A memory management method includes: determining that available storage space of a first memory in a network device is less than a first threshold, where the first threshold is greater than 0 and the first memory stores a first packet queue; and deleting at least one packet at the tail of the first packet queue from the first memory based on the available storage space of the first memory being less than the first threshold. When the available storage space of the first memory is less than the first threshold, a packet queue, namely, the first packet queue, is selected and a packet at the tail of the packet queue is deleted from the first memory.