KB Securities sees double-digit DRAM price rise in Q1 2027
The report also forecasts that HBM4 will account for 80 percent of Samsung Electronics' HBM sales in 2027, up from 40 percent in 2026.
KB Securities said in a report dated October 20 that DRAM prices in the first quarter of 2027 are expected to rise by a double-digit percentage compared with the previous quarter, according to gamespark.jp. The firm also estimated that about 80 percent of Samsung Electronics' total 2027 memory production already has buyers lined up.
According to the report, about 70 percent of Samsung's general-purpose memory output for 2027, including DRAM and NAND, is covered by five-year long-term supply contracts with major global IT companies. It added that Samsung has secured supply contracts for the full annual planned output of high bandwidth memory, centered on HBM4.
KB Securities forecast that HBM average selling prices will rise 100 to 150 percent year on year in 2027, and that HBM4 will grow from 40 percent of Samsung's HBM sales in 2026 to 80 percent in 2027.
The firm also predicted operating profit of 367 trillion won for Samsung in 2026 and 555 trillion won in 2027, and kept its target share price at 600,000 won.
Separately, SK hynix's CEO said 2027 will bring the worst memory supply shortage in the industry's history, lasting until the end of 2030.
Quick answers
What does KB Securities expect for DRAM prices in the first quarter of 2027?
The report forecasts a double-digit percentage rise compared with the previous quarter.
How much of Samsung Electronics' 2027 memory output is already contracted?
KB Securities estimated that about 80 percent of Samsung's total 2027 memory production already has buyers lined up.
What did KB Securities forecast for Samsung's operating profit?
367 trillion won in 2026 and 555 trillion won in 2027, with a target share price of 600,000 won.