Micron Technology Inc

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paragraph:6: Contacts: Satya Kumar Mark Plungy Investor Relations Media Relations satyakumar@micron.com mplungy@micron.com (408) 450-6199 (408) 203-2910 MICRON TECHNOLOGY, INC. REPORTS RECORD RESULTS FOR THE THIRD QUARTER OF FISCAL 2026 Micron executes transformational Strategic Customer Agreements BOISE, Idaho, June 24, 2026 – Micron Technology, Inc. (Nasdaq: MU) today announced results for its third quarter of fiscal 2026, which ended May 28, 2026. Fiscal Q3 2026 highlights • Revenue of $41.46 billion versus $23.86 billion for the prior quarter and $9.30 billion for the same period last year • GAAP net income of $28.24 billion, or $24.67 per diluted share • Non-GAAP net income of $28.86 billion, or $25.11 per diluted share • Operating cash flow of $25.39 billion versus $11.90 billion for the prior quarter and $4.61 billion for the same period last year “Micron’s record fiscal Q3 financial results and even stronger outlook for Q4 reflect the strategic value of memory in the AI era,” said Sanjay Mehrotra, Chairman, President and CEO of Micron Technology. “Micron is investing at record levels in technology, products and supply to address our customers’ rapidly growing demand. We believe our multi-year Strategic Customer Agreements will significantly enhance the durability and predictability of Micron’s strong financial performance.” Quarterly Financial Results (in millions, except per share amounts) GAAP (1) Non-GAAP (2) FQ3-26 FQ2-26 FQ3-25 FQ3-26 FQ2-26 FQ3-25 Revenue $ 41,456 $ 23,860 $ 9,301 $ 41,456 $ 23,860 $ 9,301 Gross margin 35,056 17,755 3,508 35,199 17,876 3,623 Percent of revenue 84.6 % 74.4 % 37.7 % 84.9 % 74.9 % 39.0 % Operating expenses 1,738 1,620 1,339 1,518 1,421 1,133 Operating income 33,318 16,135 2,169 33,681 16,455 2,490 Percent of revenue 80.4 % 67.6 % 23.3 % 81.2 % 69.0 % 26.8 % Net income 28,243 13,785 1,885 28,857 14,021 2,181 Diluted earnings per share (EPS) 24.67 12.07 1.68 25.11 12.20 1.91 For the third quarter of 2026, investments in capital expenditures, net (2) were $7.1 billion and adjusted free cash flow (2) was $18.3 billion. Micron ended the quarter with cash, marketable investments, and restricted cash of $30.2 billion. On June 24, 2026, Micron’s Board of Directors declared a quarterly dividend of $0.15 per share, payable in cash on July 21, 2026, to shareholders of record as of the close of business on July 6, 2026. 1 Quarterly Business Unit Financial Results FQ3-26 FQ2-26 FQ3-25 Cloud Memory Business Unit Revenue $ 13,769 $ 7,749 $ 3,386 Gross margin 83 % 74 % 58 % Operating margin 78 % 66 % 46 % Core Data Center Business Unit Revenue $ 11,524 $ 5,687 $ 1,530 Gross margin 87 % 74 % 38 % Operating margin 83 % 67 % 20 % Mobile and Client Business Unit Revenue $ 11,521 $ 7,711 $ 3,255 Gross margin 87 % 79 % 24 % Operating margin 86 % 76 % 15 % Automotive and Embedded Business Unit Revenue $ 4,634 $ 2,708 $ 1,127 Gross margin 79 % 68 % 26 % Operating margin 75 % 62 % 11 % Business Outlook The following table presents Micron’s guidance for the fourth quarter of 2026: FQ4-26 GAAP (1) Outlook Non-GAAP (2) Outlook Revenue $50.0 billion ± $1.0 billion $50.0 billion ± $1.0 billion Gross margin Approximately 86% Approximately 86% Operating expenses Approximately $1.86 billion Approximately $1.65 billion Diluted earnings per share $30.73 ± $1.00 $31.00 ± $1.00 Further information regarding Micron’s business outlook is included in the prepared remarks and slides, which have been posted at investors.micron.com . Product highlights • HBM4, built on 1-beta DRAM technology, is in high-volume shipments for our lead customer's platform, and qualification samples have been shipped to multiple end-customers. • Development of HBM4E, built on 1-gamma DRAM technology, is well underway, with volume production expected in calendar 2027. • Qualification samples of 256GB DDR5 RDIMMs, built on 1-gamma DRAM technology and advanced 3D die stacking, has shipped to key server ecosystem enablers. • Our LP5X SOCAMM2 products are in high-volume production, and we have expanded our LP5X SOCAMM2 offerings across multiple capacity points. • G9-based PCIe Gen6 high-performance SSD is now in high-volume production. • We commenced shipments of our high-capacity 245TB QLC SSD. • Gen5 QLC PC Client SSD with G9 NAND has achieved successful lead customer qualification. • 1-gamma 16Gb LPDDR5X has begun high-volume ramp at a leading smartphone OEM, and we are currently sampling our 1-gamma 24Gb LP5X product to multiple smartphone customers. 2 • 1-gamma LPDDR5 reached automotive product readiness, with samples delivered to key customers, and we shipped our first 1-gamma DDR5 samples to a robotaxi customer. • G9-based UFS 4.1 automotive NAND solution began first volume shipments. Investor Webcast Micron will host a conference call on Wednesday, June 24, 2026 at 2:30 p.m. Mountain Time to discuss its third quarter financial results and provide forward-looking guidance for its fourth quarter. A live webcast of the call will be available online at investors.micron.com . A webcast replay will be available for one year after the call. We encourage you to visit our website at micron.com throughout the quarter for the most current information on the company, including information on financial conferences that we may be attending. You can also follow us on LinkedIn, X (@MicronTech) and YouTube (@MicronTechnology). About Micron Technology, Inc. Micron Technology, Inc. is an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com . © 2026 Micron Technology, Inc. All rights reserved. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners. Forward-Looking Statements This press release contains forward-looking statements regarding our industry, our strategic position, our customers, including customer demand, our products and technology, including expectations on production, and our financial and operating performance, including our guidance for the fourth quarter of 2026, as well as our investments in manufacturing and goals for such investments. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents we file with the Securities and Exchange Commission, including our most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at investors.micron.com/risk-factor . Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements to conform these statements to actual results. (1) GAAP represents U.S. Generally Accepted Accounting Principles. (2) Non-GAAP represents GAAP excluding the impact of certain activities, which management excludes in analyzing our operating results and understanding trends in our earnings; adjusted free cash flow; investments in capital expenditures, net; and business outlook. Further information regarding Micron’s use of non-GAAP measures and reconciliations between GAAP and non-GAAP measures are included within this press release. 3 MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share amounts) (Unaudited) 3rd Qtr. 2nd Qtr. 3rd Qtr. Nine Months Ended May 28, 2026 February 26, 2026 May 29, 2025 May 28, 2026 May 29, 2025 Revenue $ 41,456 $ 23,860 $ 9,301 $ 78,959 $ 26,063 Cost of goods sold 6,400 6,105 5,793 18,502 16,244 Gross margin 35,056 17,755 3,508 60,457 9,819 Research and development 1,316 1,250 965 3,737 2,751 Selling, general, and administrative 407 344 318 1,088 891 Other operating (income) expense, net 15 26 56 43 61 Operating income 33,318 16,135 2,169 55,589 6,116 Interest income 215 155 135 509 350 Interest expense — (32) (123) (106) (353) Other non-operating income (expense), net (321) (98) (68) (559) (90) 33,212 16,160 2,113 55,433 6,023 Income tax (provision) benefit (4,978) (2,371) (235) (8,178) (695) Equity in net income (loss) of equity method investees 9 (4) 7 13 10 Net income $ 28,243 $ 13,785 $ 1,885 $ 47,268 $ 5,338 Earnings per share Basic $ 25.03 $ 12.25 $ 1.69 $ 41.97 $ 4.79 Diluted 24.67 12.07 1.68 41.40 4.75 Number of shares used in per share calculations Basic 1,128 1,126 1,118 1,126 1,114 Diluted 1,145 1,142 1,125 1,142 1,123 4 MICRON TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) As of May 28, 2026 February 26, 2026 August 28, 2025 Assets Cash and equivalents $ 24,995 $ 13,908 $ 9,642 Short-term investments 1,027 681 665 Receivables 31,025 17,314 9,265 Inventories 8,567 8,267 8,355 Other current assets 1,123 1,243 914 Total current assets 66,737 41,413 28,841 Long-term marketable investments 4,106 2,038 1,629 Property, plant, and equipment 56,426 51,408 46,590 Operating lease right-of-use assets 683 684 736 Intangible assets 473 468 453 Deferred tax assets 700 680 616 Goodwill 1,150 1,150 1,150 Other noncurrent assets 3,837 3,668 2,783 Total assets $ 134,112 $ 101,509 $ 82,798 Liabilities and equity Accounts payable and accrued expenses $ 15,521 $ 10,997 $ 9,649 Current debt 582 585 560 Other current liabilities 3,385 2,714 1,245 Total current liabilities 19,488 14,296 11,454 Long-term debt 5,140 9,557 14,017 Noncurrent operating lease liabilities 654 656 701 Noncurrent unearned government incentives 1,020 1,002 1,018 Other noncurrent liabilities 7,086 3,539 1,443 Total liabilities 33,388 29,050 28,633 Commitments and contingencies Shareholders’ equity Common stock 128 127 127 Additional capital 14,442 14,092 13,339 Retained earnings 94,682 66,824 48,583 Treasury stock (8,502) (8,502) (7,852) Accumulated other comprehensive income (loss) (26) (82) (32) Total equity 100,724 72,459 54,165 Total liabilities and equity $ 134,112 $ 101,509 $ 82,798 5 MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) Nine Months Ended May 28, 2026 May 29, 2025 Cash flows from operating activities Net income $ 47,268 $ 5,338 Adjustments to reconcile net income to net cash provided by operating activities:

paragraph:7: Depreciation expense and amortization of intangible assets 6,862 6,203 Stock-based compensation 954 722 Change in operating assets and liabilities: Receivables (19,953) (123) Inventories (212) 148 Accounts payable and accrued expenses 3,329 38 Other current liabilities 2,139 (681) Other noncurrent liabilities 5,203 259 Other 112 (109) Net cash provided by operating activities 45,702 11,795 Cash flows from investing activities

paragraph:8: Expenditures for property, plant, and equipment (19,602) (10,199) Purchases of available-for-sale securities (4,072) (1,203) Proceeds from government incentives 2,989 1,294 Proceeds from maturities and sales of available-for-sale securities 1,233 1,249 Other (236) (30) Net cash used for investing activities (19,688) (8,889) Cash flows from financing activities

