CRNC
Cerence Inc.
CRNC trails on the overall score without a compensating advantage in the available component scores.
MU
Micron Technology, Inc.
MU has the edge over CRNC overall, supported by stronger valuation and stronger modeled upside.
CRNC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Strong | |
| Strong |
CRNC's revenue, cash flow and balance sheet are currently healthy, and its profitability is stable.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
CRNC PE Valuation
CRNC 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.
CRNC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Decline | |
| Stable | |
| Limited | |
| High |
Analysts expect CRNC's earnings and revenue to decline, though with profitability holding steady.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
MU has the edge over CRNC on the outlook, with more favorable earnings and revenue expectations.
CRNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.82 | — |
| Q2 2026 | -$0.31 | +$0.35 |
| Q1 2026 | -$0.40 | +$7.70 |
| Q4 2025 | $0.02 | +$15.24 |
| Q3 2025 | -$0.43 | +$13.69 |
| Q2 2025 | -$0.66 | +$13.26 |
| Q1 2025 | -$8.10 | -$1.27 |
| Q4 2024 | -$15.22 | -$14.40 |
| Q3 2024 | -$14.12 | -$12.72 |
CRNC is still losing money, but far less than before: $0.31 per share over the past year, against $15.22 at its worst in late 2024.
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 CRNC on earnings quality, reporting a profit while its opponent remains loss making.
CRNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $69.6M | +12% |
| Q1 2026 | $64.2M | -18% |
| Q4 2025 | $115.1M | +126% |
| Q3 2025 | $60.6M | +11% |
| Q2 2025 | $62.2M | -12% |
| Q1 2025 | $78M | +15% |
| Q4 2024 | $50.9M | -63% |
| Q3 2024 | $54.8M | -32% |
CRNC's revenue is recovering but still below its 2023 peak: $70M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 2.7% | +4.2 points |
| Q1 2026 | -3.8% | -26 points |
| Q4 2025 | 25% | +59 points |
| Q3 2025 | -2.9% | +32 points |
| Q2 2025 | -1.5% | +502 points |
| Q1 2025 | 22% | +412 points |
| Q4 2024 | -33% | -76 points |
| Q3 2024 | -35% | -40 points |
CRNC's operating margin was 2.7% last quarter, up 4.2 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 CRNC 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 CRNC on profitability, with a higher operating margin.
CRNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $19.6M | +22% |
| Q1 2026 | $13.6M | +3.8% |
| Q4 2025 | $35.6M | +352% |
| Q3 2025 | $9.7M | +109% |
| Q2 2025 | $16.1M | +33% |
| Q1 2025 | $13.1M | +$13.9M |
| Q4 2024 | $7.9M | +$11.6M |
| Q3 2024 | $4.7M | -52% |
CRNC generated $79M in free cash flow over the past year, up 88% 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 generated $59B in free cash flow over the past year, more than ten times what it generated the year before.
CRNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.8% | +845K shares |
| 1 year | +10% | +4.5M shares |
| 3 years | +18% | +7.4M shares |
| 5 years | +21% | +8.4M shares |
| Available history | +31% | +11.4M shares |
CRNC has 48M diluted shares, up 10% from a year ago, despite $8M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $52,000 |
| Q1 2026 | $13,000 |
| Q4 2025 | $7.5M |
| Q3 2025 | $180,000 |
| Q2 2025 | $29,000 |
| Q1 2025 | $802,000 |
| Q4 2024 | $1.4M |
| Q3 2024 | $8,000 |
CRNC spent $8M buying back its own shares over the past year, about four times what it spent 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 the edge over CRNC 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.
CRNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2019 | 0.0x | Very low |
CRNC 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.
CRNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.5 | Neutral |
| Stochastic | 31.1 | Neutral |
CRNC's weekly RSI is 45 (neutral) and its Stochastic is 31 (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).
CRNC PE vs Technology Sector
| Metric | CRNC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
CRNC 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.
CRNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.27 | 1.3% below |
| 20 week MA | $8.62 | 5.3% below |
| 50 week MA | $9.28 | 12% below |
| 100 week MA | $9.87 | 17% below |
| 200 week MA | $12.9 | 37% below |
CRNC is in a downtrend: it's below all five of its weekly moving averages, and 37% 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 CRNC on trend strength, trading above more of its moving averages.
CRNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.0 | $105.1 | +401% |
| 2021 | $105.1 | $78.9 | -25% |
| 2022 | $78.9 | $18.6 | -76% |
| 2023 | $18.6 | $19.7 | +5.9% |
| 2024 | $19.7 | $8.49 | -57% |
| 2025 | $8.49 | $11.1 | +30% |
| 2026 YTD | $11.1 | $8.16 | -26% |
CRNC's yearly returns have swung widely, from +401% in 2020 to −76% in 2022. It's down 26% 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 CRNC on returns for 2026, with the stronger performance.