Micron Technology Investor Presentation — September 2019

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©2019 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. All information is provided on an “AS IS” basis without warranties of any kind. Statements

regarding products, including statements regarding product features, availability, functionality, or compatibility, are provi dedfor informational purposes only and do not modify the warranty, if any, applicable to any product. Drawings

may not be to scale. 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. Financial Results

FQ4 2019Safe Harbor Statement

September 26, 2019 2During 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.September 26, 2019 3Sanjay Mehrotra

President and CEOStrong Execution Against Backdrop of Challenging Industry Environment

▪FQ4-19: Results exceeded guidance ranges

▪FY-19: 2nd best year in Micron history for revenue, free cash flow, earnings

Continued Excellent Progress on Key Strategic Objectives

▪Improved structural profitability

▪Reduced technology gap with competitors

▪Strengthened product portfolio

Executed $2.7 Billion of Share Repurchases

▪65% of FY -19 free cash flow

Market Environment Broadly Consistent with Expectations

▪DRAM demand bounced back as issues impacting first half 2019 dissipated

▪NAND elasticity driving robust demand growth

▪Demand recovery is encouraging, but we remain mindful of macroeconomic and trade uncertaintiesOverview