NAND Q3 revenues up 15% q-o-q

Q4 will see prices start to drop.

NAND Q3 revenues up 15% q-o-q

Samsung’s NAND Flash bit shipment increased by only about 5% QoQ due to weakening demand from PC OEMs and low inventory levels of certain other components carried by Samsung’s clients. Samsung’s NAND Flash revenue for 3Q21 reached $6.51 billion, a 16.5% QoQ increase.

Kioxia’s ASP increased by about 4% QoQ, resulting in a revenue of US$3.64 billion, which represents a 20.8% QoQ increase and the highest single-quarter revenue in Kioxia’s history.

Thanks to an ASP increase of about 5% QoQ, Hynix’s NAND Flash revenue for 3Q21 reached $2.54 billion, a 25.6% QoQ increase.

Western Digital’s Q3ASP fell by 3% QoQ and  revenue for 3Q21 reached $2.49 billion, a 2.9% QoQ increase.

Micron’s Q3 ASP was up by about 5% QoQ and revenues for reached $1.97 billion, an 8.8% QoQ increase.

Intel had a 5% QoQ in Q3 NAND Flash bit shipments which was offset by an increase in ASP. Intel’s NAND Flash revenue for 3Q21 reached $1.11 billion, a slight 0.6% QoQ increase.