Sandisk Jumps 6% After Targeting Mid-Teens Growth and 80% Gross Margins by 2030
Updated
Updated · Yahoo Finance · Aug 14
Sandisk Jumps 6% After Targeting Mid-Teens Growth and 80% Gross Margins by 2030
1 articles · Updated · Yahoo Finance · Aug 14
Summary
Sandisk rose 6% Friday after a 13% jump a day earlier, as investors embraced long-term targets unveiled at the company’s investor day.
The NAND maker projected annual revenue growth in the mid-to-high teens from 2028 to 2030 and about 80% non-GAAP gross margins, signaling a less cyclical, more durable earnings model.
RBC and Raymond James said multi-year hyperscaler contracts with fixed-pricing elements and financial guarantees support pricing sustainability, while JPMorgan argued AI inference demand leaves Sandisk well placed in NAND.
More than 540% year to date, Sandisk has become one of the market’s biggest winners since its 2025 spin-off from Western Digital, even as investors still debate whether today’s memory shortage could later flip into oversupply.