Micron Technology(US:MU) TrendForce集邦·2025-08-28 03:20Core Insights - The NAND Flash industry experienced a slight decline in average selling prices (ASP) in Q2 2025, but a reduction in production by manufacturers helped alleviate supply-demand imbalances, leading to a significant increase in overall shipments. The top five brands collectively saw a revenue increase of 22%, reaching $14.67 billion [2][5]. Revenue and Market Share Analysis - Samsung led the market with a revenue of $5.2 billion in Q2 2025, a quarter-over-quarter increase of 23.8%, capturing a market share of 32.9% [3][6]. - SK Group, which includes SK hynix and Solidigm, achieved a record revenue of $3.34 billion, up 52.5% from the previous quarter, increasing its market share to 21.1% [3][6]. - Kioxia reported revenue of $2.14 billion, an 11.4% increase, benefiting from strong demand for AI servers and a normalization of inventory levels for PCs and smartphones [3][6]. - Micron's revenue reached $2.1 billion, a modest increase of 3.7%, with a slight decline in market share to 13.3%, although it achieved record market shares in Client SSD and Data Center SSD segments [3][7]. - SanDisk's revenue grew by 12.2% to $1.9 billion, supported by a recovery in channel prices and inventory replenishment, but it lagged behind competitors in the Enterprise SSD market [3][7]. Future Outlook - In Q3 2025, demand is expected to stabilize as the effects of subsidy policies in China wane and inventory buildup by manufacturers decreases. Although ASPs may see a slight recovery, overall revenue growth in the NAND Flash industry is anticipated to slow down [5].