MU
Micron Technology, Inc.
MU has the edge over PD overall, supported by stronger valuation and stronger modeled upside.
PD
PagerDuty, Inc.
PD'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.
PD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
PD's profitability, cash flow and balance sheet are currently healthy, and its revenue 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 PD in the historical PE scenario, which offers more potential upside but is not a forecast.
PD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.9x | $7.84 | -50% |
| Fair | 5.1x | $10.33 | -34% |
| Expensive | 7.7x | $15.69 | -0.2% |
| Current | 7.7x | $15.72 | — |
| Forward | 11x | $15.72 | — |
Historical ranges are pointers, not guarantees.
PD's PE is 7.7x, but its earnings don't support one, so it isn't a reliable read right now.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
MU has the edge over PD on the outlook, with more favorable valuation and revenue expectations.
PD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect PD's earnings to grow and its profitability to improve, with its revenue holding steady.
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's earnings per share have climbed steadily: $74.33 over the past year, about 10 times what it earned the year before, and higher year over year for 10 quarters in a row.
PD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.43 | -29% |
| Q3 2026 | $2.03 | +$2.19 |
| Q2 2026 | $2.07 | +$2.47 |
| Q1 2026 | $1.87 | +$2.46 |
| Q4 2025 | $1.60 | +$2.41 |
| Q3 2025 | -$0.16 | +$0.74 |
| Q2 2025 | -$0.40 | +$0.62 |
| Q1 2025 | -$0.59 | +$0.30 |
| Q4 2024 | -$0.81 | +$0.01 |
PD has returned to profit: it earned $2.03 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 PD 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 PD on profitability, with a higher operating margin.
PD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $124.4M | +0.8% |
| Q2 2026 | $121M | +1% |
| Q1 2026 | $124.8M | +2.7% |
| Q4 2025 | $124.5M | +4.7% |
| Q3 2025 | $123.4M | +6.4% |
| Q2 2025 | $119.8M | +7.8% |
| Q1 2025 | $121.4M | +9.3% |
| Q4 2024 | $118.9M | +9.4% |
PD's revenue has grown year over year every quarter since late 2020: $124M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.2% | +5.3 points |
| Q2 2026 | 7.6% | +16 points |
| Q1 2026 | 3.6% | +13 points |
| Q4 2025 | 6.5% | +15 points |
| Q3 2025 | 2.9% | +17 points |
| Q2 2025 | -8.6% | +11 points |
| Q1 2025 | -9.7% | +20 points |
| Q4 2024 | -8.7% | +11 points |
PD's operating margin was 8.2% last quarter, up 5.3 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 PD on cash flow, with more consistent year-over-year improvement.
PD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $34.7M | +4.9% |
| Q2 2026 | $43.3M | +43% |
| Q1 2026 | $24.5M | -19% |
| Q4 2025 | $24.1M | +12% |
| Q3 2025 | $33.1M | -5.8% |
| Q2 2025 | $30.2M | +7.2% |
| Q1 2025 | $30.3M | +43% |
| Q4 2024 | $21.5M | +29% |
PD generated $127M in free cash flow over the past year, up 10% 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.
PD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -323K shares |
| 1 year | -16% | -15.1M shares |
| 3 years | -14% | -13.4M shares |
| 5 years | -5.7% | -4.8M shares |
| Available history | +4.1% | +3.1M shares |
PD has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $7.5M |
| Q2 2026 | $65.5M |
| Q1 2026 | $98.8M |
| Q4 2025 | $36.1M |
| Q1 2025 | $2.6M |
| Q4 2024 | $70.3M |
| Q1 2024 | — |
PD spent $208M buying back its own shares over the past year.
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.
PD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.3x | Net Cash |
| Q2 2026 | -5.6x | Net Cash |
| Q1 2026 | 9.7x | High |
| Q4 2025 | -68.2x | Net Cash |
PD 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).
PD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.7 | Neutral |
| Stochastic | 73.7 | Neutral |
PD's weekly RSI is 65 (neutral) and its Stochastic is 74 (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.
PD PE vs Technology Sector
| Metric | PD | Sector median | Relative |
|---|---|---|---|
| PE | 7.7x | 28x | 72% below |
| PE % | 84 | 35 | 49 pts above |
PD has the edge over MU on valuation relative to its sector.
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.
PD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.0 | 1.6% below |
| 20 week MA | $13.5 | 17% above |
| 50 week MA | $10.7 | 47% above |
| 100 week MA | $13.6 | 16% above |
| 200 week MA | $18.4 | 15% below |
PD's trend is mixed: it's above three of its five weekly moving averages, and 15% 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 PD on returns for 2026, with the stronger performance.
PD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $23.3 | $46.1 | +98% |
| 2021 | $46.1 | $36.2 | -22% |
| 2022 | $36.2 | $26.6 | -27% |
| 2023 | $26.6 | $23.2 | -13% |
| 2024 | $23.2 | $17.8 | -23% |
| 2025 | $17.8 | $13.2 | -26% |
| 2026 YTD | $13.2 | $15.7 | +19% |
PD has finished five years in a row lower, and it's up 19% so far in 2026.