paragraph:9: Repayments of debt (9,380) (3,604) Repurchases of common stock - withholdings on employee equity awards (762) (290) Repurchases of common stock - repurchase program (650) — Payments of dividends to shareholders (437) (392) Proceeds from issuance of debt — 4,430 Other 583 70 Net cash used for financing activities (10,646) 214 Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash 8 (3) Net increase in cash, cash equivalents, and restricted cash 15,376 3,117 Cash, cash equivalents, and restricted cash at beginning of period 9,646 7,052 Cash, cash equivalents, and restricted cash at end of period $ 25,022 $ 10,169 6 MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP MEASURES (In millions, except per share amounts)

paragraph:10: 3rd Qtr. 2nd Qtr. 3rd Qtr. May 28, 2026 February 26, 2026 May 29, 2025 GAAP gross margin $ 35,056 $ 17,755 $ 3,508 Stock-based compensation 143 121 115 Non-GAAP gross margin $ 35,199 $ 17,876 $ 3,623 GAAP operating expenses $ 1,738 $ 1,620 $ 1,339 Stock-based compensation (198) (176) (148) Other (22) (23) (58) Non-GAAP operating expenses $ 1,518 $ 1,421 $ 1,133 GAAP operating income $ 33,318 $ 16,135 $ 2,169 Stock-based compensation 341 297 263 Other 22 23 58 Non-GAAP operating income $ 33,681 $ 16,455 $ 2,490 GAAP net income $ 28,243 $ 13,785 $ 1,885 Stock-based compensation 341 297 263 Loss on debt prepayments 325 47 46 Other 23 25 58 Estimated tax effects of above and other tax adjustments (75) (133) (71) Non-GAAP net income $ 28,857 $ 14,021 $ 2,181 GAAP weighted-average common shares outstanding - Diluted 1,145 1,142 1,125 Adjustment for stock-based compensation 4 7 19 Non-GAAP weighted-average common shares outstanding - Diluted 1,149 1,149 1,144 GAAP diluted earnings per share $ 24.67 $ 12.07 $ 1.68 Effects of the above adjustments 0.44 0.13 0.23 Non-GAAP diluted earnings per share $ 25.11 $ 12.20 $ 1.91 7 RECONCILIATION OF GAAP TO NON-GAAP MEASURES, Continued 3rd Qtr. 2nd Qtr. 3rd Qtr. May 28, 2026 February 26, 2026 May 29, 2025 GAAP net cash provided by operating activities $ 25,388 $ 11,903 $ 4,609 Expenditures for property, plant, and equipment (7,826) (6,387) (2,938) Proceeds from sales of property, plant, and equipment 9 5 12 Proceeds from government incentives 733 1,378 266 Investments in capital expenditures, net (7,084) (5,004) (2,660) Adjusted free cash flow $ 18,304 $ 6,899 $ 1,949 The tables above reconcile GAAP to non-GAAP measures of gross margin, operating expenses, operating income, net income, diluted shares, diluted earnings per share, and adjusted free cash flow. The non-GAAP adjustments above may or may not be infrequent or nonrecurring in nature, but are a result of periodic or non-core operating activities. We believe this non-GAAP information is helpful in understanding trends and in analyzing our operating results and earnings. We are providing this information to investors to assist in performing analysis of our operating results. When evaluating performance and making decisions on how to allocate our resources, management uses this non-GAAP information and believes investors should have access to similar data when making their investment decisions. We believe these non-GAAP financial measures increase transparency by providing investors with useful supplemental information about the financial performance of our business, enabling enhanced comparison of our operating results between periods and with peer companies. The presentation of these adjusted amounts varies from amounts presented in accordance with U.S. GAAP and therefore may not be comparable to amounts reported by other companies. Our management excludes the following items as applicable in analyzing our operating results and understanding trends in our earnings: • Stock-based compensation; • Gains and losses from settlements; • Gains and losses from debt prepayments; • Restructure and asset impairments; and • The estimated tax effects of above, non-cash changes in net deferred income taxes, assessments of tax exposures, certain tax matters related to prior fiscal periods, and significant changes in tax law. The divergence between our GAAP and non-GAAP income tax (provision) benefit relates to the difference in our GAAP and non-GAAP estimated annual effective tax rates, which are computed separately. Non-GAAP diluted shares are adjusted for the impact of additional shares resulting from the exclusion of stock-based compensation from non-GAAP income. 8 MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK FQ4-26 GAAP Outlook Adjustments Non-GAAP Outlook Revenue $50.0 billion ± $1.0 billion — $50.0 billion ± $1.0 billion Gross margin Approximately 86% — % A Approximately 86% Operating expenses Approximately $1.86 billion $205 million B Approximately $1.65 billion Diluted earnings per share (1) $30.73 ± $1.00 $0.27 A, B, C $31.00 ± $1.00 Non-GAAP Adjustments (in millions) A Stock-based compensation – cost of goods sold $ 159 B Stock-based compensation – research and development 138 B Stock-based compensation – sales, general, and administrative 67 C Tax effects of the above items and other tax adjustments (55) $ 309 (1) GAAP earnings per share and non-GAAP earnings per share based on approximately 1.15 billion diluted shares. The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, additional restructuring activities, balance sheet valuation adjustments, strategic investments, financing transactions, and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control. 9

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paragraph:6: Contacts: Satya Kumar Mark Plungy Investor Relations Media Relations satyakumar@micron.com mplungy@micron.com (408) 450-6199 (408) 203-2910 MICRON TECHNOLOGY, INC. REPORTS RESULTS FOR THE SECOND QUARTER OF FISCAL 2026 Record results and outlook reflect strategic value of memory in AI era BOISE, Idaho, March 18, 2026 – Micron Technology, Inc. (Nasdaq: MU) today announced results for its second quarter of fiscal 2026, which ended February 26, 2026. Fiscal Q2 2026 highlights • Revenue of $23.86 billion versus $13.64 billion for the prior quarter and $8.05 billion for the same period last year • GAAP net income of $13.79 billion, or $12.07 per diluted share • Non-GAAP net income of $14.02 billion, or $12.20 per diluted share • Operating cash flow of $11.90 billion versus $8.41 billion for the prior quarter and $3.94 billion for the same period last year “Micron set new records across revenue, gross margin, EPS, and free cash flow in fiscal Q2, driven by a strong demand environment, tight industry supply, and our strong execution, and we expect significant records again in fiscal Q3,” said Sanjay Mehrotra, Chairman, President and CEO of Micron Technology. “In the AI era, memory has become a strategic asset for our customers, and we are investing in our global manufacturing footprint to support their growing demand. Reflecting confidence in the sustained strength of our business, our board has approved a 30% increase in our quarterly dividend.” Quarterly Financial Results (in millions, except per share amounts) GAAP (1) Non-GAAP (2) FQ2-26 FQ1-26 FQ2-25 FQ2-26 FQ1-26 FQ2-25 Revenue $ 23,860 $ 13,643 $ 8,053 $ 23,860 $ 13,643 $ 8,053 Gross margin 17,755 7,646 2,963 17,876 7,753 3,053 Percent of revenue 74.4 % 56.0 % 36.8 % 74.9 % 56.8 % 37.9 % Operating expenses 1,620 1,510 1,190 1,421 1,334 1,046 Operating income 16,135 6,136 1,773 16,455 6,419 2,007 Percent of revenue 67.6 % 45.0 % 22.0 % 69.0 % 47.0 % 24.9 % Net income 13,785 5,240 1,583 14,021 5,482 1,783 Diluted earnings per share (EPS) 12.07 4.60 1.41 12.20 4.78 1.56 For the second quarter of 2026, investments in capital expenditures, net (2) were $5.0 billion and adjusted free cash flow (2) was $6.9 billion. Micron ended the quarter with cash, marketable investments, and restricted cash of $16.7 billion. On March 18, 2026, Micron’s Board of Directors declared a quarterly dividend of $0.15 per share, payable in cash on April 15, 2026, to shareholders of record as of the close of business on March 30, 2026. 1 Quarterly Business Unit Financial Results FQ2-26 FQ1-26 FQ2-25 Cloud Memory Business Unit Revenue $ 7,749 $ 5,284 $ 2,947 Gross margin 74 % 66 % 55 % Operating margin 66 % 55 % 45 % Core Data Center Business Unit Revenue $ 5,687 $ 2,379 $ 1,830 Gross margin 74 % 51 % 47 % Operating margin 67 % 37 % 33 % Mobile and Client Business Unit Revenue $ 7,711 $ 4,255 $ 2,236 Gross margin 79 % 54 % 15 % Operating margin 76 % 47 % 1 % Automotive and Embedded Business Unit Revenue $ 2,708 $ 1,720 $ 1,034 Gross margin 68 % 45 % 21 % Operating margin 62 % 36 % 6 % Business Outlook The following table presents Micron’s guidance for the third quarter of 2026: FQ3-26 GAAP (1) Outlook Non-GAAP (2) Outlook Revenue $33.5 billion ± $750 million $33.5 billion ± $750 million Gross margin Approximately 81% Approximately 81% Operating expenses Approximately $1.60 billion Approximately $1.40 billion Diluted earnings per share $18.90 ± $0.40 $19.15 ± $0.40 Further information regarding Micron’s business outlook is included in the prepared remarks and slides, which have been posted at investors.micron.com . Investor Webcast Micron will host a conference call on Wednesday, March 18, 2026 at 2:30 p.m. Mountain Time to discuss its second quarter financial results and provide forward-looking guidance for its third quarter. A live webcast of the call will be available online at investors.micron.com . A webcast replay will be available for one year after the call. We encourage you to visit our website at micron.com throughout the quarter for the most current information on the company, including information on financial conferences that we may be attending. You can also follow us on LinkedIn, X (@MicronTech) and YouTube (@MicronTechnology). 2 About Micron Technology, Inc. Micron Technology, Inc. is an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com . © 2026 Micron Technology, Inc. All rights reserved. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners. Forward-Looking Statements This press release contains forward-looking statements regarding our industry, our strategic position, our customers, including customer demand, and our financial and operating performance, including our guidance for the third quarter of 2026, as well as our investments in manufacturing and goals for such investments. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents we file with the Securities and Exchange Commission, including our most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at investors.micron.com/risk-factor . Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements to conform these statements to actual results. (1) GAAP represents U.S. Generally Accepted Accounting Principles. (2) Non-GAAP represents GAAP excluding the impact of certain activities, which management excludes in analyzing our operating results and understanding trends in our earnings; adjusted free cash flow; investments in capital expenditures, net; and business outlook. Further information regarding Micron’s use of non-GAAP measures and reconciliations between GAAP and non-GAAP measures are included within this press release. 3 MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share amounts) (Unaudited) 2nd Qtr. 1st Qtr. 2nd Qtr. Six Months Ended February 26, 2026 November 27, 2025 February 27, 2025 February 26, 2026 February 27, 2025 Revenue $ 23,860 $ 13,643 $ 8,053 $ 37,503 $ 16,762 Cost of goods sold 6,105 5,997 5,090 12,102 10,451 Gross margin 17,755 7,646 2,963 25,401 6,311 Research and development 1,250 1,171 898 2,421 1,786 Selling, general, and administrative 344 337 285 681 573 Other operating (income) expense, net 26 2 7 28 5 Operating income 16,135 6,136 1,773 22,271 3,947 Interest income 155 139 108 294 215 Interest expense (32) (74) (112) (106) (230) Other non-operating income (expense), net (98) (140) (11) (238) (22) 16,160 6,061 1,758 22,221 3,910 Income tax (provision) benefit (2,371) (829) (177) (3,200) (460) Equity in net income (loss) of equity method investees (4) 8 2 4 3 Net income $ 13,785 $ 5,240 $ 1,583 $ 19,025 $ 3,453 Earnings per share Basic $ 12.25 $ 4.66 $ 1.42 $ 16.91 $ 3.10 Diluted 12.07 4.60 1.41 16.68 3.08 Number of shares used in per share calculations Basic 1,126 1,125 1,115 1,125 1,113 Diluted 1,142 1,138 1,123 1,140 1,123 4 MICRON TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) As of February 26, 2026 November 27, 2025 August 28, 2025 Assets Cash and equivalents $ 13,908 $ 9,731 $ 9,642 Short-term investments 681 587 665 Receivables 17,314 10,184 9,265 Inventories 8,267 8,205 8,355 Other current assets 1,243 958 914 Total current assets 41,413 29,665 28,841 Long-term marketable investments 2,038 1,697 1,629 Property, plant, and equipment 51,408 48,477 46,590 Operating lease right-of-use assets 684 700 736 Intangible assets 468 465 453 Deferred tax assets 680 641 616 Goodwill 1,150 1,150 1,150 Other noncurrent assets 3,668 3,176 2,783 Total assets $ 101,509 $ 85,971 $ 82,798 Liabilities and equity Accounts payable and accrued expenses $ 10,997 $ 9,796 $ 9,649 Current debt 585 569 560 Other current liabilities 2,714 1,695 1,245 Total current liabilities 14,296 12,060 11,454 Long-term debt 9,557 11,187 14,017 Noncurrent operating lease liabilities 656 669 701 Noncurrent unearned government incentives 1,002 1,148 1,018 Other noncurrent liabilities 3,539 2,101 1,443 Total liabilities 29,050 27,165 28,633 Commitments and contingencies Shareholders’ equity Common stock 127 127 127 Additional capital 14,092 13,610 13,339 Retained earnings 66,824 53,344 48,583 Treasury stock (8,502) (8,152) (7,852) Accumulated other comprehensive income (loss) (82) (123) (32) Total equity 72,459 58,806 54,165 Total liabilities and equity $ 101,509 $ 85,971 $ 82,798 5 MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) Six Months Ended February 26, 2026 February 27, 2025 Cash flows from operating activities Net income $ 19,025 $ 3,453 Adjustments to reconcile net income to net cash provided by operating activities:

