Exhibit 11 MICRON TECHNOLOGY, INC. Computation of Per Share Amounts (Amounts in millions except for per share amounts) June 1, June 2, Quarter Ended 1995 1994 - ------------------------------------------------------------------- PRIMARY Weighted average shares outstanding 205.6 203.2 Stock options using average market price 9.5 8.1 -------- -------- Total shares 215.1 211.3 Net income $ 220.2 $ 104.3 Per share amount $1.02 $0.49 ===== ===== FULLY DILUTED Weighted average shares outstanding 205.6 203.2 Stock options using greater of average or ending market price 10.2 8.2 -------- -------- Total shares 215.8 211.4 Net income $ 220.2 $ 104.3 Per share amount $1.02 $0.49 ===== ===== 14 Exhibit 11 MICRON TECHNOLOGY, INC. Computation of Per Share Amounts (Amounts in millions except for per share amounts) June 1, June 2, Nine Months Ended 1995 1994 - ------------------------------------------------------------------- PRIMARY Weighted average shares outstanding 204.8 202.0 Stock options using average market price 7.9 6.2 -------- -------- Total shares 212.7 208.2 Net income $ 563.0 $ 258.6 Per share amount $2.65 $1.24 ===== ===== FULLY DILUTED Weighted average shares outstanding 204.8 202.0 Stock options using greater of average or ending market price 9.9 7.8 -------- -------- Total shares 214.7 209.8 Net income $ 563.0 $ 258.6 Per share amount $2.62 $1.23 ===== ===== 15