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    Bit Market · Q3 2026

    Q3 2026 Roundup

    Memory, storage and chip companies in the July to September 2026 quarter, side by side, from their own releases.

    Revenue growth from a year earlier at one company in each group of the Q3 2026 roundupThree equal panels. Memory: Nanya revenue up 611.7% from a year earlier. Controllers: Phison up 374.6%. Chips: TSMC up 41.2%.BIT MARKET / ROUNDUPJuly to September 2026, side by sideREVENUE AGAINST A YEAR EARLIER01 MEMORY611.7%NanyaREVENUE GROWTH02 CONTROLLERS374.6%PhisonREVENUE GROWTH03 CHIPS41.2%TSMCREVENUE GROWTH

    Q3 2026 so far, against the same quarter a year earlier

    Quarters are calendar quarters. A company’s own fiscal quarter sits in the calendar quarter it ends in, counting a quarter that runs a few days over (a 52- or 53-week year) as ending in it, and its own label is under each figure. Won, yen, New Taiwan dollar and yuan figures are converted to US dollars at the Federal Reserve H.10 average for the quarter; the filed figure is under each. Samsung is its chip division (Device Solutions).

    • Samsung chip division revenue$103.8Bup 344.4% against a year earlier, in the filed currencyfiled ₩147.1Ta year earlier $23.9B (filed ₩33.1T)3Q 2026
    • SK hynix operating margin80%up 33.4 percentage points against a year earliera year earlier 46.6%3Q 2026
    • Micron revenue$54.229Bup 379.3% against a year earliera year earlier $11.315BFQ4 2026
    • Sandisk operating margin79.6%up 72.0 percentage points against a year earliera year earlier 7.6%FQ1 2027
    • Nvidia revenue$96.221Bup 105.9% against a year earliera year earlier $46.743BFQ2 FY2027

    Q3 2026 so far: 25 of 26 companies have reported. Still to report: YMTC.

    This page puts the July to September 2026 results of the memory, storage and chip companies this site follows side by side, as the Q2 2026 roundup did for the quarter before. Each company reports in its own fiscal calendar, and each quarter sits under the calendar quarter it mostly covers. Seagate and Sandisk closed theirs on October 2, just past the calendar quarter, and NVIDIA’s and Marvell’s quarters here ran mostly May to July. Memory makers here are Micron (with its prepared remarks), Samsung, SK hynix and CXMT. Flash comes from Kioxia and Sandisk, and hard drives from Western Digital and Seagate. TSMC and Intel represent the fabs, and NVIDIA, Marvell, AMD and Arm design chips. Nanya, Winbond and Macronix make specialty memory. Phison, Silicon Motion and Maxio make controllers, and so does FADU, whose figures are preliminary. ADATA, Transcend, Longsys and Biwin sell modules. Some changes and margins are my arithmetic from a company’s own tables, and each group page says which. YMTC files no quarterly results this page uses. Each group has a page of its own, linked in its section, and Bit Market carries the other quarters.

    The quarter in one line

    The chart below takes one company from six of the groups, leaving out the memory and flash makers. Revenue grew from a year earlier at all six, and at four it more than doubled. Nanya’s rose 611.7% and TSMC’s 41.2%.

    The quarter in one line

    Revenue grew from a year earlier at all six companies shown

    Revenue growth against the same quarter a year earlier

    Horizontal bars, revenue growth from a year earlier in percent. Nanya 611.7, Phison 374.6, Transcend 291.1, NVIDIA 106, Western Digital 55, TSMC 41.2.Company0200400600800Revenue growth from a year earlier (%)Nanyaspecialty memory611.7%Phisoncontrollers374.6%Transcendmodules291.1%NVIDIAchip designers106%Western Digitalhard drives55%TSMCfoundry41.2%MemoryControllers and modulesChipsHard drives
    Figure 1 · One company from each group, in each company’s own fiscal calendar; four of the six more than doubled. Source: company releases and filings for July to September 2026, linked in the lede.

    Memory and flash makers

    Every memory and flash maker grew on the quarter, and by my arithmetic from their releases Micron’s revenue rose 30.8%, SK hynix’s 31.9% and Kioxia’s 40.3%. Samsung’s chip division grew 15%, CXMT’s revenue 19.3% and Sandisk’s 23%, as each prints it. Group pages for the memory makers and flash makers set these out in full.

    Memory and flash makers

    Five memory and flash makers kept close to 80% of sales as profit

    Operating margin in the quarter, as each company reports it

    Horizontal bars, operating margin in percent. Micron 80.7, Kioxia 80.2 (non-GAAP, dashed), SK hynix 80, Nanya 80.0, Sandisk 79.6, Samsung chip division 72, Macronix 53.4.Company0255075100Operating margin (%)MicronGAAP, FQ4 202680.7%Kioxianon-GAAP80.2%SK hynixK-IFRS80%Nanyaconsolidated80.0%SandiskGAAP, fiscal Q179.6%Samsungchip division72%Macronixconsolidated53.4%As reportedNon-GAAP
    Figure 2 · Kioxia’s margin is non-GAAP and Samsung’s is its chip division alone; CXMT is left out. Source: company releases and filings for July to September 2026, linked in the lede.

    At the top of the group, margins now sit near 80%. Micron’s GAAP operating margin was 80.7%, Kioxia’s non-GAAP margin 80.2%, SK hynix’s 80%, Nanya’s 80.0% and Sandisk’s 79.6%. Samsung’s chip division was at 72%. CXMT is left out of the margin comparison since, as the memory makers page explains, its operating profit under Chinese accounting includes government grants and investment gains.

    Among the specialty memory makers, Nanya’s net sales rose 61.9% on the quarter, Winbond’s revenue rose 37.6% by my arithmetic and Macronix’s net sales rose 27%. Macronix’s operating margin was 53.4%, and a separate page compares the three specialty makers.

    Module and SSD brands

    All four module brands at least doubled their revenue from a year earlier. ADATA’s release prints 265.2%, and the Longsys and Biwin reports print 123.74% and 130.67%. Transcend’s 291.1% is my arithmetic from its income statement. On the quarter they split. ADATA grew 38.93% and Longsys 3.2%, while Transcend’s revenue fell 14.6% and Biwin’s 29.9%. Those last three changes are my arithmetic. ADATA’s operating margin was 28.9%, down from 33.5%, and Transcend’s was 52.4%, down from 75.1% in its second quarter. More detail is on the SSD and module brands page.

    Module and SSD brands

    All four module brands at least doubled their revenue in a year

    Revenue growth against the same quarter a year earlier

    Horizontal bars, revenue growth from a year earlier in percent. Transcend 291.1, ADATA 265.2, Biwin 130.67, Longsys 123.74.Company0100200300Revenue growth from a year earlier (%)Transcend291.1%ADATA265.2%Biwin130.67%Longsys123.74%Revenue growth from a year earlier
    Figure 3 · Transcend’s growth is my arithmetic from its income statement; the other three as each company prints it. Source: company releases and filings for July to September 2026, linked in the lede.

    Controllers

    Phison’s revenue was NT$86.076 billion, up 374.6% from a year earlier by my arithmetic, at a 38.22% operating margin against 38.84% in the second quarter. Silicon Motion’s revenue rose 131.5% from a year earlier by my arithmetic to $560.2 million, and its GAAP operating margin was 29.0%, from 22.4% in the second quarter. Maxio’s revenue rose 65.51% from a year earlier. FADU’s preliminary revenue rose 459.8% from a year earlier, at a 25.3% margin. All four are compared on the controller makers page.

