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

Aug 13 : Sandisk on Thursday said it expects revenue to grow at a mid-to-high-teens percentage rate from fiscal years 2028 to 2030, encouraged by strong demand amid rapid AI infrastructure buildout.The company said the projection is in line with growth in the amount of storage capacity it produces, a metric the industry calls "bit growth."Shares of the company were up more than 15 per cent. They have recorded an over sixfold gain so far this year, part of a broader rally among memory chipmakers as investors bet on sustained demand from rapid AI infrastructure expansion.Here are some more details: • Speaking at Sandisk's Investor Day, finance chief Luis Visoso said the company expects adjusted gross margins to remain at around 80 per cent over the same period.• By laying out a multi-year fr