The company’s entire high-bandwidth memory output for 2026 is spoken for under binding multi-year contracts, and the broader memory industry, spanning DRAM, NAND, and HBM, is expected to remain sold out through 2027. Industry analysts broadly predict that meaningful new global memory capacity won’t materialize until 2028. AdvertisementSK Hynix’s CEO has stated that 2027 will see the industry’s worst-ever memory supply shortage. Micron’s 2026 HBM production is fully committed, with that supply tightness bleeding into early 2027. Binding multi-year agreements with hyperscalers provide revenue predictability that the memory industry has never really had before.