MICRON TECHNOLOGY, INC. Exhibit 11.1 Computation of Per Share Earnings (Amounts in millions except per share amounts) Year Ended ---------------------------------------- September 1, September 2, September 3, 1994 1993 1992 ------------ ------------ ------------ PRIMARY Weighted average shares outstanding 101.2 98.2 94.5 Net effect of dilutive stock options and warrants 3.3 2.0 2.8 -------- ------- -------- Total shares 104.5 100.2 97.3 ======== ======= ======== Net income $ 400.5 $ 104.1 $ 6.6 ======== ======= ======== Per share amount $ 3.83 $ 1.04 $ 0.07 ======== ======= ======== FULLY DILUTED Weighted average shares outstanding 101.2 98.2 94.5 Net effect of dilutive stock options and warrants 4.0 3.1 2.8 -------- ------- -------- Total shares 105.2 101.3 97.3 ======== ======= ======== Net income $ 400.5 $ 104.1 $ 6.6 ======== ======= ======== Per share amount $ 3.80 $ 1.03 $ 0.07 ======== ======= ========