Micron: DRAM prices jumped 60% while bit shipments barely grew

SiliconANGLE's analysis of Micron's results shows DRAM average selling prices rose more than 60% sequentially in fiscal Q3 while bit shipments grew only in the low single digits. Micron is introducing take-or-pay contracts and shifting capacity to HBM, which needs about three times the wafers of DDR5 for the same number of bits.

• DRAM prices rose 60%+ sequentially in Q3 while bit shipments grew only low single digits
• DRAM revenue rose 67%; Q4 price growth moderated to high teens
• HBM3E requires roughly 3x the wafer supply of DDR5 for the same bits
• Cloud Memory gross margin hit 83%, flat quarter over quarter