SanDisk Stock Surges 14% on $94B Order Backlog and 80% Margin Target

SanDisk shares jump 14% after revealing $93.9B in chip orders and targeting 80% non-GAAP gross margin by FY2030, driven by AI storage demand.

Woofun AI reports that SanDisk disclosed $93.9 billion in pending chip orders during its investor day event. The company established a target to reach an 80% non-GAAP gross margin by fiscal year 2030.

Following the announcement, SanDisk shares rose nearly 14% on August 13. Since separating from Western Digital in February 2025, the stock has gained over 571% year-to-date, attributed to rising AI storage demand.