Sandisk (SNDK) said Thursday it expects revenue to grow at a mid-to-high-teens rate from fiscal 2028 through fiscal 2030.

During that period, the company also expects non-GAAP gross margins to sustain at about 80% and non-GAAP operating margins at roughly 75%.

The company said it expects to return 100% of excess cash to shareholders after investing in the business.

Shares of Sandisk were up 13.5% in Thursday afternoon trading.

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