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Sandisk shares rise significantly following the announcement of long-term financial targets for fiscal years 2028 to 2030.

Sandisk shares climbed more than 15% on Thursday following the company's presentation of long-term financial targets for fiscal years 2028 through 2030. The company expects to achieve mid-to-high teens revenue growth and adjusted gross margins of approximately 80% during this period. Sandisk plans to leverage its NAND flash business and long-term customer relationships to support this growth model. The company stated that excess cash generated after business investments will be returned to shareholders. Analysts from RBC Capital and Raymond James noted that the multi-year customer contracts provide financial guarantees and lower volatility in a cyclical industry. JPMorgan analyst Harlan Sur highlighted that Sandisk is uniquely positioned to achieve structural growth in NAND demand driven by AI inference. Since spinning off from Western Digital in February 2025, Sandisk has gained over 540% year to date as memory and storage become critical components in AI infrastructure.

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