{"slug": "sandisk-sets-mid-to-high-teens-growth-target-through-2030-as-ai-storage-demand", "title": "Sandisk Sets Mid-to-High-Teens Growth Target Through 2030 as AI Storage Demand Expands", "summary": "Sandisk Corp. set a fiscal 2028-to-2030 financial framework targeting mid-to-high-teens annual revenue growth, approximately 80% non-GAAP gross margins, approximately 75% non-GAAP operating margins, and adjusted free cash flow equal to about 50% of revenue, driven by AI storage demand. The company said eight customers signed new-business-model agreements representing $93.9 billion of minimum contracted revenue at floor pricing, covering about half of fiscal 2027 bits and roughly two-thirds of fiscal 2028 bits.", "body_md": "# Sandisk Sets Mid-to-High-Teens Growth Target Through 2030 as AI Storage Demand Expands\n\n- Sandisk expects mid-to-high-teens revenue growth, approximately 80% non-GAAP gross margins and approximately 75% non-GAAP operating margins for fiscal 2028 through fiscal 2030.\n[[1]](https://investor.sandisk.com/news-releases/news-release-details/sandisk-details-growth-strategy-and-long-term-financial-model) - Eight new-business-model agreements cover about half of fiscal 2027 bits and roughly two-thirds of fiscal 2028 bits, helping support the company’s long-range assumptions.\n[[1]](https://investor.sandisk.com/news-releases/news-release-details/sandisk-details-growth-strategy-and-long-term-financial-model) - Sandisk did not set a dollar capex target. Its 50% adjusted free-cash-flow margin is calculated after capital expenses, taxes and working capital.\n[[1]](https://investor.sandisk.com/news-releases/news-release-details/sandisk-details-growth-strategy-and-long-term-financial-model)\n\nSandisk laid out a fiscal 2028-to-2030 financial framework built around mid-to-high-teens annual revenue growth, approximately 80% non-GAAP gross margins and approximately 75% non-GAAP operating margins. The company also expects adjusted free cash flow to equal about 50% of revenue after taxes, capital expenses and working capital. [[1]](https://investor.sandisk.com/news-releases/news-release-details/sandisk-details-growth-strategy-and-long-term-financial-model)\n\nThe targets are management’s assumptions, not Wall Street forecasts. Sandisk did not publish a multi-year dollar capex figure in its investor-day release or a written transcript on the event page; it said excess cash would be returned to shareholders after investment in the business. [[1]](https://investor.sandisk.com/news-releases/news-release-details/sandisk-details-growth-strategy-and-long-term-financial-model)[[2]](https://investor.sandisk.com/events/event-details/2026-sandisk-investor-day)\n\n## AI storage and contracted demand\n\nSandisk said AI inference is increasing storage requirements as token use and KV-cache workloads expand. It estimates the available market for enterprise data-center flash will reach 1.2 zettabytes by 2030. [[1]](https://investor.sandisk.com/news-releases/news-release-details/sandisk-details-growth-strategy-and-long-term-financial-model)\n\nThe company said eight customers have signed new-business-model agreements representing $93.9 billion of minimum contracted revenue at floor pricing. The agreements cover about 50% of bits in fiscal 2027 and about two-thirds in fiscal 2028, with weighted-average duration of more than four years. [[3]](https://investor.sandisk.com/static-files/c75d1bee-c5c9-4e5a-8605-302c1aeac59b)\n\n## Companies mentioned\n\n## Further sources\n\nThe stories that matter, in one email. Free — unsubscribe anytime.", "url": "https://wpnews.pro/news/sandisk-sets-mid-to-high-teens-growth-target-through-2030-as-ai-storage-demand", "canonical_source": "https://mlq.ai/news/sandisk-sets-mid-to-high-teens-growth-target-through-2030-as-ai-storage-demand-expands/", "published_at": "2026-08-14 11:04:40.680246+00:00", "updated_at": "2026-08-14 11:04:42.588437+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure"], "entities": ["Sandisk Corp."], "alternates": {"html": "https://wpnews.pro/news/sandisk-sets-mid-to-high-teens-growth-target-through-2030-as-ai-storage-demand", "markdown": "https://wpnews.pro/news/sandisk-sets-mid-to-high-teens-growth-target-through-2030-as-ai-storage-demand.md", "text": "https://wpnews.pro/news/sandisk-sets-mid-to-high-teens-growth-target-through-2030-as-ai-storage-demand.txt", "jsonld": "https://wpnews.pro/news/sandisk-sets-mid-to-high-teens-growth-target-through-2030-as-ai-storage-demand.jsonld"}}