ARW
Arrow Electronics, Inc.
ARW has lower modeled downside risk, despite its lower overall score.
MU
Micron Technology, Inc.
MU has the edge over ARW overall, supported by stronger valuation and stronger fundamentals.
ARW Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Stable | |
| Healthy |
ARW's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
ARW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.4x | $126 | -37% |
| Current | 10x | $198 | — |
| Fair | 12x | $231 | +17% |
| Expensive | 15x | $296 | +49% |
Historical ranges are pointers, not guarantees.
ARW's PE is in its fair range at 10x.
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 ARW in the historical PE scenario, which offers more potential upside but is not a forecast.
ARW Forward outlook
There aren't enough analyst estimates for ARW to show an outlook.
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.
ARW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $19.72 | +118% |
| Q2 2026 | $15.64 | +77% |
| Q1 2026 | $13.97 | +92% |
| Q4 2025 | $10.93 | +50% |
| Q3 2025 | $9.06 | +0.6% |
| Q2 2025 | $8.85 | -17% |
| Q1 2025 | $7.27 | -43% |
| Q4 2024 | $7.29 | -54% |
ARW earned $19.72 per share over the past year, up 118% from 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 ARW on earnings, with more consistent year-over-year improvement.
ARW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $10.7B | +39% |
| Q2 2026 | $10B | +32% |
| Q1 2026 | $9.5B | +39% |
| Q4 2025 | $8.7B | +20% |
| Q3 2025 | $7.7B | +13% |
| Q2 2025 | $7.6B | +10% |
| Q1 2025 | $6.8B | -1.6% |
| Q4 2024 | $7.3B | -7.2% |
ARW's revenue has grown year over year for six quarters in a row: $10.7B last quarter, up 39% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4% | +1.7 points |
| Q2 2026 | 3.8% | +1.3 points |
| Q1 2026 | 3.8% | +1.5 points |
| Q4 2025 | 3.4% | +0.7 points |
| Q3 2025 | 2.3% | -0.3 points |
| Q2 2025 | 2.5% | -0.6 points |
| Q1 2025 | 2.3% | -0.4 points |
| Q4 2024 | 2.7% | -1.4 points |
ARW's operating margin was 4% last quarter, up 1.7 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 ARW 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 ARW on profitability, with a higher operating margin.
ARW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$468.3M | -$156.3M |
| Q2 2026 | $297.2M | +$521.7M |
| Q1 2026 | $667.6M | +104% |
| Q4 2025 | $172.6M | -43% |
| Q3 2025 | -$312M | -603% |
| Q2 2025 | -$224.5M | -175% |
| Q1 2025 | $326.7M | -13% |
| Q4 2024 | $303.9M | +16% |
ARW usually generates cash, though not every quarter: the latest was −$468M, but it generated $669M over the past year.
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 ARW on cash flow, with more consistent year-over-year improvement.
ARW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -252K shares |
| 1 year | -1% | -526K shares |
| 3 years | -8.3% | -4.7M shares |
| 5 years | -29% | -21M shares |
| Available history | -38% | -32M shares |
ARW has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $99.3M |
| Q2 2026 | $41.9M |
| Q1 2026 | $33.3M |
| Q4 2025 | $50.9M |
| Q3 2025 | $630,000 |
| Q2 2025 | $50.7M |
| Q1 2025 | $59.4M |
| Q4 2024 | $50.8M |
ARW spent $225M buying back its own shares over the past year, up 39% from the year before.
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.
ARW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 1.4x | Healthy |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 3.4x | Elevated |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 2.9x | Moderate |
| Q4 2024 | 3.2x | Elevated |
ARW's net debt is about 1.6 years of its operating earnings (EBITDA), down from 3.4 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 ARW on leverage, with a lower net debt burden relative to earnings.
ARW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 20.5 | Neutral |
ARW's weekly RSI is 48 (neutral) and its Stochastic is 21 (neutral).
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).
ARW PE vs Technology Sector
| Metric | ARW | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 28x | 64% below |
| PE % | 42 | 35 | 7 pts above |
ARW has the edge over MU on valuation relative to its sector.
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.
ARW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $214.3 | 7.5% below |
| 20 week MA | $212.5 | 6.7% below |
| 50 week MA | $181.1 | 9.4% above |
| 100 week MA | $148.7 | 33% above |
| 200 week MA | $136.5 | 45% above |
ARW has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 45% above 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 pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 225% above its 200-week average.
ARW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $84.5 | $97.1 | +15% |
| 2021 | $97.1 | $130.9 | +35% |
| 2022 | $130.9 | $103.9 | -21% |
| 2023 | $103.9 | $122.3 | +18% |
| 2024 | $122.3 | $114.0 | -6.8% |
| 2025 | $114.0 | $113.4 | -0.5% |
| 2026 YTD | $113.4 | $198.2 | +75% |
ARW is up 75% so far in 2026, after finishing lower in three of the previous six years.
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 ARW on returns for 2026, with the stronger performance.