Samsung’s HBM prices tipped to more than double in 2027

What happened: KB Securities expects Samsung Electronics HBM prices to more than double on-year in 2027 as the industry shifts to HBM4 and tight DRAM supply lifts contract pricing. Why it matters: KB said Samsung HBM4 could be contracted at the highest price among Samsung, SK hynix and Micron, a potential earnings lift as it tries to close the gap with SK hynix. TrendForce said DDR5 server memory overtook HBM in per-wafer revenue, weakening the view that HBM is always the more profitable use of wafer capacity.

KB Securities expects Samsung Electronics HBM prices to more than double on-year in 2027 as the industry shifts to HBM4 and tight DRAM supply lifts contract pricing.

KB said Samsung HBM4 could be contracted at the highest price among Samsung, SK hynix and Micron, a potential earnings lift as it tries to close the gap with SK hynix. TrendForce said DDR5 server memory overtook HBM in per-wafer revenue, weakening the view that HBM is always the more profitable use of wafer capacity.