The enterprise SSD market delivered strong growth in the third quarter of 2025, supported by rapid expansion in artificial intelligence workloads.
TrendForce reports that AI demand continued to scale from training to inference, while North American cloud service providers expanded both AI infrastructure and general-purpose servers. This surge in deployment pushed enterprise SSD shipments and pricing sharply higher, driving a 28 percent jump in combined revenue for the top five SSD suppliers. Total revenue reached approximately USD 6.54 billion, marking a new high for the year.
TrendForce notes that market sentiment in the fourth quarter is shifting from recovery to aggressive component procurement. Major NAND Flash manufacturers remain cautious about raising production due to previous market volatility, causing enterprise SSD output to lag well behind fast-growing demand.
Cloud providers are also building larger inventories to mitigate the risk of SSD shortages that could delay costly AI server rollouts. With supply tight and the market favoring sellers, average enterprise SSD contract prices are expected to climb more than 25 percent quarter over quarter in Q4, potentially driving another revenue record for the industry.
Samsung, the leading supplier, benefited from a recovery in general-purpose server demand. Intel’s Ice Lake platform still dominates the server market, and Samsung’s broad TLC portfolio positioned it well to secure strong orders for mature-node SSDs. Samsung posted a 28.6 percent revenue increase in the third quarter, reaching approximately USD 2.44 billion.
The SK group (SK Hynix and Solidigm) recorded stable growth in high-capacity SSD shipments. Strong server demand for TLC SSDs boosted total volume, lifting the group’s revenue by 27.3 percent to roughly USD 1.86 billion and maintaining its second-place ranking.
Micron strengthened its position in PCIe SSDs by expanding customer adoption. Increased shipments throughout the quarter pushed its revenue up 26.3 percent to USD 991 million, securing third place.
Kioxia posted the fastest growth among major vendors, with revenue rising more than 30 percent to slightly above USD 978 million. Unlike competitors focused primarily on complete SSD products, Kioxia employs a flexible strategy by supplying enterprise-grade NAND die to cloud providers developing their own SSDs. This approach reinforces its role as an essential die supplier in the market.
SanDisk reported USD 269 million in revenue for the third quarter. With expanding production of its 218-layer products and rising demand for QLC solutions, the company is expected to record stronger growth next year compared with several rivals.
Rajani Baburajan
