MU · News · 20261001N

Memory Pricing and Product Mix

MICRON TECHNOLOGY INC · 2026-10-01 · Importance 44 · Surprise 24

Reported strength in DRAM and NAND pricing is being driven by AI demand and data-center growth. NAND flash prices increased approximately 30% sequentially in the latest quarter, following gains in the mid-80% range in the prior quarter. Strong pricing power is expected to continue as constrained supply and committed HBM volumes limit available capacity. The pricing environment is also affecting competitors, with commentary that SanDisk’s contracts may limit its ability to benefit from the tight NAND market.

Key facts

• Micron reported that NAND flash prices climbed around 30% sequentially last quarter, after gains in the mid-80% range a quarter earlier. source
• Company's Q4 earnings surge was attributed to stronger DRAM and NAND pricing, AI demand and data center growth. source