MU
Micron Technology, Inc.
MU has the edge over PEGA overall, supported by stronger fundamentals and stronger modeled upside.
PEGA
Pegasystems Inc.
PEGA 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.
PEGA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Strong | |
| Strong |
PEGA's cash flow and balance sheet are currently strong, and its revenue and profitability are 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'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.
PEGA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 14x | $32.04 | — |
| Cheap | 26x | $30.01 | -6.3% |
| Current | 28x | $32.04 | — |
| Fair | 46x | $53.25 | +66% |
| Expensive | 75x | $86.65 | +170% |
Historical ranges are pointers, not guarantees.
PEGA has the edge over MU in the historical PE scenario, which offers more potential upside but is not a forecast.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
MU has the edge over PEGA on the outlook, with more favorable earnings and revenue expectations.
PEGA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect PEGA's earnings, revenue and profitability to hold roughly 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 has the edge over PEGA on earnings, with more consistent year-over-year improvement.
PEGA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.34 | +103% |
| Q3 2026 | $1.15 | -25% |
| Q2 2026 | $1.31 | +7.4% |
| Q1 2026 | $1.40 | +30% |
| Q4 2025 | $1.67 | +198% |
| Q3 2025 | $1.54 | +123% |
| Q2 2025 | $1.22 | +67% |
| Q1 2025 | $1.08 | +157% |
| Q4 2024 | $0.56 | +56% |
PEGA earned $1.15 per share over the past year, down 25% 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 PEGA 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 PEGA on profitability, with a higher operating margin.
PEGA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $393.4M | +3.1% |
| Q2 2026 | $420.7M | +9.4% |
| Q1 2026 | $430M | -9.6% |
| Q4 2025 | $504.3M | +2.7% |
| Q3 2025 | $381.4M | +17% |
| Q2 2025 | $384.5M | +9.5% |
| Q1 2025 | $475.6M | +44% |
| Q4 2024 | $490.8M | +3.5% |
PEGA's revenue has held roughly level: $393M last quarter, up 3.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.8% | 0 points |
| Q2 2026 | 4% | -0.5 points |
| Q1 2026 | 8.6% | -18 points |
| Q4 2025 | 21% | -8.4 points |
| Q3 2025 | 3.8% | +7.4 points |
| Q2 2025 | 4.5% | +0.8 points |
| Q1 2025 | 27% | +33 points |
| Q4 2024 | 29% | -3.6 points |
PEGA's operating margin was 3.8% last quarter, about level with 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 PEGA on cash flow, with more consistent year-over-year improvement.
PEGA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.6M | -97% |
| Q2 2026 | $81.7M | -2.9% |
| Q1 2026 | $206.5M | +2.1% |
| Q4 2025 | $152.4M | +65% |
| Q3 2025 | $51.8M | +89% |
| Q2 2025 | $84.1M | +117% |
| Q1 2025 | $202.3M | +13% |
| Q4 2024 | $92.4M | +19% |
PEGA generated $442M in free cash flow over the past year, up 2.7% 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.
PEGA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.8% | -3.1M shares |
| 1 year | -8.4% | -15.5M shares |
| 3 years | +1.2% | +2M shares |
| 5 years | +3.4% | +5.6M shares |
| Available history | +6.7% | +10.5M shares |
PEGA has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $65M |
| Q2 2026 | $200.4M |
| Q1 2026 | $167.3M |
| Q4 2025 | $105M |
| Q3 2025 | $143M |
| Q2 2025 | $134.5M |
| Q1 2025 | $117.2M |
| Q4 2024 | $56.8M |
PEGA spent $538M buying back its own shares over the past year, up 19% 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.
PEGA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | -1.5x | Net Cash |
| Q4 2025 | -0.8x | Net Cash |
| Q3 2025 | -0.5x | Net Cash |
| Q2 2025 | -0.7x | Net Cash |
| Q1 2025 | -0.8x | Net Cash |
| Q4 2024 | 0.9x | Very low |
PEGA 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).
PEGA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.5 | Neutral |
| Stochastic | 32.6 | Neutral |
PEGA's weekly RSI is 43 (neutral) and its Stochastic is 33 (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 PEGA on valuation relative to its sector.
PEGA PE vs Technology Sector
| Metric | PEGA | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 28x | Same PE |
| PE % | 22 | 35 | 13 pts below |
PEGA is trading at 28x earnings, in line with 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 PEGA on trend strength, trading above more of its moving averages.
PEGA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $34.1 | 6% below |
| 20 week MA | $33.4 | 4.1% below |
| 50 week MA | $39.7 | 19% below |
| 100 week MA | $44.7 | 28% below |
| 200 week MA | $36.5 | 12% below |
PEGA is in a downtrend: it's below all five of its weekly moving averages, and 12% 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 PEGA on returns for 2026, with the stronger performance.
PEGA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $39.7 | $69.3 | +75% |
| 2021 | $69.3 | $55.2 | -20% |
| 2022 | $55.2 | $17.1 | -69% |
| 2023 | $17.1 | $24.4 | +43% |
| 2024 | $24.4 | $47.2 | +93% |
| 2025 | $47.2 | $62.4 | +32% |
| 2026 YTD | $62.4 | $32.0 | -49% |
PEGA is down 49% so far in 2026, after finishing higher in four of the previous six years.