MU
Micron Technology, Inc.
MU has the edge over RMBS overall, supported by stronger valuation and stronger fundamentals.
RMBS
Rambus Inc.
RMBS'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.
RMBS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
RMBS'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 RMBS in the historical PE scenario, which offers more potential upside but is not a forecast.
RMBS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 22x | $52.39 | -38% |
| Forward | 23x | $84.97 | — |
| Current | 35x | $84.97 | — |
| Fair | 36x | $86.46 | +1.8% |
| Expensive | 119x | $288 | +239% |
Historical ranges are pointers, not guarantees.
RMBS's PE is in its fair range at 35x. If earnings grow as analysts expect, today's price would be 23x next year's earnings, in its cheap 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.
RMBS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for RMBS, 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 RMBS on earnings, with more consistent year-over-year improvement.
RMBS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.74 | +54% |
| Q3 2026 | $2.43 | +16% |
| Q2 2026 | $2.18 | +3.3% |
| Q1 2026 | $2.10 | +9.9% |
| Q4 2025 | $2.11 | +28% |
| Q3 2025 | $2.10 | +30% |
| Q2 2025 | $2.11 | +0.5% |
| Q1 2025 | $1.91 | -42% |
| Q4 2024 | $1.65 | -45% |
RMBS's earnings per share have fallen from their peak: $2.43 over the past year, against $3.28 in early 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 RMBS 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 RMBS on profitability, with a higher operating margin.
RMBS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $218.3M | +22% |
| Q2 2026 | $207.4M | +20% |
| Q1 2026 | $180.2M | +8.1% |
| Q4 2025 | $190.2M | +18% |
| Q3 2025 | $178.5M | +23% |
| Q2 2025 | $172.2M | +30% |
| Q1 2025 | $166.7M | +41% |
| Q4 2024 | $161.1M | +32% |
RMBS's revenue has grown year over year for 11 quarters in a row: $218M last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 38% | +2.9 points |
| Q2 2026 | 35% | -1.5 points |
| Q1 2026 | 34% | -3.6 points |
| Q4 2025 | 37% | +1.3 points |
| Q3 2025 | 35% | -2.2 points |
| Q2 2025 | 37% | +6.1 points |
| Q1 2025 | 38% | +12 points |
| Q4 2024 | 36% | +7.2 points |
RMBS's operating margin was 38% last quarter, up 2.9 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 RMBS on cash flow, with more consistent year-over-year improvement.
RMBS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $95.9M | +16% |
| Q2 2026 | $52.2M | -41% |
| Q1 2026 | $71.6M | +2.9% |
| Q4 2025 | $93.3M | +78% |
| Q3 2025 | $82.5M | +58% |
| Q2 2025 | $87.9M | +49% |
| Q1 2025 | $69.5M | +93% |
| Q4 2024 | $52.5M | -2.9% |
RMBS's free cash flow has been positive every quarter for seven years: $313M over the past year, up 7% 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.
RMBS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -1.2M shares |
| 1 year | -0.5% | -516K shares |
| 3 years | -1.8% | -2M shares |
| 5 years | -4.3% | -4.9M shares |
| Available history | -2.8% | -3.1M shares |
RMBS has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $135.4M |
| Q2 2026 | $387,000 |
| Q1 2026 | $2.6M |
| Q4 2025 | $1.3M |
| Q3 2025 | — |
| Q2 2025 | $3.7M |
| Q1 2025 | $2.2M |
| Q4 2024 | — |
RMBS spent $140M buying back its own shares over the past year, more than ten times what it spent 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.
RMBS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.4x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | -0.7x | Net Cash |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.3x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | -0.5x | Net Cash |
RMBS 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).
RMBS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.4 | Neutral |
| Stochastic | 20.9 | Neutral |
RMBS's weekly RSI is 43 (neutral) and its Stochastic is 21 (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 RMBS on valuation relative to its sector.
RMBS PE vs Technology Sector
| Metric | RMBS | Sector median | Relative |
|---|---|---|---|
| PE | 35x | 28x | 26% above |
| PE % | 48 | 35 | 13 pts above |
RMBS is trading at 35x earnings, a 26% premium 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 the edge over RMBS on trend strength, trading above more of its moving averages.
RMBS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $92.7 | 8.3% below |
| 20 week MA | $94.7 | 10% below |
| 50 week MA | $105.6 | 20% below |
| 100 week MA | $87.2 | 2.5% below |
| 200 week MA | $71.2 | 19% above |
RMBS has fallen below most of its moving averages, though it's still 19% 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 RMBS on returns for 2026, with the stronger performance.
RMBS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.8 | $17.5 | +27% |
| 2021 | $17.5 | $29.0 | +65% |
| 2022 | $29.0 | $36.0 | +24% |
| 2023 | $36.0 | $68.3 | +90% |
| 2024 | $68.3 | $54.2 | -21% |
| 2025 | $54.2 | $94.1 | +74% |
| 2026 YTD | $94.1 | $85.0 | -9.7% |
RMBS has finished higher in five of the last six years, three of them by more than 50%. It's down 9.7% so far in 2026.