本文来自美国财经媒体CNBC，发布于2026年1月30日。
Sandisk’s stock popped nearly 7% after the company crushed Wall Street’s fiscal second-quarter estimates, as the artificial intelligence boom sent demand for its chips skyrocketing.
【解读】在人工智能热潮推动下，市场对其芯片的需求急剧攀升，闪迪公司（SanDisk）第二财季业绩大幅超出华尔街预期，股价应声上涨近7%。“Crushed expectations”（碾压预期）是财经报道中常用表达，强调业绩远超预测；“Skyrocketing”（急剧飙升）生动描绘需求暴涨态势。
The flash storage memory company reported earnings of $6.20 per share, excluding items, blowing past the $3.62 per share expected by analysts surveyed by FactSet. Revenue totaled $3.03 billion, topping a forecast of $2.69 billion.
【解读】这家闪存芯片公司公布调整后每股收益为6.20美元，远高于FactSet调查分析师预期的3.62美元；营收达30.3亿美元，也超过预期的26.9亿美元。“Blowing past”（轻松超越）比“exceeding”更具画面感，凸显差距之大。
Shares had jumped more than 20% in the premarket.
【解读】在盘前交易中，其股价一度飙升逾20%。这说明市场对业绩反应极为热烈，投资者抢筹情绪高涨。
Sandisk’s third-quarter forecast also outpaced expectations for analysts. Sandisk guided for between $4.4 billion and $4.8 billion in revenue for the quarter. That blew away the $2.93 billion expected by FactSet. The company expects adjusted earnings between $12 and $14 per share in the third quarter, more than double the $5.11 estimate from analysts.
【解读】更令人震惊的是，闪迪对第三财季的展望同样远超预期：预计营收将在44亿至48亿美元之间，远高于FactSet预期的29.3亿美元；调整后每股收益预计为12至14美元，是分析师预测值5.11美元的两倍以上。“Blew away”（彻底击溃）再次强化了预期被大幅甩开的程度，显示出AI驱动下的增长势能极其强劲。
Raymond James analysts upgraded the stock to an outperform rating, citing Sandisk’s pricing momentum as new supply struggles to come online. “We know demand is exceptionally strong and likely only growing, supply is tightening to the point of potentially being sold out for years,” the firm wrote, believing the company should benefit from “longer-lived” data center production.
【解读】雷蒙德·詹姆斯（Raymond James）分析师因此将闪迪股票评级上调至“跑赢大盘”，理由是新产能难以快速上线，公司正获得强劲的定价权。该机构写道：“我们知道需求异常强劲，且可能持续增长，供应已紧张到未来几年都可能供不应求。”他们认为，公司将从“生命周期更长”的数据中心建设中持续受益。“Pricing momentum”（定价动能）指企业因供需失衡而具备提价能力；“Sold out for years”虽略带夸张，但准确传达出长期短缺的市场判断。
Memory companies like Sandisk are seeing a boost from skyrocketing memory need, as businesses race to funnel more storage supply into the power-hungry datacenter buildout that’s fueling the AI revolution.
【解读】像闪迪这样的存储芯片公司正因内存需求暴增而受益——企业争相将更多存储资源投入耗电量巨大的数据中心建设，而这正是推动AI革命的核心基础设施。“Power-hungry”（耗电巨大的）精准点出AI数据中心的能源密集特性；“Fueling the AI revolution”（驱动AI革命）则强调存储芯片在技术浪潮中的关键作用。
The company’s datacenter business grew 64%, sequentially.
【解读】该公司数据中心业务环比增长64%。“Sequentially”指与上一季度相比，这一增速极为惊人，直接反映AI服务器对高性能存储的迫切需求。
This backdrop has also created a supply and demand imbalance that has enabled memory companies to hike prices and maintain strong margins. Sandisk said it expects third-quarter gross margins to range between 65% and 67%, far ahead of the 49.3% expected by analysts polled by StreetAccount.
【解读】这种供需失衡局面使存储厂商得以大幅提价并维持高利润率。闪迪预计第三财季毛利率将在65%至67%之间，远高于StreetAccount调查分析师预期的49.3%。毛利率超预期近16个百分点，凸显其议价能力和行业地位。
The memory shortage has hit multiple areas of the tech sector, and Apple mentioned supply issues of its own when it reported first-quarter earnings on Thursday. CEO Tim Cook said access to advanced node manufacturing was keeping it from making more iPhones, but the company would be hit by rising memory prices. Cook said Apple was looking at “a range of options to deal with that.”
【解读】存储芯片短缺已波及科技行业多个领域。苹果公司在周四发布第一财季财报时也坦言自身面临供应问题。CEO蒂姆·库克表示，先进制程产能受限使其无法生产更多iPhone，同时公司也将受到内存价格上涨的冲击。他称苹果正在考虑“多种应对方案”。“A range of options”（一系列选项）是高管常用委婉语，暗示可能包括寻找替代供应商、调整产品配置或接受成本上升。