paragraph:7: Depreciation expense and amortization of intangible assets 4,498 4,109 Stock-based compensation 599 469 Change in operating assets and liabilities: Receivables (8,298) 338 Inventories 88 (132) Accounts payable and accrued expenses 928 (714) Other current liabilities 1,469 (321) Other noncurrent liabilities 2,106 195 Other (101) (211) Net cash provided by operating activities 20,314 7,186 Cash flows from investing activities

paragraph:8: Expenditures for property, plant, and equipment (11,776) (7,261) Purchases of available-for-sale securities (1,120) (816) Proceeds from government incentives 2,256 1,028 Proceeds from maturities and sales of available-for-sale securities 701 874 Other (180) (125) Net cash used for investing activities (10,119) (6,300) Cash flows from financing activities

paragraph:9: Repayments of debt (4,626) (2,626) Repurchases of common stock - repurchase program (650) — Repurchases of common stock - withholdings on employee equity awards (545) (252) Payments of dividends to shareholders (266) (261) Proceeds from issuance of debt — 2,682 Other 175 131 Net cash used for financing activities (5,912) (326) Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash 5 (49) Net increase in cash, cash equivalents, and restricted cash 4,288 511 Cash, cash equivalents, and restricted cash at beginning of period 9,646 7,052 Cash, cash equivalents, and restricted cash at end of period $ 13,934 $ 7,563 6 MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP MEASURES (In millions, except per share amounts)

paragraph:10: 2nd Qtr. 1st Qtr. 2nd Qtr. February 26, 2026 November 27, 2025 February 27, 2025 GAAP gross margin $ 17,755 $ 7,646 $ 2,963 Stock-based compensation 121 107 89 Other — — 1 Non-GAAP gross margin $ 17,876 $ 7,753 $ 3,053 GAAP operating expenses $ 1,620 $ 1,510 $ 1,190 Stock-based compensation (176) (173) (144) Other (23) (3) — Non-GAAP operating expenses $ 1,421 $ 1,334 $ 1,046 GAAP operating income $ 16,135 $ 6,136 $ 1,773 Stock-based compensation 297 280 233 Other 23 3 1 Non-GAAP operating income $ 16,455 $ 6,419 $ 2,007 GAAP net income $ 13,785 $ 5,240 $ 1,583 Stock-based compensation 297 280 233 Loss on debt prepayments 47 130 4 Other 25 (20) — Estimated tax effects of above and other tax adjustments (133) (148) (37) Non-GAAP net income $ 14,021 $ 5,482 $ 1,783 GAAP weighted-average common shares outstanding - Diluted 1,142 1,138 1,123 Adjustment for stock-based compensation 7 10 20 Non-GAAP weighted-average common shares outstanding - Diluted 1,149 1,148 1,143 GAAP diluted earnings per share $ 12.07 $ 4.60 $ 1.41 Effects of the above adjustments 0.13 0.18 0.15 Non-GAAP diluted earnings per share $ 12.20 $ 4.78 $ 1.56 7 RECONCILIATION OF GAAP TO NON-GAAP MEASURES, Continued 2nd Qtr. 1st Qtr. 2nd Qtr. February 26, 2026 November 27, 2025 February 27, 2025 GAAP net cash provided by operating activities $ 11,903 $ 8,411 $ 3,942 Expenditures for property, plant, and equipment (6,387) (5,389) (4,055) Proceeds from sales of property, plant, and equipment 5 6 7 Proceeds from government incentives 1,378 878 963 Investments in capital expenditures, net (5,004) (4,505) (3,085) Adjusted free cash flow $ 6,899 $ 3,906 $ 857 The tables above reconcile GAAP to non-GAAP measures of gross margin, operating expenses, operating income, net income, diluted shares, diluted earnings per share, and adjusted free cash flow. The non-GAAP adjustments above may or may not be infrequent or nonrecurring in nature, but are a result of periodic or non-core operating activities. We believe this non-GAAP information is helpful in understanding trends and in analyzing our operating results and earnings. We are providing this information to investors to assist in performing analysis of our operating results. When evaluating performance and making decisions on how to allocate our resources, management uses this non-GAAP information and believes investors should have access to similar data when making their investment decisions. We believe these non-GAAP financial measures increase transparency by providing investors with useful supplemental information about the financial performance of our business, enabling enhanced comparison of our operating results between periods and with peer companies. The presentation of these adjusted amounts varies from amounts presented in accordance with U.S. GAAP and therefore may not be comparable to amounts reported by other companies. Our management excludes the following items as applicable in analyzing our operating results and understanding trends in our earnings: • Stock-based compensation; • Gains and losses from debt prepayments; • Restructure and asset impairments; and • The estimated tax effects of above, non-cash changes in net deferred income taxes, assessments of tax exposures, certain tax matters related to prior fiscal periods, and significant changes in tax law. The divergence between our GAAP and non-GAAP income tax (provision) benefit relates to the difference in our GAAP and non-GAAP estimated annual effective tax rates, which are computed separately. Non-GAAP diluted shares are adjusted for the impact of additional shares resulting from the exclusion of stock-based compensation from non-GAAP income. 8 MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK FQ3-26 GAAP Outlook Adjustments Non-GAAP Outlook Revenue $33.5 billion ± $750 million — $33.5 billion ± $750 million Gross margin Approximately 81% — A Approximately 81% Operating expenses Approximately $1.60 billion $200 million B Approximately $1.40 billion Diluted earnings per share (1) $18.90 ± $0.40 $0.25 A, B, C $19.15 ± $0.40 Non-GAAP Adjustments (in millions) A Stock-based compensation – cost of goods sold $ 141 B Stock-based compensation – research and development 132 B Stock-based compensation – sales, general, and administrative 68 C Tax effects of the above items and other tax adjustments (52) $ 289 (1) GAAP earnings per share based on approximately 1.14 billion diluted shares and non-GAAP earnings per share based on approximately 1.15 billion diluted shares. The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, additional restructuring activities, balance sheet valuation adjustments, strategic investments, financing transactions, and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control. 9

