EXHIBIT 11 MICRON TECHNOLOGY, INC. Computation of Per Share Earnings (Amounts in millions except for per share data) November 27, November 28, Quarter Ended 1997 1996 - -------------------------------------------------------------------- PRIMARY Weighted average shares outstanding 211.5 209.1 Net effect of dilutive stock options 4.4 4.9 ------ ------ Total shares 215.9 214.0 ====== ====== Net income $ 9.6 $ 20.6 ====== ====== Primary earnings per share $ 0.04 $ 0.10 ====== ====== FULLY DILUTED Weighted average shares outstanding 211.5 209.1 Net effect of dilutive stock options 4.4 5.4 ------ ------ Total shares 215.9 214.5 ====== ====== Net income $ 9.6 $ 20.6 ====== ====== Fully diluted earnings per share $ 0.04 $ 0.10 ====== ====== 18