On April 13, Nanya Technology reported record Q1 2026 results. Revenue hit NT$49.09B , up 582.9% YoY and 63.1% QoQ. Gross margin reached 67.9% , with net profit surging 1,442.8% to NT$26.06B (NT$8.41 per share) – all-time highs.
Despite a mid-single-digit volume drop, average DRAM selling price jumped over 70% , driving the profit explosion, said GM Lee Pei-ing. He expects high margins to persist.
AI is the core DRAM demand driver – cloud giants investing heavily in HBM, high-capacity DDR5, LPDDR5, with demand spreading to edge AI. Lee forecasts double-digit DRAM price growth in Q2 and supply shortages through 2027. Nanya’s DDR5 revenue share is ~10%; custom AI high-frequency memory (AI UWIO) is already contributing.
The new Taishan fab is on track: cleanroom ready by end-2026, tool installation in Q1 2027. On April 8, Nanya completed a NT$78.72B private placement fully subscribed by Kioxia, Cisco, and two others (10.19% stake), strengthening supply chain ties.
Lee dismissed concerns: Google’s memory compression won’t cut DRAM usage; helium supply is secure; China fab expansion has no direct impact. New DRAM capacity won’t arrive until 2028 , so tight supply and high margins will continue.
ICgoodFind :Nanya’s 70% DRAM price jump + AI demand = 14x profit surge. Supply tight through 2028.