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paragraph:4: EX-99.1 EARNINGS RELEASE

paragraph:5: Document Exhibit 99.1 FOR IMMEDIATE RELEASE

paragraph:6: Contacts: Satya Kumar Mark Plungy Investor Relations Media Relations satyakumar@micron.com mplungy@micron.com (408) 450-6199 (408) 203-2910 MICRON TECHNOLOGY, INC. REPORTS RESULTS FOR THE FIRST QUARTER OF FISCAL 2026 AI demand acceleration and Micron execution drive record fiscal Q1 results, including highest ever free cash flow BOISE, Idaho, December 17, 2025 – Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2026, which ended November 27, 2025. Fiscal Q1 2026 highlights • Revenue of $13.64 billion versus $11.32 billion for the prior quarter and $8.71 billion for the same period last year • GAAP net income of $5.24 billion, or $4.60 per diluted share • Non-GAAP net income of $5.48 billion, or $4.78 per diluted share • Operating cash flow of $8.41 billion versus $5.73 billion for the prior quarter and $3.24 billion for the same period last year “In fiscal Q1, Micron delivered record revenue and significant margin expansion at the company level and also in each of our business units,” said Sanjay Mehrotra, Chairman, President and CEO of Micron Technology. “Our Q2 outlook reflects substantial records across revenue, gross margin, EPS and free cash flow, and we anticipate our business performance to continue strengthening through fiscal 2026. Micron’s technology leadership, differentiated product portfolio, and strong operational execution position us as an essential AI enabler, and we are investing to support our customers’ growing need for memory and storage.” Quarterly Financial Results (in millions, except per share amounts) GAAP (1) Non-GAAP (2) FQ1-26 FQ4-25 FQ1-25 FQ1-26 FQ4-25 FQ1-25 Revenue $ 13,643 $ 11,315 $ 8,709 $ 13,643 $ 11,315 $ 8,709 Gross margin 7,646 5,054 3,348 7,753 5,169 3,441 Percent of revenue 56.0 % 44.7 % 38.4 % 56.8 % 45.7 % 39.5 % Operating expenses 1,510 1,400 1,174 1,334 1,214 1,047 Operating income 6,136 3,654 2,174 6,419 3,955 2,394 Percent of revenue 45.0 % 32.3 % 25.0 % 47.0 % 35.0 % 27.5 % Net income 5,240 3,201 1,870 5,482 3,469 2,037 Diluted earnings per share 4.60 2.83 1.67 4.78 3.03 1.79 For the first quarter of 2026, investments in capital expenditures, net (2) were $4.5 billion and adjusted free cash flow (2) was $3.9 billion. Micron ended the year with cash, marketable investments, and restricted cash of $12.0 billion. On December 17, 2025, Micron’s Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on January 14, 2026, to shareholders of record as of the close of business on December 29, 2025. 1 Quarterly Business Unit Financial Results FQ1-26 FQ4-25 FQ1-25 Cloud Memory Business Unit Revenue $ 5,284 $ 4,543 $ 2,648 Gross margin 66 % 59 % 51 % Operating margin 55 % 48 % 40 % Core Data Center Business Unit Revenue $ 2,379 $ 1,577 $ 2,292 Gross margin 51 % 41 % 50 % Operating margin 37 % 25 % 38 % Mobile and Client Business Unit Revenue $ 4,255 $ 3,760 $ 2,608 Gross margin 54 % 36 % 27 % Operating margin 47 % 29 % 15 % Automotive and Embedded Business Unit Revenue $ 1,720 $ 1,434 $ 1,158 Gross margin 45 % 31 % 20 % Operating margin 36 % 20 % 7 % Business Outlook The following table presents Micron’s guidance for the second quarter of 2026: FQ2-26 GAAP (1) Outlook Non-GAAP (2) Outlook Revenue $18.70 billion ± $400 million $18.70 billion ± $400 million Gross margin 67.0% ± 1.0% 68.0% ± 1.0% Operating expenses $1.56 billion ± $20 million $1.38 billion ± $20 million Diluted earnings per share $8.19 ± $0.20 $8.42 ± $0.20 Further information regarding Micron’s business outlook is included in the prepared remarks and slides, which have been posted at investors.micron.com . Investor Webcast Micron will host a conference call on Wednesday, December 17, 2025 at 2:30 p.m. Mountain Time to discuss its first quarter financial results and provide forward-looking guidance for its second quarter. A live webcast of the call will be available online at investors.micron.com . A webcast replay will be available for one year after the call. We encourage you to visit our website at micron.com throughout the quarter for the most current information on the company, including information on financial conferences that we may be attending. You can also follow us on LinkedIn, X (@MicronTech) and YouTube (@MicronTechnology). 2 About Micron Technology, Inc. Micron Technology, Inc. is an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com . © 2025 Micron Technology, Inc. All rights reserved. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners. Forward-Looking Statements This press release contains forward-looking statements regarding our industry, our strategic position, and our financial and operating results, including our guidance for the second quarter of 2026. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents we file with the Securities and Exchange Commission, including our most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at investors.micron.com/risk-factor . Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements to conform these statements to actual results. (1) GAAP represents U.S. Generally Accepted Accounting Principles. (2) Non-GAAP represents GAAP excluding the impact of certain activities, which management excludes in analyzing our operating results and understanding trends in our earnings; adjusted free cash flow; investments in capital expenditures, net; and business outlook. Further information regarding Micron’s use of non-GAAP measures and reconciliations between GAAP and non-GAAP measures are included within this press release. 3 MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share amounts) (Unaudited) 1st Qtr. 4th Qtr. 1st Qtr. November 27, 2025 August 28, 2025 November 28, 2024 Revenue $ 13,643 $ 11,315 $ 8,709 Cost of goods sold 5,997 6,261 5,361 Gross margin 7,646 5,054 3,348 Research and development 1,171 1,047 888 Selling, general, and administrative 337 314 288 Other operating (income) expense, net 2 39 (2) Operating income 6,136 3,654 2,174 Interest income 139 146 107 Interest expense (74) (124) (118) Other non-operating income (expense), net (140) (45) (11) 6,061 3,631 2,152 Income tax (provision) benefit (829) (429) (283) Equity in net income (loss) of equity method investees 8 (1) 1 Net income $ 5,240 $ 3,201 $ 1,870 Earnings per share Basic $ 4.66 $ 2.86 $ 1.68 Diluted 4.60 2.83 1.67 Number of shares used in per share calculations Basic 1,125 1,120 1,111 Diluted 1,138 1,131 1,122 4 MICRON TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) As of November 27, 2025 August 28, 2025 Assets Cash and equivalents $ 9,731 $ 9,642 Short-term investments 587 665 Receivables 10,184 9,265 Inventories 8,205 8,355 Other current assets 958 914 Total current assets 29,665 28,841 Long-term marketable investments 1,697 1,629 Property, plant, and equipment 48,477 46,590 Operating lease right-of-use assets 700 736 Intangible assets 465 453 Deferred tax assets 641 616 Goodwill 1,150 1,150 Other noncurrent assets 3,176 2,783 Total assets $ 85,971 $ 82,798 Liabilities and equity Accounts payable and accrued expenses $ 9,796 $ 9,649 Current debt 569 560 Other current liabilities 1,695 1,245 Total current liabilities 12,060 11,454 Long-term debt 11,187 14,017 Noncurrent operating lease liabilities 669 701 Noncurrent unearned government incentives 1,148 1,018 Other noncurrent liabilities 2,101 1,443 Total liabilities 27,165 28,633 Commitments and contingencies Shareholders’ equity Common stock 127 127 Additional capital 13,610 13,339 Retained earnings 53,344 48,583 Treasury stock (8,152) (7,852) Accumulated other comprehensive income (loss) (123) (32) Total equity 58,806 54,165 Total liabilities and equity $ 85,971 $ 82,798 5 MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) Three months ended November 27, 2025 November 28, 2024 Cash flows from operating activities Net income $ 5,240 $ 1,870 Adjustments to reconcile net income to net cash provided by operating activities:

paragraph:7: Depreciation expense and amortization of intangible assets 2,212 2,030 Stock-based compensation 290 220 Change in operating assets and liabilities: Receivables (871) (817) Inventories 150 170 Accounts payable and accrued expenses 156 (241) Other current liabilities 449 (161) Other noncurrent liabilities 547 132 Other 238 41 Net cash provided by operating activities 8,411 3,244 Cash flows from investing activities

paragraph:8: Expenditures for property, plant, and equipment (5,389) (3,206) Purchases of available-for-sale securities (255) (377) Proceeds from government incentives 878 65 Proceeds from maturities and sales of available-for-sale securities 268 428 Other (96) (58) Net cash used for investing activities (4,594) (3,148) Cash flows from financing activities

paragraph:9: Repayments of debt (2,943) (84) Repurchases of common stock - withholdings on employee equity awards (367) (207) Repurchases of common stock - repurchase program (300) — Payments of dividends to shareholders (134) (131) Other (1) — Net cash used for financing activities (3,745) (422) Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash 14 (29) Net increase (decrease) in cash, cash equivalents, and restricted cash 86 (355) Cash, cash equivalents, and restricted cash at beginning of period 9,646 7,052 Cash, cash equivalents, and restricted cash at end of period $ 9,732 $ 6,697 6 MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP MEASURES (In millions, except per share amounts)

paragraph:10: 1st Qtr. 4th Qtr. 1st Qtr. November 27, 2025 August 28, 2025 November 28, 2024 GAAP gross margin $ 7,646 $ 5,054 $ 3,348 Stock-based compensation 107 115 90 Other — — 3 Non-GAAP gross margin $ 7,753 $ 5,169 $ 3,441 GAAP operating expenses $ 1,510 $ 1,400 $ 1,174 Stock-based compensation (173) (147) (127) Restructure and asset impairments — (38) — Other (3) (1) — Non-GAAP operating expenses $ 1,334 $ 1,214 $ 1,047 GAAP operating income $ 6,136 $ 3,654 $ 2,174 Stock-based compensation 280 262 217 Restructure and asset impairments — 38 — Other 3 1 3 Non-GAAP operating income $ 6,419 $ 3,955 $ 2,394 GAAP net income $ 5,240 $ 3,201 $ 1,870 Stock-based compensation 280 262 217 Restructure and asset impairments — 38 — Loss on debt prepayments 130 9 — Other (20) 1 — Estimated tax effects of above and other tax adjustments (148) (42) (50) Non-GAAP net income $ 5,482 $ 3,469 $ 2,037 GAAP weighted-average common shares outstanding - Diluted 1,138 1,131 1,122 Adjustment for stock-based compensation 10 14 16 Non-GAAP weighted-average common shares outstanding - Diluted 1,148 1,145 1,138 GAAP diluted earnings per share $ 4.60 $ 2.83 $ 1.67 Effects of the above adjustments 0.18 0.20 0.12 Non-GAAP diluted earnings per share $ 4.78 $ 3.03 $ 1.79 7 RECONCILIATION OF GAAP TO NON-GAAP MEASURES, Continued 1st Qtr. 4th Qtr. 1st Qtr. November 27, 2025 August 28, 2025 November 28, 2024 GAAP net cash provided by operating activities $ 8,411 $ 5,730 $ 3,244 Expenditures for property, plant, and equipment (5,389) (5,658) (3,206) Proceeds from sales of property, plant, and equipment 6 20 9 Proceeds from government incentives 878 711 65 Investments in capital expenditures, net (4,505) (4,927) (3,132) Adjusted free cash flow $ 3,906 $ 803 $ 112 The tables above reconcile GAAP to non-GAAP measures of gross margin, operating expenses, operating income, net income, diluted shares, diluted earnings per share, and adjusted free cash flow. The non-GAAP adjustments above may or may not be infrequent or nonrecurring in nature, but are a result of periodic or non-core operating activities. We believe this non-GAAP information is helpful in understanding trends and in analyzing our operating results and earnings. We are providing this information to investors to assist in performing analysis of our operating results. When evaluating performance and making decisions on how to allocate our resources, management uses this non-GAAP information and believes investors should have access to similar data when making their investment decisions. We believe these non-GAAP financial measures increase transparency by providing investors with useful supplemental information about the financial performance of our business, enabling enhanced comparison of our operating results between periods and with peer companies. The presentation of these adjusted amounts varies from amounts presented in accordance with U.S. GAAP and therefore may not be comparable to amounts reported by other companies. Our management excludes the following items as applicable in analyzing our operating results and understanding trends in our earnings: • Stock-based compensation; • Gains and losses from debt prepayments; • Restructure and asset impairments; and • The estimated tax effects of above, non-cash changes in net deferred income taxes, assessments of tax exposures, certain tax matters related to prior fiscal periods, and significant changes in tax law. The divergence between our GAAP and non-GAAP income tax (provision) benefit relates to the difference in our GAAP and non-GAAP estimated annual effective tax rates, which are computed separately. Non-GAAP diluted shares are adjusted for the impact of additional shares resulting from the exclusion of stock-based compensation from non-GAAP income. 8 MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK FQ2-26 GAAP Outlook Adjustments Non-GAAP Outlook Revenue $18.70 billion ± $400 million — $18.70 billion ± $400 million Gross margin 67.0% ± 1.0% 1.0% A 68.0% ± 1.0% Operating expenses $1.56 billion ± $20 million $180 million B $1.38 billion ± $20 million Diluted earnings per share (1) $8.19 ± $0.20 $0.23 A, B, C $8.42 ± $0.20 Non-GAAP Adjustments (in millions) A Stock-based compensation – cost of goods sold $ 125 B Stock-based compensation – research and development 119 B Stock-based compensation – sales, general, and administrative 61 C Tax effects of the above items and other tax adjustments (48) $ 257 (1) GAAP earnings per share based on approximately 1.14 billion diluted shares and non-GAAP earnings per share based on approximately 1.15 billion diluted shares. The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, additional restructuring activities, balance sheet valuation adjustments, strategic investments, financing transactions, and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control. 9

