The global NAND Flash industry continued to benefit from AI infrastructure build-outs in 4Q 2025. All in all, the combined revenue of the top five NAND flash suppliers sharply rose by 23.8% quarter-on-quarter (QoQ) to $21.17 billion, according to TrendForce’s latest research.

The primary growth driver was explosive demand for enterprise SSDs, fueled by large-scale AI server deployments by North American CSPs. Meanwhile, severe HDD shortages and extended lead times accelerated a shift in orders toward NAND solutions, which further tightened supply. The resulting imbalance worsened NAND shortages and pushed prices higher, directly boosting supplier revenues.

Looking ahead to 1Q 2026, persistent supply-demand imbalances are strengthening suppliers’ resolve to raise prices. TrendForce has therefore revised its forecast upward, now projecting overall NAND Flash prices to surge 85–90% QoQ in 1Q 2026, with industry revenue expected to expand further.

The global NAND Flash industry continued to benefit from AI infrastructure build-outs in 4Q 2025. All in all, the combined revenue of the top five NAND flash suppliers sharply rose by 23.8% quarter-on-quarter (QoQ) to $21.17 billion, according to TrendForce’s latest research.

The primary growth driver was explosive demand for enterprise SSDs, fueled by large-scale AI server deployments by North American CSPs. Meanwhile, severe HDD shortages and extended lead times accelerated a shift in orders toward NAND solutions, which further tightened supply. The resulting imbalance worsened NAND shortages and pushed prices higher, directly boosting supplier revenues.

Looking ahead to 1Q 2026, persistent supply-demand imbalances are strengthening suppliers’ resolve to raise prices. TrendForce has therefore revised its forecast upward, now projecting overall NAND Flash prices to surge 85–90% QoQ in 1Q 2026, with industry revenue expected to expand further.

By: DocMemory
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