MQ
Marqeta, Inc.
MQ's outlook is improving, though it still trails on the overall score.
MU
Micron Technology, Inc.
MU has the edge over MQ overall, supported by stronger modeled upside and stronger valuation.
MQ Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
MQ's revenue, profitability, cash flow and balance sheet are all currently healthy.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
MQ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 15x | $18.03 | — |
| Forward | 39x | $18.03 | — |
| Cheap | 57x | $71.08 | +294% |
| Fair | 153x | $190 | +953% |
| Expensive | 383x | $474 | +2531% |
Historical ranges are pointers, not guarantees.
MQ 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.
MQ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for MQ, with profitability improving. 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 MQ on the outlook, with more favorable valuation expectations.
MQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.47 | -62% |
| Q3 2026 | $1.24 | +$1.56 |
| Q2 2026 | $0.11 | +$0.63 |
| Q1 2026 | $0.04 | -90% |
| Q4 2025 | -$0.12 | -160% |
| Q3 2025 | -$0.32 | -500% |
| Q2 2025 | -$0.52 | -$0.44 |
| Q1 2025 | $0.40 | +$1.84 |
| Q4 2024 | $0.20 | +$1.88 |
MQ has returned to profit: it earned $1.24 per share over the past year, after losing money 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 MQ on earnings, with more consistent year-over-year improvement.
MQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $176.2M | +7.9% |
| Q2 2026 | $176M | +17% |
| Q1 2026 | $165.8M | +19% |
| Q4 2025 | $172.1M | +27% |
| Q3 2025 | $163.3M | +28% |
| Q2 2025 | $150.4M | +20% |
| Q1 2025 | $139.1M | +18% |
| Q4 2024 | $135.8M | +14% |
MQ's revenue has grown year over year for nine quarters in a row: $176M last quarter, up 7.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.6% | +9.9 points |
| Q2 2026 | 2.1% | +8.2 points |
| Q1 2026 | 1.3% | +15 points |
| Q4 2025 | -4.8% | +23 points |
| Q3 2025 | -6.3% | +27 points |
| Q2 2025 | -6.1% | -90 points |
| Q1 2025 | -13% | +29 points |
| Q4 2024 | -28% | +20 points |
MQ's operating margin was 3.6% last quarter, up 9.9 points from the same quarter a year ago, near the top of its range since 2020.
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 MQ 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 MQ on profitability, with a higher operating margin.
MQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $26M | -70% |
| Q2 2026 | $63M | +416% |
| Q1 2026 | -$4.6M | -153% |
| Q4 2025 | $53.5M | +116% |
| Q3 2025 | $86.4M | +1118% |
| Q2 2025 | $12.2M | -51% |
| Q1 2025 | $8.7M | +$9.5M |
| Q4 2024 | $24.7M | +50% |
MQ generated $138M in free cash flow over the past year, up 4.4% 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 MQ on cash flow, with more consistent year-over-year improvement.
MQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -1M shares |
| 1 year | -5.7% | -6.4M shares |
| 3 years | -20% | -26.6M shares |
| 5 years | +80% | +47.1M shares |
| Available history | -12% | -15.1M shares |
MQ has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $11.2M |
| Q2 2026 | $54.7M |
| Q1 2026 | $39.2M |
| Q4 2025 | $96.6M |
| Q3 2025 | $19.6M |
| Q2 2025 | $163.9M |
| Q1 2025 | $111.3M |
| Q4 2024 | $16.7M |
MQ spent $202M buying back its own shares over the past year, down 35% 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.
MQ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -17.2x | Net Cash |
| Q2 2026 | -33.3x | Net Cash |
| Q1 2026 | -138.1x | Net Cash |
| Q1 2025 | -31.8x | Net Cash |
MQ 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.
MQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.5 | Neutral |
| Stochastic | 71.8 | Neutral |
MQ's weekly RSI is 54 (neutral) and its Stochastic is 72 (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).
MQ PE vs Technology Sector
| Metric | MQ | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 28x | 48% below |
| PE % | 0 | 43 | 43 pts below |
MQ is trading at 15x 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 MQ on valuation relative to its sector.
MQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.0 | 0.3% above |
| 20 week MA | $17.1 | 5.3% above |
| 50 week MA | $17.0 | 6.1% above |
| 100 week MA | $18.1 | 0.3% below |
| 200 week MA | $19.8 | 9% below |
MQ has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 9% 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 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.
MQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $126.0 | $69.8 | -45% |
| 2022 | $69.8 | $24.0 | -66% |
| 2023 | $24.0 | $27.9 | +16% |
| 2024 | $27.9 | $14.6 | -48% |
| 2025 | $14.6 | $19.4 | +33% |
| 2026 YTD | $19.4 | $18.0 | -7.3% |
MQ has finished lower in three of the last five years. It's down 7.3% 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 MQ on returns for 2026, with the stronger performance.