Micron Technology CEO Forecasts Tight Memory Market Supply Through 2028

Micron Technology (MU) CEO Sanjay Mehrotra stated during an earnings call that the company has secured approximately $150 billion in long-term orders through 26 agreements. He expects memory market supply and demand to be tighter in 2027 and 2028 compared to 2026, with no end in sight to the supply imbalance. Micron projects revenue of $61.5 billion for the first quarter of fiscal year 2027, with earnings per share of $38.15. Capital expenditures for the first half of fiscal 2027 are estimated at $25 billion, with a focus on new wafer fab construction.