BAND
Bandwidth Inc.
BAND's outlook is improving, though it still trails on the overall score.
MU
Micron Technology, Inc.
MU has the edge over BAND overall, supported by stronger valuation and lower modeled downside.
BAND Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Stable |
BAND's revenue and cash flow are currently healthy, and its profitability and balance sheet are stable.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
BAND PE Valuation
BAND 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.
BAND Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for BAND, with profitability improving. However, they disagree widely on these estimates.
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.
BAND Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.05 | — |
| Q3 2026 | -$0.12 | +$0.27 |
| Q2 2026 | -$0.29 | +$0.05 |
| Q1 2026 | -$0.38 | -$0.03 |
| Q4 2025 | -$0.43 | +$0.14 |
| Q3 2025 | -$0.39 | +$0.55 |
| Q2 2025 | -$0.34 | +$0.81 |
| Q1 2025 | -$0.35 | +$0.78 |
| Q4 2024 | -$0.57 | +$0.49 |
BAND is still losing money, but far less than before: $0.12 per share over the past year, against $2.00 at its worst in early 2021.
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 BAND on earnings quality, reporting a profit while its opponent remains loss making.
BAND Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $234M | +22% |
| Q2 2026 | $219.9M | +22% |
| Q1 2026 | $208.8M | +20% |
| Q4 2025 | $207.7M | -1.1% |
| Q3 2025 | $191.9M | -1% |
| Q2 2025 | $180M | +3.7% |
| Q1 2025 | $174.2M | +1.9% |
| Q4 2024 | $210M | +27% |
BAND's revenue is growing: $234M last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.8% | +1.8 points |
| Q2 2026 | -2.1% | 0 points |
| Q1 2026 | -2.2% | +0.5 points |
| Q4 2025 | -1.9% | -0.6 points |
| Q3 2025 | -1.1% | -0.6 points |
| Q2 2025 | -2.1% | +1.4 points |
| Q1 2025 | -2.7% | +3.4 points |
| Q4 2024 | -1.3% | +4.8 points |
BAND's operating margin was 0.8% last quarter, up 1.8 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 BAND 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 BAND on profitability, with a higher operating margin.
BAND Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $35M | +119% |
| Q2 2026 | $26.1M | -7.1% |
| Q1 2026 | $1.7M | +$12.1M |
| Q4 2025 | $33.5M | +1.1% |
| Q3 2025 | $16M | -5.8% |
| Q2 2025 | $28.2M | +37% |
| Q1 2025 | -$10.5M | -$9.6M |
| Q4 2024 | $33.2M | +117% |
BAND generated $96M in free cash flow over the past year, up 44% 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 BAND on cash flow, with more consistent year-over-year improvement.
BAND Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +20% | +6.6M shares |
| 1 year | +33% | +9.9M shares |
| 3 years | +57% | +14.5M shares |
| 5 years | +60% | +15M shares |
| Available history | +68% | +16.2M shares |
BAND has 40M diluted shares, up 33% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $10M |
| Q2 2026 | $15M |
| Q1 2026 | $5M |
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 BAND 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.
BAND Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 3.4x | Elevated |
| Q1 2026 | 2.3x | Moderate |
| Q4 2025 | 3.7x | Elevated |
| Q3 2025 | 4.5x | High |
| Q2 2025 | 4.9x | High |
| Q1 2025 | 6.0x | High |
| Q4 2024 | 6.8x | High |
BAND's net debt is about 2.5 years of its operating earnings (EBITDA), down from 4.5 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 BAND on leverage, with a lower net debt burden relative to earnings.
BAND Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.2 | Neutral |
| Stochastic | 26.1 | Neutral |
BAND's weekly RSI is 49 (neutral) and its Stochastic is 26 (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).
BAND PE vs Technology Sector
| Metric | BAND | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
BAND 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.
BAND Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $50.0 | 7.5% below |
| 20 week MA | $53.0 | 13% below |
| 50 week MA | $38.3 | 21% above |
| 100 week MA | $26.7 | 73% above |
| 200 week MA | $21.3 | 117% above |
BAND has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 117% 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.
BAND Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $65.3 | $174.1 | +167% |
| 2021 | $174.1 | $72.9 | -58% |
| 2022 | $72.9 | $23.7 | -68% |
| 2023 | $23.7 | $14.5 | -39% |
| 2024 | $14.5 | $17.3 | +20% |
| 2025 | $17.3 | $15.2 | -12% |
| 2026 YTD | $15.2 | $46.3 | +205% |
BAND has the edge over MU on returns for 2026, with the stronger performance.
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's yearly returns have swung widely, from +221% in 2025 to −47% in 2022. It's up 180% so far in 2026.