MU · 10-K · 2026A · Full report

AI Memory Supply Constraints

MICRON TECHNOLOGY INC · 2026-10-09 · Importance 23 · Surprise 24

AI-driven memory and storage demand in 2026 outpaced Micron’s and the industry’s ability to increase supply. The company stated that demand growth accelerated faster than supply additions, requiring supply-allocation decisions that may affect certain customers and end markets. Constrained DRAM and NAND supply supported higher pricing and profitability across the portfolio.