Sandisk Investor Day sets FY2028–FY2030 targets: mid-to-high-teens growth, about 80% gross margin

At its August 13 Investor Day, Sandisk laid out a long-term financial model for fiscal 2028 through 2030 with mid-to-high-teens percentage revenue growth. Management targeted non-GAAP gross margin of roughly 80%, adjusted operating margin approaching 75% and adjusted free cash flow margin of about 50%, and said it would return all excess cash after business investment to shareholders. Shares rose about 7% by midday that day.

• Revenue growth FY2028–FY2030: mid-to-high-teens percent
• Non-GAAP gross margin: roughly 80%
• Adjusted operating margin: approaching 75%
• Adjusted free cash flow margin: about 50%
• Capital return: all excess cash after investment; $15.5 billion buyback authority remaining