DRAM Industry Revenue Surges 17.1% in Q2 2025, Led by SK Hynix's 25.8% Growth

In the second quarter of 2025, the DRAM industry witnessed a notable increase in revenue, reaching $316.3 billion, which represents a 17.1% quarter-over-quarter growth. This surge was primarily driven by the rise in contract prices for conventional DRAM, a significant increase in shipment volumes, and the expansion of HBM (High Bandwidth Memory) shipments. The average selling price (ASP) for DRAM products saw an uptick due to heightened purchasing activity from PC OEMs, smartphone manufacturers, and CSP (Computer System Providers). This increased demand accelerated the depletion of DRAM manufacturers' inventories, leading to a reversal in the downward trend of contract prices for most DRAM products.

Among the major suppliers, SK Hynix emerged as the leader with a revenue of approximately $122.3 billion, marking a 25.8% increase from the previous quarter. This growth was attributed to higher shipment volumes, although the overall ASP growth was tempered by an increased proportion of lower-priced DDR4 products. SK Hynix's market share expanded to 38.7%, solidifying its position as the industry leader.

Samsung, the second-largest supplier, reported a 13.7% increase in revenue to $103.5 billion. Despite slight increases in both selling prices and shipment volumes, Samsung's market share marginally decreased to 32.7%. Micron, the third-largest supplier, saw a 5.7% increase in revenue to $69.5 billion, driven by a significant increase in shipment volumes. However, the ASP for Micron's products decreased due to a higher proportion of DDR4 shipments, resulting in a reduction in market share to 22%.

Other notable suppliers, including Nanya, Winbond, and PSMC, also experienced substantial revenue growth. Nanya's revenue surged by 56% to approximately $3.4 billion, driven by aggressive restocking from PC OEMs and consumer clients. Winbond's revenue increased by 24.9% to $1.8 billion, supported by a significant increase in shipment volumes and stable ASP. PSMC's revenue, primarily from its consumer DRAM products, grew by 86.4% to $20 million, fueled by strong customer demand. When including its foundry services, PSMC's revenue decline narrowed to 2.9% due to renewed purchasing activity from clients.