Sandisk Targets 50% Cash Flow Margin and $15.5B Buyback Authorization

Key Facts

1Sandisk management targets adjusted free cash flow at 50% of revenue for FY2028–FY2030.

2The company has a $15.5B buyback authorization following a 26.1% stock pullback.

Sandisk Corporation management is targeting adjusted free cash flow at 50% of revenue for the fiscal years 2028 through 2030. Seeking Alpha reported that the company maintains a $15.5 billion buyback authorization following a 26.1% pullback in the stock price.

These targets are designed to demonstrate sustainable cash generation through the NAND cycle and utilize buyback capacity for EPS accretion. SNDK closed at $1394.83 on October 15, 2026, after trading between a session low of $1276 and a high of $1397.64.