Sandisk Revenue Nearly Quintuples as Stock Split Looms

Sandisk is one of the standout performers in the S&P 500. Its stock has risen more than 2,600% in the 20 months since the flash storage maker separated from Western Digital, and it now trades at one of the highest per-share prices in the index.

That price is the reason a stock split is on the way. Companies whose shares climb this far often split them to bring the price per share down, which can make the stock easier for smaller investors to buy. A split changes the number of shares and their price, but not the total value of the company.

The rally has also been backed by the business. Sandisk's revenue has nearly quintupled, a jump large enough that it is hard to explain as investor enthusiasm alone. Investors will be watching whether that growth holds up now that the stock is priced so high.