Micron Technology CEO Sanjay Mehrotra said customers have committed $22 billion in cash deposits and related financial commitments under signed agreements, yet still seek 50% more memory than the company can commit. CFO Mark Murphy said about $18 billion is in cash deposits, with the remainder in letters of credit, and roughly $10 billion of deposits is expected in fiscal Q4. The agreements are take-or-pay contracts, meaning customers must pay for minimum committed purchases, and 14 of 16 signed deals represent about $100 billion in cumulative revenue at minimum prices. Micron’s fiscal Q3 revenue reached $41.46 billion, while non-GAAP EPS was $25.11; fiscal Q4 guidance calls for $50.0 billion in revenue and $31.00 EPS. Mehrotra sold 40,000 shares on July 24, 2026, for about $37 million, while other named executives also sold during the rally. Micron closed at $974.33 on August 20, after rising 241.59% year to date and 732.62% over one year. The next stated milestone is December 9, the second anniversary of the CHIPS agreements, when Micron intends to increase capital returns.