$22 Billion in Customer Deposits Did Not Stop This Chip CEO From Selling $37 Million
Micron Technology's CEO, Sanjay Mehrotra, sold $37 million worth of shares a month before announcing $22 billion in customer deposits and demand outpacing supply by 50%. Three Micron executives also sold shares at prices reaching $1,095 in July, while take-or-pay contracts secured around $100 billion in minimum revenue. At a Micron fab in Boise, Mehrotra declared the demand situation as "exhibit A" for America's manufacturing prowess.
Just a month earlier, Mehrotra had sold 40,000 shares worth $37 million on July 24, 2026. Despite the insider sale, Micron's stock has climbed 241.59% year-to-date and 732.62% over one year. CFO Mark Murphy clarified that the deposits are separate commitments and not prepayments, with $18 billion already received and the rest expected in Q4.
The Q3 revenue beat and guidance suggest strong financials, but the CEO and accounting chief were among those selling in July. The next crucial test is the CHIPS agreements' second anniversary, when Micron plans to boost capital returns.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
