MICRON TECHNOLOGY INC — fact timeline

Sumit Sadana changed role as Senior Advisor to the CEO at MICRON TECHNOLOGY INC.

“Sumit Sadana has transitioned from his role as the Company’s Executive Vice President and Chief Business Officer to the role of Senior Advisor to the CEO”

Dr. Scott DeBoer was appointed as President and Chief Technology and Products Officer at MICRON TECHNOLOGY INC.

“Dr. Scott DeBoer, 60, the Company’s current Executive Vice President, Chief Technology and Products Officer, has been appointed President and Chief Technology and Products Officer of the Company”

Manish Bhatia was appointed as President and Chief Operating Officer at MICRON TECHNOLOGY INC.

“Manish Bhatia, 54, the Company’s current Executive Vice President, Global Operations, has been appointed as President and Chief Operating Officer of the Company”

Alexis Black Björlin was appointed as Director at MICRON TECHNOLOGY INC.

“On June 9, 2026, the Board of Directors (“Board”) of Micron Technology, Inc. (the “Company”) appointed Alexis Black Björlin as a member of the Board.”

MICRON TECHNOLOGY INC reported third quarter of 2026 results: revenue $33.5 billion, EPS $18.90. Guidance reaffirmed.

“The following table presents Micron’s guidance for the third quarter of 2026: FQ3-26 GAAP (1) Outlook Non-GAAP (2) Outlook Revenue $33.5 billion ± $750 million $33.5 billion ± $750 million Gross margin Approximately 81% Approximately 81% Operating expenses Approximately $1.60 billion Approximately $1.40 billion Diluted earnings per share $18.90 ± $0.40 $19.15 ± $0.40”

MICRON TECHNOLOGY INC reported second quarter of fiscal 2026 results: revenue $23.86 billion, net income $13.79 billion, EPS $12.07 per diluted share.

“2026 – Micron Technology, Inc. (Nasdaq: MU) today announced results for its second quarter of fiscal 2026, which ended February 26, 2026. Fiscal Q2 2026 highlights • Revenue of $23.86 billion versus $13.64 billion for the prior quarter and $8.05 billion for the same period last year • GAAP net income of $13.79 billion, or $12.07 per diluted share • Non-GAAP net income”

MICRON TECHNOLOGY INC: Approved amendment to Restated Certificate of Incorporation to eliminate certain officers' personal liability for monetary damages from duty of care breaches permitted by Delaware law (effective 2026-01-21).

“Company stockholders approved an amendment to the Company’s Restated Certificate of Incorporation (the “Company Charter”) to provide for the elimination of certain officers’ personal liability for monetary damages stemming from breaches of the duty of care as permitted by Section 102(b)(7) of the General Corporation Law of the State of Delaware (the “Exculpation Amendment”).”

MICRON TECHNOLOGY INC: Adopted Amended and Restated Bylaws adjusting Delaware exclusive forum provision and making ministerial, clarifying and conforming changes (effective 2025-07-17).

“On July 17, 2025, the Board of Directors (the “ Board ” ) of Micron Technology, Inc. (the “ Company ” ) approved the Company ’ s Amended and Restated Bylaws (the “ Amended Bylaws ” ), effective as of such date.”

MICRON TECHNOLOGY INC incurred senior notes of $500,000,000 aggregate principal amount of 5.65% senior notes due 2032 and $1,250,000,000 aggregate principal amount of with U.S. Bank Trust Company, National Association at 5.65% per year for the 2032 Notes; 6.05% per year for the 2035 Notes maturing November 1, 2032 for the 2032 Notes; November 1, 2035 for the 2035 Notes.

“On April 29, 2025, Micron Technology, Inc. ("Micron," "we," "us," or "our") settled its offering of (i) $500,000,000 aggregate principal amount of 5.65% senior notes due 2032 (the "2032 Notes"), and (ii) $1,250,000,000 aggregate principal amount of 6.05% senior notes due 2035 (the "2035 Notes" and, together with the 2032 Notes, the "Notes").”

MICRON TECHNOLOGY INC incurred revolving credit of $3.5 billion with HSBC Bank USA, N.A., as Administrative Agent at base rate or adjusted term SOFR plus an applicable interest rate margin varying maturing March 12, 2030.

“additional lead arrangers and certain financial institutions as lenders (the “Revolving Credit Agreement”). The Revolving Credit Agreement provides the Company with a committed $3.5 billion revolving credit facility (the “Revolving Credit Facility”). The Revolving Credit Facility includes a $250 million documentary credit sublimit for letters of credit and bank”

Teyin Mark Liu was appointed as Director at MICRON TECHNOLOGY INC.

“On March 5, 2025, the Board of Directors (“Board”) of Micron Technology, Inc. (the “Company”) appointed Anna Christine Simons and Teyin Mark Liu as members of the Board.”

