GDEV
GDEV Inc.
GDEV offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
MU
Micron Technology, Inc.
MU has the edge over GDEV overall, supported by stronger modeled upside and stronger fundamentals.
GDEV Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| Strong | |
| Strong |
GDEV's profitability, cash flow and balance sheet are currently strong, but its revenue is under pressure.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
GDEV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 2x | $8.34 | — |
| Cheap | 4.2x | $17.31 | +107% |
| Fair | 8.8x | $36.22 | +334% |
| Expensive | 12x | $51.03 | +512% |
Historical ranges are pointers, not guarantees.
GDEV has the edge over MU in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
GDEV Forward outlook
There aren't enough analyst estimates for GDEV to show an outlook.
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.
GDEV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $4.11 | +75% |
| Q1 2026 | $3.93 | +74% |
| Q4 2025 | $3.78 | +215% |
| Q3 2025 | $2.88 | +52% |
| Q2 2025 | $2.35 | +2.2% |
| Q1 2025 | $2.26 | -10% |
| Q4 2024 | $1.20 | -50% |
| Q3 2024 | $1.89 | +$5.13 |
GDEV earned $4.11 per share over the past year, up 75% 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 GDEV on earnings, with more consistent year-over-year improvement.
GDEV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $93.6M | -22% |
| Q1 2026 | $99M | +2% |
| Q4 2025 | $90M | -7.7% |
| Q3 2025 | $97.6M | -12% |
| Q2 2025 | $119.9M | +13% |
| Q1 2025 | $97M | -9.3% |
| Q4 2024 | $97.5M | -11% |
| Q3 2024 | $110.7M | -8.8% |
GDEV's revenue has slid since its 2022 peak: $94M last quarter, down 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 22% | +6.2 points |
| Q1 2026 | 18% | +4.7 points |
| Q4 2025 | 14% | +1.4 points |
| Q3 2025 | 26% | +12 points |
| Q2 2025 | 16% | +1.2 points |
| Q1 2025 | 14% | +14 points |
| Q4 2024 | 13% | +5.3 points |
| Q3 2024 | 13% | -11 points |
GDEV's operating margin was 22% last quarter, up 6.2 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 GDEV 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 GDEV on profitability, with a higher operating margin.
GDEV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $7.4M | +$17.3M |
| Q1 2026 | $7.4M | +16% |
| Q4 2025 | $20.3M | +319% |
| Q3 2025 | $15.1M | +28% |
| Q2 2025 | -$9.9M | -186% |
| Q1 2025 | $6.4M | +1654% |
| Q4 2024 | $4.8M | -50% |
| Q3 2024 | $11.8M | +46% |
GDEV still generates free cash flow, though less than at its 2022 peak: $50M 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 GDEV on cash flow, with more consistent year-over-year improvement.
GDEV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.9% | +343K shares |
| 1 year | -0.3% | -47.8K shares |
| 3 years | -2.3% | -433K shares |
| 5 years | -6% | -1.2M shares |
| Available history | -6% | -1.2M shares |
GDEV has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
GDEV 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 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.
GDEV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | 0.0x | Very low |
| Q4 2025 | -0.8x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -1.0x | Net Cash |
| Q4 2024 | -2.3x | Net Cash |
| Q3 2024 | -2.0x | Net Cash |
GDEV 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.
GDEV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.5 | Neutral |
| Stochastic | 2.5 | Oversold |
GDEV's weekly RSI is 33 (neutral) and its Stochastic is 3 (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).
GDEV PE vs Technology Sector
| Metric | GDEV | Sector median | Relative |
|---|---|---|---|
| PE | 2x | 28x | 93% below |
| PE % | 0 | 38 | 38 pts below |
GDEV has the edge over MU on valuation relative to its sector.
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.
GDEV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.95 | 16% below |
| 20 week MA | $11.1 | 25% below |
| 50 week MA | $13.7 | 39% below |
| 100 week MA | $15.6 | 47% below |
| 200 week MA | $26.5 | 69% below |
GDEV is in a downtrend: it's below all five of its weekly moving averages, and 69% 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 GDEV on trend strength, trading above more of its moving averages.
GDEV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $97.0 | $101.3 | +4.4% |
| 2021 | $101.3 | $80.1 | -21% |
| 2022 | $80.1 | $63.8 | -20% |
| 2023 | $63.8 | $22.1 | -65% |
| 2024 | $22.1 | $19.1 | -14% |
| 2025 | $19.1 | $16.0 | -16% |
| 2026 YTD | $16.0 | $8.34 | -48% |
GDEV has finished five years in a row lower, and it's down 48% 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 GDEV on returns for 2026, with the stronger performance.