South Korea Tech: Memory Pricing Tracker: June 2026: 3Q26 DRAM ASP forecast inline with GSe, but NAND ASP forecast lower

研报英文原文证据摘录

South Korea Tech: Memory Pricing Tracker: June 2026: 3Q26 DRAM ASP forecast inline with GSe, but NAND ASP forecast lower

Equity Research

30 June 2026 | 11:43PM KST

South Korea Tech: Memory Pricing Tracker: June 2026: 3Q26 DRAM ASP

forecast inline with GSe, but NAND ASP forecast lower

TrendForce expects 3Q26 conventional DRAM ASP to increase by 13-18% qoq and Giuni Lee

+82(2)3788-1177 | giuni.lee@gs.com

NAND ASP to rise by 10-15% qoq (eSSD +18-23% qoq but mobile NAND +5-10% Goldman Sachs (Asia) L.L.C., Seoul

Branch

qoq), where compared to our estimate for Samsung Electronics (SEC), DRAM is inline

Daiki Takayama

but NAND is lower. We reiterate our Buy rating on SEC. +81(3)4587-9870 |

daiki.takayama@gs.com

Goldman Sachs Japan Co., Ltd.

PC DRAM: 3Q26 pricing forecast of +15-20% in line with GSe Taeyong Lee

+82(2)3788-0981 | taeyong.lee@gs.com

June DDR4 8GB price stayed flattish mom at $119 while DDR5 8GB price increased Goldman Sachs (Asia) L.L.C., Seoul

slightly by 3% mom to $115 from $112, hence DDR5 pricing discount compared to

DDR4 declined by 3%p to 3%. PC DRAM pricing rose 45-50% qoq in 2Q26, and

TrendForce expects 3Q26 pricing to increase by 15-20% qoq. TrendForce attributes

this increase to OEMs willingness to maintain memory procurement momentum and

seek additional quantities from suppliers despite higher memory and component

prices, given the low inventory level and expectation of tight overall DRAM supply in

2027. This pricing forecast is largely in line with our forecast for SEC’s PC DRAM price

to grow 16% qoq in 3Q26.

Server DRAM: 3Q26 pricing forecast of +13-18%; in line with GSe

June DDR4 64GB module pricing stayed at $1,127 while DDR5 64GB module pricing

saw an increase of 9% mom to $1,380, hence the pricing premium for DDR5