Definitions of Commonly Used Terms As used herein, “we,” “our,” “us,” and similar terms include Micron Technology, Inc. and its consolidated subsidiaries, unless the context indicates otherwise.All period references are to our fiscal periods unless otherwise indicated. Abbreviations, acronyms, or terms that are commonly used or found in multiple 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, 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 Micron®, any associated logos, and all other Micron trademarks are the property of Micron. Other product names or trademarks that are not owned byMicron are for identification purposes only and may be the trademarks of their respective owners. Available Information Investors and others should note that we announce material, non-public information through a variety of means, including our investor relations website(investors.micron.com), filings with the U.S. Securities and Exchange Commission (“SEC”), press releases, public conference calls, blog posts(micron.com/about/blog), posts onX (@MicronTech), and webcasts. We use these channels to achieve broad, non-exclusionary distribution of informationto the public and for complying with our disclosure obligations under RegulationFD. Therefore, we encourage investors, the media, and others interested in Forward-Looking Statements This Form 10-Q contains trend information and other forward-looking statements that involve a number of risks and uncertainties.Such forward-lookingstatements may be identified by words such as “anticipate,” “expect,” “intend,” “pledge,” “committed,” “plan,” “opportunities,” “future,” “believe,” “target,” “ontrack,” “estimate,” “continue,” “likely,” “may,” “will,” “would,” “should,” “could,” and variations of such words and similar expressions. However, the absence ofthese words or similar expressions does not mean that a statement is not forward-looking. Specific forward-looking statements include, but are not limitedto, statements regarding expected production ramp of certain products; plans to invest in research and development; anticipated technologicaldevelopments and improvements in our products; potential change and impact in our effective tax rate; expectations related to construction, acquisition,expansion, and ramping of production and the contribution to our ability to supply customers of our facilities, including new memory manufacturing fabs inthe United States; estimated capital expenditures; payment of purchase obligations; receipt, timing, and utilization of government incentives and our ability PART I. FINANCIAL INFORMATIONITEM 1. FINANCIAL STATEMENTS Micron Technology, Inc.Consolidated Balance Sheets (In millions, except par value amounts)(Unaudited) Micron Technology, Inc. (In millions, except per share amounts)(Unaudited) Micron Technology, Inc. (In millions, except per share amounts)(Unaudited) Micron Technology, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (All tabular amounts in millions, except per share amounts)(Unaudited) Note 1. Significant Accounting Policies For a discussion of our significant accounting policies, see PartII, Item8. Financial Statements and Supplementary Data, Notes to Consolidated FinancialStatements, Note 1. Significant Accounting Policies of our Annual Report on Form10-K for the year ended August28, 2025. There have been no changesto our significant accounting policies since our Annual Report on Form 10-K for the year ended August28, 2025. Basis of Presentation The accompanying consolidated financial statements include the accounts of Micron Technology, Inc. and our consolidated subsidiaries and have beenprepared in accordance with accounting principles generally accepted in the United States of America (“U.S.GAAP”), consistent in all material respects withthose applied in our Annual Report on Form10-K for the year ended August28, 2025. In the opinion of our management, the accompanying unaudited consolidated financial statements contain all necessary adjustments, consisting of a normalrecurring nature, to fairly state the financial information set forth herein. Certain reclassifications have been made to prior-period amounts to conform to Our fiscal year is the 52- or 53-week period ending on the Thursday closest to August31. Fiscal year 2026 contains 53 weeks and fiscal year 2025 contains52weeks. Our fourth quarter of fiscal year 2026 contains 14 weeks. All period references are to our fiscal periods unless otherwise indicated. These interimfinancial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Re