Exhibit 11 MICRON TECHNOLOGY, INC. Computation of Per Share Earnings (Amounts in millions except for per share amounts) November 30, December 1, Quarter Ended 1995 1994 - --------------------------------------------------------------------- PRIMARY Weighted average shares outstanding 206.7 204.0 Net effect of dilutive stock options 10.5 6.8 -------- -------- Total shares 217.2 210.8 ======== ======== Net income $ 328.5 $ 159.3 ======== ======== Primary earnings per share $1.51 $0.76 ===== ===== FULLY DILUTED Weighted average shares outstanding 206.7 204.0 Net effect of dilutive stock options 10.5 7.1 -------- -------- Total shares 217.2 211.1 ======== ======== Net income $ 328.5 $ 159.3 ======== ======== Fully diluted earnings per share $1.51 $0.75 ===== ===== 15