Sandisk: 3 Key Takeaways for Long-Term Investors

Sandisk reported Q1 2027 revenue of $11 billion, up 378% year-over-year, driven by surging AI-related data center demand for NAND flash memory. The company secured long-term customer contracts through 2030, with data center applications now representing half of industry memory demand. With $5.1 billion in cash and zero debt, Sandisk returned excess cash to shareholders through $5 billion in share repurchases and announced an 8-for-1 stock split.