Core Insights - Demand for NAND flash products from SanDisk continues to exceed supply capabilities, a situation expected to persist until the end of 2026 and beyond [1] - SanDisk's CEO David Goeckeler noted a shift in customer contracts from traditional quarterly submissions to long-term contracts, with clients sharing demand forecasts for the entire year of 2027 [1] - Data centers are projected to become the largest source of demand for NAND flash in 2026, surpassing mobile devices, indicating a significant transformation in the NAND market [1] Financial Performance - SanDisk reported Q1 FY2026 revenue of $2.308 billion, representing a 23% year-over-year increase and a 21% quarter-over-quarter increase, with data center revenue growing by 26% quarter-over-quarter [3] - The proportion of BiCS8 in SanDisk's Q1 shipments was 15%, expected to dominate capacity by the end of the fiscal year [3] - For Q2 FY2026, SanDisk anticipates revenue of approximately $2.6 billion [3]
闪迪：NAND闪存市场供小于求局面将延续至少1年