MU
Micron Technology, Inc.
MU has the edge over OCC overall, supported by stronger valuation and stronger modeled upside.
OCC
Optical Cable Corporation
OCC 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.
OCC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Healthy |
OCC'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 OCC in the historical PE scenario, which offers more potential upside but is not a forecast.
OCC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.6x | $1.34 | -88% |
| Fair | 6.8x | $1.98 | -82% |
| Expensive | 36x | $10.34 | -6.1% |
| Current | 38x | $11.01 | — |
Historical ranges are pointers, not guarantees.
OCC's PE is in its expensive range at 38x.
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.
OCC Forward outlook
There aren't enough analyst estimates for OCC 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 OCC on earnings, with more consistent year-over-year improvement.
OCC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.29 | +$0.43 |
| Q2 2026 | $0.12 | +$0.50 |
| Q1 2026 | -$0.09 | +$0.41 |
| Q4 2025 | -$0.18 | +$0.36 |
| Q3 2025 | -$0.14 | +$0.62 |
| Q2 2025 | -$0.38 | +$0.17 |
| Q1 2025 | -$0.50 | -$0.47 |
| Q4 2024 | -$0.54 | -316% |
OCC has returned to profit: it earned $0.29 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 OCC on sales, with stronger typical year-over-year growth.
| 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 OCC on profitability, with a higher operating margin.
OCC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $24.3M | +22% |
| Q2 2026 | $22.2M | +27% |
| Q1 2026 | $16.4M | +4.4% |
| Q4 2025 | $19.8M | +1.8% |
| Q3 2025 | $19.9M | +23% |
| Q2 2025 | $17.5M | +8.9% |
| Q1 2025 | $15.7M | +6% |
| Q4 2024 | $19.5M | +12% |
OCC's revenue has grown year over year for eight quarters in a row: $24M last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.7% | +5.9 points |
| Q2 2026 | 5.9% | +8.3 points |
| Q1 2026 | -1.3% | +4.1 points |
| Q4 2025 | 1.4% | -2 points |
| Q3 2025 | 2.8% | +11 points |
| Q2 2025 | -2.5% | +5.6 points |
| Q1 2025 | -5.4% | +4 points |
| Q4 2024 | 3.4% | +11 points |
OCC's operating margin was 8.7% last quarter, up 5.9 points from the same quarter a year ago, near the top of its range since 2019.
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 OCC on cash flow, with more consistent year-over-year improvement.
OCC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.3M | +$3.6M |
| Q2 2026 | -$2.6M | -3640% |
| Q1 2026 | $1M | -60% |
| Q4 2025 | $718.8K | +$2.3M |
| Q3 2025 | -$2.3M | -579% |
| Q2 2025 | $73.4K | -66% |
| Q1 2025 | $2.6M | +$2.9M |
| Q4 2024 | -$1.6M | -511% |
OCC's free cash flow has turned positive again: $441,876 over the past year, against −$1M 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 OCC 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.
OCC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +2.9K shares |
| 1 year | +5.2% | +440K shares |
| 3 years | +12% | +968K shares |
| 5 years | +17% | +1.3M shares |
| Available history | +20% | +1.4M shares |
OCC has 9M diluted shares, up 5.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | $240 |
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 OCC on leverage, with a lower net debt burden relative to earnings.
OCC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.4x | Healthy |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 4.5x | High |
| Q4 2025 | 15.2x | High |
| Q3 2025 | 7.8x | High |
| Q4 2023 | 0.6x | Very low |
| Q3 2023 | 0.9x | Very low |
| Q2 2023 | 0.9x | Very low |
OCC's net debt is about 1.4 years of its operating earnings (EBITDA), down from 7.8 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).
OCC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.5 | Neutral |
| Stochastic | 11.3 | Oversold |
OCC's weekly RSI is 44 (neutral) and its Stochastic is 11 (oversold).
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 OCC on valuation relative to its sector.
OCC PE vs Technology Sector
| Metric | OCC | Sector median | Relative |
|---|---|---|---|
| PE | 38x | 28x | 36% above |
| PE % | 83 | 35 | 48 pts above |
OCC is trading at 38x earnings, a 36% premium 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 the edge over OCC on trend strength, trading above more of its moving averages.
OCC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.1 | 16% below |
| 20 week MA | $14.3 | 23% below |
| 50 week MA | $11.3 | 2.8% below |
| 100 week MA | $8.18 | 35% above |
| 200 week MA | $5.67 | 94% above |
OCC has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 94% 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 OCC on returns for 2026, with the stronger performance.
OCC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.32 | $2.78 | -16% |
| 2021 | $2.78 | $4.85 | +74% |
| 2022 | $4.85 | $4.36 | -10% |
| 2023 | $4.36 | $2.70 | -38% |
| 2024 | $2.70 | $3.84 | +42% |
| 2025 | $3.84 | $4.42 | +15% |
| 2026 YTD | $4.42 | $11.0 | +149% |
OCC is up 149% so far in 2026, after finishing lower in three of the previous six years.