MU
Micron Technology, Inc.
MU has the edge over RXT overall, supported by stronger valuation and stronger fundamentals.
RXT
Rackspace Technology, Inc.
RXT trails on the overall score without a compensating advantage in the available component scores.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
RXT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Weak |
RXT's revenue and profitability are currently stable, but its cash flow and balance sheet are under pressure.
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.
RXT PE Valuation
RXT 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 |
MU has the edge over RXT on the outlook, with more favorable earnings and revenue expectations.
RXT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Stable | |
| Weakening | |
| Limited | |
| High |
Analysts expect RXT's losses to grow, with revenue holding steady.
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 RXT on earnings quality, reporting a profit while its opponent remains loss making.
RXT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.58 | +$0.44 |
| Q2 2026 | -$0.65 | +$0.91 |
| Q1 2026 | -$0.61 | +$0.61 |
| Q4 2025 | -$0.95 | +$2.87 |
| Q3 2025 | -$1.02 | +$2.44 |
| Q2 2025 | -$1.56 | +$2.13 |
| Q1 2025 | -$1.22 | +$2.71 |
| Q4 2024 | -$3.82 | +$0.07 |
RXT is still losing money, but far less than before: $0.58 per share over the past year, against $6.50 at its worst in early 2023.
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 RXT 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 RXT on profitability, with a higher operating margin.
RXT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $609.1M | -9.3% |
| Q2 2026 | $670.1M | +0.6% |
| Q1 2026 | $678.1M | +1.9% |
| Q4 2025 | $682.8M | -0.4% |
| Q3 2025 | $671.2M | -0.7% |
| Q2 2025 | $666.3M | -2.7% |
| Q1 2025 | $665.4M | -3.7% |
| Q4 2024 | $685.6M | -4.7% |
RXT's revenue fell from its 2022 peak and has held roughly level since: $609M last quarter, down 9.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -2% | +3 points |
| Q2 2026 | -5% | -1.2 points |
| Q1 2026 | -2.6% | +3.1 points |
| Q4 2025 | -0.5% | +3.7 points |
| Q3 2025 | -5% | +21 points |
| Q2 2025 | -3.8% | +4.1 points |
| Q1 2025 | -5.8% | +89 points |
| Q4 2024 | -4.2% | -2.1 points |
RXT's operating margin was −2% last quarter, up 3 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 RXT on cash generation, producing positive trailing cash flow while its opponent burns cash.
RXT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2M | -97% |
| Q2 2026 | -$48.3M | -$35.9M |
| Q1 2026 | -$9.4M | -319% |
| Q4 2025 | $56M | +63% |
| Q3 2025 | $42.7M | +56% |
| Q2 2025 | -$12.4M | +$2.1M |
| Q1 2025 | $4.3M | +$122.7M |
| Q4 2024 | $34.4M | -10% |
RXT's free cash flow was −$500,000 over the past year, against $69M 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 RXT 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.
RXT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.5% | +6.2M shares |
| 1 year | +6.6% | +15.9M shares |
| 3 years | +19% | +40.3M shares |
| 5 years | +22% | +47M shares |
| Available history | +1463% | +240M shares |
RXT has 256M diluted shares, up 6.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $26.9M |
| Q1 2022 | $4.1M |
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 the edge over RXT on leverage, with a lower net debt burden relative to earnings.
RXT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 21.3x | High |
| Q2 2026 | 19.1x | High |
| Q1 2026 | 14.1x | High |
| Q4 2025 | 13.4x | High |
| Q3 2025 | 15.6x | High |
| Q2 2025 | 92.0x | High |
| Q1 2020 | 5.6x | High |
| Q4 2019 | 5.5x | High |
RXT's net debt is more than 20 years of its operating earnings (EBITDA), up from 16 years a year ago.
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).
RXT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.4 | Neutral |
| Stochastic | 10.7 | Oversold |
RXT's weekly RSI is 46 (neutral) and its Stochastic is 11 (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.
RXT PE vs Technology Sector
RXT 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.
RXT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.23 | 6.8% below |
| 20 week MA | $3.74 | 20% below |
| 50 week MA | $2.91 | 3.4% above |
| 100 week MA | $2.28 | 32% above |
| 200 week MA | $2.18 | 38% above |
RXT has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 38% 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's yearly returns have swung widely, from +221% in 2025 to −47% in 2022. It's up 180% so far in 2026.
RXT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.4 | $19.9 | +29% |
| 2021 | $19.9 | $14.2 | -29% |
| 2022 | $14.2 | $2.64 | -81% |
| 2023 | $2.64 | $2.00 | -24% |
| 2024 | $2.00 | $2.21 | +10% |
| 2025 | $2.21 | $0.98 | -56% |
| 2026 YTD | $0.98 | $3.01 | +207% |
RXT has the edge over MU on returns for 2026, with the stronger performance.