SanDisk (NASDAQ: SNDK) presented a long-term financial outlook, according to which the company expects to grow revenue at a double-digit pace through the end of the decade. The flash-memory maker expects revenue to rise 15–20% per year in fiscal 2028–2030. The forecast reflects the company’s confidence in sustained demand for NAND memory, especially from data centers and artificial intelligence infrastructure.
SanDisk also expects to maintain adjusted gross margin at 80% and operating margin at around 75%. Thus, the company anticipates not only rapid sales growth but also the preservation of very high business profitability. Management said the new financial model should make the company’s results less dependent on the traditional cyclicality of the memory market.
The primary source of growth is the data-center market. The company notes accelerating demand for enterprise solid-state drives and NAND memory used to run artificial intelligence systems. According to management, data-center business growth in 2026 is already estimated at around 70%.
Another important factor is SanDisk’s technology strategy. The company expects to increase memory output primarily by migrating to new NAND process nodes rather than through large-scale construction of new manufacturing capacity.
A shift in the sales mix also plays an important role. SanDisk aims to allocate manufacturing capacity to the highest-margin segments. This primarily refers to enterprise SSDs and data-center solutions, where customers are willing to pay more for performance, reliability, and guaranteed supply.