SanDisk sets 2028–2030 model with mid-to-high teens revenue growth and ~80% adjusted gross margin
AI Market Summary
SanDisk's 2028–2030 long-term model targets mid-to-high teens revenue growth with very high adjusted margins, aiming to counter fears of a memory-cycle downturn after outsized FY2026 results. The latest quarter showed $8.96B revenue (+372% YoY) and strong data-center momentum, alongside upbeat near-term guidance. The combination of rapid growth, shareholder-return messaging, and supportive analyst positioning strengthens sentiment around the stock in the short term.
Impact level
● Medium
Affected assets
NCSKSNDK2USD/USDT-0.03%
AI Insight · NCSKSNDK2USD/USDTAI Insight
▲ Bullish
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SanDisk has issued a long-term outlook for 2028 to 2030, forecasting revenue growth in the mid-to-high teens, adjusted gross margin of around 80%, and an adjusted operating margin of 75%. The stock trades at a forward P/E of 7.6, compared with 21x for the broader index. In the latest quarter, revenue was $8.96 billion, up 372% year over year. A Cantor Fitzgerald analyst set a $2,900 price target, implying 87% upside.
