--- title: "SanDisk's quarterly EPS may reach $10–12! Cantor expects the peak profitability of the storage industry to be extended to 2027" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/273493793.md" description: "Cantor Fitzgerald analyst CJ Muse expects that SanDisk's earnings per share will reach $10 to $12 in the March 2023 quarter, far exceeding the market expectation of $4. He pointed out that artificial intelligence will face a storage shortage in 2026 and 2027, which will bring significant profitability to storage chip manufacturers. Muse also mentioned that the storage shortage will affect the shipment of personal computers and smartphones, which are expected to decline by 10% and at least 5%, respectively" datetime: "2026-01-23T09:26:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273493793.md) - [en](https://longbridge.com/en/news/273493793.md) - [zh-HK](https://longbridge.com/zh-HK/news/273493793.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/273493793.md) | [English](https://longbridge.com/en/news/273493793.md) # SanDisk's quarterly EPS may reach $10–12! Cantor expects the peak profitability of the storage industry to be extended to 2027 According to Cantor Fitzgerald senior analyst CJ Muse, artificial intelligence will face a severe storage shortage throughout 2026 and 2027. This shortage is expected to create "huge profitability" for storage chip manufacturers, with stocks like SanDisk (SNDK.US) and Micron Technology (MU.US) positioned favorably for significant growth. Muse stated that this storage cycle is fundamentally different from previous cycles. "From a NAND perspective, we are essentially in a seven-year down cycle," Muse explained. "Therefore, no NAND manufacturer has an urgent need to increase capacity. And when you overlay the incremental growth from artificial intelligence, I believe we will be in a state of supply shortage throughout 2026 and 2027." The analyst pointed out that there could be significant earnings surprises in the future. He noted that SanDisk's earnings per share for the March quarter could reach $10 to $12, far exceeding the market's expectation of about $4. "When you think about seismic earnings surprises in the semiconductor space, I think back to Micron last December and NVIDIA three years ago, when there were similar significant performance breakthroughs," Muse said. According to Muse, the storage shortage will also directly impact ordinary consumers. He expects that PC shipments will decline by 10% this year, while smartphone shipments will drop by at least 5%. He warned, "In the high-end market, prices will be higher; while in the low-end market, you will see a 'downgrade' in storage configurations." The supply constraints are severe, and Muse mentioned that Micron recently discussed in a meeting that it "cannot meet 30% to 50% of the demand requested by certain major customers." Establishing a new greenfield wafer fab takes more than two years, which means that efforts by Samsung and SK Hynix to increase capacity will not alleviate the shortage until early 2027 at the earliest. Considering the additional demand from high-bandwidth memory (HBM) and AI server-driven agents, Muse believes the shortage issue will not be fully resolved until 2028. "This is absolutely a cycle different from any other I have seen," he concluded. "I do believe this peak price-to-earnings ratio will be higher, and I think the peak earnings will not occur in 2026, but in 2027, which means there is still room for growth." ### 相關股票 - [Sandisk (SNDK.US)](https://longbridge.com/zh-HK/quote/SNDK.US.md) - [Direxion Semicon Bull 3X (SOXL.US)](https://longbridge.com/zh-HK/quote/SOXL.US.md) - [First Trust Nasdaq Food & Semicon (FTXL.US)](https://longbridge.com/zh-HK/quote/FTXL.US.md) - [Invesco PHLX Semiconductor ETF (SOXQ.US)](https://longbridge.com/zh-HK/quote/SOXQ.US.md) - [iShares Semiconductor ETF (SOXX.US)](https://longbridge.com/zh-HK/quote/SOXX.US.md) - [SPDR S&P Semicon (XSD.US)](https://longbridge.com/zh-HK/quote/XSD.US.md) - [VanEck Semiconductor ETF (SMH.US)](https://longbridge.com/zh-HK/quote/SMH.US.md) ## 相關資訊與研究 - [Who Is TipRanks' 5-Star Analyst on SanDisk Stock (SNDK)?](https://longbridge.com/zh-HK/news/281177294.md) - [SanDisk Stock (SNDK) Tops S&P 500 in Q1 2026 – Is It Too late to Buy?](https://longbridge.com/zh-HK/news/281374457.md) - [AI Needs MemoryâThis New DRAM ETF Is All In On Micron, Samsung And Sandisk](https://longbridge.com/zh-HK/news/281578483.md) - [Micron Readies Client Storage for AI](https://longbridge.com/zh-HK/news/281383944.md) - [Silicon Motion Targets Auto Grade NAND To Balance AI And PC Cycles](https://longbridge.com/zh-HK/news/281428446.md)