Q2 MLCC prices remain stable overall, with minor adjustments for high-cap special specs; supply stability prioritized. Global tensions raise costs, AI demand strong vs. mild consumer electronics. 

Key Highlights

• Q2 MLCC prices hold steady across the board, with only slight tweaks for high-cap special items; supply stability takes precedence over price cuts.
• Global tariff reversals and Middle East tensions elevate energy costs, reigniting inflation and suppressing consumer electronics demand, widening AI-traditional divide.
• AI infrastructure orders grow steadily, while phone/laptop recovery is mild; ODMs focus on strategic stockpiling amid rising chain costs.
• Japanese-Korean firms cautiously allocate capacity: Samsung expands for mature products, Murata targets high-end specials and new items for better margins.
• In H2, explosive AI special-spec demand could trigger high-end MLCC price surges if capacity and yields fall short, risking artificial shortages in consumer specs.

Table of Contents

1. MLCC Prices Are Expected to Hold Steady in 2Q26 with Minor Adjustments for Select High-Capacitance Specialty Products; Stable Supply Takes Precedence Over Price Cuts
2. Siphoning Effect of AI Boom and Strategic Stockpiling Intensify; ODMs Prioritize Supply Stability Over Price Cuts
3. In View of Strong AI Demand, Japanese and South Korean MLCC Suppliers Carefully Strategize Capacity Allocation and Expansion
4. Trendforce's View 

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