Anna Christine Simons was appointed as Director at MICRON TECHNOLOGY INC.

“On March 5, 2025, the Board of Directors (“Board”) of Micron Technology, Inc. (the “Company”) appointed Anna Christine Simons and Teyin Mark Liu as members of the Board.”

MICRON TECHNOLOGY INC: The board approved an amendment to the company's Amended and Restated Bylaws to set the number of directors from time to time by board resolution, effective immediately (effective 2024-10-28).

“Item 5.03 Amendments to Articles of Incorporation or Bylaws; Changes in Fiscal Year. On October 28, 2024, the Board approved an amendment to the Company’s Amended and Restated Bylaws to provide that the number of directors shall be set from time to time by resolution of the Board, effective immediately.”

Lynn Dugle was elected as Lead Independent Director at MICRON TECHNOLOGY INC.

“and Lynn Dugle to serve as lead independent director, each effective as of Mr. Switz’s retirement.”

Sanjay Mehrotra was elected as Chair of the Board at MICRON TECHNOLOGY INC.

“On October 30, 2024, the Company announced that the independent members of the Board unanimously elected Sanjay Mehrotra, the Company’s Chief Executive Officer, to succeed Mr. Switz as Chair of the Board”

Robert Switz departed as Chair of the Board of Directors at MICRON TECHNOLOGY INC.

“On October 25, 2024, Robert Switz, Chair of the Board of Directors (the “Board”) of Micron Technology, Inc. (the “Company”), provided notice to the Governance and Sustainability Committee of the Board that he has decided to retire from the Board and will not seek re-election at the Company’s fiscal 2024 annual shareholders meeting (the “Annual Meeting”).”

MICRON TECHNOLOGY INC reported second quarter of fiscal 2024 ended February 29, 2024 results: revenue $5.82 billion, net income $793 million, EPS $0.71 per diluted share.

“Micron Technology, Inc. (Nasdaq: MU) today announced results for its second quarter of fiscal 2024, which ended February 29, 2024. Fiscal Q2 2024 highlights • Revenue of $5.82 billion versus $4.73 billion for the prior quarter and $3.69 billion for the same period last year • GAAP net income of $793 million, or $0.71 per diluted share”

MICRON TECHNOLOGY INC: Board amended and restated bylaws to increase board size from eight to nine (effective 2024-03-11).

“On March 11, 2024, the Board amended and restated the Company’s bylaws (the “Amended and Restated Bylaws”) to increase the size of the Board from eight to nine.”

Robert Swan was appointed as Director at MICRON TECHNOLOGY INC.

“On March 11, 2024, the Board of Directors (the “Board”) of Micron Technology, Inc. (the “Company”) appointed Robert Swan as a member of the Board.”

MICRON TECHNOLOGY INC shareholders rejected Stockholder proposal regarding shareholder ratification of excessive termination pay at the 2024-01-18 meeting.

“The proposal by a stockholder of the Company regarding shareholder ratification of excessive termination pay was not approved with 62,422,591 votes in favor, 766,725,385 votes against, 2,857,329 abstentions, and 75,744,721 broker non-votes.”

MICRON TECHNOLOGY INC shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm at the 2024-01-18 meeting.

“The ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s Independent Registered Public Accounting Firm for the fiscal year ending August 29, 2024, was approved with 832,915,267 votes in favor, 73,961,873 votes against, 872,886 abstentions, and no broker non-votes.”

MICRON TECHNOLOGY INC shareholders approved Advisory vote on frequency of say-on-pay votes at the 2024-01-18 meeting.

“The proposal by the Company to approve, on a non-binding basis, the frequency (every one, two or three years) with which its stockholders will have an advisory vote on the compensation of its Named Executive Officers was approved for one year with 820,559,280 votes.”

MICRON TECHNOLOGY INC shareholders approved Advisory vote to approve compensation of Named Executive Officers at the 2024-01-18 meeting.

“The proposal by the Company to approve, on a non-binding advisory basis, the compensation of its Named Executive Officers as described in the Company’s proxy statement was approved with 668,196,485 votes in favor, 162,466,833 votes against, 1,341,987 abstentions, and 75,744,721 broker non-votes.”

MICRON TECHNOLOGY INC shareholders approved Election of Directors at the 2024-01-18 meeting.

“Each of the following nominees for Director were elected to serve on the Company’s board of directors”

MICRON TECHNOLOGY INC incurred senior notes of $1,000,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association) at 5.30% per year maturing January 15, 2031.

“On January 12, 2024, Micron Technology, Inc. ("Micron," " we," "us," or "our") settled its offering of $1,000,000,000 aggregate principal amount of 5.30% senior notes due 2031 (the "Notes").”

