MU
Micron Technology, Inc.
MU's fundamentals are strong and it looks cheap: trading at 11x earnings, about half its usual 22x. Analysts expect strong earnings growth.
PHUN
Phunware, Inc.
There isn't enough reported data to score PHUN yet.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
PHUN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
PHUN's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
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.
PHUN PE Valuation
PHUN 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.
PHUN Forward outlook
There aren't enough analyst estimates for PHUN 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 stronger earnings trend. Trailing diluted EPS is up 879% for MU versus PHUN down 104%.
PHUN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | -$10.08 | +$8.42 |
| Q2 2024 | -$17.83 | -$3.33 |
| Q1 2024 | -$20.51 | -$0.51 |
| Q4 2023 | -$22.18 | +$3.32 |
| Q3 2023 | -$18.50 | +$20.50 |
| Q2 2023 | -$14.50 | +$20.50 |
| Q1 2023 | -$20.00 | +$12.50 |
| Q4 2022 | -$25.50 | +$9.00 |
PHUN is still losing money, but far less than before: $0.65 per share over the past year, against $39.00 at its worst in late 2022.
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 PHUN 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 PHUN on profitability, with a higher operating margin.
PHUN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $799K | +76% |
| Q1 2026 | $542K | -21% |
| Q4 2025 | $788K | +33% |
| Q3 2025 | $622K | -6.5% |
| Q2 2025 | $455K | -55% |
| Q1 2025 | $688K | -25% |
| Q3 2024 | $665K | -76% |
| Q2 2024 | $1M | -71% |
PHUN's revenue is recovering but still below its 2022 peak: $799,000 last quarter, up 76% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -757% | +179 points |
| Q1 2026 | -742% | -42 points |
| Q4 2025 | -1008% | -182 points |
| Q3 2025 | -563% | -83 points |
| Q2 2025 | -936% | -646 points |
| Q1 2025 | -700% | -388 points |
| Q4 2024 | -826% | N/A |
| Q3 2024 | -480% | +184 points |
PHUN's operating margin was −757% last quarter, up 179 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 PHUN on cash generation, producing positive trailing cash flow while its opponent burns cash.
PHUN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$5.7M | -$2.3M |
| Q1 2026 | -$2.7M | +$608K |
| Q4 2025 | -$3.2M | -$484K |
| Q3 2025 | -$2.5M | -$96K |
| Q2 2025 | -$3.5M | -$780K |
| Q1 2025 | -$3.3M | +$2.2M |
| Q4 2024 | -$2.7M | -$146K |
| Q3 2024 | -$2.4M | +$924K |
PHUN has burned cash in almost every quarter: −$14M over the past year, against −$12M 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.
PHUN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +243K shares |
| 1 year | +1.3% | +260K shares |
| 3 years | +932% | +18.5M shares |
| 5 years | +2340% | +19.6M shares |
PHUN has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | $27,000 |
| Q1 2023 | $475,000 |
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.
PHUN Net Leverage
PHUN's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
PHUN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.1 | Neutral |
| Stochastic | 15.3 | Oversold |
PHUN's weekly RSI is 34 (neutral) and its Stochastic is 15 (oversold).
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.
PHUN PE vs Technology Sector
PHUN 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 PHUN on trend strength, trading above more of its moving averages.
PHUN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.93 | 9.8% below |
| 20 week MA | $2.02 | 14% below |
| 50 week MA | $1.96 | 11% below |
| 100 week MA | $2.56 | 32% below |
| 200 week MA | $8.89 | 80% below |
PHUN is in a downtrend: it's below all five of its weekly moving averages, and 80% 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 PHUN on returns for 2026, with the stronger performance.
PHUN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $59.0 | $50.5 | -14% |
| 2021 | $50.5 | $153.0 | +203% |
| 2022 | $153.0 | $39.1 | -74% |
| 2023 | $39.1 | $4.10 | -90% |
| 2024 | $4.10 | $5.73 | +40% |
| 2025 | $5.73 | $1.92 | -66% |
| 2026 YTD | $1.92 | $1.74 | -9.4% |
PHUN's yearly returns have swung widely, from +203% in 2021 to −90% in 2023. It's down 9.4% so far in 2026.