TLDR Micron stock closed at $932.97 on August 25, leaving shares near record territory after a powerful year-long rally. CEO Sanjay Mehrotra sold 40,000 shares worth about $38.76 million unde
Micron stock closed at $932.97 on August 25, leaving shares near record territory after a powerful year-long rally.
CEO Sanjay Mehrotra sold 40,000 shares worth about $38.76 million under a pre-arranged Rule 10b5-1 trading plan.
Micron reported fiscal Q3 2026 revenue of $41.46 billion, supported by strong demand for AI-focused memory products.
Non-GAAP earnings reached $25.11 per share, while gross margin climbed to a record 84.6%.
Micron expects Q4 revenue of about $50 billion and non-GAAP earnings near $31 per share if demand remains strong.
Micron (MU) stock is trading near record levels as investors weigh AI memory demand against a fresh insider sale. Shares closed at $932.97 on August 25, 2026, after gaining 700% over the past 52 weeks. The rally has followed a rise in revenue, profit, and demand for advanced memory products.
Micron reported fiscal third-quarter 2026 revenue of $41.46 billion. Non-GAAP earnings reached $25.11 per share. Revenue rose 346% from a year earlier and 74% from the prior quarter. Micron also reported net income of $28.24 billion and operating cash flow of $25.39 billion.
A new SEC filing showed that Chief Executive Sanjay Mehrotra sold 40,000 Micron shares on August 21. The shares were sold at an average price near $968.90, generating proceeds of about $38.76 million.
The transaction took place under a Rule 10b5-1 trading plan adopted on January 30, 2026. That structure allowed the sale to be scheduled months before the trade occurred. The filing showed the shares were sold across several transactions rather than through one block sale.
Micron’s recent growth has been supported by demand for high-bandwidth memory used in AI servers and data centers. The company reported a gross margin of 84.6% in fiscal Q3 2026 as higher prices and premium products lifted profitability.
Micron is also expanding production of HBM4 memory for AI accelerators. Management has tied the product ramp to continued demand from data center customers. The company is investing in research, advanced manufacturing, and new memory designs to support future capacity.
Micron expects fiscal fourth-quarter 2026 revenue of about $50 billion. That would represent roughly 21% growth from the previous quarter. Management also expects non-GAAP earnings of about $31 per share and a gross margin near 86%.
Wall Street estimates have moved higher after the latest earnings beat. Analysts cited by MarketBeat have an average price target of $1,258.84 and a consensus Buy rating. One firm recently lowered its target to $1,300 from $1,375 while keeping an outperform rating. Micron stock remains supported by rapid earnings growth and AI memory demand. The CEO sale adds a new factor for investors as shares trade close to record territory.
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