Micron Technology — Dec 17, 2025 release

1 Quarterly Business Unit Financial Results FQ1-26 FQ4-25 FQ1-25 Cloud Memory Business Unit Revenue $ 5,284  $ 4,543  $ 2,648  Gross margin 66  % 59  % 51  % Operating margin 55  % 48  % 40  % Core Data Center Business Unit Revenue $ 2,379  $ 1,577  $ 2,292  Gross margin 51  % 41  % 50  % Operating margin 37  % 25  % 38  % Mobile and Client Business Unit Revenue $ 4,255  $ 3,760  $ 2,608  Gross margin 54  % 36  % 27  % Operating margin 47  % 29  % 15  % Automotive and Embedded Business Unit Revenue $ 1,720  $ 1,434  $ 1,158  Gross margin 45  % 31  % 20  % Operating margin 36  % 20  % 7  % Business Outlook The following table presents Micron’s guidance for the second quarter of 2026: FQ2-26 GAAP (1) Outlook Non-GAAP (2) Outlook Revenue $18.70 billion ± $400 million $18.70 billion ± $400 million Gross margin 67.0% ± 1.0% 68.0% ± 1.0% Operating expenses $1.56 billion ± $20 million $1.38 billion ± $20 million Diluted earnings per share $8.19 ± $0.20 $8.42 ± $0.20 Further information regarding Micron’s business outlook is included in the prepared remarks and slides, which have been posted at investors.micron.com . Investor Webcast Micron will host a conference call on Wednesday, December 17, 2025 at 2:30 p.m. Mountain Time to discuss its first quarter financial results and provide forward-looking guidance for its second quarter. A live webcast of the call will be available online at investors.micron.com . A webcast replay will be available for one year after the call. We encourage you to visit our website at micron.com throughout the quarter for the most current information on the company, including information on financial conferences that we may be attending. You can also follow us on LinkedIn, X (@MicronTech) and YouTube (@MicronTechnology). 2 About Micron Technology, Inc. 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, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and stora