# Sandisk Sets Mid-to-High-Teens Growth Target Through 2030 as AI Storage Demand Expands > Source: > Published: 2026-08-14 11:04:40.680246+00:00 # Sandisk Sets Mid-to-High-Teens Growth Target Through 2030 as AI Storage Demand Expands - 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. [[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. [[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. [[1]](https://investor.sandisk.com/news-releases/news-release-details/sandisk-details-growth-strategy-and-long-term-financial-model) Sandisk 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) The 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) ## AI storage and contracted demand Sandisk 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) The 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) ## Companies mentioned ## Further sources The stories that matter, in one email. Free — unsubscribe anytime.