Mobile DRAM revenue hit new highs driven by surging contract prices, confirming a seller-driven super cycle. Major manufacturers shifting capacity to AI applications has tightened supply, allowing CXMT to expand in mature nodes. Looking ahead, sharp price hikes will boost supplier profits, but high costs are forcing smartphone brands to cut production, leading to a market of rising prices and shrinking volumes.

Key Highlights

1. Super Cycle Confirmed: Mobile DRAM revenue grew significantly due to soaring prices, firmly establishing a seller's market.
2. Supply Chain Shift: Major players are relocating capacity to high-margin AI and Server applications, creating a crowding-out effect. CXMT is filling the gap in mature processes, steadily increasing its market share.
3. Price & Profit Outlook: Supply-demand imbalances will drive drastic contract price corrections in the coming quarters, significantly optimizing manufacturers' profitability.
4. Impact on End Market: Escalating memory costs are forcing smartphone brands to revise production targets downward and control inventory. While high-end brands remain resilient, low-end brands face severe challenges, potentially driving a shift toward cloud-based phone solutions to manage costs.

Table of Contents

1. 4Q25 Mobile DRAM Manufacturer Revenue Ranking
   • 4Q25 Revenue Ranking among Mobile DRAM Suppliers
2. 1Q26 Mobile DRAM Manufacturer Analysis and Outlook
3. Market Supply Analysis
   • 2025 Global Smartphone Production Ranking
   • Projection on Market Shares of Top 6 Brands in Chinese Market
   • Global Smartphone Production Forecast
   • Smartphone Mobile DRAM Price Trend
   • 1Q26 Mobile DRAM Contract Price

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