Overview
- Analysts at Morgan Stanley raised Micron’s price target by about 30%, saying demand should far outstrip new supply in 2026.
- Micron reported a 20% sequential jump in DRAM average selling prices, gross margin up to 57% from 46%, and guided to 68% gross margin with $8.42 in EPS this quarter.
- TrendForce projects memory-market revenue of roughly $552 billion in 2026 and nearly $843 billion in 2027.
- Manufacturers are building new fabs, yet output is years away, reinforcing expectations for elevated memory pricing through at least 2028.
- Commentary argues a 100-fold gain is unrealistic, noting Micron’s ~$463 billion market cap would imply about $46 trillion at that scale.