SanDisk said eight customers are expected to generate $93.9 billion of total contract value under its long-term storage chip agreements, reinforcing its effort to lock in demand through floor pricing and minimum volume commitments. The contracts, previously described as 10 New Business Model agreements covering more than half of expected fiscal 2027 bit shipments and about two-thirds in fiscal 2028, are now being paired with longer-range profitability and capital return targets. SanDisk said non-GAAP gross margin should reach about 80% in fiscal 2028 through fiscal 2030, with non-GAAP operating margin around 75% and adjusted free cash flow margin at 50%. The company also said 100% of excess cash will be returned to shareholders after strategic investments and business expansion needs are met, likely through measures such as share buybacks and dividends, as improving storage industry conditions and rising high-performance computing and AI infrastructure demand support earnings.