    Controllers

    Phison earned the widest operating margin of the controller makers

    Operating margin in the quarter

    Horizontal bars, operating margin in percent. Phison 38.22, Silicon Motion 29.0, FADU 25.3 (preliminary, dashed).Company010203040Operating margin (%)PhisonTIFRS38.22%Silicon MotionGAAP29.0%FADUpreliminary25.3%Operating marginPreliminary
    Figure 4 · Phison reports under TIFRS and Silicon Motion under GAAP; FADU’s margin is computed from its preliminary profit and revenue. Source: company releases and filings for July to September 2026, linked in the lede.

    Hard drives

    Western Digital’s revenue grew 17% on the quarter and 55% from a year earlier, as its release prints it, and Seagate’s rose 16.6% on the quarter by my arithmetic. Both widened their GAAP operating margins, Western Digital’s to 46.7%, from 41.7% in fiscal Q4 2026, and Seagate’s 48.8%, from 43.0%. A hard drive makers page sets the two side by side.

    Hard drives

    Both drive makers widened their margins again

    GAAP operating margin, fiscal Q4 2026 and fiscal Q1 2027

    Horizontal bars, GAAP operating margin in percent. Western Digital 41.7 in fiscal Q4 2026 and 46.7 in fiscal Q1 2027. Seagate 43.0 and 48.8.Company and quarter01020304050GAAP operating margin (%)Western Digitalfiscal Q4 202641.7%Western Digitalfiscal Q1 202746.7%Seagatefiscal Q4 202643.0%Seagatefiscal Q1 202748.8%Fiscal Q4 2026Fiscal Q1 2027
    Figure 5 · Each company’s fiscal Q1 2027 is its July to September quarter. Source: company releases and filings for July to September 2026, linked in the lede.

    Chip designers and the foundry

    Against a year earlier NVIDIA’s revenue rose 106%, AMD’s 45%, Marvell’s 37% and Arm’s 27%, as each prints it, and TSMC’s 41.2%. NVIDIA’s GAAP operating margin was 66.2% and TSMC’s 58.7%, well ahead of AMD at 21.2%, Marvell at 16.8%, Intel at 15.3% and Arm at 13.9%. Intel’s margin was 5.0% a year earlier. Both the chip designers and chip producers pages go further, including why NVIDIA’s and Marvell’s quarters ended in July and August.

    Chip designers and the foundry

    NVIDIA and TSMC kept the widest operating margins of the group

    Operating margin in the quarter

    Horizontal bars, operating margin in percent. NVIDIA 66.2, TSMC 58.7, AMD 21.2, Marvell 16.8, Intel 15.3, Arm 13.9.Company020406080Operating margin (%)NVIDIAGAAP, Q2 FY2766.2%TSMCTIFRS, 3Q2658.7%AMDGAAP, Q3 202621.2%MarvellGAAP, FQ2 202716.8%IntelGAAP, Q3 202615.3%ArmGAAP, FQ2 FYE2713.9%Chip designersChip producers
    Figure 6 · Each company’s own fiscal quarter that ended between July 26 and September 30, 2026. Source: company releases and filings for July to September 2026, linked in the lede.

    Converting currencies

    Federal Reserve H.10 quarterly averages for July to September 2026 were 1,417.24 won, 159.25 yen, 31.9961 New Taiwan dollars and 6.7406 yuan to the US dollar. Dollar figures on the Earnings Desk for this quarter use these averages.

    Converting currencies

    One US dollar bought these amounts from July to September 2026

    Federal Reserve H.10 quarterly averages, per US dollar

    Four rows, each a box for one US dollar joined by an arrow to the amount it bought: 1,417.24 Korean won, 159.25 Japanese yen, 31.9961 New Taiwan dollars, 6.7406 Chinese yuan.One US dollar1,417.24 wonKOREAN WONOne US dollar159.25 yenJAPANESE YENOne US dollar31.9961 dollarsNEW TAIWAN DOLLARSOne US dollar6.7406 yuanCHINESE YUAN
    Figure 7 · The companies report in these currencies, so this page’s dollar comparisons use these averages. Source: Federal Reserve H.10 release via FRED.

    What it means for the drive you buy

    Sandisk reports its consumer sales as a segment of their own, which shows where its growth came from. From fiscal Q4 2026 to fiscal Q1 2027 its Datacenter revenue rose 61% from $2,977 million to $4,802 million, and Edge rose 7% to $5,832 million, while Consumer fell 29% from $556 million to $397 million. Growth came from Datacenter and Edge, not from Consumer. My reading is that the flash going into shoppers’ drives and cards is not where this quarter’s money went. The Memory Cycle explains why the data center pulls so hard, and Best SSDs has the current picks for each tier.

    What it means for the drive you buy

    Sandisk’s Datacenter and Edge revenue grew while Consumer fell

    Sandisk revenue by end market, fiscal Q4 2026 and fiscal Q1 2027

    Horizontal bars, revenue in millions of dollars. Datacenter 2,977 then 4,802; Edge 5,432 then 5,832; Consumer 556 then 397, fiscal Q4 2026 then fiscal Q1 2027.End market and quarter02,0004,0006,000Revenue (millions of dollars)DatacenterQ4 20262,977DatacenterQ1 20274,802EdgeQ4 20265,432EdgeQ1 20275,832ConsumerQ4 2026556ConsumerQ1 2027397Fiscal Q4 2026Fiscal Q1 2027
    Figure 8 · Datacenter rose 61% and Edge 7% from the quarter before, while Consumer fell 29%. Source: Sandisk fiscal Q1 2027 release.

    Company-reported results, explained. Each company reports on its own fiscal calendar and in its own currency; the Period column says which quarter each row is. Not investment advice.

    01

    Company against company

    Every company’s quarter on the same bars, then the year that led up to it.

    Revenue is in US dollars so every company shares one axis: won, yen, New Taiwan dollar and yuan figures are converted at the Federal Reserve’s average rate for the quarter. Operating margin needs no conversion. Each bar is the company’s own quarter that falls in these months, named on the right.

