ALGM
Allegro MicroSystems, Inc.
ALGM's outlook is improving despite an expensive valuation.
MU
Micron Technology, Inc.
MU has the edge over ALGM overall, supported by stronger valuation and stronger modeled upside.
ALGM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
ALGM's revenue, profitability, cash flow and balance sheet are all currently healthy.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
ALGM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 25x | $3.95 | -88% |
| Forward | 25x | $31.71 | — |
| Fair | 42x | $6.66 | -79% |
| Expensive | 60x | $9.54 | -70% |
| Current | 198x | $31.71 | — |
Historical ranges are pointers, not guarantees.
ALGM's PE is in its expensive range at 198x. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its cheap range.
MU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.6x | $798 | — |
| Cheap | 10x | $777 | -2.7% |
| Current | 11x | $798 | — |
| Fair | 22x | $1,646 | +106% |
| Expensive | 32x | $2,404 | +201% |
Historical ranges are pointers, not guarantees.
MU has the edge over ALGM in the historical PE scenario, which offers more potential upside but is not a forecast.
ALGM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for ALGM, with profitability improving.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for MU, with profitability improving.
ALGM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.27 | +696% |
| Q3 2026 | $0.16 | +$0.32 |
| Q2 2026 | $0.07 | +$0.44 |
| Q1 2026 | -$0.08 | +$0.31 |
| Q4 2025 | -$0.08 | +$0.27 |
| Q3 2025 | -$0.16 | -$0.02 |
| Q2 2025 | -$0.37 | -197% |
| Q1 2025 | -$0.39 | -150% |
| Q4 2024 | -$0.35 | -130% |
ALGM has returned to profit: it earned $0.16 per share over the past year, after losing money the year before.
MU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $174.95 | +135% |
| Q3 2026 | $74.33 | +879% |
| Q2 2026 | $44.17 | +693% |
| Q1 2026 | $21.18 | +405% |
| Q4 2025 | $10.52 | +201% |
| Q3 2025 | $7.59 | +984% |
| Q2 2025 | $5.57 | +$6.99 |
| Q1 2025 | $4.19 | +$7.64 |
| Q4 2024 | $3.49 | +$9.77 |
MU has the edge over ALGM on earnings, with more consistent year-over-year improvement.
ALGM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $276.9M | +29% |
| Q2 2026 | $259.2M | +27% |
| Q1 2026 | $243.2M | +26% |
| Q4 2025 | $229.2M | +29% |
| Q3 2025 | $214.3M | +14% |
| Q2 2025 | $203.4M | +22% |
| Q1 2025 | $192.8M | -20% |
| Q4 2024 | $177.9M | -30% |
ALGM's revenue has grown year over year for six quarters in a row: $277M last quarter, up 29% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +9.9 points |
| Q2 2026 | 9.8% | +11 points |
| Q1 2026 | 2.2% | +9.1 points |
| Q4 2025 | 4.2% | +4.2 points |
| Q3 2025 | 2.9% | +0.7 points |
| Q2 2025 | -1.4% | +5 points |
| Q1 2025 | -6.8% | -13 points |
| Q4 2024 | 0% | -14 points |
ALGM's operating margin was 13% last quarter, up 9.9 points from the same quarter a year ago.
MU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $54.2B | +379% |
| Q2 2026 | $41.5B | +346% |
| Q1 2026 | $23.9B | +196% |
| Q4 2025 | $13.6B | +57% |
| Q3 2025 | $11.3B | +46% |
| Q2 2025 | $9.3B | +37% |
| Q1 2025 | $8.1B | +38% |
| Q4 2024 | $8.7B | +84% |
MU has the edge over ALGM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 81% | +48 points |
| Q2 2026 | 80% | +57 points |
| Q1 2026 | 68% | +46 points |
| Q4 2025 | 45% | +20 points |
| Q3 2025 | 32% | +13 points |
| Q2 2025 | 23% | +13 points |
| Q1 2025 | 22% | +19 points |
| Q4 2024 | 25% | +49 points |
MU has the edge over ALGM on profitability, with a higher operating margin.
