MU · News · 20260918N
Memory Pricing and Product Mix
MICRON TECHNOLOGY INC · 2026-09-18 · Importance 69 · Surprise 64 · In source text
Intel CEO Lip-Bu Tan said memory-chip prices have surged 500%–700% because of limited supply and high AI demand. Industry projections indicate prices could reach six times their mid-2025 level by the end of 2026, while bottlenecks may worsen in 2027. New factory production is not expected to fully ease the shortage until 2028 or 2029, potentially supporting Micron’s pricing and profit levels during that period.
Key facts
- Consensus expects Micron's net margin to reach a record of 70.7% in FQ4. source
- Micron shares have risen from $73.82 on Sept. 15, 2021, to about $975 in five years. source
- Micron's fiscal Q4 revenue guidance benefits from a 14th week. source
- Micron was 22% below its all-time high heading into earnings. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| margin | positive | contingent | — | Consensus expects Micron's net margin to reach a record of 70.7% in FQ4. |