Framing Analysis
Sandisk projects mid-to-high teens percentage revenue growth and approximately 80 percent adjusted gross margins from fiscal 2028 to 2030, aligned with storage bit growth. The company has secured agreements covering two-thirds of its 2028 storage output with eight customers, including three U.S. hyperscalers. Shares have risen more than sixfold year-to-date, with initial High Bandwidth Flash samples planned for 2026.