Sandisk stock gains 5.98% as split record date arrives
Published on 11/09/2026 at 17:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSplit date meets strong quarterly outlook
- Sandisk set November 9 as the record date for its eight-for-one forward stock split.
- Split-adjusted trading is expected to begin on November 20, while ownership percentages and overall market capitalization remain unchanged.
- Fiscal second-quarter revenue guidance stands at 12.2 billion to 12.6 billion US dollars.
Sandisk stock traded at 797.50 euros on Lang & Schwarz at 4:59 p.m. CET on Monday, November 9, 2026, 5.98 percent above the 752.50-euro Lang & Schwarz quote in the company's November 6 report. The fresh price marker coincides with the record date for Sandisk's planned forward split.
Record date sets the next split step
Sandisk announced the eight-for-one split with its fiscal first-quarter results on October 29. According to the company's earnings release, holders of record at the close of business on November 9 will receive seven additional shares for each share held. The additional shares are expected to be issued after the market close on November 19.
Trading is scheduled to begin on a split-adjusted basis at the market open on Friday, November 20, under the existing SNDK symbol. Sandisk said the transaction will not change overall market capitalization or stockholder ownership percentages, so the lower post-split share price will be a mechanical adjustment rather than a change in underlying company value.
Strong demand supports near-term outlook
The October 29 release showed fiscal first-quarter revenue of 11.031 billion US dollars, up 23 percent from the prior quarter. Data-center revenue rose 61 percent sequentially to 4.802 billion US dollars, while consumer revenue declined 29 percent to 397 million US dollars.
Sandisk guided fiscal second-quarter revenue to 12.2 billion to 12.6 billion US dollars and non-GAAP diluted earnings per share to 55.00 to 57.00 US dollars on a pre-split basis. The company expects non-GAAP gross margin of 84.5 percent to 85.5 percent; the measure excludes stock-based compensation and other specified adjustments.
The combination of strong data-center demand and weaker consumer revenue leaves the business increasingly exposed to enterprise storage spending and memory pricing. For investors, the split changes the share count and quoted price, while the earnings outlook remains the more relevant fundamental reference.
US technology stocks provide the broader market context for S&P 500 constituents.
More reporting and analysis is available on Sandisk stock.
Sandisk Corporation at a glance
- Company: Sandisk Corporation
- ISIN: US80004C2008
- Ticker: SNDK
- Primary exchange: Nasdaq
- Lang & Schwarz quote: 797.50 euros at 4:59 p.m. CET on November 9, 2026
- Change versus November 6 report quote: plus 5.98 percent
- Forward split: Eight-for-one; seven additional shares per existing share
- Split-adjusted trading: Expected from November 20, 2026
