Sandisk shares jumped 15% after the company's 2026 Investor Day, where management laid out an aggressive financial framework for FY2028 through FY2030 built on AI-driven demand for flash storage. The move pushed the stock back above a key moving average that traders had watched break down three times since late July.
Sandisk stock surged 15% on the day, trading in a range between $1,331.58 and $1,580.00, after the company used its 2026 Investor Day to unveil long-term growth plans and financial targets. The company pointed to AI inference as a driver of demand for flash storage in data centers.
AI demand and long-term contracts
According to InvestingLive: "enterprise data-center flash market potentially reaching 1.2 zettabytes by 2030". Sandisk said it is developing higher-density NAND and High Bandwidth Flash technology to capture that growth. The company is also shifting toward longer-term customer agreements meant to smooth out the NAND business's usual volatility.
Those agreements already cover about 50% of expected FY2027 bits and roughly two-thirds of FY2028 bits.
FY2028-FY2030 financial targets
For FY2028-FY2030, Sandisk expects mid-to-high teens revenue growth alongside roughly 75% non-GAAP operating margins and 50% adjusted free-cash-flow margins. Non-GAAP gross margins are targeted near 80%, and operating expenses are expected to stay low, at approximately 5% of revenue. Sandisk also plans to return 100% of excess cash to shareholders after funding investment in the business.
Technical levels traders are watching
The most important development on the chart is the move back above the 100-day moving average at $1,389.04, a level tied to moving-average analysis. Since July 24, price had slipped below that average on three separate occasions, and each break led to increased downside momentum. Buyers now want to hold the stock above it.
For closer risk, traders can look toward the 200-hour moving average at $1,460.14. On the upside, the next major target sits near $1,679.08, the 50% retracement of the decline from the June 22 all-time high and a level that lines up with swing highs going back to July 23.
A move above $1,679.08 — and staying there — would mark another bullish technical analysis development and open the door for further upside momentum.
Source: InvestingLive
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