Micron says the global memory shortage remains multi-year and is likely to tighten further through 2027 and 2028, after the US chipmaker reports record results. The company posted quarterly revenue of $54.23 billion for the period ended 3 September, nearly five times higher than a year earlier, and net income of $37.7 billion, up from $3.2 billion. It also reported gross margin of 86.8%.
Micron’s executives argue that demand will continue to outpace supply for longer than previously expected. The CEO says the company has already sold much of next year’s capacity and sees greater supply tightness in 2027 and 2028 than in 2026, adding that it does not foresee a return to balance. While Micron and the wider industry plan to increase production—including expected low-to-mid 20% growth in NAND and DRAM shipments—sources say that projected output growth is still not enough to meet demand. Some reporting also highlights that manufacturing focus includes faster growth in HBM shipments for AI data centers.
Separately, Micron provides financial guidance, forecasting record revenue for its next fiscal quarter (FQ1) and a gross margin around 86.25%, reinforcing expectations of strong profitability despite supply constraints.
