According to TrendForce, the boom is expected to continue, as conventional DRAM contract prices in 1Q26 are forecast to rise 55–60% QoQ, while NAND Flash prices are expected to increase 33–38% QoQ.

And that’s in an environment where DRAM output is significantly ramping up:

https://www.theverge.com/news/847344/micron-ram-memory-shortage-2026-earnings

Micron aims to ramp up production and expects to increase its shipments of DRAM and NAND flash memory by 20 percent next year

https://www.tweaktown.com/news/109011/sk-hynix-to-boost-dram-production-by-a-huge-8x-in-2026-still-wont-be-enough-for-ram-shortages/index.html

SK hynix to boost DRAM production by a huge 8x in 2026, still won’t be enough for RAM shortages

EDIT: Also:

The memory sector has surged into a full-blown seller’s market, with both South Korean giants rejecting long-term agreements (LTAs) of two to threes years and sticking to quarterly contracts, anticipating stepwise DRAM price increases each quarter through 2027, the report suggests.

Just a few years ago, they were losing a ton of money due to low DRAM prices, so I imagine that rejecting long-term contracts at current (already high) prices drives even more home that they expect demand to increase further relative to supply:

https://www.marketscreener.com/quote/stock/SK-HYNIX-INC-6494929/news/SK-Hynix-reports-Q2-loss-as-chip-glut-continues-44417161/

SK Hynix reports Q2 loss as chip glut continues

SEOUL (Reuters) -South Korea’s SK Hynix posted a quarterly operating loss on Wednesday, as the company said the memory chip market is beginning to recover from a deep downturn.

Published on 07/25/2023 at 07:29 pm EDT