Team Group 2Q26 profit surges more than 200-fold, expects DRAM shortage to persist through 2027

Kingston's 200-fold profit surge in H1 2026 reflects a deepening imbalance in the DRAM market. Upstream, wafer and lithography equipment vendors are poised for sustained growth, while downstream OEMs face mounting cost pressures. Geopolitical tensions, particularly U.S. export controls on China, are accelerating supply chain reshoring and localization efforts. Competitors like SK Hynix and Micron may respond with capacity expansion or M&A strategies. Over the next 24 months, DRAM pricing is expected to remain volatile, ushering in a new cycle driven by scarcity. Companies must prepare for technological substitution and diversified sourcing to mitigate risks.