IT
Gartner, Inc.
IT has slightly lower modeled downside risk, despite its lower overall score.
MU
Micron Technology, Inc.
MU has the edge over IT overall, supported by stronger fundamentals and stronger modeled upside.
IT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Healthy |
IT'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.
IT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $191 | — |
| Current | 14x | $191 | — |
| Cheap | 21x | $288 | +51% |
| Fair | 36x | $503 | +164% |
| Expensive | 49x | $692 | +263% |
Historical ranges are pointers, not guarantees.
IT 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.
IT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect IT's earnings to grow and its profitability to improve, with its revenue holding steady.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
MU has the edge over IT on the outlook, with more favorable revenue expectations.
IT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $16.18 | +15% |
| Q3 2026 | $14.03 | +23% |
| Q2 2026 | $11.15 | -31% |
| Q1 2026 | $10.12 | -37% |
| Q4 2025 | $9.65 | -40% |
| Q3 2025 | $11.37 | -16% |
| Q2 2025 | $16.22 | +54% |
| Q1 2025 | $16.04 | +59% |
| Q4 2024 | $16.00 | +44% |
IT earned $14.03 per share over the past year, up 23% 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 IT on earnings, with more consistent year-over-year improvement.
IT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | -1.3% |
| Q2 2026 | $1.7B | -0.6% |
| Q1 2026 | $1.5B | -1.5% |
| Q4 2025 | $1.8B | +2.2% |
| Q3 2025 | $1.5B | +2.7% |
| Q2 2025 | $1.7B | +5.7% |
| Q1 2025 | $1.5B | +4.2% |
| Q4 2024 | $1.7B | +8.1% |
IT's revenue grew through 2024 and has held roughly level since: $1.5B last quarter, down 1.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +13 points |
| Q2 2026 | 23% | +3.2 points |
| Q1 2026 | 21% | +2.8 points |
| Q4 2025 | 19% | +0.5 points |
| Q3 2025 | 5.7% | -11 points |
| Q2 2025 | 19% | -0.6 points |
| Q1 2025 | 18% | -0.5 points |
| Q4 2024 | 19% | -0.5 points |
IT's operating margin was 19% last quarter, up 13 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 IT 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 IT on profitability, with a higher operating margin.
IT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $275.2M | +2.2% |
| Q2 2026 | $378.4M | +8.9% |
| Q1 2026 | $370.6M | +29% |
| Q4 2025 | $270.7M | -13% |
| Q3 2025 | $269.3M | -52% |
| Q2 2025 | $347.3M | +2% |
| Q1 2025 | $287.9M | +73% |
| Q4 2024 | $311.4M | +59% |
IT's free cash flow has been positive every quarter for seven years: $1.3B over the past year, up 6.5% 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 IT on cash flow, with more consistent year-over-year improvement.
IT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -4% | -2.6M shares |
| 1 year | -15% | -11M shares |
| 3 years | -20% | -15.6M shares |
| 5 years | -25% | -20.8M shares |
| Available history | -30% | -27M shares |
IT has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $138.2M |
| Q2 2026 | $547.1M |
| Q1 2026 | $534.6M |
| Q4 2025 | $498.5M |
| Q3 2025 | $1.1B |
| Q2 2025 | $274.5M |
| Q1 2025 | $162.7M |
| Q4 2024 | $102M |
IT spent $1.7B buying back its own shares over the past year, up 7.8% from 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.
IT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.9x | Very low |
| Q2 2026 | 1.1x | Healthy |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 1.0x | Healthy |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.4x | Very low |
IT's net debt is less than a year of its operating earnings (EBITDA).
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 IT on leverage, with a lower net debt burden relative to earnings.
IT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.6 | Neutral |
| Stochastic | 58.0 | Neutral |
IT's weekly RSI is 52 (neutral) and its Stochastic is 58 (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).
IT PE vs Technology Sector
| Metric | IT | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 28x | 51% below |
| PE % | 1 | 35 | 34 pts below |
IT is trading at 14x earnings, a 51% 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 IT on valuation relative to its sector.
IT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $201.2 | 5.1% below |
| 20 week MA | $181.2 | 5.3% above |
| 50 week MA | $179.6 | 6.3% above |
| 100 week MA | $277.0 | 31% below |
| 200 week MA | $345.7 | 45% below |
IT's trend is mixed: it's above two of its five weekly moving averages, and 45% 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 IT on trend strength, trading above more of its moving averages.
IT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $153.8 | $158.6 | +3.1% |
| 2021 | $158.6 | $325.5 | +105% |
| 2022 | $325.5 | $336.0 | +3.2% |
| 2023 | $336.0 | $451.1 | +34% |
| 2024 | $451.1 | $487.0 | +7.9% |
| 2025 | $487.0 | $252.6 | -48% |
| 2026 YTD | $252.6 | $190.8 | -24% |
IT's yearly returns have swung widely, from +105% in 2021 to −48% in 2025. It's down 24% 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 IT on returns for 2026, with the stronger performance.