Sandisk sees revenue nearly quintuple — and a stock split is on the way

Sandisk's revenue has grown nearly fivefold, and the company has signaled a stock split ahead. The move comes after a remarkable run: shares are up more than 2,600% since Sandisk separated from Western Digital 20 months ago, leaving it with one of the highest share prices in the S&P 500.

For investors, the revenue figure is the more substantive signal. A near-quintupling of sales points to a meaningful shift in the business's scale since the spinoff, rather than sentiment alone. The split, by contrast, is largely structural — it lowers the per-share price and can broaden accessibility, but it does not change the company's underlying value or earnings.

What to watch is whether the revenue trajectory holds as the standalone company matures. Rapid growth off a spinoff base can be harder to sustain, and a share price that has multiplied this quickly embeds high expectations. Details of the split's timing and ratio, along with upcoming results, will offer the clearest read on whether the operating momentum behind the headline is durable.