Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTMwangi EnosSat, August 15, 2026 at 3:37 AM GMT+2 4 min readNo day is a dull one when talking about SanDisk (SNDK). We have had lots of interesting positive angles before.On Thursday, Aug. 13, SanDisk gave investors something bigger than a quarterly beat or an analyst upgrade. It gave them a long-term financial model.And of course, the market had to react, responding with a 13.67% single-session surge to $1,528.11, according to Yahoo Finance.SNDK is up 580.52% year to date, nearly doubling the second-best S&P 500 performer (Dell), according to Slickcharts data. The one-year return stands at a massive 3,150.61%.And CEO David Goeckeler's message at Investor Day was that the best chapter is yet to come.Also Read: SanDisk Latest News and StoriesHere is what SanDisk revealed at Investor DayThe headline from 2026 Investor Day is the long-term financial model spanning fiscal years 2028 through 2030.Revenue is expected to grow in the mid-to-high teens annually.Adjusted gross margins are projected at approximately 80%.Adjusted operating margins are expected at approximately 75%. Operating expenses are targeted at roughly 5% of revenue. Adjusted free cash flow margin is expected at approximately 50% after taxes, capital expenditures, and working capital.The shareholder return commitment could be your most striking element. Why? SanDisk expects to return 100% of excess cash to shareholders after investing in the business. For a company generating free cash flow margins of 50% on a revenue base that is growing double digits annually, that policy implies an extraordinary cash return trajectory for shareholders over the three-year period.CFO Luis Visoso shared additional thoughts during the Investor Day presentation.We are optimizing for growth, sustainability, and returns."Our confidence in the sustainability of the model comes from our multi-year NBMs that are based on intimate relationships with our customers and grounded in innovation and collaboration," he continued. SanDisk Q4 fiscal 2026 results actually validated Investor Day's credibilityThe long-term targets carried weight because they arrived alongside a Q4 fiscal 2026 earnings print that was itself extraordinary, according to SanDisk's Aug. 5 earnings release.Q4 revenue reached $8.97 billion, up 51% sequentially from Q3 and 372% year over year (YoY)Full-year fiscal 2026 revenue totaled $20.25 billion, up 175% YoY from $7.35 billion in fiscal 2025.Data center revenue for Q4 hit $2.98 billion, up 103% sequentially. Full-year data-center revenue of $5.15 billion represented a 437% YoY increase from $960 million in fiscal 2025.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info