Micron Technology is scheduled to report fiscal fourth-quarter results on Sept. 30, with investors also watching broader signals from the memory market. Nvidia Chief Financial Officer Colette Kress said on the company’s Aug. 26 fiscal second-quarter earnings call that Nvidia is seeing “extreme pricing conditions” in memory, with price increases running ahead of prior expectations and set to move higher next year. She said that pressure has already shown up in Nvidia’s margins, guiding gross margin to bottom in the 71% to 72% range in the fourth quarter before recovering to 72% to 73% in fiscal 2028. Kress also said the current memory shortage is being driven in large part by AI buildout itself. Separately, SK hynix said the memory market may not reach supply-demand balance until as early as 2030. The company has committed about $38.3 billion to expand two domestic sites in South Korea through 2031. In high-bandwidth memory, SK hynix holds about 50% market share, ahead of Samsung at 33% and Micron at 18%.
Micron Technology is due to report fiscal fourth-quarter results on Sept. 30.
On Nvidia’s Aug. 26 fiscal second-quarter earnings call, Chief Financial Officer Colette Kress said the company is seeing “extreme pricing conditions” in memory. She said price increases have exceeded earlier expectations and “will move higher next year.”
Kress said the pricing pressure has already fed into Nvidia’s margins. She guided gross margin to bottom in the 71% to 72% range in the fourth quarter, then recover to 72% to 73% in fiscal 2028.
She also said the current memory shortage is being driven in large part by AI buildout itself.
SK hynix expects the memory market to reach supply-demand balance no earlier than 2030. The company has also committed about $38.3 billion to expand two domestic sites in South Korea through 2031.
In the high-bandwidth memory market, SK hynix holds about 50% share, ahead of Samsung at 33% and Micron at 18%.
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