Micron CEO Says Memory Supply Will Be Much Tighter in 2027 and 2028 Than in 2026
Micron Technology executives project that the ongoing RAM shortage and tight memory supply will persist through 2028, with market tightness expected to be much more severe in 2027 and 2028 than in 2026. The forecasts follow a strong corporate earnings report featuring an 11-fold jump in data center revenue, quarterly revenue guidance beating Wall Street estimates, and strong pricing driven by artificial intelligence demand. Memory executives across the sector expect the shortage conditions to continue as the artificial intelligence build-out expands demand for advanced storage and semiconductor products.
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- ✓ Micron reported that data center revenue jumped 11-fold alongside strong quarterly earnings.
- ✓ Micron forecasted quarterly revenue above Wall Street estimates.
- ✓ Memory executives expect the RAM shortage to continue through 2028.
- ✓ Micron extended its forecast for the artificial intelligence build-out to 2031.
What changed
Micron leadership projected that memory supply constraints will intensify significantly through 2027 and 2028.
Live updates
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Micron CEO: Memory Supply Tightness to Extend Through 2028
Micron Technology executives project that the ongoing RAM shortage and tight memory supply will persist through 2028, with market tightness expected to be much more severe in 2027 and 2028 than in 2026. The forecasts follow a strong corporate earnings report featuring an 11-fold jump in data center revenue, quarterly revenue guidance beating Wall Street estimates, and strong pricing driven by artificial intelligence demand. Memory executives across the sector expect the shortage conditions to continue as the artificial intelligence build-out expands demand for advanced storage and semiconductor products.
Why it matters
Micron stands as the only major American computer memory manufacturer alongside South Korean giants Samsung Electronics and SK Hynix. Strong artificial intelligence workloads and cloud computing requirements have rapidly accelerated demand for specialized memory components like high bandwidth memory. Sustained shortages highlight broader supply constraints in the semiconductor industry as technological demand scales upward.
What is confirmed
- Micron reported that data center revenue jumped 11-fold alongside strong quarterly earnings.
- Micron forecasted quarterly revenue above Wall Street estimates.
- Memory executives expect the RAM shortage to continue through 2028.
- Micron extended its forecast for the artificial intelligence build-out to 2031.
What to watch next
- Quarterly revenue and earnings performance reported by Micron and rival memory manufacturers
- Updates on memory supply chain constraints and pricing trends through 2026 and 2027
confidence 100%Sources used for this update (16)
- CNBC — Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold
- Reuters — Micron forecasts quarterly revenue above estimates
- Barron's — Why Micron’s 87% Gross Margin Is a Problem
- wsj.com — AI Stock Rally Checked by Relentless Treasury Selloff
- TechPowerUp — Micron CEO Says Memory Supply Will Be Much Tighter in 2027 and 2028 Than in 2026
- Yahoo Finance — Micron Q4 Earnings Beat Estimates on Strong Pricing and AI Demand
- Yahoo Finance — Micron just blew Wall Street away again — here's what's next
- Ars Technica — Memory executives expect RAM shortage to continue through 2028
- www.micron.com — Micron Technology | Global Leader in Memory and Storage Solutions
- finance.yahoo.com — Micron Technology, Inc. (MU) - Yahoo Finance
- Yahoo Finance — Why Micron Stock Soared in September
- Yahoo Finance — Micron is about to do something that would surprise most Magnificent 7 investors
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