Micron Technology CEO sells $38.7 million in stock amid AI growth

Micron Technology CEO Sanjay Mehrotra sold approximately 40,000 shares of company stock on August 21, 2026, valued at roughly $38.7 million. The transaction was executed under a Rule 10b5-1 trading plan established in January 2026. Following the sale, Mehrotra directly holds 264,503 shares, while indirectly holding over 600,000 shares through Grantor Retained Annuity Trusts (GRATs).

The company is experiencing significant growth driven by artificial intelligence demand. In its third fiscal quarter of 2026, Micron reported revenue of $41.46 billion, a 346 percent increase year-over-year, with a GAAP net profit of $28.24 billion. The company has secured substantial long-term commitments, including $22 billion in prepayments from 16 customers under take-or-pay contracts.

Micron is heavily investing in infrastructure, including $250 billion for U.S. manufacturing and $10 billion over the next decade for the new Micron Research Labs in Boise, Idaho. Amidst this growth, S&P Global Ratings upgraded Micron’s credit rating from ‘BBB’ to ‘BBB+’, citing confidence in AI-driven memory semiconductor demand through 2028. However, the company faces legal challenges as Netlist has filed patent infringement complaints against Micron with the U.S. International Trade Commission and in federal court.