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.
REFR
Research Frontiers Incorporated
There isn't enough reported data to score REFR yet.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
REFR Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Weak | |
| Unavailable |
REFR's revenue, profitability and cash flow are currently under pressure. 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.
REFR PE Valuation
REFR 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.
REFR Forward outlook
There aren't enough analyst estimates for REFR 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 edge over REFR on earnings quality, reporting a profit while its opponent remains loss making.
REFR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.07 | $0.00 |
| Q2 2026 | -$0.07 | -$0.01 |
| Q1 2026 | -$0.07 | -$0.03 |
| Q4 2025 | -$0.06 | -$0.02 |
| Q3 2025 | -$0.07 | -$0.03 |
| Q2 2025 | -$0.06 | -$0.01 |
| Q1 2025 | -$0.04 | +$0.02 |
| Q4 2024 | -$0.04 | +$0.02 |
REFR is still losing money, but less than at its worst: $0.07 per share over the past year, against $0.13 at its worst in late 2019.
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 REFR 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 REFR on profitability, with a higher operating margin.
REFR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $77K | -79% |
| Q2 2026 | $86.3K | -34% |
| Q1 2026 | $136.3K | -76% |
| Q4 2025 | $72.1K | -60% |
| Q3 2025 | $359.4K | +1.4% |
| Q2 2025 | $129.9K | -73% |
| Q1 2025 | $559.8K | +79% |
| Q4 2024 | $178.2K | -43% |
REFR's revenue has slid since its 2021 peak: $77,041 last quarter, down 79% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -673% | -588 points |
| Q2 2026 | -776% | -148 points |
| Q1 2026 | -389% | -346 points |
| Q4 2025 | -1073% | -722 points |
| Q3 2025 | -85% | -19 points |
| Q2 2025 | -627% | -604 points |
| Q1 2025 | -43% | +107 points |
| Q4 2024 | -350% | -189 points |
REFR's operating margin was −673% last quarter, down 588 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 REFR on cash generation, producing positive trailing cash flow while its opponent burns cash.
REFR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$443.3K | -$299.4K |
| Q2 2026 | -$191.3K | -$112.8K |
| Q1 2026 | -$760K | -$118.6K |
| Q4 2025 | -$466.1K | -1109% |
| Q3 2025 | -$143.9K | +$114.6K |
| Q2 2025 | -$78.5K | +$108.4K |
| Q1 2025 | -$641.4K | -$250.2K |
| Q4 2024 | $46.2K | +$595.2K |
REFR has burned cash in almost every quarter: −$2M over the past year, against −$817,597 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 the edge over REFR 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.
REFR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +3.6% | +1.2M shares |
| 3 years | +4.1% | +1.4M shares |
| 5 years | +10% | +3.2M shares |
| Available history | +16% | +4.9M shares |
REFR has 35M diluted shares, up 3.6% 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.
REFR Net Leverage
REFR'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).
REFR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.1 | Neutral |
| Stochastic | 4.7 | Oversold |
REFR's weekly RSI is 37 (neutral) and its Stochastic is 5 (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.
REFR PE vs Technology Sector
REFR 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 REFR on trend strength, trading above more of its moving averages.
REFR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.53 | 32% below |
| 20 week MA | $0.50 | 28% below |
| 50 week MA | $0.81 | 56% below |
| 100 week MA | $1.18 | 69% below |
| 200 week MA | $1.40 | 74% below |
REFR is in a downtrend: it's below all five of its weekly moving averages, and 74% 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 REFR on returns for 2026, with the stronger performance.
REFR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.07 | $2.81 | -8.5% |
| 2021 | $2.81 | $1.75 | -38% |
| 2022 | $1.75 | $2.03 | +16% |
| 2023 | $2.03 | $1.01 | -50% |
| 2024 | $1.01 | $1.63 | +61% |
| 2025 | $1.63 | $1.38 | -15% |
| 2026 YTD | $1.38 | $0.36 | -74% |
REFR has finished lower in four of the last six years. It's down 74% so far in 2026.