SanDisk Q1 2027: Data Center Revenue Jumps 61% as AI Storage Demand Surges

As seen on the 24/7 Wall St. homepage on October 29, 2026.

SNDK SanDisk

Q1 2027

4:13pm ET

EPS

$49.51

est $46.27 +7.0%

Revenue

$11.03B

est $10.68B +3.3%

Data center revenue of $4.80 billion jumped 61% sequentially, the sixth straight quarter SanDisk has beaten expectations as AI storage demand reprices NAND. December quarter guidance of $12.2 billion to $12.6 billion says the ramp is not done, and an 8-for-1 split lands November 19.

Continue ReadingShow less

SanDisk's fiscal first quarter of 2027 beat expectations on both earnings and revenue, the sixth straight quarter it has done so. AI-driven storage demand keeps outpacing analyst models.

Data center revenue drove the quarter, rising 61% sequentially on enterprise SSDs feeding AI infrastructure buildouts. Gross margin expanded sharply, showing the pricing power of supplying a market still absorbing capacity fast.

Sources

Mentioned: SNDK

Related Market Updates

Biggest movers · At the close Oct 28, 4:11pm ET

Gainers

VRTVertiv$243.72+16.9%
SKHYSK hynix$164.45+13.1%
ORCLOracle$145.27+11.3%
FNFabrinet$368.47+7.4%
SNDKSanDisk$1,400.83+7.4%

Losers

BKRBaker Hughes$54.78-7.2%
BSXBoston Scientific$42.25-6.3%
SANBanco Santander$11.71-6.1%
FTNTFortinet$174.37-5.8%
GRMNGarmin$272.79-5.7%

Vertiv closed up 16.86% at $243.72, the widest single-name gain across our 382-stock priority list today.

Biggest movers · On the open Oct 28, 9:50am ET

Gainers

VRTVertiv$232.61+11.5%
SKHYSK hynix$160.16+10.2%
SNDKSanDisk$1,380.36+5.8%
MUMicron Technology$976.34+5.1%
APHAmphenol$82.08+5.0%

Losers

BSXBoston Scientific$40.6-9.9%
TERTeradyne$298.64-7.7%
TELTE Connectivity$211.87-6.0%
GSKGSK$48.05-5.7%
STXSeagate Technology$633.24-5.2%

Vertiv's 11.5% jump tops the open, and the spread to Boston Scientific at the bottom runs better than 21 points. Hardware names fill both lists, so owning the sector is no guarantee of being on the right side today.

Biggest movers · At the close Oct 19, 4:10pm ET

Gainers

APLDApplied Digital$19.3+6.9%
SNDKSanDisk$1,375.53+5.9%
WDCWestern Digital$351.5+5.9%
DDOGDatadog$260.75+5.5%
SKHYSK hynix$143.44+5.1%

Losers

SESea$88.75-5.3%
HONAHoneywell Aerospace$162.57-3.3%
HDBHDFC Bank$23.1-3.1%
OPENOpendoor Technologies$2.05-3.1%
CEGConstellation Energy$263.36-3.0%

Applied Digital closed up 6.93%, the widest gain in a 385-name priority universe, with Sea at the other end down 5.35%.

Biggest movers · On the open Oct 19, 9:51am ET

Gainers

GPROGoPro$1.16+10.3%
MRNAModerna$235.83+8.2%
SNDKSanDisk$1,382.56+6.4%
DDOGDatadog$261.02+5.6%
APLDApplied Digital$19.07+5.6%

Losers

HDBHDFC Bank$23.02-3.4%
SESea$90.77-3.2%
BCSBarclays$22.33-2.0%
NFLXNetflix$69.16-1.9%
NGGNational Grid$79.65-1.9%

GoPro's 10.3% jump leads the open, with Moderna close behind and the entire downside capped under 3.5%. Across the priority names, the gains are doing all the work this morning.

Biggest movers · On the open Oct 15, 9:51am ET

Gainers

INTUIntuit$326.18+5.1%
MRSHMarsh$187.37+5.0%
AZNAstraZeneca$169.22+4.4%
WMTWalmart$121.3+4.4%
EXPEExpedia$286.79+4.4%

Losers

AAOIApplied Optoelectronics$77.49-10.1%
CIFRCipher Digital$9.02-9.3%
IRENIren$27.76-9.2%
DELLDell Technologies$461.71-9.1%
SNDKSanDisk$1,277.91-8.9%

The downside is doing the damage at Wednesday's open: Applied Optoelectronics is off 10.13%, with Dell and SanDisk each shedding roughly 9%. The best gainer, Intuit at 5.07%, does not come close to matching it.

