TradingKey – On August 13 ET, SanDisk (SNDK) hosted its 2026 Investor Day in New York, sending its stock price soaring over 17% intraday and closing up 13.67%, with total market capitalization rising to $227.688 billion. What signals did this event release to make the market so excited?
[Source: TradingView]
SanDisk’s long-term financial model was hailed by analysts as far exceeding expectations. The company expects revenue to maintain mid-to-high double-digit growth, non-GAAP gross margin to reach around 80%, operating margin around 75%, free cash flow margin around 50%, and capital expenditures to account for only about 5% of revenue for fiscal years 2028 to 2030.
Gross margins in the chip industry mostly range between 50% and 60%, while…
