Bernstein: DRAM and NAND Contract Prices Continue to Rise, QoQ Increase Expected at Approximately 60% in Q2

Odaily reports that Bernstein's latest monthly tracking report shows DRAM and NAND contract prices continued to rise month-over-month in May. Comprehensive indicators point to a quarter-over-quarter increase of approximately 60% in the second quarter of 2026, slightly higher than the institution's previous forecast. The report indicates that DRAM contract prices in May rose further compared to April. Weighted average data suggests that conventional DRAM contract prices in Q2 2026 are expected to increase by 64% from Q1 2026. On the NAND front, supported by mobile NAND and SSD prices, the blended average price increase in Q2 2026 is estimated at around 60%. Bernstein also stated that, as the demand destruction effect gradually emerges among consumers, the pace of price increases is expected to slow significantly in Q3 2026. In terms of ratings, Bernstein currently maintains outperform ratings for Samsung Electronics, SK Hynix, Micron, and SanDisk, while maintaining an underperform rating for Kioxia.