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paragraph:4: EX-99.1 EARNINGS RELEASE

paragraph:5: Document Exhibit 99.1 FOR IMMEDIATE RELEASE

paragraph:6: Contacts: Satya Kumar Mark Plungy Investor Relations Media Relations satyakumar@micron.com mplungy@micron.com (408) 450-6199 (408) 203-2910 MICRON TECHNOLOGY, INC. REPORTS RESULTS FOR THE THIRD QUARTER OF FISCAL 2025 Record revenue in fiscal Q3 with growth across end markets Fiscal Q4 revenue projected to grow another 15% sequentially BOISE, Idaho, June 25, 2025 – Micron Technology, Inc. (Nasdaq: MU) today announced results for its third quarter of fiscal 2025, which ended May 29, 2025. Fiscal Q3 2025 highlights • Revenue of $9.30 billion versus $8.05 billion for the prior quarter and $6.81 billion for the same period last year • GAAP net income of $1.89 billion, or $1.68 per diluted share • Non-GAAP net income of $2.18 billion, or $1.91 per diluted share • Operating cash flow of $4.61 billion versus $3.94 billion for the prior quarter and $2.48 billion for the same period last year “Micron delivered record revenue in fiscal Q3, driven by all-time-high DRAM revenue including nearly 50% sequential growth in HBM revenue. Data center revenue more than doubled year-over-year and reached a quarterly record, and consumer-oriented end markets had strong sequential growth,” said Sanjay Mehrotra, Chairman, President and CEO of Micron Technology. “We are on track to deliver record revenue with solid profitability and free cash flow in fiscal 2025, while we make disciplined investments to build on our technology leadership and manufacturing excellence to satisfy growing AI-driven memory demand.” Quarterly Financial Results (in millions, except per share amounts) GAAP (1) Non-GAAP (2) FQ3-25 FQ2-25 FQ3-24 FQ3-25 FQ2-25 FQ3-24 Revenue $ 9,301 $ 8,053 $ 6,811 $ 9,301 $ 8,053 $ 6,811 Gross margin 3,508 2,963 1,832 3,623 3,053 1,917 percent of revenue 37.7 % 36.8 % 26.9 % 39.0 % 37.9 % 28.1 % Operating expenses 1,339 1,190 1,113 1,133 1,046 976 Operating income 2,169 1,773 719 2,490 2,007 941 percent of revenue 23.3 % 22.0 % 10.6 % 26.8 % 24.9 % 13.8 % Net income 1,885 1,583 332 2,181 1,783 702 Diluted earnings per share 1.68 1.41 0.30 1.91 1.56 0.62 For the third quarter of 2025, investments in capital expenditures, net (2) were $2.66 billion and adjusted free cash flow (2) was $1.95 billion. Micron ended the quarter with cash, marketable investments, and restricted cash of $12.22 billion. On June 25, 2025, Micron’s Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on July 22, 2025, to shareholders of record as of the close of business on July 7, 2025. 1 Business Outlook The following table presents Micron’s guidance for the fourth quarter of 2025: FQ4-25 GAAP (1) Outlook Non-GAAP (2) Outlook Revenue $10.7 billion ± $300 million $10.7 billion ± $300 million Gross margin 41.0% ± 1.0% 42.0% ± 1.0% Operating expenses $1.35 billion ± $20 million $1.20 billion ± $20 million Diluted earnings per share $2.29 ± $0.15 $2.50 ± $0.15 Further information regarding Micron’s business outlook is included in the prepared remarks and slides, which have been posted at investors.micron.com . Investor Webcast Micron will host a conference call on Wednesday, June 25, 2025 at 2:30 p.m. Mountain Time to discuss its third quarter financial results and provide forward-looking guidance for its fourth quarter. A live webcast of the call will be available online at investors.micron.com . A webcast replay will be available for one year after the call. For Investor Relations and other company updates, follow us on X @MicronTech. About Micron Technology, Inc. We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all . With a relentless focus on our customers, technology leadership, manufacturing, and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com . © 2025 Micron Technology, Inc. All rights reserved. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners. Forward-Looking Statements This press release contains forward-looking statements regarding our technologies, demand for our products, our investments, our industry and our financial and operating results, including our expectations and guidance for the fourth quarter of 2025 and full fiscal year. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents we file with the Securities and Exchange Commission, including our most recent Form 10-K and our upcoming Form 10-Q. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at investors.micron.com/risk-factor . Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements to conform these statements to actual results. (1) GAAP represents U.S. Generally Accepted Accounting Principles. (2) Non-GAAP represents GAAP excluding the impact of certain activities, which management excludes in analyzing our operating results and understanding trends in our earnings, adjusted free cash flow, and business outlook. Further information regarding Micron’s use of non-GAAP measures and reconciliations between GAAP and non-GAAP measures are included within this press release. 2 MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share amounts) (Unaudited) 3rd Qtr. 2nd Qtr. 3rd Qtr. Nine Months Ended May 29, 2025 February 27, 2025 May 30, 2024 May 29, 2025 May 30, 2024 Revenue $ 9,301 $ 8,053 $ 6,811 $ 26,063 $ 17,361 Cost of goods sold 5,793 5,090 4,979 16,244 14,485 Gross margin 3,508 2,963 1,832 9,819 2,876 Research and development 965 898 850 2,751 2,527 Selling, general, and administrative 318 285 291 891 834 Other operating (income) expense, net 56 7 (28) 61 (267) Operating income (loss) 2,169 1,773 719 6,116 (218) Interest income 135 108 136 350 398 Interest expense (123) (112) (150) (353) (426) Other non-operating income (expense), net (68) (11) 10 (90) (24) 2,113 1,758 715 6,023 (270) Income tax (provision) benefit (235) (177) (377) (695) 172 Equity in net income (loss) of equity method investees 7 2 (6) 10 (11) Net income (loss) $ 1,885 $ 1,583 $ 332 $ 5,338 $ (109) Earnings (loss) per share Basic $ 1.69 $ 1.42 $ 0.30 $ 4.79 $ (0.10) Diluted 1.68 1.41 0.30 4.75 (0.10) Number of shares used in per share calculations Basic 1,118 1,115 1,107 1,114 1,104 Diluted 1,125 1,123 1,123 1,123 1,104 3 MICRON TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) As of May 29, 2025 February 27, 2025 August 29, 2024 Assets Cash and cash equivalents $ 10,163 $ 7,552 $ 7,041 Short-term investments 648 663 1,065 Receivables 7,436 6,504 6,615 Inventories 8,727 9,007 8,875 Other current assets 945 963 776 Total current assets 27,919 24,689 24,372 Long-term marketable investments 1,402 1,375 1,046 Property, plant, and equipment 44,773 42,528 39,749 Operating lease right-of-use assets 628 637 645 Intangible assets 426 423 416 Deferred tax assets 483 552 520 Goodwill 1,150 1,150 1,150 Other noncurrent assets 1,616 1,699 1,518 Total assets $ 78,397 $ 73,053 $ 69,416 Liabilities and equity Accounts payable and accrued expenses $ 8,761 $ 6,176 $ 7,299 Current debt 538 504 431 Other current liabilities 836 1,197 1,518 Total current liabilities 10,135 7,877 9,248 Long-term debt 15,003 13,851 12,966 Noncurrent operating lease liabilities 600 599 610 Noncurrent unearned government incentives 603 836 550 Other noncurrent liabilities 1,308 1,257 911 Total liabilities 27,649 24,420 24,285 Commitments and contingencies Shareholders’ equity Common stock 126 126 125 Additional capital 12,960 12,711 12,115 Retained earnings 45,559 43,839 40,877 Treasury stock (7,852) (7,852) (7,852) Accumulated other comprehensive income (loss) (45) (191) (134) Total equity 50,748 48,633 45,131 Total liabilities and equity $ 78,397 $ 73,053 $ 69,416 4 MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) Nine Months Ended May 29, 2025 May 30, 2024 Cash flows from operating activities Net income (loss) $ 5,338 $ (109) Adjustments to reconcile net income (loss) to net cash provided by operating activities:

paragraph:7: Depreciation expense and amortization of intangible assets 6,203 5,794 Stock-based compensation 722 620 Change in operating assets and liabilities: Receivables (123) (2,562) Inventories 148 (125) Other current assets (206) (435) Accounts payable and accrued expenses 38 846 Other current liabilities (681) 769 Other 356 304 Net cash provided by operating activities 11,795 5,102 Cash flows from investing activities

paragraph:8: Expenditures for property, plant, and equipment (10,199) (5,266) Purchases of available-for-sale securities (1,203) (1,110) Proceeds from government incentives 1,294 267 Proceeds from maturities and sales of available-for-sale securities 1,249 1,433 Other (30) (35) Net cash used for investing activities (8,889) (4,711) Cash flows from financing activities

