[News] Nanya DRAM ASP Seen Rising 10% in 4Q26; Winbond Also Sees Further Price Gains as Memory Supply Stays Tight

Rising memory prices and tight supply are driving record results for Taiwan’s two major memory makers. According to Commercial Times, Nanya Technology and Winbond Electronics both posted record September revenue, extending a streak of more than 12 consecutive months of record monthly sales, while third-quarter revenue also reached all-time highs. Nanya reported 3Q26 revenue of NT$133.65 billion, up 61.9% QoQ, while Winbond posted NT$82.33 billion, up 37.58%, bringing their combined quarterly revenue above NT$210 billion.

Nanya Sees Stronger DRAM Pricing as Supply Remains Tight

Nanya’s September revenue reached NT$45.09 billion, up 0.9% MoM and 576.62% YoY, while revenue for the first nine months totaled NT$265.29 billion, up 626.95% YoY, as the report highlights. Institutional investors cited by the report have raised their estimate for Nanya’s third-quarter DRAM bit shipments from an 8% QoQ decline to 5% growth, while sharply raising their ASP growth forecast from 32% to 50%. The revisions mainly reflect the renegotiation of some six- to 12-month contracts starting in July and continued tight supply of specialty DRAM.

With both shipments and prices rising, institutional investors expect Nanya’s gross margin to continue improving in the third quarter, while DRAM ASP is forecast to rise another 10% QoQ in the fourth quarter. The report notes that Nanya can currently meet only around 50% to 60% of customer demand, with some large customers unable to secure allocations. Long-term contracts now cover more than 60% of its supply, and the shortage is unlikely to ease significantly before new fab capacity comes online.

Nanya is also expanding its advanced packaging capabilities. According to Central News Agency, Taiwan’s National Science and Technology Council (NSTC) approved the company’s plan to establish operations at Pingtung Science Park, where it plans to develop advanced 3D wafer packaging and testing using through-silicon via (TSV) and wafer-stacking technologies.

Winbond Sees Memory Prices Rising Further in 4Q26

Winbond’s September revenue reached NT$28.25 billion, up 3.44% MoM and 256.67% YoY, while revenue for the first nine months totaled NT$180.43 billion, up 187.39% YoY. Institutional investors cited by Commercial Times say Winbond saw tight supply of specialty DRAM and SLC NAND in the third quarter, with prices estimated to have risen 40% to 50% QoQ. NOR Flash prices rose around 30% as large cloud service provider (CSP) customers stepped up procurement, crowding out capacity for other applications and helping lift Winbond’s gross margin.

For the fourth quarter, institutional investors expect Winbond’s memory prices to rise another 8% to 13% QoQ. Along with higher shipments as DRAM capacity expands, this could drive revenue and earnings to new highs, according to Commercial Times.

The broader memory market remains tight heading into the fourth quarter. According to TrendForce, DRAM suppliers continue to prioritize advanced-process capacity for high-performance server products, constraining overall supply. Conventional DRAM contract prices are forecast to rise another 10% to 15% QoQ in 4Q26, while NAND Flash contract prices are expected to increase 15% to 20%.

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(Photo credit: Nanya Technology)