Gartner projects global chip revenue to hit $1.56 trillion in 2026
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Gartner projects global semiconductor revenue will reach $1.56 trillion in 2026, up 92% from $809 billion in 2025. The forecast marks a sharp upward revision from the previous estimate of $1.32 trillion. Revenue is expected to climb further to $1.94 trillion in 2027.
Key Facts
- Gartner projects global semiconductor revenue of $1.56 trillion in 2026, up 92% from $809 billion in 2025.
- The 2026 forecast was revised up from a previous projection of $1.32 trillion, or 64% growth.
- Revenue is expected to reach $1.94 trillion in 2027.
- Memory chip revenue is projected at $837 billion in 2026 and $1 trillion in 2027.
- Excluding memory chips, semiconductor revenue is forecast to grow 21.9% in 2026 to $589 billion.
AI Infrastructure Demand
Gartner analyst Ben Lee said the semiconductor industry is entering a new growth phase driven by sustained investment in AI infrastructure and rising memory chip prices. Memory chip revenue is projected to reach $837 billion in 2026 and $1 trillion in 2027. Gartner forecasts DRAM revenue to grow 3.5 times in 2026 and NAND revenue to grow 4.7 times. Gartner analyst Shrish Pant said AI infrastructure has fundamentally changed the memory chip market dynamics.
Non-Memory Segment Outlook
Excluding memory chips, Gartner projects semiconductor revenue to grow 21.9% in 2026 to $589 billion. Non-memory revenue is expected to reach $864 billion in 2027.
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