It often seems like there’s no light at the end of the memory crisis tunnel. That’s not just my opinion; it’s what I was told a few months ago by Maingear CEO Wallace Santos. But analysts from Bernstein have forecast something quite positive for DRAM at the end of 2028, as long as you can hold out for that long.
As spotted by tech analyst Jukan05, Bernstein research analysts recently made financial estimates for the margins of SK hynix over the next few years. For the unaware, SK hynix is one of the single biggest makers of memory right now (alongside Samsung and Micron), and will be making money hand over fist with the memory crisis in full swing.
Bernstein reckons SK hynix’s gross margin on DRAM (percentage of revenue after taking away cost of goods) will be as high as 90.9% in Q2 2026, and will go all the way up to 92.7% in Q4 this year. To pair with this, Bernstein believes that the ASP (average selling price) will be as high as $1.85 per GB, which is more than three times what it was in 2025.
This is all to say that, for the rest of 2026, Bernstein reckons the price of DRAM will only rise. The research analysts think it will hit a peak of $2.23 per GB (almost five times higher than in 2025) by the end of 2027, with a gross margin of 94%.