Micron Posts Record Profits, Warns RAM Prices Will Keep Climbing Through 2029

Micron reported quarterly revenue of $54.2 billion, up 379% year-over-year, and net income of $38.4 billion. CEO Sanjay Mehrotra said demand will exceed supply in 2027 and 2028, with HBM volumes for 2027 already sold out at prices well above 2026 levels.

• Micron quarterly revenue hit $54.2 billion, up 379% year-over-year
• Net income reached $38.4 billion as the stock jumped 500% in a year
• Mehrotra says memory shortage will persist until at least 2029
• 2027 HBM volumes are sold out at prices higher than 2026