MU MU Micron Technology, Inc. Loading... : Bullish and Bearish Analyst Opinions

Memory book-to-bill ratio exceeded 2x in Q2, signaling strong future revenue from HBM, DRAM, and NAND capacity additions. — A >2x book-to-bill is rare and implies memory test revenue should remain elevated for multiple quarters, directly benefiting memory makers' own production plans.

Memory test demand is stronger than January view, with both HBM and DRAM accelerating; beginning to see flash test demand from SSDs. — Signals higher memory test TAM in 2026 than consensus expected; benefits Micron and Samsung's equipment spending.

In 2025, the SOC TAM reached nearly $5.0 billion for compute, about $1.0 billion for mobility, just under $1.0 billion for auto/industrial, and $700 million for service; the memory TAM was just under $1.4 billion with 1.2 billion in DRAM. — Provides a detailed breakdown of the ATE TAM by end-market and reveals the massive scale of AI-driven compute testing demand versus other segments, directly benefiting companies driving this demand.