Micron Technology — Mar 18, 2026 release

RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK FQ3-26 GAAP Outlook Adjustments Non-GAAP Outlook Revenue $33.5 billion ± $750 million —  $33.5 billion ± $750 million Gross margin Approximately 81% —  A Approximately 81% Operating expenses Approximately $1.60 billion $200 million B Approximately $1.40 billion Diluted earnings per share (1) $18.90 ± $0.40 $0.25 A, B, C $19.15 ± $0.40 Non-GAAP Adjustments (in millions) A Stock-based compensation – cost of goods sold $ 141  B Stock-based compensation – research and development 132  B Stock-based compensation – sales, general, and administrative 68  C Tax effects of the above items and other tax adjustments (52) $ 289  (1) GAAP earnings per share based on approximately 1.14 billion diluted shares and non-GAAP earnings per share based on approximately 1.15 billion diluted shares. The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, additional restructuring activities, balance sheet valuation adjustments, strategic investments, financing transactions, and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control. 9