Weekly brief · Week of Oct 26, 2026
DDR5 spot extends gains while module and contract pricing trail
Updated Nov 02, 2026 00:00 UTC
DDR5 spot pricing continued to climb this week, with the weekly average at $61.42, up 0.8% w/w and up 6.1% over four weeks, extending an eight-week run of gains. The move matters because the broader market still looks uneven: DDR4 spot slipped 0.6% w/w to $48.28 and GDDR6 eased 0.2% w/w to $12.47, while the pace of DDR5 gains has slowed from the prior week. Our regime read remains Transition for a sixth straight week with medium confidence, reflecting firm DDR5 spot pricing but weaker pass-through into modules and no confirmed contract reset. Contract data is also stale at 32 days old, limiting visibility into whether monthly pricing is beginning to catch up with spot.
Key numbers
| Series | Weekly avg | Week | 4 weeks | 12 weeks | vs high | 12-week trend |
|---|---|---|---|---|---|---|
| DDR5 | $61.42 | +0.8% | +6.1% | +19.5% | 0.0% | |
| DDR4 | $48.28 | -0.6% | -1.0% | -1.1% | -7.4% | |
| GDDR6 | $12.47 | -0.2% | +1.8% | +7.2% | -2.4% | |
| DDR5 Module | $241.49 | +1.0% | +1.1% | +12.5% | -3.4% |
Scorecard
| Regime | Transition: signals are mixed and do not point to a clear cycle phase |
| Confidence | Medium |
| Spot momentum | Spot gains are slowing |
| Module pass-through | Module prices are lagging chip spot |
| Contract reset | No contract reset has been seen |
How spot, module and contract compare
DDR5 chip spot remains the clear leader across the stack. Over four weeks, DDR5 chip spot rose 6.1% while DDR5 module pricing increased 1.1%, meaning only 19% of the chip move has flowed through to modules. The DDR5-to-DDR4 spot price gap widened to 1.27x from 1.19x four weeks ago, highlighting continued divergence between the two standards. Contract pricing still trails spot moves: the latest Sep 30 contract print showed DDR5 8GB SO-DIMM unchanged at $133, while the largest monthly increase was 4.2% for DDR4 8GB SO-DIMM at $148.
| Contract item | Price | Change | Print date |
|---|---|---|---|
| DDR5 8GB SO-DIMM | $133 | 0.0% | Sep 30 |
| DDR4 16GB SO-DIMM | $275 | +1.9% | Sep 30 |
| DDR4 8GB SO-DIMM | $148 | +4.2% | Sep 30 |
News signals
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What changed
- DDR5 spot averaged $61.42, up 0.8% w/w and up 19.5% over 12 weeks, marking an eighth straight weekly gain.
- DDR4 spot averaged $48.28, down 0.6% w/w and down 1.0% over four weeks.
- GDDR6 spot averaged $12.47, down 0.2% w/w but still up 7.2% over 12 weeks.
- DDR5 module pricing averaged $241.49, up 1.0% w/w and up 1.1% over four weeks.
- The market regime stayed at Transition for a sixth consecutive week, with slowing spot momentum, lagging module pass-through and no contract reset confirmed.
- Contract prices were last updated on 2026-09-30, 32 days ago; the largest move in that print was DDR4 8GB SO-DIMM up 4.2% to $148.
Regime call
Transition (medium confidence), 6th week in this regime
What to watch next
- A confirmed contract reset would require a tracked SO-DIMM contract increase of 10.0% or more; the latest print peaked at 4.2%.
- Module pass-through remains weak at 19% over four weeks versus the 65% level required for stronger confirmation.
- DDR5 momentum remains intact while weekly averages hold above last week's $60.90 level.
- Watch whether the DDR5-to-DDR4 spot ratio continues above the current 1.27x versus 1.19x four weeks ago.