    Q3 2026 revenue, every companyRevenue in US dollars for each company that reported Q3 2026, sorted largest first, with each company’s own reporting period named on the right.BIT MARKET / Q3 2026Q3 2026 revenue, every companyUS dollars, largest firstREVENUE IN US DOLLARSREPORTED PERIOD$0$50B$100B$150BSamsung chips 3Q 2026 Device Solutions: ₩147.1T (K-IFRS, C-E-417), $103.8B at 1417.24 KRW per dollar (H.10, C-E-140)Samsung chips$103.8B3Q 2026Nvidia FQ2 FY2027: $96.221B (GAAP, C-E-737)Nvidia$96.2BFQ2 FY2027SK hynix 3Q 2026: ₩104.6155T (K-IFRS, C-E-419), $73.8B at 1417.24 KRW per dollar (H.10, C-E-140)SK hynix$73.8B3Q 2026Micron FQ4 2026: $54.229B (GAAP, C-E-008)Micron$54.2BFQ4 2026TSMC 3Q 2026: NT$1,494.24B (TIFRS, C-E-443), $46.7B at 31.9961 TWD per dollar (H.10, C-E-142)TSMC$46.7B3Q 2026CXMT 3Q 2026: CN¥118.71403B (CAS, C-E-875), $17.6B at 6.7406 CNY per dollar (H.10, C-E-143)CXMT$17.6B3Q 2026Intel 3Q 2026: $16.5B (GAAP, C-E-448)Intel$16.5B3Q 2026Kioxia FY2026 Q2: ¥2,480.0B (IFRS, C-E-710), $15.6B at 159.25 JPY per dollar (H.10, C-E-141)Kioxia$15.6BFY2026 Q2AMD 3Q 2026: $13.377B (GAAP, C-E-877)AMD$13.4B3Q 2026Sandisk FQ1 2027: $11.031B (GAAP, C-E-433)Sandisk$11.0BFQ1 2027WD FQ1 2027: $4.381B (GAAP, C-E-421)WD$4.4BFQ1 2027Seagate FQ1 2027: $4.233B (GAAP, C-E-422)Seagate$4.2BFQ1 2027Nanya 3Q 2026: NT$133.649B (TIFRS, C-E-426), $4.2B at 31.9961 TWD per dollar (H.10, C-E-142)Nanya$4.2B3Q 2026Marvell FQ2 FY2027: $2.7393B (GAAP, C-E-730)Marvell$2.7BFQ2 FY2027Phison 3Q 2026: NT$86.076B (TIFRS, C-E-1142), $2.7B at 31.9961 TWD per dollar (H.10, C-E-142)Phison$2.7B3Q 2026Winbond 3Q 2026: NT$82.331B (TIFRS, C-E-871), $2.6B at 31.9961 TWD per dollar (H.10, C-E-142)Winbond$2.6B3Q 2026Longsys 3Q 2026: CN¥14.629869B (CAS, C-E-880), $2.2B at 6.7406 CNY per dollar (H.10, C-E-143)Longsys$2.2B3Q 2026ADATA 3Q 2026: NT$52.993B (TIFRS, C-E-479), $1.7B at 31.9961 TWD per dollar (H.10, C-E-142)ADATA$1.7B3Q 2026Arm FQ2 FY2027: $1.443B (GAAP, C-E-1111)Arm$1.4BFQ2 FY2027Biwin 3Q 2026: CN¥6.142233B (CAS, C-E-881), $911M at 6.7406 CNY per dollar (H.10, C-E-143)Biwin$911M3Q 2026Macronix 3Q 2026: NT$24.237B (TIFRS, C-E-444), $757M at 31.9961 TWD per dollar (H.10, C-E-142)Macronix$757M3Q 2026Silicon Motion 3Q 2026: $560.2M (GAAP, C-E-430)Silicon Motion$560M3Q 2026Transcend 3Q 2026: NT$16.067459B (TIFRS, C-E-1139), $502M at 31.9961 TWD per dollar (H.10, C-E-142)Transcend$502M3Q 2026FADU 3Q 2026: ₩143.561B (K-IFRS preliminary, C-E-1098), $101M at 1417.24 KRW per dollar (H.10, C-E-140)FADU$101M3Q 2026Maxio 3Q 2026: CN¥514.98M (CAS, C-E-483), $76M at 6.7406 CNY per dollar (H.10, C-E-143)Maxio$76M3Q 2026
    Each company’s own quarter that falls in these months; won, yen and NT dollar revenue converted at the Federal Reserve H.10 average for the quarter; a dashed bar is preliminary. Source: Company releases; Federal Reserve H.10 via FRED.
    Q3 2026 operating margin, every companyOperating margin for each company that reported Q3 2026, sorted largest first, with each company’s own reporting period named on the right.BIT MARKET / Q3 2026Q3 2026 operating margin, every companyPercent of revenue, largest firstOPERATING MARGINREPORTED PERIOD0%25%50%75%100%Micron FQ4 2026: 80.7% (GAAP, C-E-039)Micron80.7%FQ4 2026Kioxia FY2026 Q2: 80.2% (non-GAAP, C-E-453)Kioxia80.2%FY2026 Q2SK hynix 3Q 2026: 80% (K-IFRS, C-E-420)SK hynix80%3Q 2026Nanya 3Q 2026: 80.0% (TIFRS, C-E-427)Nanya80.0%3Q 2026Sandisk FQ1 2027: 79.6% (GAAP, C-E-434)Sandisk79.6%FQ1 2027Samsung chips 3Q 2026: 72% (K-IFRS, C-E-418)Samsung chips72%3Q 2026Nvidia FQ2 FY2027: 66.2% (GAAP, C-E-738)Nvidia66.2%FQ2 FY2027TSMC 3Q 2026: 58.7% (TIFRS, C-E-425)TSMC58.7%3Q 2026Macronix 3Q 2026: 53.4% (TIFRS, C-E-429)Macronix53.4%3Q 2026Transcend 3Q 2026: 52.4% (TIFRS, C-E-1141)Transcend52.4%3Q 2026Seagate FQ1 2027: 48.8% (GAAP, C-E-422)Seagate48.8%FQ1 2027WD FQ1 2027: 46.7% (GAAP, C-E-421)WD46.7%FQ1 2027Phison 3Q 2026: 38.22% (TIFRS, C-E-1144)Phison38.22%3Q 2026Silicon Motion 3Q 2026: 29.0% (GAAP, C-E-430)Silicon Motion29.0%3Q 2026ADATA 3Q 2026: 28.9% (TIFRS, C-E-481)ADATA28.9%3Q 2026FADU 3Q 2026: 25.3% (K-IFRS preliminary, C-E-1100)FADU25.3%3Q 2026AMD 3Q 2026: 21.2% (GAAP, C-E-876)AMD21.2%3Q 2026Marvell FQ2 FY2027: 16.8% (GAAP, C-E-732)Marvell16.8%FQ2 FY2027Intel 3Q 2026: 15.3% (GAAP, C-E-449)Intel15.3%3Q 2026Arm FQ2 FY2027: 13.9% (GAAP, C-E-1113)Arm13.9%FQ2 FY2027
    Each company’s own quarter that falls in these months; a loss draws left of zero; a dashed bar is preliminary. Source: Company releases.
    Memory makers: revenue, year to this issueRevenue in US dollars for memory makers over the five quarters up to Q3 2026.BIT MARKET / MEMORY MAKERSMemory makers: revenue, year to this issueUS dollars; the rule marks this issue’s quarterthis issueMEMORY MAKERS$0$50B$100B$150BMicron FQ4 2025: $11.315B (GAAP, C-E-886)Micron FQ1 2026: $13.643B (GAAP, C-E-469)Micron FQ2 2026: $23.86B (GAAP, C-E-474)Micron FQ3 2026: $41.456B (GAAP, C-E-885)Micron FQ4 2026: $54.229B (GAAP, C-E-008)Samsung chips 3Q 2025 Device Solutions: ₩33.1T (K-IFRS, C-E-148), $23.9B at 1386.95 KRW per dollar (H.10, C-E-164)Samsung chips 4Q 2025 Device Solutions: ₩44.0T (K-IFRS, C-E-150), $30.4B at 1448.76 KRW per dollar (H.10, C-E-165)Samsung chips 1Q 2026 Device Solutions: ₩81.7T (K-IFRS, C-E-152), $55.7B at 1465.57 KRW per dollar (H.10, C-E-166)Samsung chips 2Q 2026 Device Solutions: ₩127.5T (K-IFRS, C-E-154), $85.0B at 1500.48 KRW per dollar (H.10, C-E-167)Samsung chips 3Q 2026 Device Solutions: ₩147.1T (K-IFRS, C-E-417), $103.8B at 1417.24 KRW per dollar (H.10, C-E-140)SK hynix 3Q 2025: ₩24.4489T (K-IFRS, C-E-119), $17.6B at 1386.95 KRW per dollar (H.10, C-E-164)SK hynix 4Q 2025: ₩32.8267T (K-IFRS, C-E-121), $22.7B at 1448.76 KRW per dollar (H.10, C-E-165)SK hynix 1Q 2026: ₩52.5763T (K-IFRS, C-E-897), $35.9B at 1465.57 KRW per dollar (H.10, C-E-166)SK hynix 2Q 2026: ₩79.3187T (K-IFRS, C-E-041), $52.9B at 1500.48 KRW per dollar (H.10, C-E-167)SK hynix 3Q 2026: ₩104.6155T (K-IFRS, C-E-419), $73.8B at 1417.24 KRW per dollar (H.10, C-E-140)CXMT 1Q 2026: CN¥50.80015B (CAS, C-E-438), $7.3B at 6.9218 CNY per dollar (H.10, C-E-184)CXMT 2Q 2026: CN¥99.50993B (CAS, C-E-437), $14.6B at 6.8048 CNY per dollar (H.10, C-E-185)CXMT 3Q 2026: CN¥118.71403B (CAS, C-E-875), $17.6B at 6.7406 CNY per dollar (H.10, C-E-143)● Samsung chips $103.8B● SK hynix $73.8B● Micron $54.2B● CXMT $17.6BQ3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue, each company’s own periods at their real end dates. Source: Company releases; Federal Reserve H.10 via FRED.