paragraph:9: Proceeds from issuance of debt 4,430 999 Repayments of debt (3,604) (1,816) Payments of dividends to shareholders (392) (384) Payments on equipment purchase contracts — (127) Other (220) (40) Net cash provided by (used for) financing activities 214 (1,368) Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash (3) (15) Net increase (decrease) in cash, cash equivalents, and restricted cash 3,117 (992) Cash, cash equivalents, and restricted cash at beginning of period 7,052 8,656 Cash, cash equivalents, and restricted cash at end of period $ 10,169 $ 7,664 5 MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP MEASURES (In millions, except per share amounts)

paragraph:10: 3rd Qtr. 2nd Qtr. 3rd Qtr. May 29, 2025 February 27, 2025 May 30, 2024 GAAP gross margin $ 3,508 $ 2,963 $ 1,832 Stock-based compensation 115 89 80 Other — 1 5 Non-GAAP gross margin $ 3,623 $ 3,053 $ 1,917 GAAP operating expenses $ 1,339 $ 1,190 $ 1,113 Stock-based compensation (148) (144) (137) Patent license charges (57) — — Other (1) — — Non-GAAP operating expenses $ 1,133 $ 1,046 $ 976 GAAP operating income $ 2,169 $ 1,773 $ 719 Stock-based compensation 263 233 217 Patent license charges 57 — — Other 1 1 5 Non-GAAP operating income $ 2,490 $ 2,007 $ 941 GAAP net income $ 1,885 $ 1,583 $ 332 Stock-based compensation 263 233 217 Patent license charges 57 — — Loss on debt prepayments 46 4 — Other 1 — 3 Estimated tax effects of above and other tax adjustments (71) (37) 150 Non-GAAP net income $ 2,181 $ 1,783 $ 702 GAAP weighted-average common shares outstanding - Diluted 1,125 1,123 1,123 Adjustment for stock-based compensation 19 20 13 Non-GAAP weighted-average common shares outstanding - Diluted 1,144 1,143 1,136 GAAP diluted earnings per share $ 1.68 $ 1.41 $ 0.30 Effects of the above adjustments 0.23 0.15 0.32 Non-GAAP diluted earnings per share $ 1.91 $ 1.56 $ 0.62 6 RECONCILIATION OF GAAP TO NON-GAAP MEASURES, Continued 3rd Qtr. 2nd Qtr. 3rd Qtr. May 29, 2025 February 27, 2025 May 30, 2024 GAAP net cash provided by operating activities $ 4,609 $ 3,942 $ 2,482 Expenditures for property, plant, and equipment (2,938) (4,055) (2,086) Payments on equipment purchase contracts — — (45) Proceeds from sales of property, plant, and equipment 12 7 41 Proceeds from government incentives 266 963 33 Investments in capital expenditures, net (2,660) (3,085) (2,057) Adjusted free cash flow $ 1,949 $ 857 $ 425 The tables above reconcile GAAP to non-GAAP measures of gross margin, operating expenses, operating income, net income, diluted shares, diluted earnings per share, and adjusted free cash flow. The non-GAAP adjustments above may or may not be infrequent or nonrecurring in nature but are a result of periodic or non-core operating activities. We believe this non-GAAP information is helpful in understanding trends and in analyzing our operating results and earnings. We are providing this information to investors to assist in performing analysis of our operating results. When evaluating performance and making decisions on how to allocate our resources, management uses this non-GAAP information and believes investors should have access to similar data when making their investment decisions. We believe these non-GAAP financial measures increase transparency by providing investors with useful supplemental information about the financial performance of our business, enabling enhanced comparison of our operating results between periods and with peer companies. The presentation of these adjusted amounts varies from amounts presented in accordance with U.S. GAAP and therefore may not be comparable to amounts reported by other companies. Our management excludes the following items as applicable in analyzing our operating results and understanding trends in our earnings: • Stock-based compensation; • Gains and losses from settlements; • Gains and losses from debt prepayments; • Restructure and asset impairments; and • The estimated tax effects of above, non-cash changes in net deferred income taxes, assessments of tax exposures, certain tax matters related to prior fiscal periods, and significant changes in tax law. The divergence between our GAAP and non-GAAP income tax provision relates to the difference in our GAAP and non-GAAP estimated annual effective tax rates, which are computed separately. Non-GAAP diluted shares are adjusted for the impact of additional shares resulting from the exclusion of stock-based compensation from non-GAAP income. 7 MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK FQ4-25 GAAP Outlook Adjustments Non-GAAP Outlook Revenue $10.7 billion ± $300 million — $10.7 billion ± $300 million Gross margin 41.0% ± 1.0% 1.0% A 42.0% ± 1.0% Operating expenses $1.35 billion ± $20 million $147 million B $1.20 billion ± $20 million Diluted earnings per share (1) $2.29 ± $0.15 $0.21 A, B, C $2.50 ± $0.15 Non-GAAP Adjustments (in millions) A Stock-based compensation – cost of goods sold $ 119 B Stock-based compensation – research and development 93 B Stock-based compensation – sales, general, and administrative 54 C Tax effects of the above items and other tax adjustments (27) $ 239 (1) GAAP earnings per share based on approximately 1.13 billion diluted shares and non-GAAP earnings per share based on approximately 1.15 billion diluted shares. The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, additional restructuring activities, balance sheet valuation adjustments, strategic investments, financing transactions, and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control. 8

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paragraph:4: EX-99.1 EARNINGS RELEASE

paragraph:5: Document Exhibit 99.1 FOR IMMEDIATE RELEASE

paragraph:6: Contacts: Satya Kumar Mark Plungy Investor Relations Media Relations satyakumar@micron.com mplungy@micron.com (408) 450-6199 (408) 203-2910 MICRON TECHNOLOGY, INC. REPORTS RESULTS FOR THE SECOND QUARTER OF FISCAL 2025 Micron HBM revenue crosses $1 billion milestone in fiscal Q2 Strong execution and robust AI demand drives record data center DRAM revenue BOISE, Idaho, March 20, 2025 – Micron Technology, Inc. (Nasdaq: MU) today announced results for its second quarter of fiscal 2025, which ended February 27, 2025. Fiscal Q2 2025 highlights • Revenue of $8.05 billion versus $8.71 billion for the prior quarter and $5.82 billion for the same period last year • GAAP net income of $1.58 billion, or $1.41 per diluted share • Non-GAAP net income of $1.78 billion, or $1.56 per diluted share • Operating cash flow of $3.94 billion versus $3.24 billion for the prior quarter and $1.22 billion for the same period last year “Micron delivered fiscal Q2 EPS above guidance and data center revenue tripled from a year ago,” said Sanjay Mehrotra, Chairman, President and CEO of Micron Technology. “We are extending our technology leadership with the launch of our 1-gamma DRAM node. We expect record quarterly revenue in fiscal Q3, with DRAM and NAND demand growth in both data center and consumer-oriented markets, and we are on track for record revenue and significantly improved profitability in fiscal 2025.” Quarterly Financial Results (in millions, except per share amounts) GAAP (1) Non-GAAP (2) FQ2-25 FQ1-25 FQ2-24 FQ2-25 FQ1-25 FQ2-24 Revenue $ 8,053 $ 8,709 $ 5,824 $ 8,053 $ 8,709 $ 5,824 Gross margin 2,963 3,348 1,079 3,053 3,441 1,163 percent of revenue 36.8 % 38.4 % 18.5 % 37.9 % 39.5 % 20.0 % Operating expenses 1,190 1,174 888 1,046 1,047 959 Operating income 1,773 2,174 191 2,007 2,394 204 percent of revenue 22.0 % 25.0 % 3.3 % 24.9 % 27.5 % 3.5 % Net income 1,583 1,870 793 1,783 2,037 476 Diluted earnings per share 1.41 1.67 0.71 1.56 1.79 0.42 For the second quarter of 2025, investments in capital expenditures, net (2) were $3.09 billion and adjusted free cash flow (2) was $857 million. Micron ended the quarter with cash, marketable investments, and restricted cash of $9.60 billion. On March 20, 2025, Micron’s Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on April 15, 2025, to shareholders of record as of the close of business on March 31, 2025. 1 Business Outlook The following table presents Micron’s guidance for the third quarter of 2025: FQ3-25 GAAP (1) Outlook Non-GAAP (2) Outlook Revenue $8.80 billion ± $200 million $8.80 billion ± $200 million Gross margin 35.5% ± 1.0% 36.5% ± 1.0% Operating expenses $1.27 billion ± $15 million $1.13 billion ± $15 million Diluted earnings per share $1.37 ± $0.10 $1.57 ± $0.10 Further information regarding Micron’s business outlook is included in the prepared remarks and slides, which have been posted at investors.micron.com . Investor Webcast Micron will host a conference call on Thursday, March 20, 2025 at 2:30 p.m. Mountain Time to discuss its second quarter financial results and provide forward-looking guidance for its third quarter. A live webcast of the call will be available online at investors.micron.com . A webcast replay will be available for one year after the call. For Investor Relations and other company updates, follow us on X @MicronTech. About Micron Technology, Inc. We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all . With a relentless focus on our customers, technology leadership, manufacturing, and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com . © 2025 Micron Technology, Inc. All rights reserved. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners. Forward-Looking Statements This press release contains forward-looking statements regarding our technologies, demand for our products, our industry and our financial and operating results, including our guidance for the third quarter of 2025. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents we file with the Securities and Exchange Commission, including our most recent Form 10-K and our upcoming Form 10-Q. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at investors.micron.com/risk-factor . Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements to conform these statements to actual results. (1) GAAP represents U.S. Generally Accepted Accounting Principles. (2) Non-GAAP represents GAAP excluding the impact of certain activities, which management excludes in analyzing our operating results and understanding trends in our earnings, adjusted free cash flow, and business outlook. Further information regarding Micron’s use of non-GAAP measures and reconciliations between GAAP and non-GAAP measures are included within this press release. 2 MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share amounts) (Unaudited) 2nd Qtr. 1st Qtr. 2nd Qtr. Six months ended February 27, 2025 November 28, 2024 February 29, 2024 February 27, 2025 February 29, 2024 Revenue $ 8,053 $ 8,709 $ 5,824 $ 16,762 $ 10,550 Cost of goods sold 5,090 5,361 4,745 10,451 9,506 Gross margin 2,963 3,348 1,079 6,311 1,044 Research and development 898 888 832 1,786 1,677 Selling, general, and administrative 285 288 280 573 543 Other operating (income) expense, net 7 (2) (224) 5 (239) Operating income (loss) 1,773 2,174 191 3,947 (937) Interest income 108 107 130 215 262 Interest expense (112) (118) (144) (230) (276) Other non-operating income (expense), net (11) (11) (7) (22) (34) 1,758 2,152 170 3,910 (985) Income tax (provision) benefit (177) (283) 622 (460) 549 Equity in net income (loss) of equity method investees 2 1 1 3 (5) Net income (loss) $ 1,583 $ 1,870 $ 793 $ 3,453 $ (441) Earnings (loss) per share Basic $ 1.42 $ 1.68 $ 0.72 $ 3.10 $ (0.40) Diluted 1.41 1.67 0.71 3.08 (0.40) Number of shares used in per share calculations Basic 1,115 1,111 1,104 1,113 1,102 Diluted 1,123 1,122 1,114 1,123 1,102 3 MICRON TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) As of February 27, 2025 November 28, 2024 August 29, 2024 Assets Cash and equivalents $ 7,552 $ 6,693 $ 7,041 Short-term investments 663 895 1,065 Receivables 6,504 7,423 6,615 Inventories 9,007 8,705 8,875 Other current assets 963 777 776 Total current assets 24,689 24,493 24,372 Long-term marketable investments 1,375 1,156 1,046 Property, plant, and equipment 42,528 41,476 39,749 Operating lease right-of-use assets 637 622 645 Intangible assets 423 419 416 Deferred tax assets 552 474 520 Goodwill 1,150 1,150 1,150 Other noncurrent assets 1,699 1,671 1,518 Total assets $ 73,053 $ 71,461 $ 69,416 Liabilities and equity Accounts payable and accrued expenses $ 6,176 $ 7,126 $ 7,299 Current debt 504 533 431 Other current liabilities 1,197 1,356 1,518 Total current liabilities 7,877 9,015 9,248 Long-term debt 13,851 13,252 12,966 Noncurrent operating lease liabilities 599 588 610 Noncurrent unearned government incentives 836 570 550 Other noncurrent liabilities 1,257 1,239 911 Total liabilities 24,420 24,664 24,285 Commitments and contingencies Shareholders’ equity Common stock 126 126 125 Additional capital 12,711 12,317 12,115 Retained earnings 43,839 42,427 40,877 Treasury stock (7,852) (7,852) (7,852) Accumulated other comprehensive income (loss) (191) (221) (134) Total equity 48,633 46,797 45,131 Total liabilities and equity $ 73,053 $ 71,461 $ 69,416 4 MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) Six months ended February 27, 2025 February 29, 2024 Cash flows from operating activities Net income (loss) $ 3,453 $ (441) Adjustments to reconcile net income (loss) to net cash provided by operating activities:

