Q2 DRAM revenue up 20.4% q-o-q

Author: EIS Release Date: Sep 4, 2023

Q2 revenue for the DRAM industry grew 20.4% q-o-q to $11.43 billion, ending a decline that persisted for three consecutive quarters, reports  TrendForce, as  the Big Three saw shipment growth from AI servers driving growth in HBM shipments and DDR5 inventory stocking.

 

 

 

SK hynix saw a significant quarterly growth of over 35% in shipments. The company’s shipments of DDR5 and HBM, both of which have higher ASP, increased significantly. As a result, SK hynix’s ASP grew counter-cyclically by 7–9%, driving its Q2 revenue to increase by nearly 50%. With revenue reaching $3.44 billion, SK hynix claimed the second spot in the industry, leading growth in the sector.

 

Samsung, with its DDR5 process still at 1Ynm and limited shipments in the second quarter, experienced a drop in its ASP by around 7–9%. However, benefitting from inventory buildup by module houses and increased demand for AI server setups, Samsung saw a slight increase in shipments. This led to an 8.6% QoQ increase in Q2 revenue, reaching $4.53 billion, securing them the top position.

 

 

Micron, ranking third, was a bit late in HBM development. However, DDR5 shipments held a significant proportion, keeping their ASP relatively stable. Boosted by shipments, its revenue was around $2.95 billion, a quarterly increase of 15.7%.

 

 

Overall, due to the continued decline in contract prices for various products, suppliers continue to report negative operating profit margins.