$SNDK reports fiscal Q4 after the close today. NAND is in a structural squeeze — undersupply, surging blended ASPs, and enterprise-SSD demand from AI inference. Consensus sees revenue up 40%+ sequentially, and per Bloomberg Research, the actual print could beat consensus by ~8%, with next-quarter guidance potentially topping estimates by 18%. The operating detail: NAND blended ASP rose ~35% QoQ, bit shipments ~15% — both ahead of the 31% and 16% expected. The real focus after the bell is the New Business Model. Three NBM contracts have lifted RPO to $41.6B; with two more expected this quarter, the market is watching whether RPO clears $60B — a sign of how much demand is locked in, not just booked. → NFA. For informational purposes only.