[Edaily Reporter KIM YOON JI ] U.S.-based NAND flash memory manufacturer SanDisk projected on the 13th (local time) that revenue for fiscal years 2028–2030 will grow at an average annual rate in the mid-to-high 10% range, citing continued strong demand driven by the expansion of artificial intelligence (AI) infrastructure.
According to Reuters, SanDisk presented this outlook during its Investor Day event that day. SanDisk added that this aligns with the company’s “bit growth” (the growth rate of shipments measured in bits).
SanDisk’s Chief Financial Officer (CFO), Luis Bisoso, stated that the company expects its adjusted gross margin to remain at approximately 80% during the same period.
Reuters assessed that SanDisk is presenting its business outlook for several years based on committed volumes with customers, aiming to demonstrate that its recent growth trend is a sustainable trend rather than a temporary surge in demand.
SanDisk also disclosed the status of its New Business Model (NBM), which involves long-term supply agreements. SanDisk has signed contracts with eight customers, including three U.S. hyperscalers. These contracts cover approximately half of the company’s storage device production volume for fiscal year 2027 and about two-thirds for fiscal year 2028.
Alper Ilkbahar, Chief Technology Officer (CTO), announced that SanDisk has completed the tape-out of its first memory die—the individual silicon chip that stores data—for its High Bandwidth Flash (HBF) technology. Earlier this month, SanDisk announced a consortium with the SK hynix(000660)to develop an HBF industry standard.
The company is working to supply initial samples to customers developing AI inference devices next year.
HBF is a memory semiconductor that combines the speed of High Bandwidth Memory (HBM), used in AI processors, with the high-capacity storage capabilities of flash memory. This enables data centers to meet the growing memory demands associated with AI inference processes.
This outlook follows on the heels of SanDisk’s earnings announcement last week. At that time, SanDisk projected that revenue for the first quarter of its fiscal year would exceed analysts’ expectations, citing rising demand for memory semiconductors used in AI data centers.
SanDisk’s stock price rose more than 15% today. It has already risen more than sixfold so far this year. This is part of a broader trend in which memory semiconductor companies are performing strongly amid expectations that demand for memory will continue due to the rapid expansion of AI infrastructure.