Semiconductor billings surge in October with DRAM up 90%: Wells Fargo
Dec. 04, 2025 1:44 PM ET
By: Brandon Evans, SA News Editor
Semiconductor billings surged 33% year over year to total $71.3B in October, according to Wells Fargo, citing the most recent data from the Semiconductor Industry Association.
Dynamic random access memory, or DRAM, accounted for much of the jump as DRAM billings rocketed 90% year over year to reach $12.82B. The most prolific producers of DRAM include Micron Technology ( MU), Samsung ( OTCPK:SSNLF) and SK Hynix. NAND billings increased 13% year over year to total $5.13B.
"We would note that SIA's implied NAND capacity ship estimates were materially revised for September—thus implying declines in $/GB (i.e., -16% m/m in Oct?), which we question given the current market dynamics," said Wells Fargo analysts, led by Aaron Rakers, in an industry note.
Microprocessor billings totaled $5.98B in October, which was a year-over-year increase of 16%. However, despite the jump in billings, the total number of MPUs shipped declined 4% year over year.
Analog billings were even stronger, increasing by 18% year over year to total $7.93B. Units shipped climbed 11% year over year.
Microcontroller billings also increased 18% year over year to $1.88B, with shipments up 21%. MOSFET power billings gained 19% year over year to $1.02B.
Semiconductor stocks were demonstrating mixed action during Thursday trading. Micron was down 3%, while Nvidia ( NVDA) had ticked up 2%. Intel ( INTC) had dropped 6%, AMD ( AMD) had inched down 0.5% and Taiwan Semiconductor Manufacturing ( TSM) had declined 1%. Texas Instruments ( TXN) had slipped 1% and Analog Devices ( ADI) was up 0.2%. |
