Overview
- SanDisk, which held its Investor Day on Thursday, presented a financial model targeting mid-to-high-teens annual revenue growth from FY2028 through FY2030 and roughly 80% adjusted gross margins.
- Management disclosed eight multiyear customer agreements that now cover about half of expected FY2027 bit output and roughly two-thirds of FY2028 bits, providing near-term revenue visibility.
- The company unveiled BiCS10 3D NAND improvements and a High‑Bandwidth Flash (HBF) roadmap aimed at AI inference use cases, with HBF die tapeout completed and samples expected in 2027.
- SanDisk reported a blowout fiscal Q4 with $8.97 billion revenue and roughly 84.6% non‑GAAP gross margin, expanded buyback authorization to $15.5 billion, and said it will return excess cash to shareholders after funding the business.
- Analysts raised targets and the stock jumped about 13–16% after the event, but coverage cautions that faster global NAND capacity additions remain the primary risk to prices and margin durability.