Micron Closes Gap with SK Hynix in DRAM Market Share
Global DRAM revenue surged to nearly $155 billion in Q2 2026, a 60% increase from the previous quarter. Micron Technology (NASDAQ:MU) outperformed both market growth and its competitors, with DRAM revenue rising by 66% year-over-year to reach $36 billion, pushing its market share up to 23.3%. This places it just 1.6 percentage points behind SK Hynix (NASDAQ:SKHY), which held a 24.9% share of the market with approximately $38.6 billion in revenue. The gap between Micron and SK Hynix has been rapidly narrowing, from 7.5 percentage points in Q3 2025 to just 1.6 today. While SK Hynix's DRAM revenue also grew by about 38% sequentially, it was outpaced by both Micron and Samsung Electronics (OTC:SSNLF), which maintained the top position with a market share of 39.4%. The overall growth in the DRAM sector is being driven largely by demand from AI data centers. Micron's recent gains were primarily due to rising prices for conventional memory rather than high-bandwidth memory (HBM). In fact, Micron’s HBM market share declined slightly during Q2 2026. Despite this, the company reported a significant increase in total revenue and is already shipping its next-generation HBM4 product at scale.
Topics: DRAM memory market Micron Technology revenue growth Samsung Electronics SK Hynix