Micron outlines grim outlook for DRAM supply in first earnings call since killing Crucial memory and SSD brand — CEO says it can only meet half to two-thirds of demand

Micron's first earnings call since discontinuing its Crucial brand revealed a record revenue of $13.64 billion in the first fiscal quarter of 2026, driven by increased demand and higher pricing in AI data centers. The company foresees ongoing DRAM shortages beyond 2026 and is working on multi-year supply commitments to address this. Micron expects to meet only "half to two-thirds" of demand, despite expanding manufacturing capacity with new fabs in Idaho and New York. The DRAM shortage is causing DDR5 prices to surge, with predictions that prices may stabilize in the next six to eight months or continue to rise in the future.