$Sandisk(SNDK.US)$Micron Tech(MU.US)

Hello everyone!

SanDisk's new patent was revealed today, which finally explains its strong performance recently. Some information is asymmetric. I've been thinking for the past few days: SanDisk has surged so much and remains so strong. It feels like it's not Micron Technology reporting earnings, but SanDisk?!

In the last earnings call, besides the long-term agreements, SanDisk revealed two other important pieces of information: 1. For Q3 fiscal quarter (i.e., Q1 of the 2026 calendar year), bit shipments were flat year-over-year but down 10% quarter-over-quarter, mainly due to stockpiling for the next quarter, meaning QLC SSDs will ship in large volumes in Q2. Shipments for the 2026 fiscal year are expected to increase by nearly 20%.

2. The Chairman and CEO said: We are very proud of our technology... Frankly, the value of our technology has always been recognized by the market, but in the past, this value was captured by others, not the producers. Now, we are distributing this value more fairly.

/// SanDisk has always been a leader in the NAND field, but unfortunately, it had no arena to showcase its skills before. Only in the AI era can its technological advantages be better utilized. From HBF to this patent, it shows it's leading by a lot. In terms of wafer manufacturing processes, Kioxia and SanDisk have also been leading the industry.

The launch of HBF in the second half of the year marks the starting point of SanDisk's transformation into a storage giant!