Research contextSee what supports this page, how current it is, and where comparable or historical context is available.
- Research date
- Sep 23, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
- Operating-model context
- 15 connected conceptsPart of the reviewed Memory Semiconductor Economics; issuer definitions remain distinct where disclosed.
- Company examples
- 1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.
Memory Semiconductor NAND Revenue Growth measures the change in NAND sales between reporting periods.
Micron said fiscal Q3 2026 NAND revenue increased 99% sequentially and 361% year over year.
The revenue bridge
For the sequential increase, Micron attributed growth primarily to a mid-80% range increase in average selling prices and a mid-single-digit percentage increase in bit shipments.
Investor caution
Revenue growth can materially overstate underlying bit-volume growth when pricing is recovering rapidly.
Source:
Part of the Memory Semiconductor Economics
Connect DRAM and NAND price-volume drivers, AI and data-center segment economics, consolidated margins, capacity investment, and customer volume commitments for memory semiconductor manufacturers.
How the model fits together
- DRAM price, bit shipments, and revenue: DRAM revenue combines average selling price, bit shipment volume, and product mix. In Micron's fiscal Q3 2026, sequential DRAM revenue growth was driven primarily by low-60% ASP growth while bit shipments increased only in the low-single-digit range.
- NAND price, bit shipments, and revenue: NAND revenue likewise combines pricing, bit shipments, and product mix. Micron's fiscal Q3 2026 sequential NAND revenue growth was driven primarily by mid-80% ASP growth while bit shipments increased in the mid-single-digit range.
- Data-center mix, margins, and supply investment: Cloud-memory and core-data-center revenue and gross margins show the economics of AI and server demand, while consolidated gross margin reflects the broader portfolio. Net capital expenditures and take-or-pay volume commitments connect current profitability to future supply investment and contracted demand without making committed volumes equivalent to recognized revenue.
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