Institution: DRAM 'super cycle' in Q3, market revenue nears $200 billion

BlockBeats news, November 6 — According to Counterpoint Research's latest Global Memory Market Tracker report for Q3 2026, DRAM revenue in Q3 2026 grew nearly 5x year-over-year, driven by strong demand from AI accelerators and data centers as well as rising prices.

The firm said the market is currently in a price-driven supercycle rather than a shipment-driven one. DRAM bit shipments grew only about 4% this quarter, but market revenue has approached $200 billion, roughly 5x the same period last year.

AI has transformed memory from a commodity into a scarce, high-value resource. Buyers are now competing for supply assurance rather than haggling over prices. With prices continuing to rise, suppliers are expected to set new profit records next quarter.