Nanya Technology’s Q3 2026 Revenue Jumps 61.9% as DRAM Prices Rise More Than 60%

CONFIRMED: Nanya Technology published these results on 12 October 2026. The company says all numbers are unaudited. The fourth-quarter outlook below is REPORTED by trade press, not stated in Nanya’s release.

Taiwanese memory-chip maker Nanya Technology says its sales revenue for the third quarter of 2026, ended 30 September, was NT$133,649 million, “a 61.9 percent increase” on the second quarter [1].

The rise came from price, not volume. Nanya says its average selling prices “increased by more than sixty percent” quarter over quarter, while its bit shipments, the amount of memory it actually shipped, “decreased by mid-single digit percent” [1].

Nanya makes DRAM, the working memory used in servers, PCs, phones and many other devices. It is smaller than Samsung, SK hynix and Micron, and sells mostly standard DRAM rather than the high-bandwidth memory (HBM) stacked next to AI chips.

The numbers (CONFIRMED, unaudited)

From Nanya’s release [1]:

Net income for the first nine months of 2026 was NT$163,877 million, Nanya says [1].

A gross margin of 85.7% means that, for every NT$100 of sales, only about NT$14 went on the direct cost of making the chips.

Why prices rose so fast: the DRAM context

DRAM is traded much like a commodity. When supply is tight, prices can move very quickly. Big chipmakers have shifted capacity towards HBM and server memory for AI data centres, and buyers of AI hardware have been taking more of the available DRAM, leaving less for everyone else.

Nanya President Pei-Ing Lee said demand from GPUs, TPUs, CPUs and ASICs is tightening DRAM supply for smartphones, PCs and other consumer products, TrendForce REPORTED, citing TechNews [2].

TrendForce also REPORTED that the jump in Nanya’s selling prices was largely because older long-term contracts, agreed in mid-to-late 2025 at lower prices, ran out in June, so new contracts at higher market prices took effect from July [2]. DIGITIMES similarly REPORTED that the rise followed the expiry of low-priced long-term contracts [3].

Higher memory prices have knock-on effects. TSN has reported Counterpoint’s view that memory costs are weighing on smartphone shipments (see Related stories).

AI share of the business (CONFIRMED)

Nanya says its “AI infrastructure-related business, which includes servers, networking, storage and system management solutions, currently accounts for more than 20% of total revenue” [1].

Expansion plans (CONFIRMED)

According to the release [1]:

• New fab: equipment move-in in the first quarter of 2027, ramping to 30,000 wafer starts per month by the end of 2028 and full capacity of 50,000 wafer starts per month by the end of 2030.
• 3D packaging and testing fab: planned at Pingtung Science Park by the end of 2028, using through-silicon vias (TSVs, tiny vertical wires through the chip) and wafer stacking.
• Next chip generation: customer qualification of its 1C process to begin in the first quarter of 2027; work on 1D, 1E and EUV “continues to progress according to schedule”.
• Tied to AI contracts: future capacity expansion will be “planned in line with customers’ AI projects under long-term agreements (LTAs)”.

Wafer starts per month is a measure of factory capacity: how many silicon wafers enter production each month.

Fourth-quarter outlook (REPORTED)

Nanya’s release gives no fourth-quarter guidance. TrendForce REPORTED, citing TechNews, that Lee expects DRAM prices to keep rising in Q4 2026, with gains varying by product and “room for further gross margin improvement” [2].

TrendForce also REPORTED, citing Central News Agency, that long-term agreements cover about 50% to 70% of Nanya’s business, that some customers want to extend contracts to three years or longer, and that Nanya holds about NT$270 billion in net cash [2]. These points are not in Nanya’s written release.

DIGITIMES described the quarter as record earnings for Nanya [3]; Nanya’s release does not use that word.

What this means

• Price is doing the work. Revenue rose by more than 60% while Nanya shipped slightly less memory. That is a sign of how tight DRAM supply is.
• AI is pulling on ordinary memory too. Even a maker of mostly standard DRAM now says more than a fifth of its revenue is AI infrastructure-related.
• New capacity is years away. The new fab only starts equipment move-in in 2027 and reaches full capacity at the end of 2030, so it does not ease today’s shortage.
• Unaudited, and the outlook is second-hand. The figures may change on audit, and the Q4 view comes from press reports of management comments, not the release.

Sources

1. Nanya Technology Corporation, “Nanya Technology Reports Results for the Third Quarter 2026”, press release, 12 October 2026 (unaudited), via Public Technologies. https://pubt.io/view/E304CEE27D0D1E39F285CF91CFB847C7C032B3CB
2. TrendForce News, “Nanya’s 3Q DRAM ASPs Surge Over 60% QoQ as Gross Margin Hits 85.7%; Further Gains Seen in 4Q”, 12 October 2026 (citing MoneyDJ, TechNews and Central News Agency). https://www.trendforce.com/news/2026/10/12/news-nanyas-3q-dram-asps-surge-over-60-qoq-as-gross-margin-hits-85-7-further-gains-seen-in-4q/
3. DIGITIMES (Siu Han), “Nanya gross margin hits 85.7% as low-priced DRAM contracts roll off”, 12 October 2026 (paywalled; summary only read). https://www.digitimes.com/news/a20261012PD236/nanya-technology-low-priced-dram-gross-margin-2026.html

Related stories

• Smartphone Shipments Fell 20% in Q3 2026, the Lowest Q3 Since 2012, Counterpoint Says, as Memory Costs Bite
• SK’s Chey Tae-won Says Korea Must Build Chip Fabs Faster as Micron and China’s CXMT Catch Up
• Counterpoint: Most Nvidia Rubin Products Likely to Use 12-Layer HBM4, Not the Rumoured Eight