Citi Analyst Foresees Tight NAND Supply Through 2028, Benefiting Sandisk
Micron Technology's Q4 results indicate that the supply of NAND memory is expected to remain constrained through calendar year 2028. This outlook was highlighted by Citi Research analyst Atif Malik as a positive development for SanDisk. According to Malik’s analysis, Micron saw sequential growth in NAND revenue and bit shipments due to rising prices driven by tight market conditions. NAND pricing increased approximately 30%, outperforming both consensus estimates of +20% quarter-over-quarter (qq) and Citi's own forecast of +34% qq. The continued supply constraints are expected to support higher pricing power for companies like SanDisk, which could benefit from the ongoing demand-supply imbalance in NAND memory markets.
Topics: earnings report market outlook NAND memory supply dynamics