TrendForce puts combined Q2 2026 revenue for the top five enterprise SSD brands at $37.59bn, up 103.6% quarter-on-quarter on higher contract prices as well as volume. Here is how that flows through to server build costs and what buyers can do about it.
What was announced
- TrendForce expects combined 2Q26 revenue of the top five enterprise SSD brands to reach $37.59bn, a 103.6% quarter-on-quarter increase, driven by both higher contract prices and higher shipment volumes.
- Samsung led with approximately $14.35bn, helped by a ramp in 176-layer QLC and a higher mix of PCIe 5.0 product.
- SK hynix Group (including Solidigm) was second at over $8.63bn, expanding 321-layer TLC and ultra-high-capacity QLC shipments.
- Micron grew fastest, up 126.3% quarter-on-quarter to approximately $6.98bn.
- TrendForce expects demand to stay elevated in 3Q26 on generative-AI agent services, CSP data-centre build-out and large-scale NVIDIA GB-series rack shipments.
- North American CSPs are migrating data-centre architectures from PCIe 4.0 to PCIe 5.0.
The ETON view
Revenue doubling on price as well as volume is the part that matters to an infrastructure budget: contract NAND is being allocated to hyperscale first, and enterprise buyers are the residual. In practice we are seeing that show up as lead time rather than a headline price rise - quoted drive availability slips, and a server build waits on eight NVMe drives rather than on the chassis. Three things protect a project: quote and lock drives separately from the platform instead of accepting a single bundled lead time; do not over-specify tier - a PCIe 4.0 or high-capacity QLC drive is untouched by the PCIe 5.0 allocation fight and is often the right answer for capacity tiers, backup targets and warm data; and take supply from more than one source. This is exactly the market where holding stock and vendor-neutral sourcing beats a single-vendor quote, and it is why we hold drives rather than order them on demand.
Related infrastructure
Category: Storage · Vendor: Samsung, SK hynix, Micron · Technology: Enterprise NVMe SSD, PCIe 5.0, QLC NAND · Last verified: 02 Sep 2026 · ~2 min read
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