SanDisk Forecasts Strong Growth Through Fy2030

Dow Jones
08/14

0434 GMT - SanDisk expects revenue to grow at a mid-to-high teens annual rate through fiscal 2030, according to targets unveiled at its investor day this week. The memory-chip maker outlines an ambitious long-term financial plan, forecasting average gross margins of around 80% and operating margins near 75% between fiscal 2028 and 2030. Adjusted free-cash-flow margin is projected at roughly 50%, while capital spending is expected to remain at a mid-single-digit percentage of revenue. SanDisk says it plans to prioritize more reliable, high-volume business while focusing on strategic customers that value its products.

 

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