Global DRAM Market Jumps 31% in Q3 2025 as AI Demand Lifts Prices

• Global DRAM revenue rose to US$41 billion in Q3 2025, up 31% QoQ, driven by AI, cloud, and data center demand.
• SK hynix, Samsung, and Micron maintained over 90% of the global DRAM market, with Micron posting the fastest growth at 50%+ QoQ.
• Rising demand for HBM and advanced server DRAM is tightening supply for mainstream DDR4, DDR5, and LPDDR products.
• DRAM contract prices are expected to climb another 45–55% in Q4 2025 as inventories reach critically low levels.

Global DRAM revenue surged to approximately US$41 billion in Q3 2025, posting a strong 31% quarter-on-quarter increase, according to TrendForce. The memory industry’s rebound is closely tied to expanding AI workloads, rapid growth in cloud computing, and aggressive data center upgrades, which continue to push DRAM prices higher across all major product categories.

TrendForce data shows that the global DRAM market remains heavily concentrated, with the “Big Three” manufacturers controlling more than 90% of total supply. SK hynix remains the largest supplier with roughly one-third market share, while Samsung posted strong growth in shipped bits, and Micron delivered the fastest revenue increase with more than 50% QoQ growth, fueled by server and AI memory demand.

AI-Centric Memory Becomes the Industry’s Growth Engine

The largest contributor to the market’s expansion is the soaring demand for HBM and advanced server DRAM, which are essential for training and deploying AI models, GPUs, and accelerators. As manufacturers reallocate wafer capacity toward these high-value memory types, supply for mainstream DDR4, DDR5, and LPDDR products has tightened significantly. This shift is elevating contract prices for PC, mobile, and general-purpose DRAM customers worldwide.

With supplier inventories now nearing depletion, TrendForce cautions that bit shipment growth will be limited entering Q4 2025. The firm forecasts that:

• Conventional DRAM contract prices will increase 45–50% QoQ
• Overall DRAM pricing (including HBM) may rise 50–55% QoQ

The combination of shrinking inventories and persistent AI-driven demand suggests that the current DRAM upcycle will extend into late 2025.

Our team will continue to monitor capacity trends across the memory supply chain and  provide timely updates as new data emerges so you can adjust your sourcing strategy with confidence.