According to the latest report released by TrendForce on December 5, 2025, the global enterprise solid-state drive (Enterprise SSD) market will usher in a strong recovery in the third quarter of 2025. Benefiting from the acceleration of AI applications from the training end to the inference end, and the simultaneous promotion of AI server and general server infrastructure construction by major North American cloud service providers (CSPs), enterprise-level SSD shipments and average selling prices have increased simultaneously. The total revenue of the top five brand manufacturers in the quarter reached US$6.54 billion, an increase of 28% from the previous quarter, setting a new high for the year.
The report pointed out that after entering the fourth quarter, market sentiment has shifted from "moderate recovery" to "active stocking." As NAND Flash original manufacturers are cautious about capacity expansion, the supply growth rate of enterprise-level SSDs obviously lags behind the demand growth. To avoid storage shortages affecting expensive AI server deployment schedules, cloud service providers are accelerating the establishment of safety inventories. In this seller's market situation where supply exceeds demand, the average contract price of enterprise-level SSDs is expected to increase by more than 25% quarter-on-quarter in the fourth quarter, driving industry revenue to a new high.
From the perspective of manufacturer performance, Samsung has successfully secured a large number of mature process orders with its most comprehensive TLC SSD product line and the Intel Ice Lake platform is still the mainstream. In the third quarter, its revenue reached US$2.44 billion, a quarter-on-quarter increase of 28.6%, firmly ranking first in the market. Although SK Group (including SK Hynix and Solidigm) has limited growth in large-capacity product shipments, thanks to strong overall demand for TLC SSDs, the group's total revenue reached US$1.86 billion, a month-on-month increase of 27.3%, ranking second.
Micron continued to improve its PCIe SSD product competitiveness and further expanded its customer base. Its revenue in the quarter reached US$991 million, a quarter-on-quarter increase of 26.3%, ranking third. Kioxia has become the fastest growing manufacturer with a month-on-month growth rate of over 30%, with revenue reaching US$978 million. Its flexible strategy not only provides finished SSDs, but also continues to supply enterprise-grade NAND particles to cloud vendors with self-research capabilities, strengthening the key role in the supply chain. SanDisk's revenue for the quarter was US$269 million. With the release of 218-layer NAND production capacity and rising demand for QLC SSD, it is expected to achieve more significant growth in 2026.