    Specialty memory makers: revenue, year to this issueRevenue in US dollars for specialty memory makers over the five quarters up to Q3 2026.BIT MARKET / SPECIALTY MEMORY MAKERSSpecialty memory makers: revenue, year to thisissueUS dollars; the rule marks this issue’s quarterthis issueSPECIALTY MEMORY MAKERS$0$2B$4B$6BNanya 3Q 2025: NT$18.779B (TIFRS, C-E-982), $627M at 29.9447 TWD per dollar (H.10, C-E-176)Nanya 4Q 2025: NT$30.094B (TIFRS, C-E-246), $970M at 31.0232 TWD per dollar (H.10, C-E-177)Nanya 1Q 2026: NT$49.087B (TIFRS, C-E-247), $1.6B at 31.6302 TWD per dollar (H.10, C-E-178)Nanya 2Q 2026: NT$82.549B (TIFRS, C-E-248), $2.6B at 31.603 TWD per dollar (H.10, C-E-179)Nanya 3Q 2026: NT$133.649B (TIFRS, C-E-426), $4.2B at 31.9961 TWD per dollar (H.10, C-E-142)Winbond 3Q 2025: NT$21.771B (TIFRS, C-E-257), $727M at 29.9447 TWD per dollar (H.10, C-E-176)Winbond 4Q 2025: NT$26.624B (computed from the full year, C-E-258), $858M at 31.0232 TWD per dollar (H.10, C-E-177)Winbond 1Q 2026: NT$38.253B (TIFRS, C-E-259), $1.2B at 31.6302 TWD per dollar (H.10, C-E-178)Winbond 2Q 2026: NT$59.843B (TIFRS, C-E-260), $1.9B at 31.603 TWD per dollar (H.10, C-E-179)Winbond 3Q 2026: NT$82.331B (TIFRS, C-E-871), $2.6B at 31.9961 TWD per dollar (H.10, C-E-142)Macronix 3Q 2025: NT$8.214B (TIFRS, C-E-251), $274M at 29.9447 TWD per dollar (H.10, C-E-176)Macronix 4Q 2025: NT$7.729B (TIFRS, C-E-252), $249M at 31.0232 TWD per dollar (H.10, C-E-177)Macronix 1Q 2026: NT$10.469B (TIFRS, C-E-253), $331M at 31.6302 TWD per dollar (H.10, C-E-178)Macronix 2Q 2026: NT$19.125B (TIFRS, C-E-254), $605M at 31.603 TWD per dollar (H.10, C-E-179)Macronix 3Q 2026: NT$24.237B (TIFRS, C-E-444), $757M at 31.9961 TWD per dollar (H.10, C-E-142)● Nanya $4.2B● Winbond $2.6B● Macronix $757MQ3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue, each company’s own periods at their real end dates. Source: Company releases; Federal Reserve H.10 via FRED.
    Flash makers: revenue, year to this issueRevenue in US dollars for flash makers over the five quarters up to Q3 2026.BIT MARKET / FLASH MAKERSFlash makers: revenue, year to this issueUS dollars; the rule marks this issue’s quarterthis issueFLASH MAKERS$0$10B$20BKioxia FY2025 Q2: ¥448.3B (IFRS, C-E-1083), $3.0B at 147.51 JPY per dollar (H.10, C-E-170)Kioxia FY2025 Q3: ¥543.6B (IFRS, C-E-905), $3.5B at 154.07 JPY per dollar (H.10, C-E-171)Kioxia FY2025 Q4: ¥1,002.9B (IFRS, C-E-904), $6.4B at 156.9 JPY per dollar (H.10, C-E-172)Kioxia FY2026 Q1: ¥1,767.1B (IFRS, C-E-043), $11.1B at 159.36 JPY per dollar (H.10, C-E-173)Kioxia FY2026 Q2: ¥2,480.0B (IFRS, C-E-710), $15.6B at 159.25 JPY per dollar (H.10, C-E-141)Sandisk FQ1 2026: $2.308B (GAAP, C-E-095)Sandisk FQ2 2026: $3.025B (GAAP, C-E-097)Sandisk FQ3 2026: $5.95B (GAAP, C-E-916)Sandisk FQ4 2026: $8.965B (GAAP, C-E-045)Sandisk FQ1 2027: $11.031B (GAAP, C-E-433)YMTC 1Q 2026: CN¥47.04231B (CAS, C-E-440), $6.8B at 6.9218 CNY per dollar (H.10, C-E-184)● Kioxia $15.6B● Sandisk $11.0B● YMTC $6.8BQ3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue, each company’s own periods at their real end dates. Source: Company releases; Federal Reserve H.10 via FRED.
    SSD and module brands: revenue, year to this issueRevenue in US dollars for ssd and module brands over the five quarters up to Q3 2026.BIT MARKET / SSD AND MODULE BRANDSSSD and module brands: revenue, year to thisissueUS dollars; the rule marks this issue’s quarterthis issueSSD AND MODULE BRANDS$0$1B$2B$3BADATA 3Q 2025: NT$14.511B (TIFRS, C-E-1023), $485M at 29.9447 TWD per dollar (H.10, C-E-176)ADATA 4Q 2025: NT$15.845B (TIFRS, C-E-292), $511M at 31.0232 TWD per dollar (H.10, C-E-177)ADATA 1Q 2026: NT$26.1B (TIFRS, C-E-291), $825M at 31.6302 TWD per dollar (H.10, C-E-178)ADATA 2Q 2026: NT$38.143B (TIFRS, C-E-290), $1.2B at 31.603 TWD per dollar (H.10, C-E-179)ADATA 3Q 2026: NT$52.993B (TIFRS, C-E-479), $1.7B at 31.9961 TWD per dollar (H.10, C-E-142)Transcend 3Q 2025: NT$4.108501B (TIFRS, C-E-296), $137M at 29.9447 TWD per dollar (H.10, C-E-176)Transcend 4Q 2025: NT$6.803668B (TIFRS, computed from the full year, C-E-297), $219M at 31.0232 TWD per dollar (H.10, C-E-177)Transcend 1Q 2026: NT$13.628469B (TIFRS, C-E-298), $431M at 31.6302 TWD per dollar (H.10, C-E-178)Transcend 2Q 2026: NT$18.815419B (TIFRS, C-E-299), $595M at 31.603 TWD per dollar (H.10, C-E-179)Transcend 3Q 2026: NT$16.067459B (TIFRS, C-E-1139), $502M at 31.9961 TWD per dollar (H.10, C-E-142)Longsys 3Q 2025: CN¥6.538677B (CAS, C-E-1033), $914M at 7.157 CNY per dollar (H.10, C-E-182)Longsys 4Q 2025: CN¥6.031838B (CAS, C-E-301), $851M at 7.0889 CNY per dollar (H.10, C-E-183)Longsys 1Q 2026: CN¥9.908726B (CAS, C-E-302), $1.4B at 6.9218 CNY per dollar (H.10, C-E-184)Longsys 2Q 2026: CN¥14.179637B (CAS, half year less 1Q, C-E-303), $2.1B at 6.8048 CNY per dollar (H.10, C-E-185)Longsys 3Q 2026: CN¥14.629869B (CAS, C-E-880), $2.2B at 6.7406 CNY per dollar (H.10, C-E-143)Biwin 3Q 2025: CN¥2.662747B (CAS, C-E-1035), $372M at 7.157 CNY per dollar (H.10, C-E-182)Biwin 4Q 2025: CN¥4.727396B (CAS, C-E-304), $667M at 7.0889 CNY per dollar (H.10, C-E-183)Biwin 1Q 2026: CN¥6.814252B (CAS, C-E-305), $984M at 6.9218 CNY per dollar (H.10, C-E-184)Biwin 2Q 2026: CN¥8.760691B (CAS, half year less 1Q, C-E-306), $1.3B at 6.8048 CNY per dollar (H.10, C-E-185)Biwin 3Q 2026: CN¥6.142233B (CAS, C-E-881), $911M at 6.7406 CNY per dollar (H.10, C-E-143)● Longsys $2.2B● ADATA $1.7B● Biwin $911M● Transcend $502MQ3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue, each company’s own periods at their real end dates. Source: Company releases; Federal Reserve H.10 via FRED.
