闪迪(SNDK.US)2026财年第二季度电话会：预计数据中心业务在近期和长期都将显著增长

Core Viewpoint - The company is experiencing significant growth driven by AI infrastructure expansion, particularly in the data center segment, with a notable increase in enterprise SSD demand due to AI workloads [6][13][20]. Group 1: Financial Performance - The company reported revenue of $3 billion for the second quarter, a 31% increase quarter-over-quarter and a 61% increase year-over-year [15]. - Non-GAAP earnings per share (EPS) for the quarter were $6.20, exceeding guidance of $3 to $3.40 [16]. - The non-GAAP gross margin was 51.1%, significantly higher than the previous quarter's 29.9% and above the guidance of 41% to 43% [15][16]. Group 2: Market Dynamics - The NAND market is undergoing a structural evolution driven by AI, with increasing demand for storage in data centers as data temperatures rise and workloads expand [13][20]. - The company is prioritizing long-term agreements with strategic customers to ensure supply certainty and better align with market demand [7][14]. - The data center segment is expected to see significant growth in both the short and long term, with enterprise SSD demand accelerating [8][20]. Group 3: Product Development and Innovation - The company is advancing next-generation product innovations and certifications, with key customer projects progressing as planned [8]. - The BiCS8 TLC solution is driving significant revenue growth in the data center product portfolio, which saw a 64% increase quarter-over-quarter [9]. - The company launched the Sandisk Extreme Fit, a breakthrough USB-C flash drive, enhancing its consumer product offerings [10][11]. Group 4: Strategic Partnerships and Investments - The company extended its joint venture agreement with Kioxia until December 2034, ensuring a stable supply of NAND technology [17]. - The company is focused on maintaining a cautious capital expenditure plan while supporting mid-to-high single-digit bit growth through the BiCS8 transition [14][17]. - The company is committed to investing in R&D and capital expenditures to support the development of advanced semiconductor technologies [16][70].