paragraph:7: Depreciation expense and amortization of intangible assets 4,109 3,839 Stock-based compensation 469 401 Change in operating assets and liabilities: Receivables 338 (1,759) Inventories (132) (57) Other current assets (204) (799) Accounts payable and accrued expenses (714) 573 Other current liabilities (321) 706 Other 188 157 Net cash provided by operating activities 7,186 2,620 Cash flows from investing activities

paragraph:8: Expenditures for property, plant, and equipment (7,261) (3,180) Purchases of available-for-sale securities (816) (465) Proceeds from government incentives 1,028 234 Proceeds from maturities and sales of available-for-sale securities 874 726 Other (125) (24) Net cash provided by (used for) investing activities (6,300) (2,709) Cash flows from financing activities

paragraph:9: Repayments of debt (2,626) (1,101) Payments of dividends to shareholders (261) (256) Payments on equipment purchase contracts — (82) Proceeds from issuance of debt 2,682 999 Other (121) (18) Net cash provided by (used for) financing activities (326) (458) Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash (49) (8) Net increase (decrease) in cash, cash equivalents, and restricted cash 511 (555) Cash, cash equivalents, and restricted cash at beginning of period 7,052 8,656 Cash, cash equivalents, and restricted cash at end of period $ 7,563 $ 8,101 5 MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP MEASURES (In millions, except per share amounts)

paragraph:10: 2nd Qtr. 1st Qtr. 2nd Qtr. February 27, 2025 November 28, 2024 February 29, 2024 GAAP gross margin $ 2,963 $ 3,348 $ 1,079 Stock-based compensation 89 90 80 Other 1 3 4 Non-GAAP gross margin $ 3,053 $ 3,441 $ 1,163 GAAP operating expenses $ 1,190 $ 1,174 $ 888 Stock-based compensation (144) (127) (129) Patent cross-license agreement gain — — 200 Non-GAAP operating expenses $ 1,046 $ 1,047 $ 959 GAAP operating income $ 1,773 $ 2,174 $ 191 Stock-based compensation 233 217 209 Patent cross-license agreement gain — — (200) Other 1 3 4 Non-GAAP operating income $ 2,007 $ 2,394 $ 204 GAAP net income $ 1,583 $ 1,870 $ 793 Stock-based compensation 233 217 209 Patent cross-license agreement gain — — (200) Other 4 — 2 Estimated tax effects of above and other tax adjustments (37) (50) (328) Non-GAAP net income $ 1,783 $ 2,037 $ 476 GAAP weighted-average common shares outstanding - Diluted 1,123 1,122 1,114 Adjustment for stock-based compensation 20 16 20 Non-GAAP weighted-average common shares outstanding - Diluted 1,143 1,138 1,134 GAAP diluted earnings per share $ 1.41 $ 1.67 $ 0.71 Effects of the above adjustments 0.15 0.12 (0.29) Non-GAAP diluted earnings per share $ 1.56 $ 1.79 $ 0.42 6 RECONCILIATION OF GAAP TO NON-GAAP MEASURES, Continued 2nd Qtr. 1st Qtr. 2nd Qtr. February 27, 2025 November 28, 2024 February 29, 2024 GAAP net cash provided by operating activities $ 3,942 $ 3,244 $ 1,219 Expenditures for property, plant, and equipment (4,055) (3,206) (1,384) Payments on equipment purchase contracts — — (26) Proceeds from sales of property, plant, and equipment 7 9 13 Proceeds from government incentives 963 65 149 Investments in capital expenditures, net (3,085) (3,132) (1,248) Adjusted free cash flow $ 857 $ 112 $ (29) The tables above reconcile GAAP to non-GAAP measures of gross margin, operating expenses, operating income, net income, diluted shares, diluted earnings per share, and adjusted free cash flow. The non-GAAP adjustments above may or may not be infrequent or nonrecurring in nature, but are a result of periodic or non-core operating activities. We believe this non-GAAP information is helpful in understanding trends and in analyzing our operating results and earnings. We are providing this information to investors to assist in performing analysis of our operating results. When evaluating performance and making decisions on how to allocate our resources, management uses this non-GAAP information and believes investors should have access to similar data when making their investment decisions. We believe these non-GAAP financial measures increase transparency by providing investors with useful supplemental information about the financial performance of our business, enabling enhanced comparison of our operating results between periods and with peer companies. The presentation of these adjusted amounts varies from amounts presented in accordance with U.S. GAAP and therefore may not be comparable to amounts reported by other companies. Our management excludes the following items as applicable in analyzing our operating results and understanding trends in our earnings: • Stock-based compensation; • Gains and losses from settlements; • Restructure and asset impairments; and • The estimated tax effects of above, non-cash changes in net deferred income taxes, assessments of tax exposures, certain tax matters related to prior fiscal periods, and significant changes in tax law. The divergence between our GAAP and non-GAAP income tax provision relates to the difference in our GAAP and non-GAAP estimated annual effective tax rates, which are computed separately. Non-GAAP diluted shares are adjusted for the impact of additional shares resulting from the exclusion of stock-based compensation from non-GAAP income. 7 MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK FQ3-25 GAAP Outlook Adjustments Non-GAAP Outlook Revenue $8.80 billion ± $200 million — $8.80 billion ± $200 million Gross margin 35.5% ± 1.0% 1.0% A 36.5% ± 1.0% Operating expenses $1.27 billion ± $15 million $144 million B $1.13 billion ± $15 million Diluted earnings per share (1) $1.37 ± $0.10 $0.20 A, B, C $1.57 ± $0.10 Non-GAAP Adjustments (in millions) A Stock-based compensation – cost of goods sold $ 106 B Stock-based compensation – research and development 89 B Stock-based compensation – sales, general, and administrative 55 C Tax effects of the above items and other tax adjustments (29) $ 221 (1) GAAP earnings per share based on approximately 1.13 billion diluted shares and non-GAAP earnings per share based on approximately 1.14 billion diluted shares. The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, additional restructuring activities, balance sheet valuation adjustments, strategic investments, financing transactions, and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control. 8

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paragraph:4: EX-99.1 EARNINGS RELEASE

