Memory module manufacturer ADATA Technology announced that its consolidated revenue in September reached NT$5.244 billion, a new monthly high in the past 19 years! Not only did it increase by more than 60% compared with the same period in 2024, it also reached the third highest point in history. At the same time, ADATA's consolidated revenue in the third quarter of 2025 also hit a record single-quarter high of 14.488 billion yuan, with an annual growth of 55.19% and an increase of 13.33% from the second quarter. Cumulatively, combined revenue in the first three quarters of 2025 has reached 37.173 billion yuan, and we can expect to rewrite history throughout the year.
ADATA’s consolidated revenue in September increased by 5.24% compared with August, reaching 5.244 billion yuan, an increase of 61.18% compared with 2024. Among them, DRAM revenue contribution reached 54.02%, SSD accounted for 27.85%, and memory cards, flash drives and other products accounted for 18.13%. Cumulatively, consolidated revenue in the first three quarters of 2025 was 37.173 billion yuan, an increase of 22.9% compared with the same period in 2024. DRAM revenue contributed nearly 6% to 59.62%, SSD accounted for 27.25%, and memory cards, flash drives and other products accounted for 13.13%.
Looking forward to the market outlook, Chen Libai, chairman of ADATA, is optimistic that the fourth quarter of 2025 will be the starting point for the memory bull market and the beginning of serious memory shortages. The industry boom can be expected in 2026. Chen Libai said that with the rapid expansion of the AI arms race, the rigid demand from the world's large cloud service providers (CSPs) has not only allowed future DRAM and NAND Flash contract prices to continue to rise and strengthen, but has also opened the door to a prosperous memory industry in 2026.
Chen Libai pointed out that the memory market has experienced a rapid reversal since late August. The global large CSPs have much higher than expected memory demand in 2026, and have placed orders in advance to consolidate supply for next year. As a result, upstream original manufacturers have successively announced that they have suspended quotations and re-examined existing production capacity configurations, and have successively released messages of immediate price increases. Coupled with the fact that AI application models are currently moving from training to inference, and the scale of AI servers is rapidly expanding, traditional memory production capacity originally used in PCs, mobile phones and other series of products has been severely squeezed, and supply has been significantly reduced. The company is optimistic that the memory industry will be in a strong situation of tight supply and rising prices in 2026.