MU
Micron Technology, Inc.
MU has the edge over NSYS overall, supported by stronger valuation and stronger modeled upside.
NSYS
Nortech Systems Incorporated
NSYS trails on the overall score without a compensating advantage in the available component scores.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
NSYS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Weak |
NSYS's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is weak.
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 NSYS in the historical PE scenario, which offers more potential upside but is not a forecast.
NSYS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.5x | $2.84 | -74% |
| Fair | 7.1x | $4.48 | -59% |
| Expensive | 17x | $10.91 | -0.1% |
| Current | 17x | $10.92 | — |
Historical ranges are pointers, not guarantees.
NSYS's PE is in its expensive range at 17x.
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.
NSYS Forward outlook
There aren't enough analyst estimates for NSYS 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 NSYS on earnings, with more consistent year-over-year improvement.
NSYS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.63 | +$1.55 |
| Q2 2026 | $0.37 | +$1.51 |
| Q1 2026 | $0.38 | +$1.59 |
| Q4 2025 | -$0.09 | +$0.38 |
| Q3 2025 | -$0.92 | -159% |
| Q2 2025 | -$1.14 | -151% |
| Q1 2025 | -$1.21 | -150% |
| Q4 2024 | -$0.47 | -120% |
NSYS has returned to profit: it earned $0.63 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 edge over NSYS 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 NSYS on profitability, with a higher operating margin.
NSYS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $33M | +8.4% |
| Q2 2026 | $33.5M | +9.3% |
| Q1 2026 | $30.3M | +13% |
| Q4 2025 | $30.3M | +5.9% |
| Q3 2025 | $30.5M | -2.9% |
| Q2 2025 | $30.7M | -9.5% |
| Q1 2025 | $26.9M | -21% |
| Q4 2024 | $28.6M | -21% |
NSYS's revenue has grown year over year for four quarters in a row: $33M last quarter, up 8.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.3% | +1.2 points |
| Q2 2026 | 1.9% | -0.6 points |
| Q1 2026 | 0.2% | +6.2 points |
| Q4 2025 | 3% | +7.3 points |
| Q3 2025 | 3.1% | +4.6 points |
| Q2 2025 | 2.4% | +1.4 points |
| Q1 2025 | -6% | -9.4 points |
| Q4 2024 | -4.3% | -12 points |
NSYS's operating margin was 4.3% last quarter, up 1.2 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 NSYS on cash flow, with more consistent year-over-year improvement.
NSYS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.1M | +$2.3M |
| Q2 2026 | -$983K | -1795% |
| Q1 2026 | -$1.8M | +$1.4M |
| Q4 2025 | $5.5M | +986% |
| Q3 2025 | -$242K | +$1.3M |
| Q2 2025 | $58K | +$4.6M |
| Q1 2025 | -$3.2M | -253% |
| Q4 2024 | $503K | +$1.1M |
NSYS's free cash flow has turned positive after two years mostly in the red: $5M over the past year.
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 NSYS 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.
NSYS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +37.1K shares |
| 1 year | +9% | +251K shares |
| 3 years | +5.1% | +147K shares |
| 5 years | +5.4% | +156K shares |
| Available history | +14% | +371K shares |
NSYS has 3M diluted shares, up 9% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
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.
NSYS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2024 | 5.0x | High |
| Q3 2024 | 1.5x | Healthy |
| Q2 2024 | 0.9x | Very low |
| Q1 2024 | 0.3x | Very low |
| Q4 2023 | 0.6x | Very low |
NSYS's net debt is about 5.0 years of its operating earnings (EBITDA), up from less than a year 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).
NSYS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.0 | Neutral |
| Stochastic | 20.2 | Neutral |
NSYS's weekly RSI is 44 (neutral) and its Stochastic is 20 (neutral).
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 NSYS on valuation relative to its sector.
NSYS PE vs Technology Sector
| Metric | NSYS | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 28x | 38% below |
| PE % | 83 | 35 | 48 pts above |
NSYS is trading at 17x earnings, a 38% discount to the Technology sector's median of 28x.
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.
NSYS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.9 | 0% above |
| 20 week MA | $12.2 | 10% below |
| 50 week MA | $11.6 | 5.5% below |
| 100 week MA | $10.4 | 5.1% above |
| 200 week MA | $10.9 | 0.5% above |
NSYS has slipped below its 8-, 20- and 50-week averages, though it's still 0.5% above 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 NSYS on returns for 2026, with the stronger performance.
NSYS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.35 | $6.00 | +12% |
| 2021 | $6.00 | $10.2 | +69% |
| 2022 | $10.2 | $12.1 | +19% |
| 2023 | $12.1 | $9.42 | -22% |
| 2024 | $9.42 | $10.5 | +11% |
| 2025 | $10.5 | $7.39 | -30% |
| 2026 YTD | $7.39 | $10.9 | +48% |
NSYS has finished higher in four of the last six years. It's up 48% so far in 2026.