SanDisk Pledges All Excess Cash to Shareholders at 2026 Investor Day

At its August 13, 2026 Investor Day, SanDisk (Nasdaq: SNDK) pledged to return 100% of excess cash — what remains after capital spending, working capital, and debt obligations — to shareholders. With no fixed dividend floor, payouts will rise and fall with NAND pricing cycles and free cash flow. Revenue, margin, and capex targets weren't disclosed. Roughly a year after spinning off from Western Digital, management is signaling financial maturity.