Micron projects tightening RAM shortages through 2028 as it generates record profit

What happened

Micron said during its FY 2026 earnings call that RAM and storage chip shortages will worsen in 2027 and 2028, even as it announced a record gross margin of 86.25%. The memory and storage industry is not holding back on increasing production, though, with Micron saying that NAND and DRAM shipments are expected to grow in the low-to-mid 20s percentage range for the next two years. Micron is based in Boise, and its products and services include computer memories.

Micron makes big money amid the NAND and DRAM shortage. Company expects supply crunch to continue through 2028.

CEO and chairperson Sanjay Mehrotra said that the company has already sold most of its capacity for next year and that customers will have to pay more compared to 2026. However, it seems that this is not enough to match growing demand, as it expects “the industry to remain supply constrained in both years.”