$SNDK 🚀 SanDisk Unveils Ambitious Growth Targets as AI Storage Demand Accelerates.
SanDisk used its 2026 Investor Day to outline a long-term growth strategy centered on rising demand for flash storage from artificial intelligence and data centers. The company expects revenue to grow at a mid-to-high teens annual rate from fiscal 2028 through 2030, while targeting adjusted gross margins of about 80% during that period. 📈
A major part of the strategy is SanDisk’s new business model agreements with large customers. The company said these multi-year contracts are designed to provide greater visibility and reduce the historical cyclicality of the NAND market, with roughly half of its 2027 capacity and about two-thirds of its 2028 capacity already covered by agreements. SanDisk also plans to return excess cash to shareholders after funding business investments. 🤖$SNDKB
SanDisk used its 2026 Investor Day to outline a long-term growth strategy centered on rising demand for flash storage from artificial intelligence and data centers. The company expects revenue to grow at a mid-to-high teens annual rate from fiscal 2028 through 2030, while targeting adjusted gross margins of about 80% during that period. 📈
A major part of the strategy is SanDisk’s new business model agreements with large customers. The company said these multi-year contracts are designed to provide greater visibility and reduce the historical cyclicality of the NAND market, with roughly half of its 2027 capacity and about two-thirds of its 2028 capacity already covered by agreements. SanDisk also plans to return excess cash to shareholders after funding business investments. 🤖$SNDKB