Michael Dell Says Memory Shortages Could Worsen in 2027 as Dell Reports $95 Billion in Back Orders

Dell CEO Michael Dell said memory shortages could worsen in 2027, as demand for infrastructure to support generative artificial intelligence continues to grow. The warning concerns high-bandwidth memory (HBM) and dynamic random-access memory (DRAM), according to Wccftech.

Dell has $95 billion in back orders for enterprise and artificial intelligence servers, the report says. The figure represents orders awaiting fulfillment, not recognized revenue. The report describes component availability as a constraint on how quickly Dell can deliver the systems.

It also says Dell is using an operating approach intended to limit the strain on working capital amid supply constraints. The source does not provide further details about that approach or specify when the outstanding orders may be fulfilled.

The comments reflect pressure across the semiconductor supply chain as companies build out generative AI infrastructure. Wccftech attributes the warning to Michael Dell, but the supplied report does not include a direct quotation from him.