Driven by the AI wave, demand for high-capacity memory continues to surge, powering strong industry revenue growth and contract price hikes. Although top suppliers are accelerating advanced process transitions and expanding new facilities, supply expansion still trails robust demand. Elevated prices significantly boost profit margins, while Taiwanese makers also benefit by filling maturity-process supply gaps.

Key Highlights

• Robust Demand & Price Hikes: AI servers and applications drive strong demand for high-capacity memory, leading to continuous order add-ons, higher contract prices, and significant industry revenue expansion.
• Supply Lags Behind Demand: Although top suppliers are expanding capacity via advanced node transitions, process optimizations, and new fab operations, bit supply growth still trails market demand.
• Profitability Improvements: Supported by higher average selling prices and catch-up price adjustments, top manufacturers maintain or improve high operating margins.
• Taiwanese Makers Benefit: As leading suppliers pivot capacity to high-end nodes, Taiwanese makers successfully capture displaced market demand in mature processes, experiencing surging ASPs and revenue growth.

Table of Contents

1. Expansion of Supply Remains Below that of Demand as DRAM Industry Continued to Surge in Revenue for 2Q26
   • 2Q26 Revenue Ranking among DRAM Suppliers

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