Sandisk, the maker of flash memory and SSDs, reported first-quarter fiscal 2027 revenue of $11.03 billion, up 378% year on year and 23% from the previous quarter. Net income reached $8.1 billion. The company announced an eight-for-one stock split, with a record date of 9 November and split-adjusted trading from 20 November. Its guidance for the next quarter came in above estimates.

What it means: Sandisk's numbers are among the most extreme signs of the memory shortage caused by AI. Data centres are buying huge volumes of fast drives to store training data and serve models, and production cannot keep up with demand. As a result, flash memory prices have jumped, and the company is selling almost five times as much in value as last year. The flip side affects every other buyer: laptops, phones, servers and enterprise storage systems are getting more expensive or arriving late. For Greek companies planning to upgrade storage or buy new computers, it makes sense to budget for higher costs and place orders earlier. For hosting and cloud providers, storage costs per terabyte are rising, which may gradually feed into service prices. The stock split does not change the company's value, it just makes each share cheaper to trade. Memory cycles have historically been sharp, so the current shortage does not necessarily mean permanently high prices.

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