Sandisk Announces FY2028–2030 Financial Targets, Pledges 100% of Excess Cash Back to Shareholders

According to media reports, Sandisk unveiled its long-term financial model at its Investor Day, projecting that the company's revenue will grow at mid-to-high teens during fiscal years 2028 through 2030, with growth matching bit shipment growth. Meanwhile, on a non-GAAP basis, gross margin is expected to remain at approximately 80%, with operating margin at about 75%. In addition, Sandisk stated that it will adjust the amount of available-for-sale bits based on profit optimization needs, and committed to returning 100% of remaining cash to shareholders after completing business investments.