, high-margin growth.SNDKGoldman Sachs Communacopia + Technology Conference 2026
- New business models and tech innovation drive growth, with strong data center and AI demand.SNDKCiti’s 2026 Global TMT Conference
- Multi-year deals, NAND innovation, and AI demand drive record margins and cash returns.SNDKInvestor Day 2026
- Record Q4 and FY26 results driven by datacenter, edge, and multi-year customer agreements.SNDKQ4 2026
- AI-driven demand and new NAND technologies propel record growth and strategic expansion.SNDKMizuho Technology Conference 2026
- Q3 revenue up 251% YoY to $5.95B, gross margin 78.4%, $42B in contracts, $6B buyback.SNDKQ3 2026
- Targets $10B revenue, 20% margin, and AI-driven growth with BiCS8 and UltraQLC™ innovation.SNDKInvestor Day 2025
Next Sandisk earnings date
AGM 202617 Nov, 2026
Sandisk
Next Sandisk earnings date
AGM 202617 Nov, 2026
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Frequently asked questions
SanDisk Corporation was a U.S.-based company that designed, developed, and manufactured flash memory storage solutions. Its product portfolio included USB drives, memory cards, solid-state drives (SSDs), and embedded storage systems used in consumer electronics, enterprise data centers, and mobile devices. SanDisk served original equipment manufacturers, retailers, and end-users across global markets. The company was known for its innovations in NAND flash memory technology. SanDisk Corporation was headquartered in Milpitas, California, and its shares were listed on the NASDAQ before the company was acquired by Western Digital.