Micron narrows DRAM market share gap with SK Hynix after record quarter
Micron reported record quarterly revenue of $54.23 billion and an 86.8% gross margin, lifting its global DRAM market share to 24% in Q2 2026. SK Hynix slipped to 25%, leaving only a 1‑percentage‑point gap behind Samsung’s 38% lead. The shift reflects a two‑point gain for Micron and a four‑point loss for SK Hynix from the prior quarter. CEO Sanjay Mehrotra warned that memory supply‑demand conditions will tighten in 2027‑2028.
Why it matters
The tighter competition could boost Micron’s revenue growth and margin outlook, which the company highlighted in its earnings call. Analysts note that a higher market share may translate into stronger pricing power and cash flow for Micron, while SK Hynix may need to accelerate HBM4 supply to protect its position.
Key facts
- 1Micron’s Q2 2026 DRAM market share was 24%. news.sbs.co.kr
- 2SK Hynix’s Q2 2026 DRAM market share was 25%. news.sbs.co.kr
- 3Samsung Electronics held a 38% DRAM market share in Q2 2026. news.sbs.co.kr
- 4Micron’s revenue for its fiscal fourth quarter (June‑August) was $54.23 billion. news.sbs.co.kr
- 5Micron’s gross margin for the same quarter was 86.8%, up from 84.6% in the prior quarter. news.sbs.co.kr
- 6Micron’s DRAM revenue in Q2 surged fivefold year‑over‑year, according to Counterpoint Research. news.sbs.co.kr
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.