Micron Technology's Low Valuation with Projected $74.5 Billion Revenue in 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: NASDAQ.COM
- Valuation Advantage: Despite Micron Technology (NASDAQ: MU) achieving remarkable growth over the past three years, it trades at a forward P/E of just 11 and a sales multiple of 9, indicating its unique value in the AI infrastructure market, likely attracting more investor interest.
- Revenue Growth Expectations: Analysts project Micron's revenue to double in the current fiscal year to nearly $74.5 billion, with earnings per share expected to surge to $32.42 in fiscal 2026, reflecting the company's strong demand and growth potential in the memory market.
- Rising Memory Prices: Counterpoint Research forecasts that dynamic random access memory (DRAM) prices will increase by 40% to 50% in the current quarter, further driving Micron's revenue growth, with prices expected to remain elevated through 2027 and 2028 due to sustained demand for memory chips in AI accelerators.
- Marvell Technology's Potential: Marvell Technology (NASDAQ: MRVL) is also performing well in the AI processor market, with revenue increasing by 51% year-over-year to nearly $6 billion in the first nine months, and it is poised to win more customers through new design wins, enhancing its competitive position.
Analyst Views on MRVL
Wall Street analysts forecast MRVL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MRVL is 92.66 USD with a low forecast of 70.00 USD and a high forecast of 122.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
31 Analyst Rating
23 Buy
8 Hold
0 Sell
Moderate Buy
Current: 81.210
Low
70.00
Averages
92.66
High
122.00
Current: 81.210
Low
70.00
Averages
92.66
High
122.00
About MRVL
Marvell Technology, Inc., together with its subsidiaries, is a supplier of data infrastructure semiconductor solutions, spanning the data center core to network edge. The Company is engaged in the design, development, and sale of integrated circuits. Its product solutions serve various end markets: data center, enterprise networking, carrier infrastructure, consumer, and industrial. Its product offerings include CXL, Data Processing Units, Security Solutions, Coherent DSPs, Coherent-lite DSPs, Data Center Switches, DCI Optical Modules, Enterprise Switches, Ethernet Controllers, Ethernet PHYs, PCIe Retimers, Linear Drivers, PAM DSPs, Transimpedance Amplifiers, Fiber Channel, HDD, Storage Accelerators, and SSD Controllers. The Company develops semiconductor solutions tailored to individual customer specifications that deliver system-level differentiation for artificial intelligence, data center, compute, networking, carrier, storage, aerospace, and defense applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
