MU
Micron Technology, Inc.
MU has the edge over NIQ overall, supported by stronger valuation and stronger fundamentals.
NIQ
NIQ Global Intelligence Plc
NIQ'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.
NIQ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Healthy | |
| Under pressure |
NIQ's cash flow is currently healthy, and its revenue is stable, but its profitability and balance sheet are under pressure.
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.
NIQ PE Valuation
NIQ 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.
NIQ Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for NIQ, with profitability improving.
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 NIQ in the latest year-over-year earnings comparison.
NIQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.26 | — |
| Q1 2025 | -$2.75 | -$0.68 |
| Q4 2024 | -$2.97 | -$1.22 |
NIQ lost $0.40 per share over the past year, a smaller loss than 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 edge over NIQ 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 NIQ on profitability, with a higher operating margin.
NIQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +6.3% |
| Q2 2026 | $1.1B | +8% |
| Q1 2026 | $1.1B | +1.3% |
| Q4 2025 | $1.1B | -1.1% |
| Q3 2025 | $1.1B | -13% |
| Q2 2025 | $1B | +5.4% |
| Q1 2025 | $1.1B | +2.5% |
| Q4 2024 | $1.2B | -4.8% |
NIQ's revenue grew through 2024 and has held roughly level since: $1.1B last quarter, up 6.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.5% | +13 points |
| Q2 2026 | 5.8% | +2 points |
| Q1 2026 | -0.9% | -3.1 points |
| Q4 2025 | 5.7% | -6.9 points |
| Q3 2025 | -3.3% | -6.2 points |
| Q2 2025 | 3.8% | +6.6 points |
| Q1 2025 | 2.2% | +5.5 points |
| Q4 2024 | 13% | +1.3 points |
NIQ's operating margin was 9.5% last quarter, up 13 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 NIQ in the latest year-over-year cash flow comparison.
NIQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $247M | -6.7% |
| Q1 2026 | -$66.8M | +$105M |
| Q4 2025 | $173.2M | +220% |
| Q3 2025 | $264.8M | +369% |
| Q1 2025 | -$171.8M | -$17.2M |
NIQ generated $489M in free cash flow over the past year, up 140% 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 the edge over NIQ 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.
NIQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +1.3M shares |
| 1 year | +5.1% | +14.4M shares |
| 3 years | +0.5% | +1.4M shares |
NIQ has 296M diluted shares, up 5.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
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 NIQ on leverage, with a lower net debt burden relative to earnings.
NIQ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.5x | Elevated |
| Q2 2026 | 4.3x | High |
| Q1 2026 | 4.6x | High |
| Q4 2025 | 4.4x | High |
| Q3 2025 | 5.4x | High |
| Q2 2025 | 8.2x | High |
| Q1 2025 | 11.4x | High |
| Q4 2024 | 11.1x | High |
NIQ's net debt is about 3.5 years of its operating earnings (EBITDA), down from 5.3 years a year ago.
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).
NIQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.3 | Neutral |
| Stochastic | 88.9 | Overbought |
NIQ's weekly RSI is 62 (neutral) and its Stochastic is 89 (overbought).
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.
NIQ PE vs Technology Sector
NIQ 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 |
NIQ has stronger trend alignment. MU is above 3 of 5 weekly averages versus NIQ above 3 of 3.
NIQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.8 | 2.1% above |
| 20 week MA | $16.3 | 18% above |
| 50 week MA | $13.9 | 39% above |
NIQ is in an uptrend: it's above all three of its weekly moving averages, and 39% above its 50-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 NIQ on returns for 2026, with the stronger performance.
NIQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $19.7 | $16.4 | -17% |
| 2026 YTD | $16.4 | $19.2 | +17% |
NIQ has finished every year since 2025 lower, and it's up 17% so far in 2026.