Institution: The combined revenue of the top five global NAND Flash brands in the first quarter increased by 83.7% quarter-on-quarter.

According to the latest NAND Flash industry survey by TrendForce, in the first quarter of 2026, global cloud service providers, in order to meet the high-speed transmission and large capacity requirements for building AI Server infrastructure, are driving the demand for Enterprise SSD to grow exponentially. In addition, the continuous structural shortage of traditional HDDs has led to a large number of orders shifting to QLC Enterprise SSDs. In a situation of explosive demand and limited supply, the average selling price of NAND Flash from original factories is generally better than expected, driving the combined revenue growth of the top five brands in the first quarter to 83.7%, surpassing $38.9 billion. Looking at the second quarter, the supply-demand imbalance situation remains unchanged. Although demand for smartphones and PCs is affected by the increase in memory prices and overall machine price hikes, orders from the server end will fill this gap. Original factories generally expect NAND Flash shipments to continue to grow in the second quarter, and the bargaining mechanism will continue to support ASP performance.