ALKT
Alkami Technology, Inc.
ALKT's outlook is improving, though it still trails on the overall score.
MU
Micron Technology, Inc.
MU has the edge over ALKT overall, supported by stronger valuation and stronger modeled upside.
ALKT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Healthy | |
| Strong |
ALKT's revenue, cash flow and balance sheet are currently healthy, but its profitability is under pressure.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
ALKT PE Valuation
ALKT has no meaningful PE right now: it lost money over the past year.
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's PE is in its cheap range at 11x. If earnings grow as analysts expect, today's price would be 4.6x next year's earnings.
ALKT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for ALKT, 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.
ALKT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.03 | — |
| Q3 2026 | -$0.34 | +$0.08 |
| Q2 2026 | -$0.42 | -$0.05 |
| Q1 2026 | -$0.47 | -$0.10 |
| Q4 2025 | -$0.46 | -$0.05 |
| Q3 2025 | -$0.42 | +$0.06 |
| Q2 2025 | -$0.37 | +$0.18 |
| Q1 2025 | -$0.37 | +$0.24 |
| Q4 2024 | -$0.41 | +$0.26 |
ALKT is still losing money, but less than at its worst: $0.34 per share over the past year, against $0.67 at its worst in early 2023.
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 ALKT on earnings quality, reporting a profit while its opponent remains loss making.
ALKT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $134.9M | +19% |
| Q2 2026 | $129.8M | +16% |
| Q1 2026 | $126.1M | +29% |
| Q4 2025 | $120.8M | +35% |
| Q3 2025 | $113M | +31% |
| Q2 2025 | $112.1M | +36% |
| Q1 2025 | $97.8M | +29% |
| Q4 2024 | $89.7M | +26% |
ALKT's revenue has grown year over year every quarter since early 2021: $135M last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4.6% | +6.8 points |
| Q2 2026 | -5.9% | +8.2 points |
| Q1 2026 | -4.5% | +11 points |
| Q4 2025 | -7.9% | +1.8 points |
| Q3 2025 | -11% | +0.7 points |
| Q2 2025 | -14% | +1.9 points |
| Q1 2025 | -16% | +0.5 points |
| Q4 2024 | -9.6% | +8.7 points |
ALKT's operating margin was −4.6% last quarter, up 6.8 points from the same quarter a year ago, near the top of its range since 2020.
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 ALKT on sales, with stronger typical year-over-year growth.
| 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 ALKT on profitability, with a higher operating margin.
ALKT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $21.4M | -30% |
| Q2 2026 | $21.6M | +2747% |
| Q1 2026 | -$5.2M | +$962K |
| Q4 2025 | $16.2M | +173% |
| Q3 2025 | $30.5M | +186% |
| Q2 2025 | $760K | +518% |
| Q1 2025 | -$6.1M | -1053% |
| Q4 2024 | $6M | +$11.5M |
ALKT has burned cash in most quarters: $54M over the past year, up 74% 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 ALKT on cash flow, with more consistent year-over-year improvement.
ALKT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -235K shares |
| 1 year | +2.2% | +2.3M shares |
| 3 years | +13% | +12M shares |
| 5 years | +42% | +31.8M shares |
| Available history | +28% | +23.5M shares |
ALKT has 107M diluted shares, up 2.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $10M |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | $3,000 |
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 the edge over ALKT on shareholder dilution, with a more favorable share count trend.
| 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.
ALKT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -14.7x | Net Cash |
ALKT has the edge over MU on leverage, with a lower net debt burden relative to earnings.
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 more cash than debt.
ALKT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.4 | Neutral |
| Stochastic | 12.8 | Oversold |
ALKT's weekly RSI is 42 (neutral) and its Stochastic is 13 (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).
ALKT PE vs Technology Sector
ALKT has no meaningful PE right now: it lost money over the past year.
MU PE vs Technology Sector
| Metric | MU | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 28x | 61% below |
| PE % | 18 | 35 | 17 pts below |
MU is trading at 11x earnings, a 61% discount to the Technology sector's median of 28x.
ALKT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.9 | 0% above |
| 20 week MA | $17.1 | 18% below |
| 50 week MA | $17.7 | 21% below |
| 100 week MA | $22.6 | 38% below |
| 200 week MA | $22.9 | 39% below |
ALKT is in a downtrend: it's below all five of its weekly moving averages, and 39% 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 ALKT on trend strength, trading above more of its moving averages.
ALKT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $42.1 | $19.7 | -53% |
| 2022 | $19.7 | $13.6 | -31% |
| 2023 | $13.6 | $24.3 | +78% |
| 2024 | $24.3 | $38.5 | +59% |
| 2025 | $38.5 | $23.1 | -40% |
| 2026 YTD | $23.1 | $13.9 | -40% |
ALKT has finished lower in three of the last five years. It's down 40% 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 ALKT on returns for 2026, with the stronger performance.