BofA Expects DRAM Revenue to Increase by 325% to $568.8 Billion by 2026

In a research report released on July 11, Bank of America noted that the ASP-driven supercycle in the global memory industry continues. It is expected that global DRAM revenue will grow by 325% year-on-year by 2026, reaching $568.8 billion. Meanwhile, NAND revenue is projected to increase by 299%, reaching $323.1 billion. The combined revenue of DRAM and NAND is expected to reach $891.8 billion, a 315% increase from 2025. By 2027, the combined revenue of these two product categories could further rise to $1.25 trillion. Bank of America stated that this growth is primarily driven by price rebounds rather than just shipment increases, with an expected average selling price increase of 249% for DRAM and 238% for NAND in 2026.

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