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◆ TESSARA JULY 23, 2026 Phison rides the NAND shortage $777M PER MONTH +8.9% MoM · +301.0% YoY Phison monthly revenue from MOPS filings. NAND flash controllers and enterprise SSDs, a tollgate on AI... $0M $200M $400M $600M $800M Prior peak $713M Breakout Jul '25 Nov '25 Feb '26 Jun '26 tessara.tech Source: Taiwan MOPS filings

Phison rides the NAND shortage

Phison makes the controllers that turn raw NAND flash into usable SSDs, a quiet tollgate on AI storage. With NAND prices roughly doubling in six months, its monthly revenue has set records.
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