KB Securities Projects Double-Digit DRAM Price Rise In Early 2027
With most of Samsung's 2027 output already committed and HBM4 prices forecast to climb, the memory cost pressure that has squeezed PC and console hardware has a forward curve that points higher, not lower.
Reporting from 1 source: Game Spark.
KB Securities analyst Kim Dong-won, in an October 20 report, said Samsung Electronics has locked in five-year supply contracts for about 70% of its general-purpose memory production for 2027, and full annual HBM output. Total contracted memory comes to roughly 80% of 2027 production. The report projects HBM average selling prices up 100 to 150% year on year in 2027 and DRAM prices up a double-digit percentage in the first quarter.
The report puts HBM4 at the center of the price story. Kim expects HBM4 to grow from 40% of Samsung's HBM sales in 2026 to 80% in 2027, and high-priced HBM4 to pull DRAM prices up with it. Operating profit is projected at 367 trillion won in 2026 and 555 trillion won in 2027, against a target share price of 600,000 won.
For buyers of PCs and game hardware, the relevant line is the supply side: almost all of next year's memory is spoken for before the year starts.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.