MU
Micron Technology, Inc.
MU has the edge over MVIS overall, supported by stronger valuation and lower modeled downside.
MVIS
MicroVision, Inc.
MVIS's outlook is improving, though it still trails on the overall score.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
MVIS Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Unavailable |
MVIS's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
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.
MVIS PE Valuation
MVIS has no meaningful PE right now: it lost money over the past year.
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.
MVIS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect MVIS's losses to shrink, with revenue growing.
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 MVIS on earnings quality, reporting a profit while its opponent remains loss making.
MVIS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$5.11 | +$0.59 |
| Q2 2026 | -$5.41 | +$0.59 |
| Q1 2026 | -$4.65 | +$2.10 |
| Q4 2025 | -$5.25 | +$1.65 |
| Q3 2025 | -$5.70 | +$0.45 |
| Q2 2025 | -$6.00 | +$0.90 |
| Q1 2025 | -$6.75 | +$0.30 |
| Q4 2024 | -$6.90 | -$0.15 |
MVIS is still losing money, but less than at its worst: $5.11 per share over the past year, against $7.05 at its worst in early 2024.
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 MVIS 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 MVIS on profitability, with a higher operating margin.
MVIS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.4M | +896% |
| Q2 2026 | $1.5M | +850% |
| Q1 2026 | $935K | +59% |
| Q4 2025 | $223K | -86% |
| Q3 2025 | $241K | +27% |
| Q2 2025 | $155K | -92% |
| Q1 2025 | $589K | -38% |
| Q4 2024 | $1.7M | -68% |
MVIS's revenue is recovering but still below its 2023 peak: $2M last quarter, up 896% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -889% | +4389 points |
| Q2 2026 | -1644% | +7812 points |
| Q1 2026 | -2513% | -129 points |
| Q4 2025 | -18570% | -17450 points |
| Q3 2025 | -5278% | +2988 points |
| Q2 2025 | -9455% | -8159 points |
| Q1 2025 | -2384% | +410 points |
| Q4 2024 | -1120% | -730 points |
MVIS's operating margin was −889% last quarter, up 4389 points from the same quarter a year ago.
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 MVIS on cash generation, producing positive trailing cash flow while its opponent burns cash.
MVIS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$15M | +$1.6M |
| Q2 2026 | -$19.5M | -$6.5M |
| Q1 2026 | -$16.6M | -$2.4M |
| Q4 2025 | -$15.6M | -$490K |
| Q3 2025 | -$16.6M | -$2.5M |
| Q2 2025 | -$12.9M | +$5.9M |
| Q1 2025 | -$14.2M | +$6.7M |
| Q4 2024 | -$15.2M | +$1.4M |
MVIS has burned cash in almost every quarter: −$67M over the past year, against −$59M 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 the edge over MVIS on shareholder dilution, with a more favorable share count trend.
| 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.
MVIS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +23% | +5.1M shares |
| 1 year | +39% | +7.7M shares |
| 3 years | +118% | +14.8M shares |
| 5 years | +223% | +18.9M shares |
MVIS has 27M diluted shares, up 39% from 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 more cash than debt.
MVIS Net Leverage
MVIS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
MVIS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 26.2 | Oversold |
| Stochastic | 3.2 | Oversold |
MVIS's weekly RSI is 26 (oversold) and its Stochastic is 3 (oversold).
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.
MVIS PE vs Technology Sector
MVIS has no meaningful PE right now: it lost money over the past year.
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 MVIS on trend strength, trading above more of its moving averages.
MVIS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.27 | 14% below |
| 20 week MA | $2.39 | 54% below |
| 50 week MA | $7.15 | 85% below |
| 100 week MA | $12.8 | 91% below |
| 200 week MA | $22.4 | 95% below |
MVIS is in a downtrend: it's below all five of its weekly moving averages, and 95% below its 200-week average.
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 MVIS on returns for 2026, with the stronger performance.
MVIS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.1 | $98.3 | +785% |
| 2021 | $98.3 | $88.7 | -9.8% |
| 2022 | $88.7 | $34.1 | -62% |
| 2023 | $34.1 | $39.9 | +17% |
| 2024 | $39.9 | $22.7 | -43% |
| 2025 | $22.7 | $13.7 | -40% |
| 2026 YTD | $13.7 | $1.09 | -92% |
MVIS's yearly returns have swung widely, from +785% in 2020 to −62% in 2022. It's down 92% so far in 2026.