Sandisk's data-center sales rise 61% in a quarter at an 85% gross margin

Sandisk reported fiscal first-quarter revenue of $11.03 billion on Thursday, up 23% from the previous quarter, with a of 85.1%. Data-center revenue rose 61% in a quarter to $4.80 billion; consumer revenue fell 29%. It guided the current quarter to $12.2 billion to $12.6 billion and set an 8-for-1 for November 19th.

Flash storage now earns the margins of . The shares still fell about 3.5% before the open, so investors are already pricing this as the top of a cycle. SourcesA C

Sources

ASandisk Reports Fiscal First Quarter 2027 Financial Results (Sandisk)investor.sandisk.com
CSandisk tops Q1 estimates and guides higher, sets 8-for-1 stock split (Investing.com)investing.com

This story ran in the Morning Brief of October 30th 2026.

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