SanDisk Posts AI-Driven Q1 Beat and Advances HBF Manufacturing
AI summary
SanDisk reported fiscal 2027 Q1 revenue of $11.03 billion, up 378% year over year and 23% quarter over quarter, while non-GAAP gross margin reached 85.1% and non-GAAP diluted EPS was $49.51. Management attributed roughly 60% of revenue growth to volume and 40% to pricing, then forecast Q2 revenue of $12.2 billion to $12.6 billion. The company also said its first High Bandwidth Flash die had completed tapeout and entered manufacturing, with initial samples planned for the next calendar year.
In-depth insight
SanDisk’s results, long-term NAND agreements and HBF manufacturing milestone show how management is positioning NAND flash for expanding AI inference workloads, though its demand and capacity projections remain company forecasts.