Micron Takes Third Place, Overtaking Kioxia in Global NAND Market in Q2

The global NAND flash market witnessed substantial growth in the second quarter as AI data centers expanded, driving demand for enterprise solid-state drives (SSDs). While Samsung Electronics and SK hynix retained their top positions, Micron registered the highest revenue growth rate and claimed the third place. According to TrendForce, the combined revenue of the top five global NAND flash companies in Q2 reached $68.87 billion, a 77% increase from the preceding quarter.

As enterprise SSD orders surged, particularly in AI servers, the supply and demand dynamics tightened, and the average selling price (ASP) rose due to successive contract price increases. Samsung Electronics maintained its first place with $23.0593 billion in NAND revenue, up 70.7% from the previous quarter, but its market share decreased by 2.3 percentage points to 29.3%.

SK hynix, including Solidigm, secured second place with $14.2729 billion in revenue, reflecting an 89.5% increase, and its market share rose from 17.6% to 18.2%.

Micron's performance stood out, with a remarkable 99.2% surge in second-quarter revenue to $11.85 billion, translating to a 1.2 percentage point increase in market share from 13.9% to 15.1%, surpassing Kioxia. Kioxia recorded $10.723 billion in revenue, up 79.9%, but its market share declined slightly from 13.9% to 13.6%. SanDisk's revenue grew by 50.7%, but its growth rate was comparatively lower, resulting in a 2.5 percentage point drop in market share from 13.9% to 11.4%.

TrendForce forecasted a sustained solid demand for enterprise SSDs, particularly in AI servers, during the third quarter. However, the forecast also cautioned that major NAND companies' focus on DRAM and high-bandwidth memory (HBM) production and investment might constrain NAND supply expansion.