Micron Technology Investor Presentation — June 2022

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respective owners.Financial Results

FQ3 2022Safe Harbor Statement2

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

regarding market demand and supply, 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 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 to conform these statements

June 30, 2022June 30, 2022Sanjay Mehrotra

▪Delivered record quarterly revenue with strong profitability and free cash flow;

achieved revenue records in the auto, industrial, and networking markets, and

in SSDs for both data center and client

▪NAND business delivered record quarterly revenue, and Embedded Business

Unit and Storage Business Unit NAND revenues also hit all -time highs

▪Our 1 -alpha DRAM and 176 -layer NAND ramps are several quarters ahead of

the industry and progressing well as we continue to qualify new products that

▪Consumer demand and inventory -related headwinds impacting the industry and

consequently our FQ4 outlook

▪Remain confident about the secular demand for memory and storage, the

attractiveness of our market opportunity, Micron’s excellent competitive position