RAM supply set to worsen, says Micron, as CEO celebrates ‘much higher’ prices
Micron Technology reported massive revenue growth and record profits, driven by high demand for AI-related memory hardware. The company warned that supply shortages for high-bandwidth memory will likely persist through 2028, leading to higher prices for customers.
Why it matters
The ongoing supply-demand imbalance in the memory chip market is a critical bottleneck for the global AI infrastructure build-out.
Posts huge leaps in revenue, profit, and margin, with more to come
Simon Sharwood Simon Sharwood APAC Editor Published thu 1 Oct 2026 // 03:37 UTC
Speaking on the company’s FY 2026 earnings call, CEO and company chair Sanjay Mehrotra reminded investors that Micron has already sold most of the memory it will make next year and said customers will pay “much higher prices” than they shelled out this year.
“In calendar 2027 as well as 2028, we see demand exceeding supply,” he added. “In fact, we see greater tightness in the industry in 2027 and in 2028 versus 2026. Overall, supply-demand environment is only getting tighter.”
“We do not have line of sight to when supply and demand will return to balance.”
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