MU · News · 20260804N

Memory Pricing Outlook

MICRON TECHNOLOGY INC · 2026-08-04 · Importance 43 · Surprise 24

Analysts cited continued memory tightness but warned that pricing momentum could weaken beginning in 2027. Citi expects slower DRAM and NAND price increases over the next four quarters, with pricing potentially peaking around the second quarter of 2027 and declining in late 2027. Other reports said Micron’s long-term agreements and take-or-pay structures could provide revenue and pricing support through the cycle, including at least $100 billion of multiyear memory contracts.

Key facts

• Bank of America analyst Vivek Arya suggests that even in a bear-case scenario Micron could achieve earnings per share of nearly $100, which is eight times higher than its 2018 peak of $12. source
• Bank of America reiterated its 'Buy' rating for Micron Technology with a $1,550 price target. source