GCT
GigaCloud Technology Inc.
GCT's outlook is improving, though it still trails on the overall score.
MU
Micron Technology, Inc.
MU has the edge over GCT overall, supported by stronger valuation and stronger modeled upside.
GCT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Strong |
GCT's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
GCT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.7x | $31.18 | -52% |
| Fair | 9.6x | $44.23 | -32% |
| Forward | 12x | $64.79 | — |
| Expensive | 13x | $58.32 | -10% |
| Current | 14x | $64.79 | — |
Historical ranges are pointers, not guarantees.
GCT's PE is in its expensive range at 14x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
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 GCT in the historical PE scenario, which offers more potential upside but is not a forecast.
GCT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for GCT, 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.
GCT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.61 | +21% |
| Q3 2026 | $4.62 | +38% |
| Q2 2026 | $4.20 | +26% |
| Q1 2026 | $3.95 | +29% |
| Q4 2025 | $3.59 | +18% |
| Q3 2025 | $3.34 | +5.7% |
| Q2 2025 | $3.33 | +20% |
| Q1 2025 | $3.07 | +19% |
| Q4 2024 | $3.05 | +33% |
GCT's earnings per share have climbed steadily: $4.62 over the past year, up 38% from the year before, and higher year over year for 15 quarters in a row.
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.
GCT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $423.6M | +27% |
| Q2 2026 | $411.6M | +28% |
| Q1 2026 | $359.5M | +32% |
| Q4 2025 | $362.7M | +23% |
| Q3 2025 | $332.6M | +9.7% |
| Q2 2025 | $322.6M | +3.8% |
| Q1 2025 | $271.9M | +8.3% |
| Q4 2024 | $295.8M | +21% |
GCT's revenue has grown year over year every quarter since early 2021: $424M last quarter, up 27% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +1.8 points |
| Q2 2026 | 12% | +0.4 points |
| Q1 2026 | 12% | +1.4 points |
| Q4 2025 | 11% | +1.8 points |
| Q3 2025 | 12% | -1.3 points |
| Q2 2025 | 11% | +2.3 points |
| Q1 2025 | 10% | -3.4 points |
| Q4 2024 | 9.3% | -5.8 points |
GCT's operating margin was 14% last quarter, up 1.8 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 GCT on sales, with stronger typical year-over-year growth.
| 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 GCT on profitability, with a higher operating margin.
GCT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $55.8M | -28% |
| Q2 2026 | $45.1M | +22% |
| Q1 2026 | -$26.2M | -472% |
| Q4 2025 | $61.7M | -7.9% |
| Q3 2025 | $77.1M | +50% |
| Q2 2025 | $37M | +187% |
| Q1 2025 | $7M | -38% |
| Q4 2024 | $66.9M | +42% |
GCT generated $136M in free cash flow over the past year, down 27% 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 has the edge over GCT on cash flow, with more consistent year-over-year improvement.
GCT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2% | -722K shares |
| 1 year | -4.7% | -1.8M shares |
| 3 years | -12% | -5.1M shares |
| 5 years | -11% | -4.4M shares |
| Available history | +277% | +26.3M shares |
GCT has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $17.7M |
| Q2 2026 | $30M |
| Q1 2026 | $12.3M |
| Q1 2025 | $22.7M |
| Q4 2024 | $23.2M |
| Q4 2023 | — |
| Q3 2023 | $1.5M |
| Q2 2023 | — |
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.
GCT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.9x | Net Cash |
| Q2 2026 | -1.9x | Net Cash |
| Q1 2026 | -2.0x | Net Cash |
| Q4 2025 | -2.5x | Net Cash |
| Q3 2025 | -2.4x | Net Cash |
| Q2 2025 | -1.7x | Net Cash |
| Q1 2025 | -1.9x | Net Cash |
| Q4 2024 | -1.9x | Net Cash |
GCT 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.
GCT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 75.7 | Overbought |
| Stochastic | 79.3 | Neutral |
GCT's weekly RSI is 76 (overbought) and its Stochastic is 79 (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).
GCT PE vs Technology Sector
| Metric | GCT | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 28x | 50% below |
| PE % | 91 | 43 | 48 pts above |
GCT is trading at 14x earnings, a 50% discount 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 GCT on valuation relative to its sector.
GCT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $57.8 | 12% above |
| 20 week MA | $50.6 | 28% above |
| 50 week MA | $44.2 | 46% above |
| 100 week MA | $33.1 | 96% above |
| 200 week MA | $25.6 | 153% above |
GCT 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.
GCT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $48.0 | $5.53 | -88% |
| 2023 | $5.53 | $18.3 | +231% |
| 2024 | $18.3 | $17.6 | -4% |
| 2025 | $17.6 | $40.2 | +129% |
| 2026 YTD | $40.2 | $64.8 | +61% |
GCT's yearly returns have swung widely, from +231% in 2023 to −88% in 2022. It's up 61% 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 GCT on returns for 2026, with the stronger performance.