INGM
Ingram Micro Holding Corporation
INGM's outlook is improving, though it still trails on the overall score.
MU
Micron Technology, Inc.
MU has the edge over INGM overall, supported by stronger valuation and stronger fundamentals.
INGM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Stable |
INGM's revenue and profitability are currently healthy, and its cash flow and balance sheet are stable.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
INGM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.6x | $28.77 | — |
| Current | 14x | $28.77 | — |
| Cheap | 15x | $30.53 | +6.1% |
| Fair | 17x | $33.53 | +17% |
| Expensive | 18x | $36.54 | +27% |
Historical ranges are pointers, not guarantees.
INGM 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.
INGM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for INGM, with profitability holding steady.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
MU has the edge over INGM on the outlook, with more favorable profitability expectations.
INGM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.77 | +89% |
| Q3 2026 | $1.99 | +62% |
| Q2 2026 | $1.84 | +59% |
| Q1 2026 | $1.52 | +24% |
| Q4 2025 | $1.39 | +21% |
| Q3 2025 | $1.23 | -10% |
| Q2 2025 | $1.16 | -17% |
| Q1 2025 | $1.23 | -15% |
| Q4 2024 | $1.15 | -23% |
INGM's earnings per share have fallen from their peak: $1.99 over the past year, against $10.22 in late 2022.
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 INGM on earnings, with more consistent year-over-year improvement.
INGM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $15.2B | +21% |
| Q2 2026 | $14.5B | +14% |
| Q1 2026 | $14B | +14% |
| Q4 2025 | $14.9B | +11% |
| Q3 2025 | $12.6B | +7.2% |
| Q2 2025 | $12.8B | +11% |
| Q1 2025 | $12.3B | +8.3% |
| Q4 2024 | $13.3B | +2.5% |
INGM's revenue has grown year over year for eight quarters in a row: $15.2B last quarter, up 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.9% | +0.2 points |
| Q2 2026 | 1.6% | +0.5 points |
| Q1 2026 | 1.6% | 0 points |
| Q4 2025 | 2.1% | +0.2 points |
| Q3 2025 | 1.8% | -0.1 points |
| Q2 2025 | 1.1% | -0.4 points |
| Q1 2025 | 1.6% | +0.1 points |
| Q4 2024 | 1.9% | -0.7 points |
INGM's operating margin was 1.9% last quarter, about level with 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 INGM 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 INGM on profitability, with a higher operating margin.
INGM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $211.2M | +$386.2M |
| Q2 2026 | -$566.1M | -$233M |
| Q1 2026 | -$1B | -$784M |
| Q4 2025 | $1.5B | +456% |
| Q2 2025 | -$333.2M | -191% |
| Q1 2025 | -$230.2M | -$94.3M |
| Q4 2024 | $273.9M | +$311.4M |
| Q2 2024 | $368.1M | +363% |
INGM's free cash flow has turned positive after two years mostly in the red: $155M 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 INGM on cash flow, with more consistent year-over-year improvement.
INGM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -459K shares |
| 1 year | -1.6% | -3.8M shares |
| 3 years | -1.3% | -3.1M shares |
| 5 years | -1.3% | -3.1M shares |
| Available history | -1.3% | -3.1M shares |
INGM has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $17M |
| Q2 2026 | $30M |
| Q1 2026 | $75M |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| 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.
INGM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.5x | Moderate |
| Q1 2026 | 2.2x | Moderate |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 3.0x | Moderate |
| Q2 2025 | 2.9x | Moderate |
| Q1 2025 | 2.4x | Moderate |
| Q4 2024 | 2.3x | Moderate |
INGM's net debt is about 2.3 years of its operating earnings (EBITDA), down from 3.0 years a year ago.
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 INGM on leverage, with a lower net debt burden relative to earnings.
INGM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.7 | Neutral |
| Stochastic | 50.3 | Neutral |
INGM's weekly RSI is 55 (neutral) and its Stochastic is 50 (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).
INGM PE vs Technology Sector
| Metric | INGM | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 28x | 48% below |
| PE % | 6 | 22 | 16 pts below |
INGM is trading at 14x earnings, a 48% 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 INGM on valuation relative to its sector.
INGM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $27.5 | 4.5% above |
| 20 week MA | $27.9 | 3.1% above |
| 50 week MA | $25.8 | 12% above |
| 100 week MA | $23.0 | 25% above |
INGM has stronger trend alignment. INGM is above 4 of 4 weekly averages versus MU above 3 of 5.
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.
INGM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $24.3 | $19.6 | -19% |
| 2025 | $19.6 | $22.1 | +13% |
| 2026 YTD | $22.1 | $28.8 | +30% |
INGM is up 30% so far in 2026, after finishing lower in one of the previous two years.
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 INGM on returns for 2026, with the stronger performance.