Sandisk Announces 8-for-1 Stock Split Amid AI Growth

Sandisk is executing an 8-for-1 stock split, with split-adjusted trading scheduled to begin on November 20, 2026. Shareholders of record as of November 9 will receive seven additional shares for every one held, with new shares issued after the close of trading on November 19.

The move follows a period of rapid expansion fueled by a memory chip supply shortage and the artificial intelligence boom. The company reported first-quarter fiscal 2027 revenue of $11 billion, representing a 378% increase, and non-GAAP earnings of $49.51 per diluted share. Share prices recently surged further after AI cloud provider CoreWeave increased its 2026 revenue forecast on November 11.

To sustain this momentum, the company signed long-term supply agreements for approximately two-thirds of its expected fiscal 2028 NAND flash production. Sandisk also plans to sample high-bandwidth flash next year to reduce AI inference costs. Current financial guidance for the fiscal second quarter of 2027 projects adjusted earnings per share between $55 and $57 on a pre-split basis.

Market reactions are mixed. Some analysts predict substantial upside, while others warn that the semiconductor industry is cyclical and that Sandisk lacks a durable competitive edge compared to leaders like Samsung and SK Hynix. Additionally, while the company has exceeded guidance for two consecutive quarters, the rate of profit growth has slowed.