#SanDiskLongTermDeals

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About SanDiskLongTermDeals

SanDisk rose over 10% intraday and closed up more than 8%, with Micron, Western Digital and SK Hynix also higher. The market was reassessing its investor day plan: mid to high double digit revenue growth from FY2028 to FY2030, adjusted gross margin near 80%, and 100% of excess cash returned to shareholders. Reports say SanDisk signed new business model deals with 8 customers, running up to 5 years and worth about $93.9B. Whether those contracts steady revenue and hold margins decides the rally.