47.3% fall for Q1 SSD sales

Q2 is expected to show a small demand increase.

Kioxia rose to third place in Q1 despite its enterprise SSD revenue dropping 39.7% to approximately $296 million.

Samsung’s Q1 enterprise SSD revenue fell to US$801 million, marking a QoQ decline of 55%. Samsung holds a competitive edge in technology with the launch of a 128-L PCIe 5.0 product.

Hynix had  Q1 enterprise SSD revenue of  $458 million—a QoQ decrease of 36.4%.

WDC saw Q1 enterprise SSD revenues fall 50% to $225 million. WDC’s  R&D pace for enterprise SSDs has lagged behind competitors with a notable decline in NAND profits this year, leading to the company cutting capex.

Micron had a Q1 downturn of 29.2% to $218 million.