Micron Technology is due to report fiscal 2026 fourth-quarter results on Sept. 30; Motley Fool argues strong memory demand and tight supply could help it beat expectations and benefit Lam Research, which supplies chipmaking equipment to Micron and other firms.
Citi forecasts demand for high-bandwidth memory (HBM) bits to rise 62% in 2027 and 69% in 2028. It projects DRAM demand growth of 30% and 35% in those years, against supply growth of 19% and 22%; HBM uses three times as much wafer capacity as conventional DRAM.
According to Deloitte, memory makers’ capital spending is expected to climb from $58 billion last year to $146 billion in 2027; the article says the shortage could persist at least until 2030. Memory equipment made up 46% of Lam’s fiscal fourth-quarter 2026 revenue. In a scenario assuming 26% annual earnings-per-share growth and a 39-times earnings multiple, Motley Fool says Lam could reach $742 by 2030, implying 142% upside over four years.
