Semiconductor market surpasses US$300bn quarterly revenue in 1Q26 as memory market shifts historical patterns

New Omdia research showed semiconductor revenue reached a record US$319bn in 1Q26, driven by surging memory demand and continued AI-related growth. Following a record-setting year for the semiconductor industry, the start of the new year has continued the momentum, as semiconductor revenue grew 27% in 1Q26 from 4Q25 to reach US$319bn, according to new research from Omdia. Memory revenue drove the increase, rising more than 80% sequentially in 1Q26 from 4Q25.