SanDisk Authorizes $15.5 Billion Stock Buyback Program

SanDisk Corporation authorized a $15.5 billion stock buyback program to increase shareholder returns. The company established a financial target to maintain adjusted free cash flow at 50% of revenue for fiscal years 2028 through 2030.

First quarter guidance for fiscal year 2027 indicates resilient margins and strong demand from data centers. The company is focusing its financial strategy on disciplined capital allocation and sustainable cash generation throughout the NAND cycle to achieve earnings per share accretion.