Global data center server and storage component revenue increased 40 percent year-over-year in 3Q 2025, driven primarily by strength in AI accelerators, which also lifted demand for complementary components including HBM, back-end NICs, and storage drives, according to a new report from Dell’Oro Group.
“Growth in the quarter was led by NVIDIA’s Blackwell Ultra ramp across US hyperscalers and neo cloud providers,” said Baron Fung, Senior Research Director at Dell’Oro Group. “Deployments of custom accelerators from hyperscale customers such as Google and Amazon also surged, driven by training and inference requirements for foundational models, as well as large cloud agreements with customers including Anthropic and Meta. Beyond AI-specific platforms, general-purpose server and storage demand from hyperscalers remained strong, supporting shipments of CPUs, NICs, and storage drives as they continue to add cloud capacity in support of AI infrastructure. The enterprise market remains uneven. While the server refresh cycle provided upside in prior quarters, we believe this refresh cycle is now winding down,” said Fung.
Additional highlights from the 3Q 2025 Data Center IT Semiconductors and Components Quarterly Report:
- The Server and Storage Systems Component market is forecast to grow by 48 percent in 2025.
- NVIDIA led vendors in data center IT component revenues, followed by SK Hynix and Samsung. NVIDIA’s performance reflected the strong ramp of Blackwell Ultra. SK Hynix and Samsung recorded growth due to HBM demand and rising DRAM and SSD prices.
- High-end accelerators will remain the largest contributor to revenue growth in 2026, supported by the launch of NVIDIA’s Vera Rubin and AMD’s MI400 rack-scale platforms, along with the next generation of custom accelerators from Google and Amazon.