On August 14, SanDisk Corp. rose 7.21% in regular trading, trading at $1640.645/share with turnover of $3.749 billion, extending the prior session's 13%+ surge.

The rally was driven by SanDisk's Investor Day held on August 13, where the company unveiled long-term financial targets for FY2028-2030 that far exceeded market expectations. The company projected mid-to-high-teens revenue growth, non-GAAP gross margins of approximately 80%, operating margins of roughly 75%, and adjusted free cash flow margins of about 50%. SanDisk also committed to returning 100% of excess cash to shareholders after business investments, with $15.5 billion in remaining buyback capacity.

The company disclosed $939 billion in total contract value from eight long-term customer agreements covering approximately two-thirds of FY2028 bit shipments. Additionally, SanDisk announced its HBF (High Bandwidth Flash) chip has completed tapeout, with initial samples expected for delivery to customers next year. Multiple investment banks responded positively, with JPMorgan assigning a $2,250 target and RBC raising its target to $1,600.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)