Micron CEO Says Memory Supply Will Be Much Tighter in 2027 and 2028 Than in 2026
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- Micron reported record quarterly revenue of $54.2 billion for fiscal Q4 2026.
- CEO Sanjay Mehrotra expects memory and storage supply to be much tighter in fiscal 2027 and 2028 than in 2026.
- AI demand is driving robust trends, with no clear timeline for supply-demand balance despite new cleanroom space plans.
- More than 75% of Micron's 2027 output is already committed to customers.
- DRAM prices rose by high-teens percent and NAND by about 30% last quarter, with no immediate relief in sight.