MU
Micron Technology, Inc.
MU has the edge over QMCO overall, supported by stronger valuation and stronger fundamentals.
QMCO
Quantum Corporation
QMCO'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.
QMCO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Stable | |
| Strong |
QMCO's revenue and balance sheet are currently strong, and its profitability and cash flow 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.
QMCO PE Valuation
QMCO has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 22x 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.
QMCO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect QMCO to return to profit, with revenue growing.
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 QMCO on earnings quality, reporting a profit while its opponent remains loss making.
QMCO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.75 | — |
| Q3 2026 | -$10.81 | +$13.07 |
| Q2 2026 | -$13.16 | +$10.05 |
| Q1 2026 | -$7.97 | +$17.77 |
| Q4 2025 | -$11.35 | +$14.43 |
| Q3 2025 | -$23.88 | -$10.66 |
| Q2 2025 | -$23.21 | -$12.01 |
| Q1 2025 | -$25.74 | -$16.74 |
| Q4 2024 | -$25.78 | -$17.98 |
QMCO is still losing money, but far less than before: $10.81 per share over the past year, against $25.78 at its worst in late 2024.
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 QMCO 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 QMCO on profitability, with a higher operating margin.
QMCO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $89.6M | +43% |
| Q2 2026 | $80.8M | +26% |
| Q1 2026 | $78M | +27% |
| Q4 2025 | $74.6M | +2.8% |
| Q3 2025 | $62.7M | -11% |
| Q2 2025 | $64.3M | -9.9% |
| Q1 2025 | $61.3M | -14% |
| Q4 2024 | $72.6M | +0.9% |
QMCO's revenue is recovering but still below its 2022 peak: $90M last quarter, up 43% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.6% | +21 points |
| Q2 2026 | 6.2% | +26 points |
| Q1 2026 | -3.3% | +16 points |
| Q4 2025 | -1.6% | +3.7 points |
| Q3 2025 | -13% | -3.2 points |
| Q2 2025 | -20% | +5.3 points |
| Q1 2025 | -19% | +0.4 points |
| Q4 2024 | -5.3% | +3.3 points |
QMCO's operating margin was 7.6% last quarter, up 21 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 QMCO on cash flow, with more consistent year-over-year improvement.
QMCO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $13.1M | +$29.1M |
| Q2 2026 | $552K | +$18.6M |
| Q1 2026 | -$1.2M | +$2.7M |
| Q4 2025 | -$4.3M | -$21K |
| Q3 2025 | -$16M | +$894K |
| Q2 2025 | -$18.1M | -$14.6M |
| Q1 2025 | -$3.9M | -146% |
| Q4 2024 | -$4.2M | +$7.4M |
QMCO's free cash flow has turned positive after six years mostly in the red: $8M 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 the edge over QMCO on shareholder dilution, with a more favorable share count trend.
| 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.
QMCO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +79% | +17.4M shares |
| 1 year | +196% | +26.1M shares |
| 3 years | +742% | +34.8M shares |
| 5 years | +1827% | +37.4M shares |
| Available history | +1594% | +37.1M shares |
QMCO has 39M diluted shares, up 196% from a year ago.
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.
QMCO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -4.9x | Net Cash |
| Q4 2020 | 12.1x | High |
| Q3 2020 | 8.3x | High |
| Q2 2020 | 7.5x | High |
| Q1 2020 | 5.8x | High |
QMCO 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).
QMCO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.3 | Neutral |
| Stochastic | 23.6 | Neutral |
QMCO's weekly RSI is 48 (neutral) and its Stochastic is 24 (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.
QMCO PE vs Technology Sector
QMCO 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 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.
QMCO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $22.8 | 27% below |
| 20 week MA | $19.5 | 15% below |
| 50 week MA | $12.5 | 33% above |
| 100 week MA | $13.7 | 22% above |
| 200 week MA | $13.2 | 26% above |
QMCO has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 26% 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 QMCO on returns for 2026, with the stronger performance.
QMCO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $147.0 | $118.2 | -20% |
| 2021 | $118.2 | $103.8 | -12% |
| 2022 | $103.8 | $22.8 | -78% |
| 2023 | $22.8 | $6.98 | -69% |
| 2024 | $6.98 | $70.7 | +912% |
| 2025 | $70.7 | $6.96 | -90% |
| 2026 YTD | $6.96 | $16.6 | +139% |
QMCO's yearly returns have swung widely, from +912% in 2024 to −90% in 2025. It's up 139% so far in 2026.