SanDisk’s investor day targets mid-to-high teens revenue growth and 80% gross margins through FY2030, sparking broad gains in memory stocks.
SanDisk unveiled a multi-year financial model projecting mid-to-high teens revenue growth and approximately 80% non-GAAP gross margins through FY2030. The company also pledged to return 100% of excess cash to shareholders, while securing demand visibility for two-thirds of FY2028 bits under new business agreements.
Shares of SanDisk surged 15% to $1,545.35, leading gains across the memory sector. SK Hynix rose 8% to $166.26, Micron climbed 6% to $963.28, and Western Digital advanced 8% to $490.10. The Roundhill Memory ETF gained 5% to $57.33, reflecting investor optimism about the industry’s outlook.
The company’s forecast of 1.2 zettabytes in enterprise flash demand by 2030, driven by AI storage needs, further bolstered sentiment. SanDisk’s strategy aims to mitigate traditional memory-cycle volatility through long-term customer agreements.