The company's outstanding capped call transactions are anti-dilutive in GAAP earnings per share but are expected to mitigate the dilutive effect of the company's convertible notes. In periods with non-GAAP income attributable to Micron, non-GAAP diluted shares include the impact of the capped calls, based on the average share price for the period that the capped calls are outstanding. Non-GAAP shares are also adjusted for the offsetting impact of additional shares resulting from the exclusion of stock-based compensation from non-GAAP income.

Contacts:
Shanye Hudson
Investor Relations
shudson@micron.com
(208) 492-1205

Marc Musgrove
Media Relations
mmusgrove@micron.com
(208) 363-2405