Micron (MU) Stock Rises as Memory Prices Forecast to Climb 50% This Quarter
TLDR
- DRAM contract prices are forecast to rise more than 50% this quarter, with NAND flash prices up 60%, per Susquehanna analysis.
- Gartner projects worldwide semiconductor revenue to nearly double to $1.6 trillion in 2026.
- Memory industry revenue is forecast to surge from $220.1 billion in 2025 to $837.3 billion in 2026.
- Micron has long-term supply agreements with major customers that cap how much of the price rise it can capture.
- Analysts expect Micron to report earnings of $31.26 per share in September, up from $3.03 a year earlier.
Micron Technology (MU) stock was up 2.03% at $928.80 in premarket trading Tuesday, driven by a powerful wave of optimism around memory chip pricing and semiconductor industry growth.
Susquehanna analysis published Monday projects DRAM contract prices will rise more than 50% this quarter alone. NAND flash prices are forecast to climb even higher, at 60%. Both are core products for Micron.
The broader backdrop is just as striking. Gartner expects worldwide semiconductor revenue to jump 92% to roughly $1.6 trillion in 2026, up from $809 billion in 2025. The firm sees revenue reaching around $1.9 trillion in 2027.
โฆ Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
