2. Micron Technology
Financial Conference Call
Fi i lC f C ll
Third Quarter of Fiscal 2008
© 2008 Micron Technology, Inc. All rights reserved. Products are warranted only to meet Micron’s production data sheet specifications. 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. Dates are estimates only. Drawings not to scale. Micron and
the Micron logo are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.
© 2008 Micron Technology, Inc. |
June 2008 2
MICRON CONFIDENTIAL

3. Safe Harbor
During the course of this meeting, we may make projections or other forward-
looking statements regarding future events of the future financial performance of
the Company and the industry. We wish to caution you that such statements are
industry
predictions and that actual events or results may differ materially. We refer you to
the documents the Company files on a consolidated basis from time to time with
Secu t es and c a ge Commission, spec ca y t e Co pa y s most recent Form
Securities a d Exchange Co ss o , specifically the Company’s ost ece t o
10-K and Form 10-Q. These documents contain and identify important factors that
could cause the actual results for the Company on a consolidated basis 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 f
f f forward-
looking statements after the date of the presentation to conform these statements
to actual results.
© 2008 Micron Technology, Inc. |
June 2008 3

4. Ron Foster
CFO and VP of Finance
© 2008 Micron Technology, Inc. |
June 2008 4

5. Financial Summary
Q3-08 Q2-08
Dollars in millions, except per share
Net Sales $1,498 $1,359
Gross margin 48 (43)
Operating (loss) (225) (772)
Income tax (provision) (13) 4
Non-controlling interests in net (
g (income) loss
) 8 ()
(6)
Net (loss) (236) (777)
Diluted (loss) per share ($0.30)
($0 30) ($1.01)
($1 01)
Shares in diluted EPS calc 772.8 772.4
© 2008 Micron Technology, Inc. |
June 2008 5

6. Operating Expenses
D ll i illi
Dollars in millions
$243
$195
$184 $180
$170
$163
R&D
$153 SG&A
$143
$134
$120 $116
$
$112
FQ2-07 FQ3-07 FQ4-07 FQ1-08 FQ2-08 FQ3-08
© 2008 Micron Technology, Inc. |
June 2008 6

7. Capital Expenditures
Dollars in millions
$3,244
$777
$2,157
Q3
$577 $1,207
Q2
$693
Q1 $1,260
$887
FYTD2008 FYTD2007
© 2008 Micron Technology, Inc. |
June 2008 7

8. Mike Sadler
VP of Worldwide Sales
© 2008 Micron Technology, Inc. |
June 2008 8

9. Memory Pricing
NAND & DRAM Average (Trade) ASPs
DRAM Avg ASP / 1Gb DDR2
NAND Flash Avg ASP / 8Gb MLC
$4.0
$3.5
$3.0
$2.5
$2 5
$2.0
$1.5
Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08
Source: DRAM eXchange
© 2008 Micron Technology, Inc. |
June 2008 9

10. PC Memory Content vs. PC Unit Shipments
Desktop MB/System Notebook MB/System
Notebook Units Desktop Units
100 3,000
80 2,400
Deskto Notebook Units in Millions
Ave
erage MB per Syste
s
1,800
60
1,200
40
op,
em
Growth Growth Growth
’06 – ’07 ’07 – ’08 ’08 – ’09 600
20
56% 56% 33%
2004 2005 2006 2007 2008 2009
Average Average Average Average Average Average
413 MB 555 MB 772 MB 1207 MB 1882 MB 2499 MB
0
0
Q1-04
Q2-04
Q3-04
Q4-04
Q1-05
Q2-05
Q3-06
Q4-05
Q1-06
Q2-06
Q3-06
Q4-06
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Q3-08
Q4-08
Q1-09
Q2-09
Q3-09
Q4-09
All data is in calendar quarters
Q2-08 – Q4-09 Forecast
Source: iSuppli
© 2008 Micron Technology, Inc. |
June 2008 10

11. Micron’s Module Density Transition
DDR2
8GB
100%
2GB
2GB 4GB
2GB
75%
2GB
2GB
2GB
1GB
50%
1GB 1GB
1GB
1GB
25%
512MB
1GB
256MB
0%
FQ3-07 FQ4-07 FQ1-08 FQ2-08 FQ3-08
© 2008 Micron Technology, Inc. |
June 2008 11

12. Estimated DRAM & NAND 300mm Production
Micron Samsung Hynix
80%
mory Productio on 300mm
m
Percent of 300mm Memory Production
on
P
40%
m
Percentage of Mem
0%
2007 2008
Source: Micron Market Research
© 2008 Micron Technology, Inc. |
June 2008 12

13. Handset Memory Content
2,011
2000
DRAM NAND*
50% 178%
1500
YoY Growth YoY Growth
tem
2007-2008 2007-2008 1,182
1 182
Avera MB per Syst
DRAM
1000
NAND
age
526
500
189
73
51
36
28 24
12
0
2006 2007 2008 2009 2010
* Embedded Only
E b dd d O l
2008 – 2010 Forecast
Sources: Gartner, Micron Market Research
© 2008 Micron Technology, Inc. |
June 2008 13

14. Total NAND Market by Application
12,000
Other
10,000
,
NAN in Billion of of MB
Non-Mobile
lions MB
Flash Cards
8,000 NAND
147%
ns
Mobile Handsets
NAND in Bill
YoY Growth
6,000 2007-2008
USB Drives
ND
4,000
MP3 Players
(Flash Based)
2,000
Computing
g
0
2007 2008 2009
Mobile Handsets = cards + embedded
Computing = SSD, Hybrid HDD, and PC Cache
Other = Portable gaming, Set Top Boxes, Other consumer
2008 – 2012 Forecast
Source: iSuppli, Gartner, Micron Market Research
© 2008 Micron Technology, Inc. |
June 2008 14

15. RealSSD: The Coming Revolution
Notebook Penetration
40%
35%
30%
25%
20% iSuppli 1Q08
15%
10%
Gartner 1Q08
5%
0%
2007 2008 2009 2010 2011 2012
2008 – 2012 Forecast
© 2008 Micron Technology, Inc. |
June 2008 15

16. Continued Technology Innovation
68nm
1Gb DRAM
Log Cell Size
58nm
1Gb DRAM
34nm
32Gb NAND
Today
DRAM NAND
© 2008 Micron Technology, Inc. |
June 2008 16