Sandisk: Buy the Pullback — Market Is Pricing a Fraction of Management's Margin Vision
Sandisk's investor day (08/14/2026) laid out ambitious targets - mid-to-high-teens revenue growth, ~80% gross margins, ~75% operating margins and ~50% free cash flow margins through fiscal 2030. The market is clearly skeptical: the stock trades with a $250.0B market cap and conservative multiples that embed a much lower long-term margin profile. Th…