Micron warns memory shortages will worsen in 2027 as CEO cites much higher prices
On its FY 2026 earnings call, Micron said memory demand will exceed supply in 2027 and 2028, with industry tightness greater than in 2026 and no line of sight to when supply and demand will rebalance. The company said it has already sold most of the memory it expects to produce next year at much higher prices than in 2026, and that new factories coming online in 2028 will not immediately improve availability or lower prices. Rising memory and storage costs have pushed Microsoft, Apple, Valve, Sony and Nintendo to raise hardware prices, while Micron and two other major RAM makers face a class action alleging they fixed supply and prices.