SanDisk Forecasts 80% Gross Margin and Double-Digit Revenue Growth Through 2030

SanDisk projects ~80% gross margins and double-digit revenue growth for FY28-30, pledging 100% excess cash return to shareholders, driving a 6.3% stock surge.

Woofun AI reports that SanDisk outlined financial targets for fiscal years 2028 through 2030, aiming for double-digit revenue growth at moderate to high levels. The company anticipates maintaining a non-GAAP gross margin near 80% and an operating margin of approximately 75% during this period. All excess cash generated after capital allocation will be returned to shareholders. Following the announcement, SanDisk shares increased by 6.3% in trading.