Goldman flags memory rally as Micron posts record revenue and fresh chip pricing lifts stock

Goldman Sachs signaled a potential turning point for the memory sector, saying the worst may be over for Micron Technology and SanDisk as both stocks climbed over 1% in pre‑market trading on September 8, 2026 . The investment bank highlighted improving technical conditions across memory stocks, suggesting a renewed rally could be underway.

The optimism comes on the back of Micron's impressive financial performance. In its fiscal 2026 third quarter, the company reported record revenue of $41.5 billion, up sharply from $23.9 billion in the prior quarter and $9.3 billion a year earlier, underscoring rapid growth in its core business . This earnings surge provides a solid fundamental backdrop to the technical upside noted by Goldman.

Adding to the bullish outlook, fresh memory‑chip price data has been cited as a catalyst for Micron's stock gains. Analysts argue that improved pricing dynamics for DRAM and NAND chips can translate into higher margins and further support the stock's recovery . The combination of strong revenue growth and favorable pricing trends is positioning Micron to capture more of the memory market rally.

If the momentum sustains, Micron could see continued outperformance relative to broader market indices, while SanDisk is likely to benefit from the same tailwinds. Investors will be watching subsequent earnings releases and pricing trends to gauge whether the sector's rebound can be maintained over the medium term.

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