Micron Technology(US:MU) TrendForce集邦·2025-12-05 05:45Core Insights - The Enterprise SSD market experienced significant growth in Q3 2025, driven by the rapid expansion of AI demand and North American cloud service providers (CSPs) enhancing AI infrastructure and general server construction [2] - The market atmosphere shifted from "recovery" to "material acquisition" in Q4, as NAND Flash suppliers adopted a cautious approach to capacity expansion, leading to a supply-demand imbalance [2] - The average contract price for Enterprise SSDs is expected to increase by over 25% in Q4, with industry revenue anticipated to reach new highs [2] Market Performance - The top five brands in the Enterprise SSD market saw a combined revenue increase of 28% in Q3 2025, totaling $6.54 billion, capturing 94.2% of the market share [3] - Samsung led the market with a revenue of $2.44 billion, a 28.6% quarter-over-quarter increase, benefiting from strong demand for general server solutions [4] - SK Group reported a revenue of $1.86 billion, up 27.3%, driven by robust demand for TLC SSDs [5] - Micron's revenue reached $991 million, a 26.3% increase, reflecting improved competitiveness in PCIe SSD products [6] - Kioxia achieved the highest growth rate among major suppliers, with a revenue increase of over 30% to $978 million, maintaining its position as a key supplier of NAND Flash [7] - SanDisk's revenue was $269 million, with expectations for stronger growth in the coming year due to increased production capacity and demand for QLC products [8]