MU
Micron Technology, Inc.
MU has the edge over PLUS overall, supported by stronger valuation and stronger fundamentals.
PLUS
ePlus inc.
PLUS has slightly lower modeled downside risk, despite its lower overall score.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
PLUS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Unavailable | |
| Strong |
PLUS's profitability and balance sheet are currently healthy, and its revenue is stable. There isn't enough data to rate its cash flow.
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 PLUS in the historical PE scenario, which offers more potential upside but is not a forecast.
PLUS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $64.79 | -33% |
| Fair | 16x | $80.46 | -17% |
| Forward | 16x | $97.13 | — |
| Expensive | 18x | $92.10 | -5.2% |
| Current | 19x | $97.13 | — |
Historical ranges are pointers, not guarantees.
PLUS's PE is in its expensive range at 19x. If earnings grow as analysts expect, today's price would be 16x next year's earnings, in its fair range.
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.
PLUS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for PLUS, with profitability improving.
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 PLUS on earnings, with more consistent year-over-year improvement.
PLUS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.99 | +20% |
| Q3 2026 | $5.00 | +8.5% |
| Q2 2026 | $4.76 | +6.7% |
| Q1 2026 | $5.03 | +24% |
| Q4 2025 | $5.03 | +28% |
| Q3 2025 | $4.61 | +14% |
| Q2 2025 | $4.46 | +9.3% |
| Q1 2025 | $4.05 | -6.5% |
| Q4 2024 | $3.92 | -17% |
PLUS earned $5.00 per share over the past year, up 8.5% 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 PLUS 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 PLUS on profitability, with a higher operating margin.
PLUS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $667.9M | +9.7% |
| Q2 2026 | $649.1M | +1.9% |
| Q1 2026 | $581.6M | +17% |
| Q4 2025 | $614.8M | +20% |
| Q3 2025 | $608.8M | +18% |
| Q2 2025 | $637.3M | +17% |
| Q1 2025 | $498.1M | -10% |
| Q4 2024 | $511M | +0.4% |
PLUS's revenue has grown year over year for six quarters in a row: $668M last quarter, up 9.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.5% | +0.4 points |
| Q2 2026 | 6% | +0.3 points |
| Q1 2026 | 6.5% | -0.5 points |
| Q4 2025 | 7.1% | +1.5 points |
| Q3 2025 | 8% | -0.3 points |
| Q2 2025 | 5.7% | -0.8 points |
| Q1 2025 | 7% | +1.7 points |
| Q4 2024 | 5.6% | -1.9 points |
PLUS's operating margin was 8.5% 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 stronger cash trend. Its trailing FCF is up 3,213% versus its history, compared with PLUS at down 16%.
PLUS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$59M | -$24.2M |
| Q2 2026 | $75.6M | +$174.6M |
| Q1 2026 | $103.8M | -36% |
| Q3 2025 | -$34.8M | -$13.1M |
| Q2 2025 | -$99M | -202% |
| Q1 2025 | $160.9M | +53% |
| Q4 2024 | $65.7M | -51% |
| Q3 2024 | -$21.6M | -169% |
PLUS usually generates cash, though not every quarter: the latest was −$59M, but it generated $86M over the past year.
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.
PLUS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -151K shares |
| 1 year | -1.9% | -495K shares |
| 3 years | -2.9% | -768K shares |
| 5 years | -3.5% | -953K shares |
| Available history | -3.2% | -845K shares |
PLUS has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $13.1M |
| Q2 2026 | $25.5M |
| Q1 2026 | $6.3M |
| Q4 2025 | $17M |
| Q3 2025 | $4M |
| Q2 2025 | $3.3M |
| Q1 2025 | $13.5M |
| Q4 2024 | $9.9M |
PLUS spent $62M buying back its own shares over the past year, up 101% 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.
PLUS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.9x | Net Cash |
| Q2 2026 | -2.3x | Net Cash |
| Q1 2026 | -2.1x | Net Cash |
| Q4 2025 | -1.7x | Net Cash |
| Q3 2025 | -2.3x | Net Cash |
| Q2 2025 | -2.8x | Net Cash |
| Q1 2025 | -2.1x | Net Cash |
| Q4 2024 | -1.4x | Net Cash |
PLUS 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).
PLUS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.4 | Neutral |
| Stochastic | 71.7 | Neutral |
PLUS's weekly RSI is 64 (neutral) and its Stochastic is 72 (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 PLUS on valuation relative to its sector.
PLUS PE vs Technology Sector
| Metric | PLUS | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 28x | 30% below |
| PE % | 90 | 35 | 55 pts above |
PLUS is trading at 19x earnings, a 30% 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 |
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.
PLUS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $93.6 | 3.8% above |
| 20 week MA | $90.9 | 6.9% above |
| 50 week MA | $86.6 | 12% above |
| 100 week MA | $78.9 | 23% above |
| 200 week MA | $74.6 | 30% above |
PLUS has the edge over MU on trend strength, trading above more of its moving averages.
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 PLUS on returns for 2026, with the stronger performance.
PLUS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $42.2 | $43.2 | +2.4% |
| 2021 | $43.2 | $52.5 | +22% |
| 2022 | $52.5 | $43.6 | -17% |
| 2023 | $43.6 | $79.8 | +83% |
| 2024 | $79.8 | $73.5 | -7.9% |
| 2025 | $73.5 | $90.0 | +22% |
| 2026 YTD | $90.0 | $97.1 | +7.9% |
PLUS has finished higher in four of the last six years. It's up 7.9% so far in 2026.