MU
Micron Technology, Inc.
MU has the edge over RMNI overall, supported by stronger valuation and stronger fundamentals.
RMNI
Rimini Street, Inc.
RMNI's outlook is improving despite an expensive valuation.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
RMNI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Healthy | |
| Strong |
RMNI's cash flow and balance sheet are currently healthy, and its revenue and profitability 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 has the edge over RMNI in the historical PE scenario, which offers more potential upside but is not a forecast.
RMNI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.4x | $0.82 | -85% |
| Fair | 10x | $1.14 | -80% |
| Forward | 14x | $5.59 | — |
| Expensive | 26x | $2.85 | -49% |
| Current | 51x | $5.59 | — |
Historical ranges are pointers, not guarantees.
RMNI's PE is in its expensive range at 51x. If earnings grow as analysts expect, today's price would be 14x 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.
RMNI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for RMNI, 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 RMNI on earnings, with more consistent year-over-year improvement.
RMNI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.40 | +264% |
| Q3 2026 | $0.11 | -76% |
| Q2 2026 | $0.07 | +$0.11 |
| Q1 2026 | $0.36 | +$0.73 |
| Q4 2025 | $0.39 | +$0.79 |
| Q3 2025 | $0.46 | +$0.83 |
| Q2 2025 | -$0.04 | -122% |
| Q1 2025 | -$0.37 | -254% |
| Q4 2024 | -$0.40 | -238% |
RMNI's earnings per share have fallen from their peak: $0.11 over the past year, against $0.81 in late 2022.
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 RMNI 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 RMNI on profitability, with a higher operating margin.
RMNI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $112.1M | +8.3% |
| Q2 2026 | $111.1M | +6.7% |
| Q1 2026 | $105.5M | +1.2% |
| Q4 2025 | $109.8M | -3.9% |
| Q3 2025 | $103.4M | -1.2% |
| Q2 2025 | $104.1M | +1% |
| Q1 2025 | $104.2M | -2.4% |
| Q4 2024 | $114.2M | +1.9% |
RMNI's revenue grew through 2022 and has held roughly level since: $112M last quarter, up 8.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.8% | +4.5 points |
| Q2 2026 | 5.7% | -34 points |
| Q1 2026 | 4.5% | -4.4 points |
| Q4 2025 | 4.5% | -8.5 points |
| Q3 2025 | 4.2% | +52 points |
| Q2 2025 | 40% | +40 points |
| Q1 2025 | 9% | +5.8 points |
| Q4 2024 | 13% | +2.7 points |
RMNI's operating margin was 8.8% last quarter, up 4.5 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 RMNI on cash flow, with more consistent year-over-year improvement.
RMNI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$18M | -177% |
| Q2 2026 | -$2.4M | +$17.2M |
| Q1 2026 | $23.9M | -27% |
| Q4 2025 | $18.9M | +$57.2M |
| Q3 2025 | $23.5M | +$42.7M |
| Q2 2025 | -$19.5M | -462% |
| Q1 2025 | $32.8M | +231% |
| Q4 2024 | -$38.4M | -$33.7M |
RMNI's free cash flow has turned positive after three years mostly in the red: $22M 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.
RMNI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.3% | +1.3M shares |
| 1 year | +0.9% | +821K shares |
| 3 years | +7.6% | +6.8M shares |
| 5 years | +12% | +9.9M shares |
| Available history | +43% | +28.8M shares |
RMNI has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | $3.8M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | $1M |
| Q1 2023 | — |
| Q4 2022 | — |
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.
RMNI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.7x | Net Cash |
| Q2 2026 | -3.1x | Net Cash |
| Q1 2026 | -1.3x | Net Cash |
| Q4 2025 | -0.8x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -1.2x | Net Cash |
| Q2 2024 | -2.2x | Net Cash |
| Q1 2024 | -1.5x | Net Cash |
RMNI 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).
RMNI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.6 | Neutral |
| Stochastic | 77.6 | Neutral |
RMNI's weekly RSI is 66 (neutral) and its Stochastic is 78 (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 RMNI on valuation relative to its sector.
RMNI PE vs Technology Sector
| Metric | RMNI | Sector median | Relative |
|---|---|---|---|
| PE | 51x | 28x | 82% above |
| PE % | 92 | 35 | 57 pts above |
RMNI is trading at 51x earnings, a 82% 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 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.
RMNI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.55 | 23% above |
| 20 week MA | $4.72 | 18% above |
| 50 week MA | $4.11 | 36% above |
| 100 week MA | $3.91 | 43% above |
| 200 week MA | $3.49 | 60% above |
RMNI 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 RMNI on returns for 2026, with the stronger performance.
RMNI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.95 | $4.60 | +16% |
| 2021 | $4.60 | $5.86 | +27% |
| 2022 | $5.86 | $3.88 | -34% |
| 2023 | $3.88 | $3.27 | -16% |
| 2024 | $3.27 | $2.70 | -17% |
| 2025 | $2.70 | $3.94 | +46% |
| 2026 YTD | $3.94 | $5.59 | +42% |
RMNI is up 42% so far in 2026, after finishing lower in three of the previous six years.