MU
Micron Technology, Inc.
MU has the edge over NXT overall, supported by stronger valuation and stronger fundamentals.
NXT
Nextpower Inc.
NXT 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.
NXT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Strong |
NXT's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
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 NXT in the historical PE scenario, which offers more potential upside but is not a forecast.
NXT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $59.80 | -36% |
| Forward | 19x | $93.60 | — |
| Fair | 22x | $88.88 | -5% |
| Current | 24x | $93.60 | — |
| Expensive | 29x | $117 | +25% |
Historical ranges are pointers, not guarantees.
NXT's PE is in its fair range at 24x. If earnings grow as analysts expect, today's price would be 19x next year's earnings, in its cheap range.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
MU has the edge over NXT on the outlook, with more favorable profitability expectations.
NXT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Moderate | |
| Low |
Analysts expect strong earnings and revenue growth for NXT, but weaker profitability. However, they disagree widely on these estimates.
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 NXT on earnings, with more consistent year-over-year improvement.
NXT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.98 | +25% |
| Q3 2026 | $3.98 | +3.4% |
| Q2 2026 | $3.87 | +5.4% |
| Q1 2026 | $3.84 | +11% |
| Q4 2025 | $3.91 | -0.8% |
| Q4 2022 | $2.29 | +29% |
| Q3 2022 | $1.66 | -24% |
| Q2 2022 | $1.36 | -47% |
| Q1 2022 | $1.14 | -59% |
NXT earned $3.98 per share over the past year, up 3.4% from 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 NXT 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 NXT on profitability, with a higher operating margin.
NXT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +23% |
| Q2 2026 | $935.2M | +8.2% |
| Q1 2026 | $880.5M | -4.7% |
| Q4 2025 | $909.4M | +34% |
| Q3 2025 | $905.3M | +42% |
| Q2 2025 | $864.3M | +20% |
| Q1 2025 | $924.3M | +26% |
| Q4 2024 | $679.4M | -4.4% |
NXT's revenue is growing: $1.1B last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | -1.3 points |
| Q2 2026 | 20% | -1.1 points |
| Q1 2026 | 17% | -3.7 points |
| Q4 2025 | 19% | -2.7 points |
| Q3 2025 | 20% | -1 points |
| Q2 2025 | 22% | -0.7 points |
| Q1 2025 | 21% | -16 points |
| Q4 2024 | 22% | +1.2 points |
NXT's operating margin was 19% last quarter, down 1.3 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 NXT on cash flow, with more consistent year-over-year improvement.
NXT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $135M | -21% |
| Q2 2026 | $105.2M | +50% |
| Q1 2026 | $153.6M | -32% |
| Q4 2025 | $118.5M | -12% |
| Q3 2025 | $171.4M | +21% |
| Q2 2025 | $70.1M | -41% |
| Q1 2025 | $227.2M | +108% |
| Q4 2024 | $134.9M | +116% |
NXT generated $512M in free cash flow over the past year, down 15% 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 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.
NXT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -1.2M shares |
| 1 year | +1.2% | +1.9M shares |
| 3 years | +5.5% | +8.1M shares |
| 5 years | +265% | +112M shares |
NXT has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q1 2024 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
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.
NXT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.3x | Net Cash |
| Q2 2026 | -1.7x | Net Cash |
| Q1 2026 | -1.5x | Net Cash |
| Q4 2025 | -1.2x | Net Cash |
| Q3 2025 | -1.2x | Net Cash |
| Q2 2025 | -1.1x | Net Cash |
| Q1 2025 | -1.2x | Net Cash |
| Q4 2024 | -0.8x | Net Cash |
NXT has the edge over MU on leverage, with a lower net debt burden relative to earnings.
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).
NXT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.1 | Neutral |
| Stochastic | 44.1 | Neutral |
NXT's weekly RSI is 49 (neutral) and its Stochastic is 44 (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 NXT on valuation relative to its sector.
NXT PE vs Technology Sector
| Metric | NXT | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 28x | 16% below |
| PE % | 56 | 35 | 21 pts above |
NXT is trading at 24x earnings, a 16% 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 |
NXT has stronger trend alignment. MU is above 3 of 5 weekly averages versus NXT above 3 of 4.
NXT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $86.0 | 8.8% above |
| 20 week MA | $91.5 | 2.3% above |
| 50 week MA | $104.7 | 11% below |
| 100 week MA | $82.1 | 14% above |
NXT's trend is mixed: it's above three of its four weekly moving averages, and 14% above its 100-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 NXT on returns for 2026, with the stronger performance.
NXT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $31.0 | $46.9 | +51% |
| 2024 | $46.9 | $37.2 | -21% |
| 2025 | $37.2 | $91.2 | +145% |
| 2026 YTD | $91.2 | $93.6 | +2.6% |
NXT has finished higher in two of the last three years, two of them by more than 50%. It's up 2.6% so far in 2026.