Mehrotra said memory supply-demand will be much tighter in 2027 and 2028, with over 75% of fiscal 2027 output already committed.
Micron CEO Sanjay Mehrotra told investors that supply-demand conditions will be "much tighter" in calendar 2027 and 2028 than they were this year. More than 75% of Micron's planned fiscal 2027 output is already committed, he said, with new customer conversations now centred on 2028 volumes.
All statements by Sanjay Mehrotra ›
Mehrotra expects memory supply to improve only gradually in 2028 and says it is unclear when supply and demand will rebalance.
CEO Sanjay Mehrotra expects supply to improve gradually in 2028, though he has said it is unclear when supply and demand will come back into balance.
Mehrotra expects memory supply-demand to be tighter in 2027 and 2028 than in 2026, with NAND remaining supply constrained in both years.
Micron (MU) CEO Sanjay Mehrotra said he expects memory supply and demand conditions to be tighter in 2027 and 2028 than in 2026. He sees NAND staying supply constrained in both years.
Mehrotra told investors memory shortages will persist well beyond 2028 even as Micron adds capacity such as the Idaho One and Tongluo fabs.
Mehrotra has gone further than most of his peers in saying how long this lasts: memory shortages, he told investors, will persist well beyond 2028 even as Micron brings new capacity online, including its Idaho One fab expected around mid-2027 and the Tongluo site in Taiwan targeting late 2027 into 2028 output.
Mehrotra said Micron's HBM capacity is sold out through 2026 and he expects fiscal 2027 to be even stronger.
CEO Sanjay Mehrotra told analysts that HBM capacity is sold out through 2026 and that he expects fiscal 2027 to be even stronger.
Mehrotra told investors the memory shortage is structural rather than cyclical and will persist well beyond 2026 as AI data center demand outpaces supply.
The company has already warned that the broader memory shortage will outlast 2026, with CEO Sanjay Mehrotra telling investors the shortage is structural rather than cyclical and will persist well beyond 2026 as AI data center demand keeps outstripping supply.