Biggest movers · On the open Oct 6, 9:51am ET

Gainers

CEGConstellation Energy$300+12.1%
SMRNuScale Power$8.27+7.7%
MRVLMarvell Technology$288.1+6.2%
AAOIApplied Optoelectronics$128.77+5.9%
ALABAstera Labs$381.06+5.2%

Losers

STXSeagate Technology$831.22-6.3%
SKHYSK hynix Inc.$188.84-3.2%
IQiQIYI$1-2.4%
SNDKSanDisk$1,675-1.7%
MUMicron Technology$1,046.76-1.6%

Constellation Energy opened 12.1% higher at $300, the biggest move across 385 priority names, with NuScale Power close behind. Storage is on the other side of the ledger: Seagate down 6.3%, SanDisk and Micron also lower.

Reddit's most-discussed stocks · Sep 30 Sep 30, 9:35am ET

1MUbullish417 comments · 1.7K upvotes
2SKHYbullish203 comments · 1.1K upvotes
3NVDAsplit308 comments · 902 upvotes
4SNDKbullish106 comments · 745 upvotes
5AMZNsplit296 comments · 1.1K upvotes

UBERheating up

MSFTsouring fast

Memory is where the crowd is parked today: Micron drew 417 comments, with Sandisk and SK Hynix riding the same AI storage trade. Nvidia and Amazon are drawing arguments on both sides, Uber chatter is heating up, and Microsoft is souring fast.

Biggest movers · At the close Sep 24, 4:11pm ET

Gainers

BRKRBruker$64.13+7.5%
TEMTempus AI$82.15+7.3%
IONQIonQ$45.01+5.8%
AFRMAffirm$71.54+5.1%
METAMeta$778.35+4.6%

Losers

ARMArm$304.35-8.5%
APPSDigital Turbine$10.94-5.2%
GPROGoPro$1.25-4.6%
GMGeneral Motors$80.22-4.2%
SNDKSanDisk$1,753.24-3.5%

Arm's 8.5% slide was the deepest move in a 111-stock priority list at Wednesday's close, with Bruker leading the upside at 7.5%.

Biggest movers · At the close Sep 18, 4:10pm ET

Gainers

MARAMarathon Digital$13.21+13.5%
SNDKSanDisk$1,787.02+10.7%
CIFRCipher Mining$18.27+7.9%
COHRCoherent$318.27+7.5%
IRENIren$46.53+7.0%

Losers

SMRNuScale Power$8.32-7.9%
IQiQIYI$1.01-7.7%
ASANAsana$9.45-6.4%
QCOMQualcomm$178.02-5.7%
GMGeneral Motors$82.35-4.9%

Bitcoin miners owned Thursday's close, led by Marathon Digital finishing 13.5% higher, with Cipher Mining and Iren both up 7% or more. Large-cap losses ran heavier than usual, with Qualcomm off 5.66% and General Motors down 4.93%.

Jim Cramer @jimcramer

Sep 18, 8:12am ET

A single $44 million bet on Micron calls expiring October 2 is the tell: someone is positioning for a violent upside move in memory and semis within two weeks.

"Someone" just bought a boatload of short data (October2) calls Intel 115 $3.8 m; Marvell 250sm $3.8 million; Sandisk 1600s $41 million, Micron $1000s $44 million. If i didn't know any better I would say Leopold is back!!!

Replies64
Reposts33
Likes435

Biggest movers · At the close Sep 4, 4:10pm ET

Gainers

GPROGoPro$1.73+24.1%
SNDKSanDisk$1,735.55+11.6%
ALABAstera Labs$311.74+10.2%
SKHYSK hynix Inc.$177.22+8.3%
IRENIren$44.65+7.2%

Losers

ASANAsana$8.9-11.8%
TSLATesla$354.48-5.8%
WDAYWorkday$195.78-5.4%
NFLXNetflix$78.31-5.3%
SNOWSnowflake$337.85-5.2%

Thursday's close split hard along hardware versus software: GoPro added 24.1% and SanDisk, Astera Labs and SK hynix all posted double-digit or near double-digit gains, while Asana, Workday and Snowflake each shed more than 5%. Tesla and Netflix fell with them.