Memory giant Nanya held an online press conference to announce its consolidated financial report for the third quarter of 2025. Cumulatively, revenue in the third quarter was NT$18.779 billion, an increase of 78.4% from the second quarter, mainly due to the 40-digit percentage increase in DRAM average selling price (ASP) in the third quarter, and the sales volume also increased by 20-digit percentage compared with the second quarter.
Nanya stated that its operating gross profit in the third quarter was 3.465 billion yuan, with a gross profit margin of 18.5%, an increase of 39.1 percentage points from the second quarter. Operating net profit was 1.119 billion yuan, and operating net profit margin was 6.0%, an increase of 48.8 percentage points from the second quarter. Non-industry income was 904 million yuan, resulting in a net profit after tax of 1.563 billion yuan, a net profit margin of 8.3%, and earnings per share of 0.5 yuan, which was a profit compared with -1.32 yuan in the second quarter and -0.48 yuan in the same period in 2024, ending 11 consecutive quarters of losses.
Nanya General Manager Li Peiying pointed out that the overall market situation in the third quarter was that AI demand remained strong and the Non-AI market supply was insufficient, which led to a significant recovery in the DRAM market. The demand for DRAM for AI and general cloud servers continues to expand, and it is expected that there will be opportunities to maintain growth in 2026. In addition, AI applications will gradually spread to non-cloud markets, such as edge and customized markets.
As for market supply and demand, major suppliers have reduced DDR4/LPDDR4 output, and production capacity continues to shift to HBM and DDR5/LPDDR5. DRAM capital expenditures are mainly on advanced processes and high-end products, and manufacturing inventory remains at a healthy level. In terms of demand, in the server market, AI and high-performance computing continue to drive the demand for HBM and DDR5, while in the PC and mobile phone markets, new machines drive DDR5/LPDDR5 capacity upgrades and more AI applications. In the final consumer electronics terminal product market, the demand for DDR4/LPDDR4 in consumer applications has increased significantly.
Li Peiying emphasized that the shipment volume of 16Gb DDR5-5600 of Nanya's 10nm-level 1B process has reached 10%, and DDR5-6400 also meets the design specifications; the third-generation and fourth-generation processes (1C/1D) are in trial production as scheduled; at the same time, the development of TSV/DDP technology and customized HBM products is progressing smoothly. In addition, the company will continue to increase sales of DDR4 and LPDDR4 to meet customer needs.