Micron Technology Investor Presentation — June 2019

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3Safe Harbor Statement

During the course of this meeting, we may make projections or other forward -looking statements

regarding future events or the future financial performance of the Company and the industry. We

wish to caution you that such statements are predictions and that actual events or results may

differ materially. We refer you to the documents the Company files from time to time with the

Securities and Exchange Commission, specifically the Company’s most recent Form 10 -K and

Form 10 -Q. These documents contain and identify important factors that could cause the actual

results for the Company to differ materially from those contained in our projections or forward -

looking statements. These certain factors can be found at http://www.micron.com/certainfactors.

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 after the date of the

presentation to conform these statements to actual results.

June 25, 2019Sanjay Mehrotra

June 25, 2019 5FQ3-19 Highlights

▪Delivered solid results despite headwinds of industry oversupply and steeper than expected price declines, reflecting

technology advancement and product cost reduction

▪Healthy balance sheet, structurally improved profitability, and winning team position us well for when industry

environment recovers

▪Long -term demand outlook for memory and storage is robust, driven by broad secular trends such as AI, autonomous

vehicles, 5G and IoT

▪Customer inventory corrections have proceeded broadly in line with our expectations in most end markets and reinforces

confidence in return to healthy Y/Y DRAM bit demand growth in 2HCY19; NAND bit demand is also increasing in most

markets as elasticity kicks in