Micron Technology(US:MU) Zhi Tong Cai Jing·2025-08-28 06:28Core Insights - The NAND Flash industry is experiencing significant revenue growth, with the top five brands achieving a combined revenue increase of over 20% in Q2, reaching $14.67 billion [1] Group 1: Revenue Performance - Samsung's revenue increased by 23.8% in Q2, reaching $5.2 billion, driven by strong demand for Enterprise SSDs from AI servers, resulting in a slight market share increase to 32.9% [1] - SK Group, including SK hynix and Solidigm, reported a record revenue of nearly $3.34 billion in Q2, a 52.5% increase, with market share rising from 16.6% to 21.1% [2] - Kioxia's revenue reached approximately $2.14 billion in Q2, an 11.4% increase, supported by strong AI server demand and normalization of inventory levels for PC and smartphone clients [2] - Micron's revenue grew by 3.7% in Q2 to $2.1 billion, despite a decline in average selling prices, with significant growth in shipment volumes [2] - SanDisk's revenue increased by 12.2% in Q2 to $1.9 billion, benefiting from channel price recovery and inventory replenishment in Client SSDs and retail products [3] Group 2: Market Trends - The NAND Flash industry is expected to face a slight decline in average selling prices (ASP) in Q2 2025, but production cuts by manufacturers are helping to alleviate supply-demand imbalances [1] - Demand is anticipated to stabilize in Q3 due to the diminishing effects of subsidy policies in China and reduced stocking by manufacturers, although ASPs may see a slight recovery [1]