EXHIBIT 11 MICRON TECHNOLOGY, INC. Computation of Per Share Earnings (Amounts in millions except for per share data) February 27, February 29, Quarter Ended 1997 1996 - ------------------------------------------------------------------------ PRIMARY Weighted average shares outstanding 209.7 207.3 Net effect of dilutive stock options 5.8 7.9 ------ ------ Total shares 215.5 215.2 ====== ====== Net income $142.7 $188.2 ====== ====== Primary earnings per share $ 0.66 $ 0.87 ====== ====== FULLY DILUTED Weighted average shares outstanding 209.7 207.3 Net effect of dilutive stock options 6.5 7.9 ------ ------ Total shares 216.2 215.2 ====== ====== Net income $142.7 $188.2 ====== ====== Fully diluted earnings per share $ 0.66 $ 0.87 ====== ====== EXHIBIT 11 MICRON TECHNOLOGY, INC. Computation of Per Share Earnings (Amounts in millions except for per share amounts) February 27, February 29, For the six months ended 1997 1996 - ----------------------------------------------------------------------- PRIMARY Weighted average shares outstanding 209.4 207.0 Net effect of dilutive stock options 5.6 9.4 ------ ------ Total shares 215.0 216.4 ====== ====== Net income $163.3 $516.7 ====== ====== Primary earnings per share $ 0.76 $ 2.39 ====== ====== FULLY DILUTED Weighted average shares outstanding 209.4 207.0 Net effect of dilutive stock options 6.2 9.4 ------ ------ Total shares 215.6 216.4 ====== ====== Net income $163.3 $516.7 ====== ====== Fully diluted earnings per share $ 0.76 $ 2.39 ====== ======