DRAM
DRAM revenue rose 252% to $100.68 billion in fiscal 2026, driven by an approximate 180% rise in average selling prices.
The numbers
What it is
DRAM is Micron's largest product line: server, PC, phone and HBM memory chips. Revenue depends on contract prices and bit shipments, which move with industry supply and demand.
Why it matters to the stock. DRAM is about three-quarters of Micron revenue and most of its margin swing. Price changes show up in quarterly results faster than bit growth.
News
Micron falls about 4% on Monday after CXMT reportedly advances stacked DRAM
Micron fell about 4% on Monday, October 12, 2026, in the morning session.
Micron Taoyuan union in Taiwan votes 99% in favor of strike, with no strike date set
The Taoyuan union at Micron's Taiwan operations voted on October 7, 2026 to authorize a strike, with 1,994 members in favor, or 99% of those casting ballots.
Micron posts record fiscal Q4 revenue of $54.23 billion and guides $61.5 billion for next quarter
Micron reported record fiscal fourth-quarter 2026 revenue of $54.23 billion on September 30, 2026, up from $41.46 billion in the prior quarter.
Micron says it is working with Nvidia on a custom HBM4E product called NV-HBM
On the fiscal Q4 2026 call, Micron said it is working with Nvidia on a custom HBM4E implementation it calls NV-HBM, for next-generation GPUs and NVLink Fusion platforms.
Micron commits up to $3 billion to US chip supply chain, including $500 million for GlobalWafers
Micron said it will put up to $3 billion into the US semiconductor supply chain.
Micron declares $0.15 quarterly dividend payable July 21, 2026
Micron's board declared a quarterly cash dividend of $0.15 per share alongside the fiscal Q3 results.
TrendForce: DRAM industry revenue rose 81% in Q1 2026 and conventional DRAM prices are seen up 58-63% in Q2
TrendForce said DRAM industry revenue rose 81% quarter over quarter in the first quarter of 2026 on sharp contract price gains.
Micron starts 1-alpha DRAM production at its Manassas, Virginia fab
Micron has started 1-alpha DRAM manufacturing at its Manassas, Virginia fab, the most advanced memory node it has made in the United States.
Micron repurchases $650 million of stock in first half of fiscal 2026
Micron's fiscal Q2 release shows $650 million of repurchases under its repurchase program for the six months ended February 26, 2026.
Micron breaks ground on $100 billion New York megafab campus
Micron held a groundbreaking on January 16, 2026 for a planned $100 billion campus of up to four DRAM fabs in Onondaga County, New York.
Bernstein raises Micron target to $330 and shares rise about 7.5% intraday
Bernstein's Mark Li raised his Micron price target to $330 with an Outperform rating, pointing to the fiscal Q1 results as the basis.