Storage shares continued to jump on Thursday. SanDisk surged about 13%; Western Digital up nearly 9%; SK Hynix up over 7%; Micron up 6%; DRAM, Seagate Tech up about 5%.
Sandisk hosted its In Focus 2026 Investor Day, outlining its long-term growth strategy and financial framework for FY2028-FY2030.
Management projected mid-to-high teens revenue growth, about 80% non-GAAP gross margin, about 50% adjusted free cash flow margin, 100% excess cash returns.
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