Micron Technology — Jun 24, 2026 release

RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK FQ4-26 GAAP Outlook Adjustments Non-GAAP Outlook Revenue $50.0 billion ± $1.0 billion —  $50.0 billion ± $1.0 billion Gross margin Approximately 86% —  % A Approximately 86% Operating expenses Approximately $1.86 billion $205 million B Approximately $1.65 billion Diluted earnings per share (1) $30.73 ± $1.00 $0.27 A, B, C $31.00 ± $1.00 Non-GAAP Adjustments (in millions) A Stock-based compensation – cost of goods sold $ 159  B Stock-based compensation – research and development 138  B Stock-based compensation – sales, general, and administrative 67  C Tax effects of the above items and other tax adjustments (55) $ 309  (1) GAAP earnings per share 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