Story perspectives

SanDisk Projects Mid-High Teens Revenue Growth for 2028-2030

8/18/2026

Summary

Story summary

Sandisk issued FY 2028-2030 revenue guidance projecting mid-to-high teens growth, down from a 175% rise last year.
Sandisk shares rose 8.88% to $145.74 after the guidance announcement.
Micron Technology shares climbed 4.13% to $40.09 after the guidance announcement.
Investors are trimming holdings because they fear new supply could end the memory shortage and want to lock in profits.
Micron’s market cap of $1.1 trillion exceeds Sandisk’s $265 billion.

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Story summary

Sandisk issued FY 2028-2030 revenue guidance projecting mid-to-high teens growth, down from a 175% rise last year.
Sandisk shares rose 8.88% to $145.74 after the guidance announcement.
Micron Technology shares climbed 4.13% to $40.09 after the guidance announcement.
Investors are trimming holdings because they fear new supply could end the memory shortage and want to lock in profits.
Micron’s market cap of $1.1 trillion exceeds Sandisk’s $265 billion.