Micron CEO sees tighter storage markets in 2027 and 2028, $61.5 billion Q1 revenue

  • Micron CEO Sanjay Mehrotra said storage markets will tighten further in 2027 and 2028.
  • Micron has signed 26 agreements securing about $150 billion in long-term orders.
  • Micron expects $61.5 billion revenue in fiscal 2027’s first quarter.

Micron Technology Chairman and CEO Sanjay Mehrotra said storage-market supply and demand will be tighter in 2027 and 2028 than in 2026, with no visible end to a return to balance. The company has signed 26 long-term agreements securing about $150 billion in orders. Micron expects revenue of $61.5 billion in the first quarter of fiscal 2027.

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