BHE
Benchmark Electronics, Inc.
BHE's outlook is improving, though it still trails on the overall score.
MU
Micron Technology, Inc.
MU has the edge over BHE overall, supported by stronger valuation and stronger fundamentals.
BHE Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
BHE'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.
BHE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $25.39 | -61% |
| Forward | 19x | $64.81 | — |
| Fair | 26x | $40.74 | -37% |
| Current | 42x | $64.81 | — |
| Expensive | 61x | $93.51 | +44% |
Historical ranges are pointers, not guarantees.
BHE's PE is in its expensive range at 42x. If earnings grow as analysts expect, today's price would be 19x 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 BHE in the historical PE scenario, which offers more potential upside but is not a forecast.
BHE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for BHE, with profitability holding steady.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
MU has the edge over BHE on the outlook, with more favorable profitability expectations.
BHE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.41 | +121% |
| Q3 2026 | $1.54 | +52% |
| Q2 2026 | $1.46 | +40% |
| Q1 2026 | $0.94 | -35% |
| Q4 2025 | $0.68 | -60% |
| Q3 2025 | $1.01 | -41% |
| Q2 2025 | $1.04 | -44% |
| Q1 2025 | $1.44 | -21% |
| Q4 2024 | $1.72 | -3.9% |
BHE earned $1.54 per share over the past year, up 52% 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 BHE on earnings, with more consistent year-over-year improvement.
BHE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $810.9M | +19% |
| Q2 2026 | $756M | +18% |
| Q1 2026 | $677.3M | +7.2% |
| Q4 2025 | $704.3M | +7.2% |
| Q3 2025 | $680.7M | +3.5% |
| Q2 2025 | $642.3M | -3.5% |
| Q1 2025 | $631.8M | -6.5% |
| Q4 2024 | $656.9M | -5% |
BHE's revenue has grown year over year for five quarters in a row: $811M last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.8% | +0.3 points |
| Q2 2026 | 4% | +0.8 points |
| Q1 2026 | 3.2% | +1.4 points |
| Q4 2025 | 2.9% | -1.5 points |
| Q3 2025 | 3.5% | -0.8 points |
| Q2 2025 | 3.2% | -0.9 points |
| Q1 2025 | 1.9% | -1.9 points |
| Q4 2024 | 4.3% | -0.3 points |
BHE's operating margin was 3.8% last quarter, about level with 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 BHE 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 BHE on profitability, with a higher operating margin.
BHE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $15.4M | -39% |
| Q2 2026 | $21.8M | +$36.9M |
| Q1 2026 | $31M | +10% |
| Q4 2025 | $48.2M | +30% |
| Q3 2025 | $25.1M | -14% |
| Q1 2025 | $28.1M | -35% |
| Q4 2024 | $37.2M | -71% |
| Q3 2024 | $29.2M | +63% |
BHE still generates free cash flow, though less than at its 2023 peak: $116M 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 BHE on cash flow, with more consistent year-over-year improvement.
BHE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -1K shares |
| 1 year | +0.6% | +214K shares |
| 3 years | +1.4% | +520K shares |
| 5 years | +2% | +730K shares |
| Available history | -6.1% | -2.4M shares |
BHE has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $8.5M |
| Q2 2026 | — |
| Q1 2026 | $5.8M |
| Q4 2025 | $854,000 |
| Q3 2025 | $10M |
| Q2 2025 | $8M |
| Q1 2025 | $8M |
| Q4 2024 | $1,000 |
BHE spent $15M buying back its own shares over the past year, down 42% 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.
BHE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.9x | Net Cash |
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | -0.9x | Net Cash |
| Q4 2025 | -0.9x | Net Cash |
| Q3 2025 | -0.5x | Net Cash |
| Q2 2025 | -0.4x | Net Cash |
| Q1 2025 | -0.6x | Net Cash |
| Q4 2024 | -0.4x | Net Cash |
BHE 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.
BHE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.6 | Neutral |
| Stochastic | 14.1 | Oversold |
BHE's weekly RSI is 43 (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).
BHE PE vs Technology Sector
| Metric | BHE | Sector median | Relative |
|---|---|---|---|
| PE | 42x | 28x | 51% above |
| PE % | 69 | 35 | 34 pts above |
BHE is trading at 42x earnings, a 51% 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 BHE on valuation relative to its sector.
BHE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $72.7 | 11% below |
| 20 week MA | $76.3 | 15% below |
| 50 week MA | $68.7 | 5.7% below |
| 100 week MA | $54.4 | 19% above |
| 200 week MA | $43.0 | 51% above |
BHE has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 51% 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 the edge over BHE on trend strength, trading above more of its moving averages.
BHE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $34.6 | $26.7 | -23% |
| 2021 | $26.7 | $26.4 | -1% |
| 2022 | $26.4 | $27.0 | +2.2% |
| 2023 | $27.0 | $27.6 | +2.4% |
| 2024 | $27.6 | $46.1 | +67% |
| 2025 | $46.1 | $44.8 | -2.8% |
| 2026 YTD | $44.8 | $64.8 | +45% |
BHE is up 45% 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 BHE on returns for 2026, with the stronger performance.