    Controller makers: revenue, year to this issueRevenue in US dollars for controller makers over the five quarters up to Q3 2026.BIT MARKET / CONTROLLER MAKERSController makers: revenue, year to this issueUS dollars; the rule marks this issue’s quarterthis issueCONTROLLER MAKERS$0$1B$2B$3BSilicon Motion 3Q 2025: $242.0M (GAAP, C-E-113)Silicon Motion 4Q 2025: $278.5M (GAAP, C-E-115)Silicon Motion 1Q 2026: $342.1M (GAAP, C-E-944)Silicon Motion 2Q 2026: $451.0M (GAAP, C-E-051)Silicon Motion 3Q 2026: $560.2M (GAAP, C-E-430)Phison 3Q 2025: NT$18.137B (TIFRS, C-E-135), $606M at 29.9447 TWD per dollar (H.10, C-E-176)Phison 4Q 2025: NT$22.799B (TIFRS, C-E-159), $735M at 31.0232 TWD per dollar (H.10, C-E-177)Phison 1Q 2026: NT$40.967B (TIFRS, C-E-161), $1.3B at 31.6302 TWD per dollar (H.10, C-E-178)Phison 2Q 2026: NT$67.888B (TIFRS, C-E-027), $2.1B at 31.603 TWD per dollar (H.10, C-E-179)Phison 3Q 2026: NT$86.076B (TIFRS, C-E-1142), $2.7B at 31.9961 TWD per dollar (H.10, C-E-142)Maxio 3Q 2025: CN¥311.15M (CAS, C-E-956), $43M at 7.157 CNY per dollar (H.10, C-E-182)Maxio 4Q 2025: CN¥406.26M (CAS, C-E-186), $57M at 7.0889 CNY per dollar (H.10, C-E-183)Maxio 1Q 2026: CN¥355.28M (CAS, C-E-187), $51M at 6.9218 CNY per dollar (H.10, C-E-184)Maxio 2Q 2026: CN¥498.83M (CAS, C-E-189), $73M at 6.8048 CNY per dollar (H.10, C-E-185)Maxio 3Q 2026: CN¥514.98M (CAS, C-E-483), $76M at 6.7406 CNY per dollar (H.10, C-E-143)FADU 3Q 2025: ₩25.6B (K-IFRS, C-E-331), $18M at 1386.95 KRW per dollar (H.10, C-E-164)FADU 4Q 2025: ₩23.9B (K-IFRS, C-E-333), $16M at 1448.76 KRW per dollar (H.10, C-E-165)FADU 1Q 2026: ₩59.5B (K-IFRS preliminary, C-E-334), $41M at 1465.57 KRW per dollar (H.10, C-E-166)FADU 2Q 2026: ₩73.2B (K-IFRS preliminary, C-E-335), $49M at 1500.48 KRW per dollar (H.10, C-E-167)FADU 3Q 2026: ₩143.561B (K-IFRS preliminary, C-E-1098), $101M at 1417.24 KRW per dollar (H.10, C-E-140)● Phison $2.7B● Silicon Motion $560M● FADU $101M● Maxio $76MQ3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue, each company’s own periods at their real end dates. Source: Company releases; Federal Reserve H.10 via FRED.
    Chip designers (fabless) and IP: revenue, year to this issueRevenue in US dollars for chip designers (fabless) and ip over the five quarters up to Q3 2026.BIT MARKET / CHIP DESIGNERS (FABLESS) AND IPChip designers (fabless) and IP: revenue, year tothis issueUS dollars; the rule marks this issue’s quarterthis issueCHIP DESIGNERS (FABLESS) AND IP$0$50B$100BMarvell FQ2 FY2026: $2.0061B (GAAP, C-E-963)Marvell FQ3 FY2026: $2.0745B (GAAP, C-E-193)Marvell FQ4 FY2026: $2.2187B (GAAP, C-E-194)Marvell FQ1 FY2027: $2.4178B (GAAP, C-E-196)Marvell FQ2 FY2027: $2.7393B (GAAP, C-E-730)Nvidia FQ2 FY2026: $46.743B (GAAP, C-E-988)Nvidia FQ3 FY2026: $57.006B (GAAP, C-E-991)Nvidia FQ4 FY2026: $68.127B (GAAP, C-E-270)Nvidia FQ1 FY2027: $81.615B (GAAP, C-E-269)Nvidia FQ2 FY2027: $96.221B (GAAP, C-E-737)AMD 3Q 2025: $9.246B (GAAP, C-E-1002)AMD 4Q 2025: $10.27B (GAAP, C-E-274)AMD 1Q 2026: $10.253B (GAAP, C-E-273)AMD 2Q 2026: $11.536B (GAAP, C-E-272)AMD 3Q 2026: $13.377B (GAAP, C-E-877)Arm FQ2 FY2026: $1.135B (GAAP, C-E-289)Arm FQ3 FY2026: $1.242B (GAAP, C-E-288)Arm FQ4 FY2026: $1.49B (GAAP, C-E-287)Arm FQ1 FY2027: $1.289B (GAAP, C-E-286)Arm FQ2 FY2027: $1.443B (GAAP, C-E-1111)● Nvidia $96.2B● AMD $13.4B● Marvell $2.7B● Arm $1.4BQ3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue, each company’s own periods at their real end dates. Source: Company releases; Federal Reserve H.10 via FRED.
    Chip producers (foundry and IDM): revenue, year to this issueRevenue in US dollars for chip producers (foundry and idm) over the five quarters up to Q3 2026.BIT MARKET / CHIP PRODUCERS (FOUNDRY AND IDM)Chip producers (foundry and IDM): revenue, yearto this issueUS dollars; the rule marks this issue’s quarterthis issueCHIP PRODUCERS (FOUNDRY AND IDM)$0$20B$40B$60BTSMC 3Q 2025: NT$989.92B (TIFRS, C-E-282), $33.1B at 29.9447 TWD per dollar (H.10, C-E-176)TSMC 4Q 2025: NT$1,046.09B (TIFRS, C-E-283), $33.7B at 31.0232 TWD per dollar (H.10, C-E-177)TSMC 1Q 2026: NT$1,134.10B (TIFRS, C-E-284), $35.9B at 31.6302 TWD per dollar (H.10, C-E-178)TSMC 2Q 2026: NT$1,270.38B (TIFRS, C-E-285), $40.2B at 31.603 TWD per dollar (H.10, C-E-179)TSMC 3Q 2026: NT$1,494.24B (TIFRS, C-E-443), $46.7B at 31.9961 TWD per dollar (H.10, C-E-142)Intel 3Q 2025: $13.7B (GAAP, C-E-279)Intel 4Q 2025: $13.7B (GAAP, C-E-278)Intel 1Q 2026: $13.6B (GAAP, C-E-277)Intel 2Q 2026: $16.1B (GAAP, C-E-276)Intel 3Q 2026: $16.5B (GAAP, C-E-448)● TSMC $46.7B● Intel $16.5BQ3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue, each company’s own periods at their real end dates. Source: Company releases; Federal Reserve H.10 via FRED.
    Hard drive makers: revenue, year to this issueRevenue in US dollars for hard drive makers over the five quarters up to Q3 2026.BIT MARKET / HARD DRIVE MAKERSHard drive makers: revenue, year to this issueUS dollars; the rule marks this issue’s quarterthis issueHARD DRIVE MAKERS$0$2B$4B$6BWD FQ1 2026: $2.818B (GAAP, C-E-107)WD FQ2 2026: $3.017B (GAAP, C-E-109)WD FQ3 2026: $3.337B (GAAP, C-E-932)WD FQ4 2026: $3.747B (GAAP, C-E-049)WD FQ1 2027: $4.381B (GAAP, C-E-421)Seagate FQ1 2026: $2.629B (GAAP, C-E-101)Seagate FQ2 2026: $2.825B (GAAP, C-E-103)Seagate FQ3 2026: $3.112B (GAAP, C-E-054)Seagate FQ4 2026: $3.629B (GAAP, C-E-053)Seagate FQ1 2027: $4.233B (GAAP, C-E-422)● WD $4.4B● Seagate $4.2BQ3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue, each company’s own periods at their real end dates. Source: Company releases; Federal Reserve H.10 via FRED.
    Memory makers: margin, year to this issueOperating margin for memory makers over the five quarters up to Q3 2026.BIT MARKET / MEMORY MAKERSMemory makers: margin, year to this issuePercent of revenue; the rule marks this issue’s quarterthis issueMEMORY MAKERS0%50%100%Micron FQ4 2025: 32.3% (GAAP, C-E-890)Micron FQ1 2026: 45.0% (GAAP, C-E-472)Micron FQ2 2026: 67.6% (GAAP, C-E-477)Micron FQ3 2026: 80.4% (GAAP, C-E-889)Micron FQ4 2026: 80.7% (GAAP, C-E-039)Samsung chips 3Q 2025: 21.1% (K-IFRS, C-E-149)Samsung chips 4Q 2025: 37.3% (K-IFRS, C-E-151)Samsung chips 1Q 2026: 65.7% (K-IFRS, C-E-153)Samsung chips 2Q 2026: 70.0% (K-IFRS, C-E-155)Samsung chips 3Q 2026: 72% (K-IFRS, C-E-418)SK hynix 3Q 2025: 46.6% (K-IFRS, C-E-120)SK hynix 4Q 2025: 58.4% (K-IFRS, C-E-122)SK hynix 1Q 2026: 72% (K-IFRS, C-E-1041)SK hynix 2Q 2026: 76% (K-IFRS, C-E-006)SK hynix 3Q 2026: 80% (K-IFRS, C-E-420)● Micron 80.7%● SK hynix 80%● Samsung chips 72%Q3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue; an arrow marks a quarter below the scale, with its value. Source: Company releases.
