Computer data company Micron has told its investors that RAM supply will continue to get worse through 2028.
CEO Sanjay Mehrotra stated in Micron’s FY 2026 earnings call that the company has already sold most of the memory it plans to make next year, as reported by The Register (via VGC). As a result of the high demand, customers will pay “much higher prices” than in 2026.
“In calendar 2027 as well as 2028, we see demand exceeding supply,” Mehrotra said.
“In fact, we see greater tightness in the industry in 2027 and in 2028 versus 2026. Overall, supply-demand environment is only getting tighter.
“We do not have line of sight to when supply and demand will return to balance.”
Micron has a planned capital expenditure of $25 billion for the first half of its new financial year. The company will use this funding to bring new factories online in 2028, but warns that the additional capacity won’t immediately help to improve availability or lower prices.
With the rising cost of memory largely driven by demand for AI data centers, many memory manufacturers are signing long-term deals with AI companies. The increasing costs have forced the majority of consumer electronics companies to raise their prices.
The Nintendo Switch 2 recently saw a price hike in September, causing its share prices to drop by almost 10% and hardware sales to decrease by 87% in Japan.
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Written by Reece Heather
A veteran Zelda Universe editor and First-class journalism graduate, Reece emerged with a Nintendo 64 and a lifelong obsession after a narrow escape from Santa’s Naughty List in 1998. Outside of games, he’s reading Punisher comics, being bossed around by his cocker spaniel, and cornering innocent bystanders to rant about the importance of game preservation.
