又一存储龙头涨价50%，多股年内翻倍！

Core Viewpoint - SanDisk, a leading flash memory company, has significantly raised NAND flash contract prices by up to 50% in November, marking at least the third price increase this year, driven by supply shortages and rising demand in the storage chip market [1][3][9]. Company Performance - SanDisk reported a substantial increase in revenue for the first fiscal quarter of 2026, reaching $2.31 billion, a year-on-year growth of 22.6% and a quarter-on-quarter increase of 21%, exceeding market expectations [3]. - The company's operating profit surged to $176 million, a remarkable increase of 878% quarter-on-quarter, with a net profit of $110 million, contrasting with a loss of $23 million in the previous quarter [3]. Market Outlook - For the second fiscal quarter of 2026, SanDisk has a positive outlook, projecting revenue between $2.55 billion and $2.65 billion [4]. - The NAND flash market is expected to continue facing supply shortages until the end of 2026, with indications that this tight supply situation may extend into 2027 [4][11]. Industry Trends - The storage chip market is experiencing a significant supply shortage, exacerbated by the rapid expansion of artificial intelligence applications, leading to a structural and long-term shortage in the global memory industry [11]. - The supply-demand gap has reportedly widened from an initial estimate of 70-80% to 100%, indicating that the shortage issue is unlikely to be resolved until the second half of 2027 [11][12]. - Price increases in the storage market are expected to persist, with DRAM prices continuing to rise amid ongoing supply constraints [12]. Related Company Performance - Other leading storage module manufacturers, such as Jiangbolong, have also reported impressive earnings growth, with Jiangbolong's third-quarter revenue reaching 6.539 billion yuan, a year-on-year increase of 54.6%, and a net profit growth of 1994.42% [5][6]. - The A-share storage chip sector has seen significant stock price increases, with several companies experiencing over 200% growth year-to-date [6]. Market Reactions - The price hikes initiated by SanDisk have triggered a chain reaction among storage module manufacturers, leading companies like Transcend to suspend shipments and reassess pricing strategies [9][10]. - Major players in the industry, including Samsung, have also paused contract pricing for DDR5 memory, contributing to a supply chain disruption and a rapid increase in DDR5 prices by 25% within a week [10].