Micron Technology, Sandisk, and SK Hynix Benefit from Rising Memory Chip Prices
Memory chip prices have reached record highs in the first half of 2026, driven by strong demand for DRAM and NAND flash memory. Companies like Micron Technology (NASDAQ: MU), SanDisk (NASDAQ: SNDK), and SK Hynix (NYSE: SKHY) are benefiting from these price increases as they collect higher revenues without significant cost increases. Micron reported a 74% revenue increase in its fiscal third quarter, largely due to rising average selling prices rather than volume growth. Its gross margin reached 84.6%, and the company expects continued strong performance into Q4 despite slowing growth rates. SanDisk also saw a sharp rise in revenues, with over two-thirds of that gain attributed to higher pricing. SK Hynix reported its highest quarterly revenue yet at around 79 trillion Korean won for Q2. However, while all three companies are currently profiting from the price surge, historical data shows memory prices can collapse quickly — as seen in fiscal 2023 when Micron’s revenues were cut nearly in half.
Topics: DRAM Memory chips Micron Technology NAND flash Pricing trends