Micron expects tighter memory and storage conditions in fiscal 2027 and 2028
MU•Micron expects memory and storage supply-demand conditions to be much tighter in fiscal 2027 and 2028 than in 2026. It projects capital expenditure of around $11.5 billion in Q1 and approximately $25 billion in the first half of fiscal 2027, with spending higher in the second half.
1. Supply and spending outlook
Micron said it expects memory and storage supply-demand conditions to be much tighter in fiscal 2027 and 2028 than in 2026. The company projects Q1 capital expenditure of around $11.5 billion and first-half fiscal 2027 capital expenditure of approximately $25 billion, with spending higher in the second half; it also expects higher incentive compensation levels in fiscal 2027.
