SanDisk: Will return 100% of excess cash to shareholders; invested $5 billion in share repurchases in the first fiscal quarter.

SanDisk management said on the fiscal 2027 first-quarter earnings call on Thursday, Eastern Time, that "approximately 60% of this quarter's revenue growth was attributable to volume growth and 40% to price increases." Based on strong order visibility, SanDisk expects second-quarter revenue to be between $12.2 billion and $12.6 billion. Meanwhile, the company has committed to returning 100% of excess cash to shareholders and has already spent $5 billion on share repurchases this quarter.