Sandisk's bold FY2030 plan sends shares soaring
Sandisk jumped more than 15% after Investor Day unveiled targets through fiscal 2030, with projected revenue rising in the mid-to-high teens from 2028–2030, adjusted gross margins around 80% and adjusted operating margins near 75%. Management aims for about 50% adjusted free cash flow margin, keeps operating expenses around 5% of revenue, and plans to return excess cash to shareholders, leveraging its NAND flash business and long-term customer relationships amid questions about sustaining memory demand.