MU
Micron Technology, Inc.
MU has the edge over SAIC overall, supported by stronger modeled upside and stronger fundamentals.
SAIC
Science Applications International Corporation
SAIC'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.
SAIC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Under pressure |
SAIC's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is 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.
SAIC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $114 | -25% |
| Forward | 14x | $151 | — |
| Fair | 18x | $157 | +3.7% |
| Current | 18x | $151 | — |
| Expensive | 24x | $202 | +34% |
Historical ranges are pointers, not guarantees.
SAIC has the edge over MU in the historical PE scenario, which offers more potential upside but is not a forecast.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
MU has the edge over SAIC on the outlook, with more favorable revenue expectations.
SAIC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect SAIC's earnings to grow and its profitability to improve, with its 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 SAIC on earnings, with more consistent year-over-year improvement.
SAIC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.73 | +25% |
| Q3 2026 | $8.56 | +3.9% |
| Q2 2026 | $8.89 | +25% |
| Q1 2026 | $7.70 | +7.4% |
| Q4 2025 | $7.80 | +31% |
| Q3 2025 | $8.24 | +47% |
| Q2 2025 | $7.11 | -17% |
| Q1 2025 | $7.17 | -19% |
| Q4 2024 | $5.96 | -37% |
SAIC earned $8.56 per share over the past year, up 3.9% from the year before.
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 SAIC 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 SAIC on profitability, with a higher operating margin.
SAIC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.9B | +6.3% |
| Q2 2026 | $1.9B | +1.5% |
| Q1 2026 | $1.8B | -4.8% |
| Q4 2025 | $1.9B | -5.6% |
| Q3 2025 | $1.8B | -2.7% |
| Q2 2025 | $1.9B | +1.6% |
| Q1 2025 | $1.8B | +5.8% |
| Q4 2024 | $2B | +4.3% |
SAIC's revenue grew through 2020 and has held roughly level since: $1.9B last quarter, up 6.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.1% | +0.2 points |
| Q2 2026 | 9.4% | +2.9 points |
| Q1 2026 | 7.6% | +0.1 points |
| Q4 2025 | 6.9% | -1.2 points |
| Q3 2025 | 7.9% | +0.5 points |
| Q2 2025 | 6.5% | -0.6 points |
| Q1 2025 | 7.5% | +3 points |
| Q4 2024 | 8.1% | +0.5 points |
SAIC's operating margin was 8.1% last quarter, about level with 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 SAIC on cash flow, with more consistent year-over-year improvement.
SAIC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $131M | +14% |
| Q2 2026 | $118M | +28% |
| Q1 2026 | $250M | +150% |
| Q4 2025 | $120M | -10% |
| Q3 2025 | $115M | -13% |
| Q2 2025 | $92M | 0% |
| Q1 2025 | $100M | +92% |
| Q4 2024 | $134M | +38% |
SAIC's free cash flow has been positive every quarter for seven years: $619M over the past year, up 40% 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.
SAIC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.7% | -1.2M shares |
| 1 year | -8.5% | -4M shares |
| 3 years | -21% | -11.1M shares |
| 5 years | -27% | -15.6M shares |
| Available history | -27% | -15.5M shares |
SAIC has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $98M |
| Q2 2026 | $188M |
| Q1 2026 | $98M |
| Q4 2025 | $95M |
| Q3 2025 | $110M |
| Q2 2025 | $142M |
| Q1 2025 | $133M |
| Q4 2024 | $121M |
SAIC spent $479M buying back its own shares over the past year, down 5.3% from 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 the edge over SAIC on leverage, with a lower net debt burden relative to earnings.
SAIC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.2x | Elevated |
| Q2 2026 | 3.3x | Elevated |
| Q1 2026 | 3.4x | Elevated |
| Q4 2025 | 3.6x | Elevated |
| Q3 2025 | 3.2x | Elevated |
| Q2 2025 | 3.2x | Elevated |
| Q1 2025 | 3.1x | Elevated |
| Q4 2024 | 3.3x | Elevated |
SAIC's net debt is about 3.1 years of its operating earnings (EBITDA), about the same as 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).
SAIC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 70.4 | Overbought |
| Stochastic | 86.2 | Overbought |
SAIC's weekly RSI is 70 (overbought) and its Stochastic is 86 (overbought).
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 SAIC on valuation relative to its sector.
SAIC PE vs Technology Sector
| Metric | SAIC | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 28x | 37% below |
| PE % | 45 | 35 | 10 pts above |
SAIC is trading at 18x earnings, a 37% discount 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.
SAIC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $140.1 | 8% above |
| 20 week MA | $129.7 | 17% above |
| 50 week MA | $111.9 | 35% above |
| 100 week MA | $109.9 | 38% above |
| 200 week MA | $115.1 | 31% above |
SAIC 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 SAIC on returns for 2026, with the stronger performance.
SAIC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $88.3 | $96.8 | +9.7% |
| 2021 | $96.8 | $82.4 | -15% |
| 2022 | $82.4 | $109.5 | +33% |
| 2023 | $109.5 | $124.3 | +14% |
| 2024 | $124.3 | $111.1 | -11% |
| 2025 | $111.1 | $102.7 | -7.6% |
| 2026 YTD | $102.7 | $151.2 | +47% |
SAIC is up 47% so far in 2026, after finishing lower in three of the previous six years.