MICRON TECHNOLOGY INC reported first quarter of fiscal 2024 ended November 30, 2023 results: revenue $4.73 billion, net income GAAP net loss of $1.23 billion, EPS $1.12 per diluted share. Guidance initiated.

“Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2024, which ended November 30, 2023. Fiscal Q1 2024 highlights • Revenue of $4.73 billion versus $4.01 billion for the prior quarter and $4.09 billion for the same period last year • GAAP net loss of $1.23 billion, or $1.12 per diluted share”

MICRON TECHNOLOGY INC reported third quarter of fiscal 2023 ended June 1, 2023 results: revenue $3.75 billion, net income $1.90 billion, EPS $1.73 per diluted share. Guidance initiated.

“Micron Technology, Inc. (Nasdaq: MU) today announced results for its third quarter of fiscal 2023, which ended June 1, 2023. Fiscal Q3 2023 highlights • Revenue of $3.75 billion versus $3.69 billion for the prior quarter and $8.64 billion for the same period last year • GAAP net loss of $1.90 billion, or $1.73 per diluted share • Non-GAAP net loss of $1.57 billion, or $1.43 per diluted share • Operating cash flow of $24 million versus $343 million for the prior quarter and $3.84 billion for the same period last year”

MICRON TECHNOLOGY INC entered into Seventh Supplemental Indenture to Base Indenture dated as of February 6, 2019 with U.S. Bank Trust Company, National Association valued at $600,000,000 aggregate principal amount of 5.375% senior notes due 2028 and $900,000,000 aggregate p (effective 2023-04-11).

“On April 11, 2023, Micron Technology, Inc. ("Micron," "we," "us," or "our") settled its offering of $600,000,000 aggregate principal amount of 5.375% senior notes due 2028 (the "2028 Notes") and $900,000,000 aggregate principal amount of 5.875% senior notes due 2033 (the "2033 Notes" and, together with the 2028 Notes, the "Notes") in a public offering (the "Offering").”

MICRON TECHNOLOGY INC reported second quarter of fiscal 2023 ended March 2, 2023 results: revenue $3.69 billion, net income ($2.31) billion, EPS $(2.12) per diluted share. Guidance initiated.

“Revenue of $3.69 billion versus $4.09 billion for the prior quarter and $7.79 billion for the same period last year • GAAP net loss of $2.31 billion, or $2.12 per diluted share”

MICRON TECHNOLOGY INC entered into Sixth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $750,000,000 aggregate principal amount of 5.875% senior notes due 2033 (effective 2023-02-09).

“On February 9, 2023, Micron Technology, Inc. (“Micron”) settled its offering of (i) an additional $500,000,000 aggregate principal amount of 6.750% senior notes due 2029 (the “2029 Notes”) and (ii) $750,000,000 aggregate principal amount of 5.875% senior notes due 2033 (the “2033 Notes” and, together with the 2029 Notes, the “Notes”).”

MICRON TECHNOLOGY INC shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending August 31, 2023 at the 2023-01-12 meeting.

“Proposal 4 The ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s Independent Registered Public Accounting Firm for the fiscal year ending August 31, 2023, was approved with 841,187,769 votes in favor, 69,058,262 votes against, 801,980 abstentions, and no broker non-votes.”

MICRON TECHNOLOGY INC shareholders approved Approval of amended and restated 2007 Equity Incentive Plan to increase shares reserved by 50 million at the 2023-01-12 meeting.

“Proposal 3 The proposal by the Company to approve its amended and restated 2007 Equity Incentive Plan to increase the shares reserved for issuance thereunder by 50 million as described in the Company’s proxy statement was approved with 775,564,559 votes in favor, 34,828,200 votes against, 1,169,113 abstentions, and 99,486,139 broker non-votes.”

MICRON TECHNOLOGY INC shareholders approved Approval of non-binding resolution to approve compensation of Named Executive Officers at the 2023-01-12 meeting.

“Proposal 2 The proposal by the Company to approve a non-binding resolution to approve the compensation of its Named Executive Officers as described in the Company’s proxy statement was approved with 577,338,369 votes in favor, 232,782,611 votes against, 1,440,892 abstentions, and 99,486,139 broker non-votes.”

MICRON TECHNOLOGY INC shareholders approved Election of Directors at the 2023-01-12 meeting.

“Proposal 1 The following nominees for Directors were elected. Each person elected as a Director will serve until the next annual meeting of shareholders or until such person’s successor is duly elected and qualified.”

MICRON TECHNOLOGY INC incurred term loan of $600 million aggregate principal amount (three tranches) with Wells Fargo Bank, National Association, as administrative agent, and other lenders at adjusted term SOFR plus an applicable interest rate margin ranging from 1.00% to maturing November 3, 2025 (Term A-1), November 3, 2026 (Term A-2), November 3, 2027 (Term A-3).

