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SanDisk (SNDK) expects to return 100% of excess cash to shareholders and expects adj. FCF margin at 50% FY28-30; targets mid-to-high teens revenue growth and 80% non-GAAP gross margin FY28-30

StockNow breaking-news AI analysis

SanDisk set ambitious FY28-30 targets including 100% excess cash return, 50% FCF margin, and 80% gross margin, while Meta joined its HBF consortium with 2027 product samples planned.

News detail

Says Meta is joining consortium to develop open standard for high bandwidth flash. Expects to deliver first Hbf samples for inference devices to customers next year.

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