ERIC
Telefonaktiebolaget LM Ericsson (publ)
ERIC's outlook is improving, though it still trails on the overall score.
MU
Micron Technology, Inc.
MU has the edge over ERIC overall, supported by stronger fundamentals and stronger valuation.
ERIC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
ERIC's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
ERIC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $6.18 | -42% |
| Fair | 15x | $8.58 | -19% |
| Current | 18x | $10.61 | — |
| Expensive | 132x | $76.83 | +624% |
Historical ranges are pointers, not guarantees.
ERIC's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
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 ERIC in the historical PE scenario, which offers more potential upside but is not a forecast.
ERIC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect ERIC's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
MU has the edge over ERIC on the outlook, with more favorable revenue expectations.
ERIC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.58 | -21% |
| Q2 2026 | $0.74 | +45% |
| Q1 2026 | $0.75 | +1775% |
| Q4 2025 | $0.84 | +8300% |
| Q3 2025 | $0.73 | +$0.77 |
| Q2 2025 | $0.51 | +$1.60 |
| Q1 2025 | $0.04 | +$0.82 |
| Q4 2024 | $0.01 | +$0.83 |
ERIC earned $0.58 per share over the past year, down 21% 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 ERIC on earnings, with more consistent year-over-year improvement.
ERIC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6B | +5.8% |
| Q2 2026 | $5.3B | -4.3% |
| Q1 2026 | $5.1B | -0.9% |
| Q4 2025 | $6.8B | -9.2% |
| Q3 2025 | $5.7B | -5.9% |
| Q2 2025 | $5.5B | -7% |
| Q1 2025 | $5.2B | -6.7% |
| Q4 2024 | $7.5B | +10% |
ERIC's revenue is recovering but still below its 2022 peak: $6B last quarter, up 5.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +1.7 points |
| Q2 2026 | 11% | -1.2 points |
| Q1 2026 | 11% | -0.5 points |
| Q4 2025 | 17% | +3.5 points |
| Q3 2025 | 13% | +1.3 points |
| Q2 2025 | 12% | +7 points |
| Q1 2025 | 11% | +6.9 points |
| Q4 2024 | 14% | +3.3 points |
ERIC's operating margin was 15% last quarter, up 1.7 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 ERIC 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 ERIC on profitability, with a higher operating margin.
ERIC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $535.9M | -27% |
| Q2 2026 | $128.9M | -64% |
| Q1 2026 | $706.5M | +107% |
| Q4 2025 | $1.5B | -17% |
| Q3 2025 | $729.6M | -45% |
| Q2 2025 | $354.2M | -59% |
| Q1 2025 | $342M | -29% |
| Q4 2024 | $1.8B | +38% |
ERIC still generates free cash flow, though less than at its 2022 peak: $2.9B 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 ERIC on cash flow, with more consistent year-over-year improvement.
ERIC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -44M shares |
| 1 year | -1.9% | -64M shares |
| 3 years | -1.6% | -52M shares |
| 5 years | -1.7% | -55M shares |
| Available history | -1.4% | -48M shares |
ERIC has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $454.9M |
| Q2 2026 | $339.8M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
ERIC spent $795M buying back its own shares over the past year, after none 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.
ERIC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | 0.0x | Very low |
| Q3 2025 | 0.0x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | 0.1x | Very low |
ERIC 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 the edge over ERIC on leverage, with a lower net debt burden relative to earnings.
ERIC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.2 | Neutral |
| Stochastic | 75.8 | Neutral |
ERIC's weekly RSI is 51 (neutral) and its Stochastic is 76 (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).
ERIC PE vs Technology Sector
| Metric | ERIC | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 28x | 34% below |
| PE % | 64 | 35 | 29 pts above |
ERIC is trading at 18x earnings, a 34% discount 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 ERIC on valuation relative to its sector.
ERIC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.2 | 4% above |
| 20 week MA | $10.2 | 4% above |
| 50 week MA | $10.8 | 1.4% below |
| 100 week MA | $9.51 | 12% above |
| 200 week MA | $7.71 | 38% above |
ERIC 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.
ERIC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.86 | $11.8 | +33% |
| 2021 | $11.8 | $10.8 | -8.4% |
| 2022 | $10.8 | $5.89 | -45% |
| 2023 | $5.89 | $6.30 | +7% |
| 2024 | $6.30 | $8.10 | +29% |
| 2025 | $8.10 | $9.68 | +20% |
| 2026 YTD | $9.68 | $10.6 | +9.6% |
ERIC has finished higher in four of the last six years. It's up 9.6% 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 ERIC on returns for 2026, with the stronger performance.