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, surpassing mobile devices for the first time in 2026, indicating a significant transformation in the NAND market [1] Financial Performance - SanDisk reported revenue of $2.308 billion for Q1 FY2026, representing a year-over-year growth of 23% and a quarter-over-quarter growth of 21%, with data center revenue increasing by 26% sequentially [3] - The proportion of BiCS8 in SanDisk's shipments was 15% in the first fiscal quarter, expected to dominate capacity by the end of the fiscal year [3] - For Q2 FY2026, SanDisk anticipates achieving approximately $2.6 billion in revenue [3]