Micron CEO: Memory Supply to Stay Tighter in Fiscal 2027 and 2028
Micron CEO Sanjay Mehrotra said on the Q4 earnings call that memory and storage supply-demand conditions will be much tighter in fiscal 2027 and 2028 than in 2026.
Micron CEO Sanjay Mehrotra said on the company's Q4 earnings call that memory and storage supply-demand conditions are expected to be much tighter in fiscal 2027 and 2028 than in 2026. He added that industry demand has strengthened since Micron's last earnings call.
Mehrotra said Micron does not see line of sight for when supply catches up with demand. Tight supply conditions persist because clean rooms take a long time to build and production ramps up only gradually, he said.
Samsung warned this week that HBM demand is surging and is expected to take another 10% of its capacity next year, according to pcgamer.com.
Background
In earlier comments, Acer's CEO reportedly said it is impossible for the shortage to last until 2030 and that some of the messaging is meant to keep margins high and share prices up. Michael Burry suggested the AI bubble may burst sooner rather than later, citing the Acer CEO's comments and accelerating timelines for the shortage ending.
Two new generations of graphics cards (Vera Rubin and RDNA 5), two next-gen consoles, and a pile of CPUs from Intel and AMD are expected in the coming years.
Quick answers
What did Micron's CEO say about memory supply?
Sanjay Mehrotra said memory and storage supply-demand conditions are expected to be much tighter in fiscal 2027 and 2028 than in 2026.
Why does Micron expect tight supply to persist?
Mehrotra said clean rooms take a long time to build and production ramps up only gradually, and Micron does not see line of sight for when supply catches up with demand.
What did Samsung say about HBM demand?
Samsung warned this week that HBM demand is surging and is expected to take another 10% of its capacity next year.