Sandisk Unveils Ambitious 2030 Plan as Memory Stocks Rally on AI Storage Boom

Sandisk outlined a multi‑year plan through 2030 with mid‑to‑high‑teens revenue growth, ~80% gross margins and ~50% adjusted free cash‑flow margins, plus returning 100% of excess cash to shareholders. Eight customer agreements boost demand visibility for FY2027–FY2028, aiming to steady the memory cycle as AI storage demand grows, supported by BiCS9/10 NAND advances. The bullish outlook helped lift Sandisk stock about 15% and lifted peers like SK hynix, Micron and WDC, though analysts warn memory cycles remain cyclical and sustained cash generation depends on execution.