ALGM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $30.5M | +119% |
| Q2 2026 | $14M | -73% |
| Q1 2026 | $18.7M | +25% |
| Q4 2025 | $41.3M | +$63.1M |
| Q3 2025 | $13.9M | +150% |
| Q2 2025 | $51M | +120% |
| Q1 2025 | $15M | +$16.5M |
| Q4 2024 | -$21.8M | -157% |
ALGM generated $104M in free cash flow over the past year, up 80% from the year before.
MU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $32.9B | +45543% |
| Q2 2026 | $17.6B | +951% |
| Q1 2026 | $5.5B | +$5.6B |
| Q4 2025 | $3B | +7853% |
| Q3 2025 | $72M | -75% |
| Q2 2025 | $1.7B | +322% |
| Q1 2025 | -$113M | +$52M |
| Q4 2024 | $38M | +$433M |
MU has the edge over ALGM on cash flow, with more consistent year-over-year improvement.
ALGM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -52.6K shares |
| 1 year | +0.8% | +1.4M shares |
| 3 years | -3.8% | -7.4M shares |
| 5 years | -2.1% | -4M shares |
| Available history | 0% | -32.5K shares |
ALGM has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | $116,000 |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | — |
MU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -2M shares |
| 1 year | +1.6% | +18M shares |
| 3 years | +4.6% | +50M shares |
| 5 years | +0.2% | +2M shares |
| Available history | +1.2% | +14M shares |
MU has 1.1B diluted shares, up 1.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $350M |
| Q4 2025 | $300M |
| Q3 2024 | $300M |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
MU has spent almost nothing on buybacks in the past year.
ALGM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 1.1x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 2.0x | Moderate |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 3.5x | Elevated |
| Q1 2025 | 5.0x | High |
| Q4 2024 | 3.0x | Moderate |
ALGM's net debt is less than a year of its operating earnings (EBITDA), down from 3.1 years a year ago.
MU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.6x | Very low |
MU has the edge over ALGM on leverage, with a lower net debt burden relative to earnings.
ALGM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.3 | Neutral |
| Stochastic | 13.9 | Oversold |
ALGM's weekly RSI is 41 (neutral) and its Stochastic is 14 (oversold).
MU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.1 | Neutral |
| Stochastic | 26.9 | Neutral |
MU's weekly RSI is 47 (neutral) and its Stochastic is 27 (neutral).
ALGM PE vs Technology Sector
| Metric | ALGM | Sector median | Relative |
|---|---|---|---|
| PE | 198x | 28x | 611% above |
| PE % | 91 | 38 | 53 pts above |
ALGM is trading at 198x earnings, a 611% premium to the Technology sector's median of 28x.
MU PE vs Technology Sector
| Metric | MU | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 28x | 61% below |
| PE % | 18 | 35 | 17 pts below |
MU has the edge over ALGM on valuation relative to its sector.
ALGM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $33.2 | 4.4% below |
| 20 week MA | $38.9 | 18% below |
| 50 week MA | $38.7 | 18% below |
| 100 week MA | $32.9 | 3.7% below |
| 200 week MA | $32.4 | 2.2% below |
ALGM is in a downtrend: it's below all five of its weekly moving averages, and 2.2% below its 200-week average.
MU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $914.5 | 13% below |
| 20 week MA | $931.0 | 14% below |
| 50 week MA | $685.9 | 16% above |
| 100 week MA | $405.4 | 97% above |
| 200 week MA | $246.0 | 225% above |
MU has the edge over ALGM on trend strength, trading above more of its moving averages.
ALGM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.3 | $24.8 | +35% |
| 2021 | $24.8 | $34.5 | +39% |
| 2022 | $34.5 | $30.2 | -12% |
| 2023 | $30.2 | $30.3 | +0.1% |
| 2024 | $30.3 | $22.3 | -26% |
| 2025 | $22.3 | $26.9 | +21% |
| 2026 YTD | $26.9 | $31.7 | +18% |
ALGM has finished higher in four of the last six years. It's up 18% so far in 2026.
MU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $54.0 | $70.6 | +31% |
| 2021 | $70.6 | $94.4 | +34% |
| 2022 | $94.4 | $50.2 | -47% |
| 2023 | $50.2 | $85.3 | +70% |
| 2024 | $85.3 | $88.6 | +3.9% |
| 2025 | $88.6 | $284.8 | +221% |
| 2026 YTD | $284.8 | $798.4 | +180% |
MU has the edge over ALGM on returns for 2026, with the stronger performance.