TrendForce: Top Five Enterprise SSD Brands' Q2 Revenue Doubles to $37.59 Billion

Research firm TrendForce released its latest memory industry report today, revealing that NAND Flash manufacturers are maximizing profits and optimizing product portfolios by aggressively expanding supply of high-margin enterprise SSDs. With both shipment volumes and contract prices surging, the combined revenue of the world's top five enterprise SSD brands reached nearly $37.59 billion in Q2 2026, a 103.6% increase from the previous quarter.

TrendForce expects that in Q3, the widespread adoption of generative AI agent services, steady deployment of data center infrastructure by cloud service providers (CSPs), and mass shipments of NVIDIA's (NVDA-US) GB-series AI server racks will help sustain strong demand for enterprise SSDs, pushing industry revenue even higher. However, the market share landscape may shift due to increased output from Chinese suppliers and the rise of China's domestic cloud market.

Looking at Q2 revenue performance among the world's top five enterprise SSD brands, market leader Samsung significantly ramped up shipments of its 176-layer QLC products, while the share of high-end PCIe 5.0 products in its shipments also rose sharply, boosting its Q2 revenue to approximately $14.35 billion. As major North American CSPs actively transition their data center architectures from PCIe 4.0 to PCIe 5.0, Samsung—equipped with integrated DRAM and NAND Flash supply capabilities—has become the preferred supplier for memory and enterprise SSDs among most server customers.

SK hynix Group ranked second, with SK hynix expanding shipments of its 321-layer TLC products and subsidiary Solidigm leveraging its technological edge in QLC to maintain high-volume production of ultra-high-capacity QLC enterprise SSDs, pushing the group's revenue past $8.63 billion.

Micron (MU-US) recorded the highest quarter-on-quarter revenue growth among the top five suppliers, with its enterprise SSD revenue surging 126.3% to approximately $6.98 billion, securing third place. Following the AI boom, Micron has concentrated its production capacity on enterprise SSDs and HBM. In addition to a significant increase in shipments of high-capacity products based on 232-layer QLC, Micron is also leading in the development and verification progress of PCIe 6.0 enterprise SSDs.

Kioxia moved into fourth place as its 218-layer technology products passed certification with top North American cloud customers and began mass production, while its procurement market share among server brand manufacturers also rose significantly, resulting in a doubling of its enterprise SSD revenue to $4.64 billion in Q2.

SanDisk rose to fifth place as its large-capacity QLC enterprise SSDs entered mass production, driving a significant increase in bit shipments per quarter and boosting overall enterprise SSD revenue by 102.9% quarter-on-quarter to nearly $2.98 billion.