Filing Flows › Sandisk (SNDK) › Q1 FY27
Sandisk (SNDK) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 30, 2026
Sandisk (SNDK) reported revenue of $11.0B for the first quarter fiscal 2027 (Q1 FY27), +378% from a year earlier and +23% from the quarter before. Operating margin was 79.6%, net earnings $8.1B (73.4% of revenue).
Sandisk, Q1 FY27: revenue $11.0B (+378% year over year), operating margin 79.6%, net earnings $8.1B, operating cash flow $6.4B. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.0B | +23% | +378% |
| Gross profit | $9.4B | +24% | 14× |
| Operating profit | $8.8B | +25% | 50× |
| Net earnings | $8.1B | +17% | 72× |
| Operating cash flow | $6.4B | -11% | 13× |
| Free cash flow | $6.3B | — | 14× |
What changed
Revenue was $11.0B in Q1 FY27, up 378% year over year and up 23% from the previous quarter. Edge was the largest line at 53% of revenue. Datacenter added $4.5B year over year (up 1685%), 52% of the total change. Consumer declined 39%.
Gross margin was 85.0%, up 55.2 points from Q1 FY26. Operating profit was $8.8B, a 79.6% margin (up 72.0 points year over year). Of the extra revenue versus Q1 FY26, 99% reached operating profit, above the 8% margin then. Operating expenses grew 17% against revenue growth of 378%. The fastest-growing cost line was Research & development (+22%). Net earnings were $8.1B, up 7133% year over year. The effective tax rate was 13.1%.
Operating cash flow was $6.4B (up 1204% year over year), 79% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items used $1.9B. After purchases of property, plant and equipment, net ($0.05B), free cash flow as the company reports it was $6.3B.
Questions
What was Sandisk's revenue in the first quarter fiscal 2027?
Sandisk (SNDK) reported revenue of $11.0B for the first quarter fiscal 2027 (Q1 FY27), +378% from a year earlier and +23% from the quarter before.
Was Sandisk profitable in the first quarter fiscal 2027?
Operating profit was $8.8B (79.6% of revenue) and net earnings $8.1B.
Source: Sandisk 10-Q on SEC EDGAR.