MU
Micron Technology, Inc.
MU has the edge over NTGR overall, supported by stronger fundamentals and stronger valuation.
NTGR
NETGEAR, Inc.
NTGR 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.
NTGR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Strong |
NTGR's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow 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.
NTGR PE Valuation
NTGR 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.
NTGR Forward outlook
There aren't enough analyst estimates for NTGR 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 NTGR on earnings quality, reporting a profit while its opponent remains loss making.
NTGR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.22 | -$0.33 |
| Q2 2026 | -$0.94 | -143% |
| Q1 2026 | -$0.89 | -206% |
| Q4 2025 | -$0.63 | -250% |
| Q3 2025 | -$0.89 | -241% |
| Q2 2025 | $2.18 | +$7.32 |
| Q1 2025 | $0.84 | +$4.71 |
| Q4 2024 | $0.42 | +$3.99 |
NTGR is still losing money, but far less than before: $1.22 per share over the past year, against $5.14 at its worst in mid-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 NTGR 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 NTGR on profitability, with a higher operating margin.
NTGR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $167.3M | -9.3% |
| Q2 2026 | $168.6M | -1.2% |
| Q1 2026 | $158.8M | -2% |
| Q4 2025 | $182.5M | 0% |
| Q3 2025 | $184.6M | +0.9% |
| Q2 2025 | $170.5M | +19% |
| Q1 2025 | $162.1M | -1.5% |
| Q4 2024 | $182.4M | -3.3% |
NTGR's revenue fell from its 2020 peak and has held roughly level since: $167M last quarter, down 9.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -8.2% | -4.4 points |
| Q2 2026 | -5% | +0.6 points |
| Q1 2026 | -8.6% | -0.7 points |
| Q4 2025 | -2.6% | +5.7 points |
| Q3 2025 | -3.8% | -56 points |
| Q2 2025 | -5.6% | +27 points |
| Q1 2025 | -7.9% | +5.3 points |
| Q4 2024 | -8.3% | -6.8 points |
NTGR's operating margin was −8.2% last quarter, down 4.4 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 NTGR on cash generation, producing positive trailing cash flow while its opponent burns cash.
NTGR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$5.2M | +$11.9M |
| Q2 2026 | -$11.6M | -$6.3M |
| Q1 2026 | -$2.2M | +$8M |
| Q4 2025 | $13.6M | -28% |
| Q3 2025 | -$17.1M | -116% |
| Q2 2025 | -$5.3M | -133% |
| Q1 2025 | -$10.1M | -169% |
| Q4 2024 | $19M | -65% |
NTGR has burned cash in six of the last eight quarters: −$5M over the past year, against −$14M 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.
NTGR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +16K shares |
| 1 year | -5.5% | -1.6M shares |
| 3 years | -8.4% | -2.5M shares |
| 5 years | -12% | -3.7M shares |
| Available history | -15% | -4.9M shares |
NTGR has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $15M |
| Q2 2026 | $12.9M |
| Q1 2026 | $20.2M |
| Q4 2025 | $15M |
| Q3 2025 | $20M |
| Q2 2025 | $7.5M |
| Q1 2025 | $8.2M |
| Q4 2024 | $10.2M |
NTGR spent $63M buying back its own shares over the past year, up 38% from the year before.
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.
NTGR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | -3.7x | Net Cash |
| Q1 2025 | -9.7x | Net Cash |
| Q4 2024 | -15.3x | Net Cash |
| Q3 2024 | -8.9x | Net Cash |
| Q4 2021 | -3.3x | Net Cash |
| Q3 2021 | -2.5x | Net Cash |
| Q2 2021 | -2.4x | Net Cash |
| Q1 2021 | -2.9x | Net Cash |
NTGR has more cash than debt.
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).
NTGR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 23.9 | Neutral |
NTGR's weekly RSI is 42 (neutral) and its Stochastic is 24 (neutral).
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.
NTGR PE vs Technology Sector
| Metric | NTGR | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
NTGR 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 NTGR on trend strength, trading above more of its moving averages.
NTGR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $21.9 | 8.3% below |
| 20 week MA | $22.3 | 10% below |
| 50 week MA | $23.0 | 13% below |
| 100 week MA | $25.3 | 21% below |
| 200 week MA | $20.5 | 2.2% below |
NTGR is in a downtrend: it's below all five of its weekly moving averages, and 2.2% 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 NTGR on returns for 2026, with the stronger performance.
NTGR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $24.5 | $37.0 | +51% |
| 2021 | $37.0 | $29.1 | -21% |
| 2022 | $29.1 | $18.0 | -38% |
| 2023 | $18.0 | $14.6 | -19% |
| 2024 | $14.6 | $28.1 | +93% |
| 2025 | $28.1 | $24.6 | -12% |
| 2026 YTD | $24.6 | $20.1 | -18% |
NTGR has finished lower in four of the last six years. It's down 18% so far in 2026.