Harlan Sur
JPMorgan Chase & Co, Research Division

All right. Good morning, and welcome to JPMorgan's 54th Annual Technology, Media and Communications Conference. My name is Harlan Sur, semiconductor and semiconductor capital equipment analyst for the firm. Very pleased to have the team from Micron Technology here with us this morning. Manish Bhatia, Executive Vice President of Global Operations for Micron. And we also have Samir Patodia, Senior Director of Investor Relations, here with us as well. Manish and Samir are going to kick us off with some opening comments, and then we'll go ahead and kick off the Q&A.

So gentlemen, thank you for joining us today. Samir, let me hand it off to you first.

Samir Patodia
Investor Relations Officer

Thanks, Harlan. So I'll start off with the safe harbor and then pass it to Manish. We'll be making some forward-looking statements today and those statements have risks and uncertainties associated with them. So we refer you to the risk factors disclosed in our filings, including our recent 10-Q and 10-K. Manish?

Manish Bhatia
Executive Vice President of Global Operations

All right. Thanks, Samir. Standing room in the back, thanks for your interest in Micron. Our financial outlook has strengthened since our last earnings call. We're on track for another substantial record free cash flow in fiscal Q3. Our balance sheet has never been stronger, and that's underscored by multiple credit rating agencies actually from all 3 -- upgrades from all 3 credit rating agencies this year. Demand continues to outpace our ability and the industry's ability to supply