US Stock Market Move | Sandisk (SNDK.US) saw its stock rise by 14%, with a goal to achieve mid-to-high double-digit revenue growth in the fiscal years 2028 to 2030.

On Thursday, SanDisk (SNDK.US) saw its share price increase by 14%, driving the storage sector higher. In news, the Chief Financial Officer of SanDisk stated that the company expects to receive a total contract value of $93.9 billion from eight clients during the contract period. After investing in the business, SanDisk plans to return excess cash, intending to return all surplus cash to shareholders. SanDisk aims to achieve mid-to-high double-digit revenue growth in the fiscal years 2028 to 2030, with a projected non-GAAP gross margin of about 80% and a projected non-GAAP operating margin of approximately 75% during that period.