Share

View Indicator

Samsung DRAM Revenue Tops $11.2 Billion for Seventh Consecutive Gain; AI Server Demand Insufficient to Fully Offset Consumer Weakness Concerns

By AI Insights

2026-01-29

Trend analysis based on the updated indicator. View the Indicator→

According to DataTrack data, Samsung's global proprietary brand DRAM revenue reached US$11,250 million (approximately US$11.25 billion) in the third quarter of 2024, growing 5.14% from US$10,700 million in the previous quarter, marking an expansion trend for the seventh consecutive quarter. Compared to the same period last year, revenue saw a year-over-year increase of 41.5%, indicating that the industry has significantly recovered from the quarterly trough of US$4.17 billion at the end of 2022, and current revenue levels are approaching the swing high of the second quarter of 2021 (US$11.68 billion).

Observing key details, this quarter's growth momentum presents a distinct "K-shaped divergence." On one hand, demand from AI and data centers for High Bandwidth Memory (HBM) and high-capacity DDR5 remained high, driving up the Average Selling Price (ASP); on the other hand, demand for commodity DRAM in the PC and smartphone markets weakened due to seasonal inventory adjustments. TrendForce noted that despite strong server-side demand, mature process products such as LPDDR4 and DDR4 faced price pressure due to capacity expansion by Chinese suppliers (such as CXMT), which offset some of the profit dividends from high-end products.

In a deeper attribution analysis, although Samsung's revenue hit a new high this quarter, its profit structure faces challenges. Market analysis indicates that Samsung lags behind its competitor SK Hynix in HBM3E validation progress, preventing it from fully capturing the most lucrative portion of this AI wave. Furthermore, Samsung's official financial report acknowledged that to optimize inventory structure, the company is actively clearing legacy process inventory; this has suppressed the overall blended ASP to a certain extent, causing the quarterly increase to fall short of the strong double-digit growth originally expected by the market.

Looking ahead, in the short term (1-2 months), affected by year-end inventory counts and the traditional off-season, revenue momentum is expected to remain stable or fluctuate slightly, pending observation of whether a replacement cycle for consumer electronics emerges. In the medium term (3-6 months), the key catalysts lie in whether Samsung's HBM3E products can successfully pass NVIDIA validation and ramp up volume, as well as the speed of DDR5 replacing DDR4. If overcapacity in mature processes is not alleviated and high-end product market share fails to break through, profit growth potential will be limited.

Reference Sources:

The content on this page is generated with the assistance of Artificial Intelligence (AI) and may contain inaccuracies, errors, or incomplete information. By accessing or using this AI service, you expressly agree that this content is provided solely for your personal, non-commercial reference, and that any use, reproduction, or distribution thereof must strictly comply with applicable laws and shall not infringe upon the intellectual property rights or other proprietary rights of any third party. You further understand and agree that DataTrack shall not be held liable for any disputes, damages, losses, or consequences resulting from business decisions made based on the reliance on or use of this content, with DataTrack reserving the right of final interpretation regarding these terms and the content provided herein.

Hashtags

Revenue DRAM

Market Spotlight