Sandi: Expects Gross Margin of Approximately 80% for FY 2028-2030, Achieves Mid- to High-Teen Revenue Growth, and Will Return 100% of Excess Cash to Shareholders

August 13th, SanDisk: Targets to achieve high double-digit revenue growth in FY 2028 to 2030. It is expected that the non-GAAP gross margin for FY 2028 to 2030 will be around 80%. The non-GAAP operating margin for FY 2028 to 2030 is expected to be approximately 75%. Excess cash will be returned to shareholders after investment in the business.

According to BIT (bit.com) market data, SanDisk's intraday gain expanded to 6.3%.