paragraph:5: Document Exhibit 99.1 FOR IMMEDIATE RELEASE

paragraph:6: Contacts: Satya Kumar Mark Plungy Investor Relations Media Relations satyakumar@micron.com mplungy@micron.com (408) 450-6199 (408) 203-2910 MICRON TECHNOLOGY, INC. REPORTS RESULTS FOR THE FIRST QUARTER OF FISCAL 2025 Micron delivers record fiscal Q1 revenue, driven by strong AI demand Data center revenue grew over 40% sequentially and over 400% year over year BOISE, Idaho, December 18, 2024 – Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2025, which ended November 28, 2024. Fiscal Q1 2025 highlights • Revenue of $8.71 billion versus $7.75 billion for the prior quarter and $4.73 billion for the same period last year • GAAP net income of $1.87 billion, or $1.67 per diluted share • Non-GAAP net income of $2.04 billion, or $1.79 per diluted share • Operating cash flow of $3.24 billion versus $3.41 billion for the prior quarter and $1.40 billion for the same period last year “Micron delivered a record quarter, and our data center revenue surpassed 50% of our total revenue for the first time,” said Sanjay Mehrotra, President and CEO of Micron Technology. “While consumer-oriented markets are weaker in the near term, we anticipate a return to growth in the second half of our fiscal year. We continue to gain share in the highest margin and strategically important parts of the market and are exceptionally well positioned to leverage AI-driven growth to create substantial value for all stakeholders.” Quarterly Financial Results (in millions, except per share amounts) GAAP (1) Non-GAAP (2) FQ1-25 FQ4-24 FQ1-24 FQ1-25 FQ4-24 FQ1-24 Revenue $ 8,709 $ 7,750 $ 4,726 $ 8,709 $ 7,750 $ 4,726 Gross margin 3,348 2,737 (35) 3,441 2,826 37 percent of revenue 38.4 % 35.3 % (0.7 %) 39.5 % 36.5 % 0.8 % Operating expenses 1,174 1,215 1,093 1,047 1,081 992 Operating income (loss) 2,174 1,522 (1,128) 2,394 1,745 (955) percent of revenue 25.0 % 19.6 % (23.9 %) 27.5 % 22.5 % (20.2 %) Net income (loss) 1,870 887 (1,234) 2,037 1,342 (1,048) Diluted earnings (loss) per share 1.67 0.79 (1.12) 1.79 1.18 (0.95) Investments in capital expenditures, net (2) were $3.13 billion for the first quarter of 2025 , which resulted i n adjusted free cash flows (2) of $112 million for the first quarter of 2025. Micron ended the quarter with cash, marketable investments, and restricted cash of $8.75 billion. On December 18, 2024, Micron’s Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on January 15, 2025, to shareholders of record as of the close of business on December 30, 2024. 1 Business Outlook The following table presents Micron’s guidance for the second quarter of 2025: FQ2-25 GAAP (1) Outlook Non-GAAP (2) Outlook Revenue $7.90 billion ± $200 million $7.90 billion ± $200 million Gross margin 37.5% ± 1.0% 38.5% ± 1.0% Operating expenses $1.24 billion ± $15 million $1.10 billion ± $15 million Diluted earnings per share $1.26 ± $0.10 $1.43 ± $0.10 Further information regarding Micron’s business outlook is included in the prepared remarks and slides, which have been posted at investors.micron.com . Investor Webcast Micron will host a conference call on Wednesday, December 18, 2024 at 2:30 p.m. Mountain Time to discuss its first quarter financial results and provide forward-looking guidance for its second quarter. A live webcast of the call will be available online at investors.micron.com . A webcast replay will be available for one year after the call. For Investor Relations and other company updates, follow us on X @MicronTech. About Micron Technology, Inc. We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all . With a relentless focus on our customers, technology leadership, manufacturing, and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com . © 2024 Micron Technology, Inc. All rights reserved. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners. Forward-Looking Statements This press release contains forward-looking statements regarding our industry, our strategic focus, demand for our products, and our financial and operating results, including our guidance for the second quarter of 2025. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents we file with the Securities and Exchange Commission, including our most recent Form 10-K and our upcoming Form 10-Q. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at investors.micron.com/risk-factor . Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements to conform these statements to actual results. (1) GAAP represents U.S. Generally Accepted Accounting Principles. (2) Non-GAAP represents GAAP excluding the impact of certain activities, which management excludes in analyzing our operating results and understanding trends in our earnings, adjusted free cash flow, and business outlook. Further information regarding Micron’s use of non-GAAP measures and reconciliations between GAAP and non-GAAP measures are included within this press release. 2 MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share amounts) (Unaudited) 1st Qtr. 4th Qtr. 1st Qtr. November 28, 2024 August 29, 2024 November 30, 2023 Revenue $ 8,709 $ 7,750 $ 4,726 Cost of goods sold 5,361 5,013 4,761 Gross margin 3,348 2,737 (35) Research and development 888 903 845 Selling, general, and administrative 288 295 263 Other operating (income) expense, net (2) 17 (15) Operating income (loss) 2,174 1,522 (1,128) Interest income 107 131 132 Interest expense (118) (136) (132) Other non-operating income (expense), net (11) (7) (27) 2,152 1,510 (1,155) Income tax (provision) benefit (283) (623) (73) Equity in net income (loss) of equity method investees 1 — (6) Net income (loss) $ 1,870 $ 887 $ (1,234) Earnings (loss) per share Basic $ 1.68 $ 0.80 $ (1.12) Diluted 1.67 0.79 (1.12) Number of shares used in per share calculations Basic 1,111 1,108 1,100 Diluted 1,122 1,125 1,100 3 MICRON TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) As of November 28, 2024 August 29, 2024 Assets Cash and equivalents $ 6,693 $ 7,041 Short-term investments 895 1,065 Receivables 7,423 6,615 Inventories 8,705 8,875 Other current assets 777 776 Total current assets 24,493 24,372 Long-term marketable investments 1,156 1,046 Property, plant, and equipment 41,476 39,749 Operating lease right-of-use assets 622 645 Intangible assets 419 416 Deferred tax assets 474 520 Goodwill 1,150 1,150 Other noncurrent assets 1,671 1,518 Total assets $ 71,461 $ 69,416 Liabilities and equity Accounts payable and accrued expenses $ 7,126 $ 7,299 Current debt 533 431 Other current liabilities 1,356 1,518 Total current liabilities 9,015 9,248 Long-term debt 13,252 12,966 Noncurrent operating lease liabilities 588 610 Noncurrent unearned government incentives 570 550 Other noncurrent liabilities 1,239 911 Total liabilities 24,664 24,285 Commitments and contingencies Shareholders’ equity Common stock 126 125 Additional capital 12,317 12,115 Retained earnings 42,427 40,877 Treasury stock (7,852) (7,852) Accumulated other comprehensive income (loss) (221) (134) Total equity 46,797 45,131 Total liabilities and equity $ 71,461 $ 69,416 4 MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) Three months ended November 28, 2024 November 30, 2023 Cash flows from operating activities Net income (loss) $ 1,870 $ (1,234) Adjustments to reconcile net income (loss) to net cash provided by operating activities:

paragraph:7: Depreciation expense and amortization of intangible assets 2,030 1,915 Stock-based compensation 220 188 Change in operating assets and liabilities: Receivables (817) (501) Inventories 170 111 Accounts payable and accrued expenses (241) 271 Other current liabilities (161) 579 Other 173 72 Net cash provided by operating activities 3,244 1,401 Cash flows from investing activities

paragraph:8: Expenditures for property, plant, and equipment (3,206) (1,796) Purchases of available-for-sale securities (377) (199) Proceeds from maturities and sales of available-for-sale securities 428 374 Proceeds from government incentives 65 85 Other (58) (22) Net cash provided by (used for) investing activities (3,148) (1,558) Cash flows from financing activities

paragraph:9: Payments of dividends to shareholders (131) (129) Repayments of debt (84) (53) Payments on equipment purchase contracts — (56) Other (207) (114) Net cash provided by (used for) financing activities (422) (352) Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash (29) (1) Net increase (decrease) in cash, cash equivalents, and restricted cash (355) (510) Cash, cash equivalents, and restricted cash at beginning of period 7,052 8,656 Cash, cash equivalents, and restricted cash at end of period $ 6,697 $ 8,146 5 MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP MEASURES (In millions, except per share amounts)

paragraph:10: 1st Qtr. 4th Qtr. 1st Qtr. November 28, 2024 August 29, 2024 November 30, 2023 GAAP gross margin $ 3,348 $ 2,737 $ (35) Stock-based compensation 90 85 67 Other 3 4 5 Non-GAAP gross margin $ 3,441 $ 2,826 $ 37 GAAP operating expenses $ 1,174 $ 1,215 $ 1,093 Stock-based compensation (127) (128) (115) Other — (6) 14 Non-GAAP operating expenses $ 1,047 $ 1,081 $ 992 GAAP operating income (loss) $ 2,174 $ 1,522 $ (1,128) Stock-based compensation 217 213 182 Other 3 10 (9) Non-GAAP operating income (loss) $ 2,394 $ 1,745 $ (955) GAAP net income (loss) $ 1,870 $ 887 $ (1,234) Stock-based compensation 217 213 182 Other — 6 (10) Estimated tax effects of above and other tax adjustments (50) 236 14 Non-GAAP net income (loss) $ 2,037 $ 1,342 $ (1,048) GAAP weighted-average common shares outstanding - Diluted 1,122 1,125 1,100 Adjustment for stock-based compensation 16 12 — Non-GAAP weighted-average common shares outstanding - Diluted 1,138 1,137 1,100 GAAP diluted earnings (loss) per share $ 1.67 $ 0.79 $ (1.12) Effects of the above adjustments 0.12 0.39 0.17 Non-GAAP diluted earnings (loss) per share $ 1.79 $ 1.18 $ (0.95) 6 RECONCILIATION OF GAAP TO NON-GAAP MEASURES, Continued 1st Qtr. 4th Qtr. 1st Qtr. November 28, 2024 August 29, 2024 November 30, 2023 GAAP net cash provided by operating activities $ 3,244 $ 3,405 $ 1,401 Expenditures for property, plant, and equipment (3,206) (3,120) (1,796) Payments on equipment purchase contracts — (22) (56) Proceeds from sales of property, plant, and equipment 9 12 33 Proceeds from government incentives 65 48 85 Investments in capital expenditures, net (3,132) (3,082) (1,734) Adjusted free cash flow $ 112 $ 323 $ (333) The tables above reconcile GAAP to non-GAAP measures of gross margin, operating expenses, operating income (loss), net income (loss), diluted shares, diluted earnings (loss) per share, and adjusted free cash flow. The non-GAAP adjustments above may or may not be infrequent or nonrecurring in nature, but are a result of periodic or non-core operating activities. We believe this non-GAAP information is helpful in understanding trends and in analyzing our operating results and earnings. We are providing this information to investors to assist in performing analysis of our operating results. When evaluating performance and making decisions on how to allocate our resources, management uses this non-GAAP information and believes investors should have access to similar data when making their investment decisions. We believe these non-GAAP financial measures increase transparency by providing investors with useful supplemental information about the financial performance of our business, enabling enhanced comparison of our operating results between periods and with peer companies. The presentation of these adjusted amounts varies from amounts presented in accordance with U.S. GAAP and therefore may not be comparable to amounts reported by other companies. Our management excludes the following items as applicable in analyzing our operating results and understanding trends in our earnings: • Stock-based compensation; • Gains and losses from settlements; • Restructure and asset impairments; • Goodwill impairment; and • The estimated tax effects of above, non-cash changes in net deferred income taxes, assessments of tax exposures, certain tax matters related to prior fiscal periods, and significant changes in tax law. The divergence between our GAAP and non-GAAP income tax provision relates to the difference in our GAAP and non-GAAP estimated annual effective tax rates, which are computed separately. Non-GAAP diluted shares are adjusted for the impact of additional shares resulting from the exclusion of stock-based compensation from non-GAAP income (loss). 7 MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK FQ2-25 GAAP Outlook Adjustments Non-GAAP Outlook Revenue $7.90 billion ± $200 million — $7.90 billion ± $200 million Gross margin 37.5% ± 1.0% 1.0% A 38.5% ± 1.0% Operating expenses $1.24 billion ± $15 million $140 million B $1.10 billion ± $15 million Diluted earnings per share (1) $1.26 ± $0.10 $0.17 A, B, C $1.43 ± $0.10 Non-GAAP Adjustments (in millions) A Stock-based compensation – cost of goods sold $ 78 B Stock-based compensation – research and development 85 B Stock-based compensation – sales, general, and administrative 55 C Tax effects of the above items and other tax adjustments (24) $ 194 (1) GAAP earnings per share based on approximately 1.12 billion diluted shares and non-GAAP earnings per share based on approximately 1.14 billion diluted shares. The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, additional restructuring activities, balance sheet valuation adjustments, strategic investments, financing transactions, and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control. 8