    Specialty memory makers: margin, year to this issueOperating margin for specialty memory makers over the five quarters up to Q3 2026.BIT MARKET / SPECIALTY MEMORY MAKERSSpecialty memory makers: margin, year to thisissuePercent of revenue; the rule marks this issue’s quarterthis issueSPECIALTY MEMORY MAKERS-50%0%50%100%Nanya 3Q 2025: 6.0% (TIFRS, C-E-984)Nanya 4Q 2025: 39.1% (TIFRS, C-E-246)Nanya 1Q 2026: 61.3% (TIFRS, C-E-247)Nanya 2Q 2026: 73.7% (TIFRS, C-E-248)Nanya 3Q 2026: 80.0% (TIFRS, C-E-427)Macronix 3Q 2025: −13.9% (TIFRS, C-E-251)Macronix 4Q 2025: −5.1% (TIFRS, C-E-252)Macronix 1Q 2026: 18.5% (TIFRS, C-E-253)Macronix 2Q 2026: 46.9% (TIFRS, C-E-254)Macronix 3Q 2026: 53.4% (TIFRS, C-E-429)● Nanya 80.0%● Macronix 53.4%Q3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue; an arrow marks a quarter below the scale, with its value. Source: Company releases.
    Flash makers: margin, year to this issueOperating margin for flash makers over the five quarters up to Q3 2026.BIT MARKET / FLASH MAKERSFlash makers: margin, year to this issuePercent of revenue; the rule marks this issue’s quarterthis issueFLASH MAKERS0%50%100%Kioxia FY2025 Q2: 19% (non-GAAP, C-E-1044)Kioxia FY2025 Q3: 27% (non-GAAP, C-E-1043)Kioxia FY2025 Q4: 60% (non-GAAP, C-E-1042)Kioxia FY2026 Q1: 75% (non-GAAP, C-E-043)Kioxia FY2026 Q2: 80.2% (non-GAAP, C-E-453)Sandisk FQ1 2026: 7.6% (GAAP, C-E-096)Sandisk FQ2 2026: 35.2% (GAAP, C-E-098)Sandisk FQ3 2026: 69.1% (GAAP, C-E-1046)Sandisk FQ4 2026: 78.5% (GAAP, C-E-048)Sandisk FQ1 2027: 79.6% (GAAP, C-E-434)● Kioxia 80.2%● Sandisk 79.6%Q3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue; an arrow marks a quarter below the scale, with its value. Source: Company releases.
    SSD and module brands: margin, year to this issueOperating margin for ssd and module brands over the five quarters up to Q3 2026.BIT MARKET / SSD AND MODULE BRANDSSSD and module brands: margin, year to this issuePercent of revenue; the rule marks this issue’s quarterthis issueSSD AND MODULE BRANDS0%50%100%ADATA 3Q 2025: 13.2% (TIFRS, C-E-1025)ADATA 4Q 2025: 35.4% (TIFRS, C-E-1059)ADATA 1Q 2026: 47.0% (TIFRS, C-E-1027)ADATA 2Q 2026: 33.5% (TIFRS, C-E-293)ADATA 3Q 2026: 28.9% (TIFRS, C-E-481)Transcend 3Q 2025: 36.8% (TIFRS, C-E-1030)Transcend 4Q 2025: 55.6% (TIFRS, computed from the full year, C-E-1074)Transcend 1Q 2026: 71.8% (TIFRS, C-E-1031)Transcend 2Q 2026: 75.1% (TIFRS, C-E-300)Transcend 3Q 2026: 52.4% (TIFRS, C-E-1141)● Transcend 52.4%● ADATA 28.9%Q3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue; an arrow marks a quarter below the scale, with its value. Source: Company releases.
    Controller makers: margin, year to this issueOperating margin for controller makers over the five quarters up to Q3 2026.BIT MARKET / CONTROLLER MAKERSController makers: margin, year to this issuePercent of revenue; the rule marks this issue’s quarterthis issueCONTROLLER MAKERS-50%0%50%Silicon Motion 3Q 2025: 12.1% (GAAP, C-E-114)Silicon Motion 4Q 2025: 11.4% (GAAP, C-E-116)Silicon Motion 1Q 2026: 15.3% (GAAP, C-E-948)Silicon Motion 2Q 2026: 22.4% (GAAP, C-E-052)Silicon Motion 3Q 2026: 29.0% (GAAP, C-E-430)Phison 3Q 2025: 7.9% (TIFRS, C-E-136)Phison 4Q 2025: 14.6% (TIFRS, C-E-160)Phison 1Q 2026: 36.23% (TIFRS, C-E-952)Phison 2Q 2026: 38.84% (TIFRS, C-E-056)Phison 3Q 2026: 38.22% (TIFRS, C-E-1144)FADU 3Q 2025: −44.6% (K-IFRS, C-E-1071)FADU 4Q 2025: −107.8% (K-IFRS, C-E-1072)−107.8%FADU 1Q 2026: 12.9% (K-IFRS preliminary, C-E-959)FADU 2Q 2026: 22.3% (K-IFRS preliminary, C-E-336)FADU 3Q 2026: 25.3% (K-IFRS preliminary, C-E-1100)● Phison 38.22%● Silicon Motion 29.0%● FADU 25.3%Q3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue; an arrow marks a quarter below the scale, with its value. Source: Company releases.
    Chip designers (fabless) and IP: margin, year to this issueOperating margin for chip designers (fabless) and ip over the five quarters up to Q3 2026.BIT MARKET / CHIP DESIGNERS (FABLESS) AND IPChip designers (fabless) and IP: margin, year tothis issuePercent of revenue; the rule marks this issue’s quarterthis issueCHIP DESIGNERS (FABLESS) AND IP0%25%50%75%Marvell FQ2 FY2026: 14.5% (GAAP, C-E-965)Marvell FQ3 FY2026: 17.2% (GAAP, C-E-193)Marvell FQ4 FY2026: 18.2% (GAAP, C-E-194)Marvell FQ1 FY2027: 14.0% (GAAP, C-E-196)Marvell FQ2 FY2027: 16.8% (GAAP, C-E-732)Nvidia FQ2 FY2026: 60.8% (GAAP, C-E-990)Nvidia FQ3 FY2026: 63.2% (GAAP, C-E-1053)Nvidia FQ4 FY2026: 65.0% (GAAP, C-E-994)Nvidia FQ1 FY2027: 65.6% (GAAP, C-E-995)Nvidia FQ2 FY2027: 66.2% (GAAP, C-E-738)AMD 3Q 2025: 13.7% (GAAP, C-E-1004)AMD 4Q 2025: 17.1% (GAAP, C-E-1005)AMD 1Q 2026: 14.4% (GAAP, C-E-1055)AMD 2Q 2026: 17.3% (GAAP, C-E-275)AMD 3Q 2026: 21.2% (GAAP, C-E-876)Arm FQ2 FY2026: 14.4% (GAAP, C-E-289)Arm FQ3 FY2026: 14.9% (GAAP, C-E-288)Arm FQ4 FY2026: 29.4% (GAAP, C-E-287)Arm FQ1 FY2027: 7.1% (GAAP, C-E-286)Arm FQ2 FY2027: 13.9% (GAAP, C-E-1113)● Nvidia 66.2%● AMD 21.2%● Marvell 16.8%● Arm 13.9%Q3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue; an arrow marks a quarter below the scale, with its value. Source: Company releases.
    Chip producers (foundry and IDM): margin, year to this issueOperating margin for chip producers (foundry and idm) over the five quarters up to Q3 2026.BIT MARKET / CHIP PRODUCERS (FOUNDRY AND IDM)Chip producers (foundry and IDM): margin, year tothis issuePercent of revenue; the rule marks this issue’s quarterthis issueCHIP PRODUCERS (FOUNDRY AND IDM)-50%0%50%100%TSMC 3Q 2025: 50.6% (TIFRS, C-E-282)TSMC 4Q 2025: 54.0% (TIFRS, C-E-283)TSMC 1Q 2026: 58.1% (TIFRS, C-E-284)TSMC 2Q 2026: 60.3% (TIFRS, C-E-285)TSMC 3Q 2026: 58.7% (TIFRS, C-E-425)Intel 3Q 2025: 5.0% (GAAP, C-E-279)Intel 4Q 2025: 4.2% (GAAP, C-E-278)Intel 1Q 2026: −23.1% (GAAP, C-E-277)Intel 2Q 2026: 11.1% (GAAP, C-E-276)Intel 3Q 2026: 15.3% (GAAP, C-E-449)● TSMC 58.7%● Intel 15.3%Q3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue; an arrow marks a quarter below the scale, with its value. Source: Company releases.
    Hard drive makers: margin, year to this issueOperating margin for hard drive makers over the five quarters up to Q3 2026.BIT MARKET / HARD DRIVE MAKERSHard drive makers: margin, year to this issuePercent of revenue; the rule marks this issue’s quarterthis issueHARD DRIVE MAKERS0%20%40%60%WD FQ1 2026: 28.1% (GAAP, C-E-108)WD FQ2 2026: 30.1% (GAAP, C-E-110)WD FQ3 2026: 35.7% (GAAP, C-E-936)WD FQ4 2026: 41.7% (GAAP, C-E-049)WD FQ1 2027: 46.7% (GAAP, C-E-421)Seagate FQ1 2026: 26.4% (GAAP, C-E-102)Seagate FQ2 2026: 29.8% (GAAP, C-E-104)Seagate FQ3 2026: 32.1% (GAAP, C-E-941)Seagate FQ4 2026: 43.0% (GAAP, C-E-055)Seagate FQ1 2027: 48.8% (GAAP, C-E-422)● Seagate 48.8%● WD 46.7%Q3’25Q4’25Q1’26Q2’26Q3’26
    Up to five quarters ending with this issue; an arrow marks a quarter below the scale, with its value. Source: Company releases.

