Bank of America (BofA): Memory market set to enter supercycle, forecasts DRAM revenue to more than triple by 2026.
2 hours ago
Bank of America stated in a July 11 research report that the global memory industry’s ASP-driven supercycle remains ongoing, projecting global DRAM revenue will surge 325% year-over-year in 2026 to reach $568.8 billion. The report forecasts NAND revenue will grow 299% over the same period to $323.1 billion, with combined DRAM and NAND revenue hitting $891.8 billion—up 315% from 2025. Combined revenue of the two product categories could climb further to $1.25 trillion by 2027. Bank of America noted that this round of growth is driven primarily by price rebounds, not just shipment volume increases. The bank projects DRAM’s average selling price will jump 249% year-over-year in 2026, while NAND’s average selling price will rise 238%.
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