Both DRAM and NAND contract prices experienced massive sequential quarterly surges in 2QCY26, with mainstream conventional DRAM contract prices increasing by 74% quarter-over-quarter. However, the rapid pace of memory price hikes is expected to moderate significantly heading into 3QCY26, with Mobile NAND and SSD contract price growth cooling to just 5-10% QoQ.
Memory suppliers achieved significant Q2 price increases, but the market is now bracing for a sharp deceleration in Q3 as demand destruction impacts pricing power.