MU
Micron Technology, Inc.
MU's fundamentals are strong and it looks cheap: trading at 11x earnings, about half its usual 22x. Analysts expect strong earnings growth.
NA
Nano Labs Ltd
There isn't enough reported data to score NA yet.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
NA Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| Unavailable | |
| Stable |
NA's profitability is currently healthy, and its balance sheet is stable. There isn't enough data to rate its revenue and cash flow.
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 has the edge over NA in the historical PE scenario, which offers more potential upside but is not a forecast.
NA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 0.7x | $1.38 | — |
| Cheap | 0.9x | $0.89 | -36% |
| Fair | 1.1x | $1.11 | -19% |
| Expensive | 135x | $138 | +9887% |
Historical ranges are pointers, not guarantees.
NA's PE is 0.7x, but its earnings don't support one, so it isn't a reliable read right now.
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.
NA Forward outlook
There aren't enough analyst estimates for NA to show an outlook.
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 NA in the latest year-over-year earnings comparison.
NA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $1.02 | +$3.13 |
| Q2 2025 | -$0.90 | +$3.21 |
| Q4 2024 | -$2.11 | +$2.53 |
| Q4 2023 | -$4.64 | -1155% |
| Q4 2022 | $0.44 | +$0.95 |
| Q4 2021 | -$0.51 | -$0.37 |
NA has returned to profit: it earned $1.02 per share over the past year, after losing money the year before.
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 stronger quarterly revenue trend. Revenue is up 379% for MU versus down 28% for NA.
| 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's operating margin was 81% last quarter, up 48 points from the same quarter a year ago, near the top of its range since 2019.
NA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $2.8M | +18% |
| Q2 2025 | $1.2M | -67% |
| Q4 2024 | $2.4M | -39% |
| Q2 2024 | $3.7M | -53% |
| Q4 2023 | $3.9M | -97% |
| Q4 2022 | $147.5M | +31029% |
| Q4 2021 | $474K | +205% |
| Q3 2021 | $2M | +1200% |
NA's revenue has slid since its 2022 peak: $3M last quarter, down 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | 584% | +1062 points |
| Q2 2025 | -459% | -198 points |
| Q4 2024 | -251% | -253 points |
| Q2 2024 | -237% | +4093 points |
| Q4 2023 | -477% | -419 points |
| Q2 2023 | -261% | -111 points |
| Q4 2022 | 2.1% | +152 points |
| Q4 2021 | -4330% | -3360 points |
NA's operating margin was 584% last quarter, up 1062 points from the same quarter a year ago, near the top of its range since 2020.
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 stronger cash trend. Its trailing FCF is up 3,213% versus its history, compared with NA at down 126%.
NA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | -$8.5M | +$1.4M |
| Q2 2025 | -$7.7M | +$8.8M |
| Q4 2024 | -$9.9M | +$7.8M |
| Q2 2024 | -$16.5M | +$1.6M |
| Q4 2023 | -$17.8M | +$26.1M |
| Q4 2022 | -$43.9M | -1956% |
| Q4 2021 | $2.4M | +115% |
| Q3 2021 | $2.4M | +115% |
NA has burned cash in most quarters: −$43M over the past year, against −$77M 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 NA 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.
NA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +20% | +3.3M shares |
| 1 year | +237% | +14M shares |
| 3 years | -50% | -19.8M shares |
NA has 20M diluted shares, up 237% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
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.
NA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 2.6x | Moderate |
| Q4 2022 | -2.9x | Net Cash |
NA's net debt is about 2.6 years of its operating earnings (EBITDA).
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).
NA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.8 | Neutral |
| Stochastic | 7.6 | Oversold |
NA's weekly RSI is 35 (neutral) and its Stochastic is 8 (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.
NA PE vs Technology Sector
| Metric | NA | Sector median | Relative |
|---|---|---|---|
| PE | 0.7x | 28x | 98% below |
| PE % | 0 | 44 | 44 pts below |
NA has the edge over MU on valuation relative to its sector.
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 NA on trend strength, trading above more of its moving averages.
NA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.81 | 24% below |
| 20 week MA | $1.93 | 28% below |
| 50 week MA | $2.44 | 43% below |
| 100 week MA | $4.19 | 67% below |
| 200 week MA | $7.77 | 82% below |
NA is in a downtrend: it's below all five of its weekly moving averages, and 82% 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 NA on returns for 2026, with the stronger performance.
NA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $68.0 | $10.6 | -84% |
| 2023 | $10.6 | $18.1 | +71% |
| 2024 | $18.1 | $7.75 | -57% |
| 2025 | $7.75 | $3.16 | -59% |
| 2026 YTD | $3.16 | $1.38 | -56% |
NA has finished lower in three of the last four years. It's down 56% so far in 2026.