Memory chip manufacturer Sandisk has projected mid-to-high teens annual revenue growth from fiscal years 2028 through 2030, reflecting confidence in sustained demand for AI-driven data storage and enterprise memory solutions. The company shared its long-term financial outlook during its 2026 Investor Day.
Sandisk said it expects to maintain non-GAAP gross margins of around 80% and generate free cash flow margins of about 50% over the same period. The company also plans to return all excess cash to shareholders after funding business investments and growth initiatives.
To reduce the impact of fluctuations in the memory chip market, Sandisk has expanded its use of multi-year customer agreements. These long-term contracts are expected to cover nearly half of its production capacity in fiscal 2027 and about two-thirds in fiscal 2028, providing greater revenue stability.
Following the announcement, Sandisk shares surged as investors welcomed the company's optimistic outlook and long-term strategy, highlighting continued confidence in AI-driven demand for memory and storage technologies.
