BB
BlackBerry Limited
BB's outlook is improving, though it still trails on the overall score.
MU
Micron Technology, Inc.
MU has the edge over BB overall, supported by stronger valuation and stronger modeled upside.
BB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Strong |
BB'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.
BB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 43x | $9.12 | — |
| Cheap | 69x | $8.91 | -2.3% |
| Current | 70x | $9.12 | — |
| Fair | 92x | $12.00 | +32% |
| Expensive | 115x | $14.99 | +64% |
Historical ranges are pointers, not guarantees.
BB has the edge over MU in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
BB Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BB, 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.
BB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.21 | +64% |
| Q3 2026 | $0.13 | +$0.14 |
| Q2 2026 | $0.10 | +$0.16 |
| Q1 2026 | $0.09 | +$0.22 |
| Q4 2025 | $0.03 | +$0.23 |
| Q3 2025 | -$0.01 | +$0.22 |
| Q2 2025 | -$0.06 | +$0.21 |
| Q1 2025 | -$0.13 | +$0.09 |
| Q4 2024 | -$0.20 | +$0.75 |
BB has returned to profit: it earned $0.13 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's earnings per share have climbed steadily: $74.33 over the past year, about 10 times what it earned the year before, and higher year over year for 10 quarters in a row.
BB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $163.3M | +26% |
| Q2 2026 | $152.9M | +26% |
| Q1 2026 | $156M | +8.4% |
| Q4 2025 | $141.8M | -0.8% |
| Q3 2025 | $129.6M | -11% |
| Q2 2025 | $121.7M | -15% |
| Q1 2025 | $143.9M | -17% |
| Q4 2024 | $143M | -18% |
BB's revenue is recovering but still below its 2023 peak: $163M last quarter, up 26% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +12 points |
| Q2 2026 | 10% | +8.4 points |
| Q1 2026 | 15% | +19 points |
| Q4 2025 | 8.4% | -4.9 points |
| Q3 2025 | 8.9% | +23 points |
| Q2 2025 | 1.6% | +29 points |
| Q1 2025 | -4.3% | +28 points |
| Q4 2024 | 13% | +20 points |
BB's operating margin was 21% last quarter, up 12 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 BB 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 BB on profitability, with a higher operating margin.
BB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $28.1M | +806% |
| Q2 2026 | $1.7M | +$20.6M |
| Q1 2026 | $44.9M | +8.5% |
| Q4 2025 | $17.4M | +480% |
| Q3 2025 | $3.1M | +$18.1M |
| Q2 2025 | -$18.9M | -$2.9M |
| Q1 2025 | $41.4M | +$58.4M |
| Q4 2024 | $3M | +$36M |
BB generated $92M in free cash flow over the past year, about three times what it generated 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 generated $59B in free cash flow over the past year, more than ten times what it generated the year before.
BB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.5% | +56.5M shares |
| 1 year | +8.8% | +52.3M shares |
| 3 years | +11% | +66.1M shares |
| 5 years | +15% | +82.3M shares |
| Available history | +17% | +93M shares |
BB has 650M diluted shares, up 8.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $10M |
| Q1 2026 | $26.7M |
| Q4 2025 | $4M |
| Q3 2025 | $20M |
| Q2 2025 | $10M |
| Q1 2020 | — |
BB spent $41M buying back its own shares over the past year.
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 BB 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.
BB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -1.2x | Net Cash |
| Q4 2025 | -2.1x | Net Cash |
| Q3 2025 | -1.8x | Net Cash |
| Q2 2025 | -4.0x | Net Cash |
| Q4 2022 | -7.5x | Net Cash |
| Q3 2022 | -4.2x | Net Cash |
BB 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.
BB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.5 | Neutral |
| Stochastic | 56.1 | Neutral |
BB's weekly RSI is 57 (neutral) and its Stochastic is 56 (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).
BB PE vs Technology Sector
| Metric | BB | Sector median | Relative |
|---|---|---|---|
| PE | 70x | 28x | 152% above |
| PE % | 22 | 35 | 13 pts below |
BB is trading at 70x earnings, a 152% premium to the Technology sector's median of 28x, though its earnings don't support one.
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 BB on valuation relative to its sector.
BB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.71 | 4.7% above |
| 20 week MA | $8.78 | 3.9% above |
| 50 week MA | $6.57 | 39% above |
| 100 week MA | $5.35 | 70% above |
| 200 week MA | $4.43 | 106% above |
BB has the edge over MU on trend strength, trading above more of its moving averages.
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.
BB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6.45 | $7.06 | +9.5% |
| 2021 | $7.06 | $9.48 | +34% |
| 2022 | $9.48 | $3.40 | -64% |
| 2023 | $3.40 | $3.54 | +4.1% |
| 2024 | $3.54 | $3.91 | +10% |
| 2025 | $3.91 | $3.97 | +1.5% |
| 2026 YTD | $3.97 | $9.12 | +130% |
BB has finished higher in five of the last six years. It's up 130% 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 BB on returns for 2026, with the stronger performance.