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Everpure Secures Second Top-Five Hyperscaler Design Win
Sandisk Corp. outlined its long-term growth strategy and sustainable financial model at its 2026 Investor Day, projecting mid-to-high teens revenue growth and a 100% excess cash return to shareholders as it capitalizes on AI-driven NAND flash demand. At the "Sandisk In Focus" event, the company detailed innovations in NAND technology, including its new BiCS9 QLC and BiCS10 QLC nodes, the latter achieving a 60% increase in bit density over BiCS8. This two-dimensional scaling strategy, built on CMOS Directly Bonded to Array (CBA) technology, aims to deliver high-performance, capital-efficient memory for AI workloads. CEO David Goeckeler attributed strong performance to disciplined execution, highlighting a differentiated position from decades of NAND innovation and systems-level expertise. As AI inference expands, Sandisk expects the enterprise data center flash market to grow to 1.2 zettabytes by 2030, positioning its portfolio to meet demands for higher performance and lower power consumption. The company’s new durable Business Model (NBM) agreements, signed with eight customers covering approximately 50% of bits in FY2027 and two-thirds in FY2028, provide committed volumes and structured pricing to reduce volatility. CFO Luis Visoso unveiled a FY2028-2030 framework targeting non-GAAP gross margins near 80%, operating margins around 75%, and adjusted free cash flow margin of approximately 50%. Sandisk also highlighted momentum for its High Bandwidth Flash (HBF) memory technology as an emerging solution for AI inference, with an industry ecosystem forming to support adoption.