MU
Micron Technology, Inc.
MU has the edge over QLYS overall, supported by stronger modeled upside and stronger fundamentals.
QLYS
Qualys, Inc.
QLYS'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.
QLYS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
QLYS's revenue, profitability, cash flow and balance sheet are all currently healthy.
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 QLYS in the historical PE scenario, which offers more potential upside but is not a forecast.
QLYS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 20x | $173 | — |
| Cheap | 27x | $165 | -4.7% |
| Current | 29x | $173 | — |
| Fair | 45x | $270 | +56% |
| Expensive | 58x | $347 | +101% |
Historical ranges are pointers, not guarantees.
QLYS's PE is in its cheap range at 29x. If earnings grow as analysts expect, today's price would be 20x next year's earnings.
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.
QLYS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect earnings and revenue growth for QLYS, 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'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.
QLYS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.54 | +42% |
| Q3 2026 | $6.01 | +16% |
| Q2 2026 | $5.78 | +15% |
| Q1 2026 | $5.57 | +14% |
| Q4 2025 | $5.44 | +17% |
| Q3 2025 | $5.16 | +14% |
| Q2 2025 | $5.01 | +11% |
| Q1 2025 | $4.89 | +13% |
| Q4 2024 | $4.65 | +15% |
QLYS's earnings per share have climbed steadily: $6.01 over the past year, up 16% from the year before, and higher year over year for 19 quarters in a row.
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 QLYS 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 QLYS on profitability, with a higher operating margin.
QLYS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $188M | +11% |
| Q2 2026 | $182.2M | +11% |
| Q1 2026 | $175.6M | +9.8% |
| Q4 2025 | $175.3M | +10% |
| Q3 2025 | $169.9M | +10% |
| Q2 2025 | $164.1M | +10% |
| Q1 2025 | $159.9M | +9.7% |
| Q4 2024 | $159.2M | +10% |
QLYS's revenue has grown year over year every quarter since late 2020: $188M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | 0 points |
| Q2 2026 | 34% | +2.6 points |
| Q1 2026 | 35% | +2.3 points |
| Q4 2025 | 34% | +2.5 points |
| Q3 2025 | 35% | +6.1 points |
| Q2 2025 | 31% | -1 points |
| Q1 2025 | 32% | +1.7 points |
| Q4 2024 | 31% | +2.4 points |
QLYS's operating margin was 35% last quarter, about level with 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 QLYS on cash flow, with more consistent year-over-year improvement.
QLYS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $100M | +12% |
| Q2 2026 | $55.9M | +72% |
| Q1 2026 | $93.6M | -13% |
| Q4 2025 | $74.9M | +79% |
| Q3 2025 | $89.5M | +55% |
| Q2 2025 | $32.4M | -34% |
| Q1 2025 | $107.6M | +29% |
| Q4 2024 | $41.9M | +30% |
QLYS's free cash flow has been positive every quarter for seven years: $324M over the past year, up 20% 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.
QLYS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +291K shares |
| 1 year | -2.7% | -972K shares |
| 3 years | -5.7% | -2.1M shares |
| 5 years | -12% | -4.6M shares |
| Available history | -15% | -6M shares |
QLYS has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $54.2M |
| Q2 2026 | $77.9M |
| Q1 2026 | $53.5M |
| Q4 2025 | $44.7M |
| Q3 2025 | $49.2M |
| Q2 2025 | $49.9M |
| Q1 2025 | $39.7M |
| Q4 2024 | $42.7M |
QLYS spent $230M buying back its own shares over the past year, up 27% 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.
QLYS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.4x | Net Cash |
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | -1.1x | Net Cash |
| Q4 2025 | -1.1x | Net Cash |
| Q3 2025 | -1.0x | Net Cash |
| Q2 2025 | -0.9x | Net Cash |
| Q1 2025 | -1.4x | Net Cash |
| Q4 2024 | -1.1x | Net Cash |
QLYS 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).
QLYS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.9 | Neutral |
| Stochastic | 55.4 | Neutral |
QLYS's weekly RSI is 52 (neutral) and its Stochastic is 55 (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 QLYS on valuation relative to its sector.
QLYS PE vs Technology Sector
| Metric | QLYS | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 28x | 3.4% above |
| PE % | 23 | 35 | 12 pts below |
QLYS is trading at 29x 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 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.
QLYS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $194.2 | 11% below |
| 20 week MA | $176.6 | 2% below |
| 50 week MA | $136.5 | 27% above |
| 100 week MA | $135.5 | 28% above |
| 200 week MA | $140.8 | 23% above |
QLYS has slipped below its 8- and 20-week averages, though it's still 23% 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 QLYS on returns for 2026, with the stronger performance.
QLYS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $84.6 | $120.4 | +42% |
| 2021 | $120.4 | $139.4 | +16% |
| 2022 | $139.4 | $111.3 | -20% |
| 2023 | $111.3 | $196.3 | +76% |
| 2024 | $196.3 | $139.8 | -29% |
| 2025 | $139.8 | $138.3 | -1.1% |
| 2026 YTD | $138.3 | $173.1 | +25% |
QLYS has finished lower in three of the last six years. It's up 25% so far in 2026.