“The Incremental Term Loan Amendment provides a committed incremental term loan facility (the “Incremental Term Loan Facility”) consisting of three tranches of term loans in an aggregate principal amount of $600 million. On the Closing Date, the company borrowed $125 million in aggregate principal amount of incremental Term A-1 loans (“Incremental Term A-1 Loans”), $250 million in aggregate principal amount of incremental Term A-2 loans (“Incremental Term A-2 Loans”), and $225 million in aggregate principal amount of incremental Term A-3 loans (“Incremental Term A-3 Loans”, and collectively the “Incremental Term Loans”).”

MICRON TECHNOLOGY INC amended Incremental Amendment No. 1 to the Term Loan Credit Agreement with Wells Fargo Bank, National Association and certain lenders valued at $600 million (effective 2023-01-05).

“On January 5, 2023 (the “Closing Date”), Micron Technology, Inc. (the “Company”), entered into an Incremental Amendment No. 1 to the Term Loan Credit Agreement (the “Incremental Term Loan Amendment”), by and among the Company, the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent.”

MICRON TECHNOLOGY INC reported first quarter of fiscal 2023 ended December 1, 2022 results: revenue $4.09 billion, net income $195 million, EPS $0.18 per diluted share. Guidance lowered.

“Fiscal Q1 2023 highlights • Revenue of $4.09 billion versus $6.64 billion for the prior quarter and $7.69 billion for the same period last year • GAAP net loss of $195 million, or $0.18 per diluted share”

MICRON TECHNOLOGY INC announced a restructuring with charges of at least $30 million (approximately 10%).

“On December 21, 2022 , we announced a restructure plan in response to challenging industry conditions. Under the restructure plan, we expect to reduce our headcount by approximately 10% over calendar year 2023, through a combination of voluntary attrition and personnel reductions. In connection with the plan, we expect to incur charges of at least $30 million in the second quarter of fiscal 2023, substantially all in cash expenditures.”

MICRON TECHNOLOGY INC incurred term loan of $2.6 billion in aggregate principal amount with Wells Fargo Bank, National Association, as Administrative Agent, Wells Fargo Securities, LLC, Mizuho Bank, Ltd., and Truist Securities, Inc. as Joint Bookrunners and Joint Lead Arrangers at adjusted term SOFR or at a base rate plus an applicable interest rate margin ran maturing November 3, 2025, November 3, 2026 and November 3, 2027.

“The Term Loan Agreement provides a committed term loan facility (the “Term Loan Facility”) consisting of three tranches of term loans. On the Closing Date, the company borrowed $2.6 billion in aggregate principal amount, consisting of approximately $926.7 million in aggregate principal amount of Term A-1 Loans, approximately $746.7 million in aggregate principal”

MICRON TECHNOLOGY INC entered into Term Loan Credit Agreement with Wells Fargo Bank, National Association, as Administrative Agent, Wells Fargo Securities, LLC, Mizuho Bank, Ltd., and Truist Securities, Inc. as Joint Bookrunners and Joint Lead Arrangers, and certain financial institutions as lenders valued at $2.6 billion (effective 2022-11-03).

“On November 3, 2022 (the “Closing Date”), Micron Technology, Inc. (the “Company”), entered into a Term Loan Credit Agreement, by and among the Company, Wells Fargo Bank, National Association, as Administrative Agent, Wells Fargo Securities, LLC, Mizuho Bank, Ltd., and Truist Securities, Inc. as Joint Bookrunners and Joint Lead Arrangers, and certain financial institutions as lenders (the “Term Loan Agreement”).”

Sumit Sadana changed role as Interim Chief Financial Officer at MICRON TECHNOLOGY INC.

“Sumit Sadana will cease serving as Interim Chief Financial Officer and will continue to serve in his role as Executive Vice President and Chief Business Officer.”

Mark J. Murphy was appointed as Executive Vice President and Chief Financial Officer at MICRON TECHNOLOGY INC.

“The Board of Directors of Micron Technology, Inc. (the “Company”) has appointed Mark J. Murphy (54) to serve as Executive Vice President and Chief Financial Officer effective as of April 18, 2022”

Sumit Sadana was appointed as interim Chief Financial Officer at MICRON TECHNOLOGY INC.

“The Board of Directors of the Company appointed Sumit Sadana (52), the Company’s current Executive Vice President and Chief Business Officer, to serve also as interim Chief Financial Officer, effective as of January 10, 2022.”

David A. Zinsner resigned as Executive Vice President and Chief Financial Officer at MICRON TECHNOLOGY INC.

“On January 6, 2022, David A. Zinsner announced his decision to resign as the Executive Vice President and Chief Financial Officer of Micron Technology, Inc. (the Company), effective January 10, 2022.”