Sandisk (SNDK) official guidance

No, we're committed to the bit growth we talked about, mid to high teens.

We expect gross capital spending to increase during the balance of the year and represent mid-single digit percentage of revenue for fiscal year 2027.

On a pre-split basis, we expect non-GAAP EPS between $55 and $57, assuming 151 million fully diluted shares.

On a pre-split basis, we expect non-GAAP EPS between $55 and $57, assuming 151 million fully diluted shares.

We expect non-GAAP gross margin between 84.5% and 85.5%, which includes modest like for like price increases.

We had shared with you that about 50% of our bits are under NBM for 2027 and about two-thirds for 2028, and we expect that number to continue to go a little bit higher from the two-thirds.

For the second quarter of fiscal year 2027, we expect revenue between $12.2 billion and $12.6 billion.

| Diluted Shares Outstanding | ~ 151 | ~ 151 |

| Tax Expense (2) | N/A | 14.3% |

| Gross Margin | 84.4% - 85.4% | 84.5% - 85.5% |

| Operating Expenses | $677 - $745 | $540 - $560 |

| Operating Expenses | $677 - $745 | $540 - $560 |

| Revenue | $12,200 - $12,600 | $12,200 - $12,600 |

| Revenue | $12,200 - $12,600 | $12,200 - $12,600 |

Consistent with our long-term objective of growing supply mid to high teens, our capital spending will increase year over year, primarily as we ramp BiCS8 and BiCS10.

We expect first quarter non-GAAP EPS between $44-$46, assuming 155 million fully diluted shares.

We expect first quarter non-GAAP EPS between $44-$46, assuming 155 million fully diluted shares.

We expect non-GAAP gross margins between 83%-85%.

We expect non-GAAP operating expenses between $520 million-$540 million, as we continue to invest in innovation and R&D and have higher expenses related to taxes on employee stock compensation.

For the first quarter of fiscal year 2027, we expect revenue between $10.3 billion-$10.8 billion, with sequential growth driven by both bit growth and higher pricing.