Top Five NAND Flash Brands' Q2 2026 Revenue Rises 77% to $68.87 Billion on AI Server Demand
TrendForce data show the top five NAND Flash brands generated combined second-quarter 2026 revenue of $68.87 billion, up 77% quarter on quarter, as robust AI server procurement kept Enterprise SSD demand strong and pushed manufacturers to raise average selling prices amid tight supply. For the third quarter, smartphone and PC momentum is expected to weaken as higher bill-of-materials costs lift device prices, while AI server demand for Enterprise SSD remains solid. With suppliers prioritizing capital expenditure on DRAM and HBM, new NAND capacity is limited, and average selling prices should continue to support industry revenue growth.
TrendForce's latest NAND Flash industry research shows that in the second quarter of 2026, AI server procurement remained steady and Enterprise SSD demand was strong, leaving the overall NAND Flash market in short supply. Manufacturers used pricing mechanisms to substantially raise average selling prices. Among listed NAND Flash brands, the top five vendors' combined revenue rose 77% quarter on quarter to $68.87 billion.
Looking ahead to the third quarter, smartphone and PC end-device momentum is expected to be weak as higher bill-of-materials costs push up device prices. AI server demand for Enterprise SSD remains strong, and with manufacturers generally prioritizing capital expenditure on DRAM and HBM, new NAND Flash capacity is limited. Average selling prices are expected to continue supporting overall industry revenue growth in the third quarter.
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