CAN
Canaan Inc.
CAN trails on the overall score without a compensating advantage in the available component scores.
MU
Micron Technology, Inc.
MU has the edge over CAN overall, supported by stronger valuation and lower modeled downside.
CAN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Stable | |
| Strong |
CAN's revenue and balance sheet are currently healthy, and its cash flow is stable, 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.
CAN PE Valuation
CAN 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.
CAN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong decline | |
| -- | |
| Limited | |
| Low |
Analysts expect CAN's losses to grow, with revenue declining. 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.
CAN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.45 | +$0.44 |
| Q1 2026 | -$0.34 | +$0.67 |
| Q4 2025 | -$0.48 | +$0.42 |
| Q3 2025 | -$0.67 | +$0.68 |
| Q2 2025 | -$0.89 | +$0.66 |
| Q1 2025 | -$1.01 | +$1.04 |
| Q4 2024 | -$0.90 | +$1.49 |
| Q3 2024 | -$1.35 | +$0.81 |
CAN is still losing money, but far less than before: $0.45 per share over the past year, against $2.39 at its worst in late 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 CAN on earnings quality, reporting a profit while its opponent remains loss making.
CAN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $31.9M | -68% |
| Q1 2026 | $62.7M | -24% |
| Q4 2025 | $196.3M | +121% |
| Q3 2025 | $150.7M | +105% |
| Q2 2025 | $100.2M | +39% |
| Q1 2025 | $82.8M | +136% |
| Q4 2024 | $88.8M | +81% |
| Q3 2024 | $73.6M | +121% |
CAN's revenue is growing: $32M last quarter, down 68% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -192% | -165 points |
| Q1 2026 | -87% | -42 points |
| Q4 2025 | -7.6% | +55 points |
| Q3 2025 | -15% | +62 points |
| Q2 2025 | -27% | +38 points |
| Q1 2025 | -45% | +148 points |
| Q4 2024 | -63% | +127 points |
| Q3 2024 | -77% | +261 points |
CAN's operating margin was −192% last quarter, down 165 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's revenue has grown year over year for 12 quarters in a row: $54.2B last quarter, up 379% from the same quarter a year ago.
| 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 CAN on profitability, with a higher operating margin.
CAN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | +$325.8M |
| Q3 2025 | $0 | +$60.8M |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | -$325.8M | -$286M |
| Q3 2024 | -$60.8M | -$60.8M |
CAN's free cash flow was $0 over the past year, against −$387M 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 CAN on cash flow, with more consistent year-over-year improvement.
CAN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +4.6% | +31.7M shares |
| 1 year | +81% | +323M shares |
| 3 years | +326% | +554M shares |
| 5 years | +314% | +548M shares |
| Available history | +396% | +577M shares |
CAN has 723M diluted shares, up 81% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
CAN hasn't bought back shares in 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 CAN 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.
CAN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2022 | -1.2x | Net Cash |
| Q3 2022 | -0.8x | Net Cash |
| Q2 2022 | -0.8x | Net Cash |
| Q1 2022 | -1.0x | Net Cash |
| Q4 2021 | -1.3x | Net Cash |
| Q3 2021 | -2.9x | Net Cash |
| Q2 2021 | -54.8x | Net Cash |
CAN has more cash than debt.
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.
CAN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.6 | Neutral |
| Stochastic | 10.0 | Oversold |
CAN's weekly RSI is 33 (neutral) and its Stochastic is 10 (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).
CAN PE vs Technology Sector
| Metric | CAN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
CAN 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.
CAN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.25 | 36% below |
| 20 week MA | $0.28 | 43% below |
| 50 week MA | $0.44 | 64% below |
| 100 week MA | $0.78 | 79% below |
| 200 week MA | $1.31 | 88% below |
CAN is in a downtrend: it's below all five of its weekly moving averages, and 88% 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 CAN on trend strength, trading above more of its moving averages.
CAN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.63 | $3.73 | -34% |
| 2021 | $3.73 | $5.45 | +46% |
| 2022 | $5.45 | $2.08 | -62% |
| 2023 | $2.08 | $2.31 | +11% |
| 2024 | $2.31 | $2.23 | -3.5% |
| 2025 | $2.23 | $0.76 | -66% |
| 2026 YTD | $0.76 | $0.16 | -79% |
CAN has finished lower in four of the last six years. It's down 79% 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 CAN on returns for 2026, with the stronger performance.