SanDisk stock rose nearly 14% on August 13 after the company disclosed a $93.9 billion customer backlog and set a target of 80% non-GAAP gross margins through fiscal 2030 at its Investor Day. According to BeInCrypto, Chairman and CEO David Goeckeler said the 18-month turnaround plan is paying off, while SanDisk reported $93.9 billion in total contract value from eight customers, with $91.1 billion still to be recognized.