    EoF indicators

    Each tile follows one company over its own reporting periods. Spending is reported on different bases from company to company, so read each tile across time, not against its neighbors.

    Micron: Operating marginGAAP
    32.3%FQ4 202545.0%FQ1 202667.6%FQ2 202680.4%FQ3 202680.7%FQ4 2026
    Samsung Electronics: Operating marginK-IFRS
    14.1%3Q 202521.4%4Q 202542.7%1Q 202652.2%2Q 202655.0%3Q 2026
    SK hynix: Operating marginK-IFRS
    46.6%3Q 202558.4%4Q 202572%1Q 202676%2Q 202680%3Q 2026
    Nanya Technology: Operating marginTIFRS
    6.0%3Q 202539.1%4Q 202561.3%1Q 202673.7%2Q 202680.0%3Q 2026
    Macronix International: Operating marginTIFRS
    −13.9%3Q 2025−5.1%4Q 202518.5%1Q 202646.9%2Q 202653.4%3Q 2026
    Kioxia: Operating marginnon-GAAP
    19%FY2025 Q227%FY2025 Q360%FY2025 Q475%FY2026 Q180.2%FY2026 Q2
    Sandisk: Operating marginGAAP
    7.6%FQ1 202635.2%FQ2 202669.1%FQ3 202678.5%FQ4 202679.6%FQ1 2027
    ADATA Technology: Operating marginTIFRS
    13.2%3Q 202535.4%4Q 202547.0%1Q 202633.5%2Q 202628.9%3Q 2026
    Transcend Information: Operating marginTIFRS
    36.8%3Q 202555.6%4Q 202571.8%1Q 202675.1%2Q 202652.4%3Q 2026
    Silicon Motion: Operating marginGAAP
    12.1%3Q 202511.4%4Q 202515.3%1Q 202622.4%2Q 202629.0%3Q 2026
    Phison: Operating marginTIFRS
    7.9%3Q 202514.6%4Q 202536.23%1Q 202638.84%2Q 202638.22%3Q 2026
    FADU: Operating marginK-IFRS preliminary
    −44.6%3Q 2025−107.8%4Q 202512.9%1Q 202622.3%2Q 202625.3%3Q 2026
    Marvell Technology: Operating marginGAAP
    14.5%FQ2 FY202617.2%FQ3 FY202618.2%FQ4 FY202614.0%FQ1 FY202716.8%FQ2 FY2027
    NVIDIA: Operating marginGAAP
    60.8%FQ2 FY202663.2%FQ3 FY202665.0%FQ4 FY202665.6%FQ1 FY202766.2%FQ2 FY2027
    AMD: Operating marginGAAP
    13.7%3Q 202517.1%4Q 202514.4%1Q 202617.3%2Q 202621.2%3Q 2026
    Arm Holdings: Operating marginGAAP
    14.4%FQ2 FY202614.9%FQ3 FY202629.4%FQ4 FY20267.1%FQ1 FY202713.9%FQ2 FY2027
    TSMC: Operating marginTIFRS
    50.6%3Q 202554.0%4Q 202558.1%1Q 202660.3%2Q 202658.7%3Q 2026
    Intel: Operating marginGAAP
    5.0%3Q 20254.2%4Q 2025−23.1%1Q 202611.1%2Q 202615.3%3Q 2026
    Western Digital: Operating marginGAAP
    28.1%FQ1 202630.1%FQ2 202635.7%FQ3 202641.7%FQ4 202646.7%FQ1 2027
    Seagate: Operating marginGAAP
    26.4%FQ1 202629.8%FQ2 202632.1%FQ3 202643.0%FQ4 202648.8%FQ1 2027
    Micron: Capital spending as a share of revenuenet of incentives
    43.5%FQ4 202533.0%FQ1 202621.0%FQ2 202617.1%FQ3 202619.9%FQ4 2026
    Kioxia: Capital spending as a share of revenuegross capex
    3.0%FY2026 Q1
    Sandisk: Capital spending as a share of revenuePP&E purchases
    2.2%FQ1 20261.3%FQ2 20260.8%FQ3 20260.5%FQ4 20260.5%FQ1 2027
    Silicon Motion: Capital spending as a share of revenueas reported
    7.0%1Q 20258.3%3Q 20252.8%4Q 20251.7%2Q 20264.1%3Q 2026
    Western Digital: Capital spending as a share of revenuenet PP&E
    2.7%FQ4 20252.6%FQ1 20263.0%FQ2 20264.3%FQ3 20262.9%FQ4 2026
    Seagate: Capital spending as a share of revenuegross PP&E
    4.0%FQ1 20264.1%FQ2 20265.2%FQ3 20265.2%FQ4 20265.0%FQ1 2027
    Micron: NAND share of revenueGAAP
    26%FQ4 2026

