Sandisk forecasts mid-to-high-teens revenue growth through 2030

During SanDisk's Investor Day, finance chief Luis Visoso indicated that adjusted gross margins are expected to hold steady at approximately 80% over the same multi-year timeframe. The company is employing a new business model that includes agreements with eight customers, three of which are U.S. hyperscalers, to secure committed volumes. These agreements cover about half of its storage output in fiscal 2027 and two-thirds in fiscal 2028, aiming to demonstrate sustained growth beyond a temporary demand surge.

Chief Technology Officer Alper Ilkbahar revealed that SanDisk has completed the design of its first memory die for High Bandwidth Flash (HBF) technology. This HBF memory chip is designed to combine the speed of high-bandwidth memory used with AI processors and the capacity of flash memory, addressing the increasing memory demands for AI inference in data centers. Initial samples are slated for delivery to customers developing AI inference devices next year. This forward-looking outlook follows SanDisk's recent financial report, which also included a forecast for first-quarter revenue exceeding analyst expectations, attributed to heightened demand for AI data center memory chips.