DRAM prices surged 90-95%, memory suppliers booked two years out

DRAM prices surged 90-95%, memory suppliers booked two years out

Quick Read Micron Technology (MU) reported record fiscal Q1 2026 DRAM revenue of $10.8B, up 69% year-over-year, with CEO Sanjay Mehrotra stating the demand-supply gap is the highest ever seen. Applied Materials (AMAT) posted record DRAM revenue with DRAM now 34% of Semiconductor Systems sales, while Lam Research (LRCX) reported $5.34B in Q2 revenue with $2.68B in deferred revenue signaling locked-in equipment capacity. NVIDIA’s data center rev…