    02

    Side by side

    Every filed figure for the quarter in one table, each in its own currency and period.

    CompanyPeriodRevenueOperating incomeOperating marginCapex / revenueNAND shareRevenue, year on yearRevenue, last four quarters
    MicronFQ4 2026Jun–Aug$54.229BGAAP$43.751BGAAP80.7%GAAP19.9%net of incentives26%GAAPup 379.3%filed currency$133.2BUS dollars
    Samsung Electronics3Q 2026Jul–Sep$137.8Bfiled ₩195.3T, K-IFRS$75.8Bfiled ₩107.4T, K-IFRS55.0%K-IFRS––up 126.9%filed currency$408.2BUS dollars
    SK hynix3Q 2026Jul–Sep$73.8Bfiled ₩104.6155T, K-IFRS$58.8Bfiled ₩83.3338T, K-IFRS80%K-IFRS––up 327.9%filed currency$185.2BUS dollars
    Nanya Technology3Q 2026Jul–Sep$4.2Bfiled NT$133.649B, TIFRS$3.3Bfiled NT$106.894B, TIFRS80.0%TIFRS––up 611.7%filed currency$9.3BUS dollars
    Winbond Electronics3Q 2026Jul–Sep$2.6Bfiled NT$82.331B, TIFRS––––up 278.2%filed currency$6.5BUS dollars
    Macronix International3Q 2026Jul–Sep$757Mfiled NT$24.237B, TIFRS–53.4%TIFRS––up 195.1%filed currency$1.9BUS dollars
    KioxiaFY2026 Q2Jul–Sep$15.6Bfiled ¥2,480.0B, IFRS$12.5Bfiled ¥1,988.3B, non-GAAP80.2%non-GAAP––up 453.2%filed currency$36.6BUS dollars
    Kioxia, more figures: Gross margin 82.8% · Net income $8.5B (filed ¥1,355.7B) · EPS (basic) ¥838.31
    SandiskFQ1 2027Jul–Sep$11.031BGAAP$8.78BGAAP79.6%GAAP0.5%PP&E purchases–up 377.9%filed currency$29.0BUS dollars
    ADATA Technology3Q 2026Jul–Sep$1.7Bfiled NT$52.993B, TIFRS$479Mfiled NT$15.314B, TIFRS28.9%TIFRS––up 265.2%filed currency$4.2BUS dollars
    Transcend Information3Q 2026Jul–Sep$502Mfiled NT$16.067459B, TIFRS$263Mfiled NT$8.412452B, TIFRS52.4%TIFRS––up 291.1%filed currency$1.7BUS dollars
    Longsys3Q 2026Jul–Sep$2.2Bfiled CN¥14.629869B, CAS––––up 123.7%filed currency$6.5BUS dollars
    Biwin Storage3Q 2026Jul–Sep$911Mfiled CN¥6.142233B, CAS––––up 130.7%filed currency$3.8BUS dollars
    Silicon Motion3Q 2026Jul–Sep$560.2MGAAP$162.6MGAAP29.0%GAAP4.1%as reported–up 131.5%filed currency$1.6BUS dollars
    Phison3Q 2026Jul–Sep$2.7Bfiled NT$86.076B, TIFRS$1.0Bfiled NT$32.898B, TIFRS38.22%TIFRS––up 374.6%filed currency$6.9BUS dollars
    Maxio Technology3Q 2026Jul–Sep$76Mfiled CN¥514.98M, CAS––––up 65.5%filed currency$257MUS dollars
    FADU3Q 2026Jul–Sep$101Mfiled ₩143.561B, K-IFRS preliminary$26Mfiled ₩36.269B, K-IFRS preliminary25.3%K-IFRS preliminary––up 460.8%filed currency$207MUS dollars
    Marvell TechnologyFQ2 FY2027May–Jul *$2.7393BGAAP$459.7MGAAP16.8%GAAP––up 36.5%filed currency$9.5BUS dollars
    NVIDIAFQ2 FY2027May–Jul *$96.221BGAAP$63.734BGAAP66.2%GAAP––up 105.9%filed currency$303.0BUS dollars
    AMD3Q 2026Jul–Sep$13.377BGAAP$2.832BGAAP21.2%GAAP––up 44.7%filed currency$45.4BUS dollars
    Arm HoldingsFQ2 FY2027Jul–Sep$1.443BGAAP$201MGAAP13.9%GAAP––up 27.1%filed currency$5.5BUS dollars
    TSMC3Q 2026Jul–Sep$46.7Bfiled NT$1,494.24B, TIFRS–58.7%TIFRS––up 50.9%filed currency$156.5BUS dollars
    Intel3Q 2026Jul–Sep$16.5BGAAP–15.3%GAAP––up 20.4%filed currency$59.9BUS dollars
    Western DigitalFQ1 2027Jul–Sep$4.381BGAAP$2.046BGAAP46.7%GAAP––up 55.5%filed currency$14.5BUS dollars
    SeagateFQ1 2027Jul–Sep$4.233BGAAP$2.064BGAAP48.8%GAAP5.0%gross PP&E–up 61.0%filed currency$13.8BUS dollars
    CXMT (ChangXin Memory)3Q 2026Jul–Sep$17.6Bfiled CN¥118.71403B, CAS$14.7Bfiled CN¥99.03947B, CAS–––––

    Under each period are the months it mostly covers. A star marks a quarter that mostly falls in the calendar quarter before, because the company’s fiscal quarter ends only a month or so into this one. Year-on-year growth compares a company’s quarter with its same quarter a year earlier, in the currency it files in. The last four quarters add each quarter’s revenue in US dollars, shown where all four are filed.

    Won, yen, New Taiwan dollar and yuan figures are converted to US dollars at the Federal Reserve H.10 average for the calendar quarter; the filed figure is under each.

    Sources

    Primary is the original paper, standard or datasheet. Secondary is a review, a vendor summary or a news report. Measured is my own test data.

    Show all 39 sources, 39 primary