MU
Micron Technology, Inc.
MU has the edge over SAIL overall, supported by stronger valuation and stronger fundamentals.
SAIL
SailPoint, Inc.
SAIL'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.
SAIL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Strong | |
| Strong |
SAIL's revenue, cash flow and balance sheet are currently healthy, but its profitability is weak.
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.
SAIL PE Valuation
SAIL 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.
SAIL Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for SAIL, 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 stronger earnings trend. Trailing diluted EPS is up 879% for MU versus SAIL down 133%.
SAIL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.38 | — |
| Q2 2022 | -$0.98 | -$0.57 |
| Q1 2022 | -$0.85 | -$0.65 |
| Q4 2021 | -$0.67 | -$0.55 |
| Q3 2021 | -$0.61 | -$0.60 |
| Q2 2021 | -$0.41 | -1125% |
| Q1 2021 | -$0.20 | -$0.11 |
| Q4 2020 | -$0.12 | -$0.02 |
| Q3 2020 | -$0.01 | +$0.01 |
SAIL is still losing money, but far less than before: $0.32 per share over the past year, against $0.98 at its worst in mid-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 SAIL 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 SAIL on profitability, with a higher operating margin.
SAIL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $308.8M | +17% |
| Q2 2026 | $280.1M | +22% |
| Q1 2026 | $294.6M | +23% |
| Q4 2025 | $281.9M | +20% |
| Q3 2025 | $264.4M | +33% |
| Q2 2025 | $230.5M | +23% |
| Q1 2025 | $240.1M | +18% |
| Q2 2022 | $134.3M | +31% |
SAIL's revenue has grown year over year every quarter since mid-2019: $309M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -19% | -3.7 points |
| Q2 2026 | -28% | +52 points |
| Q1 2026 | -14% | -55 points |
| Q4 2025 | -15% | -4.3 points |
| Q3 2025 | -15% | +18 points |
| Q2 2025 | -80% | -44 points |
| Q1 2025 | 42% | +237 points |
| Q4 2024 | -10% | +9.5 points |
SAIL's operating margin was −19% last quarter, down 3.7 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 SAIL on cash flow, with more consistent year-over-year improvement.
SAIL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $43M | -12% |
| Q2 2026 | $37.3M | +$136.3M |
| Q1 2026 | $62.1M | +425% |
| Q4 2025 | $52.5M | +$69.3M |
| Q3 2025 | $49M | +$105.5M |
| Q2 2025 | -$99M | -$40.5M |
| Q1 2025 | $11.8M | +$66.7M |
| Q2 2022 | -$18.4M | -$4.8M |
SAIL's free cash flow has turned positive after three years mostly in the red: $195M 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 the edge over SAIL 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.
SAIL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +3.6M shares |
| 1 year | +2.2% | +12.4M shares |
| 3 years | +513% | +475M shares |
| 5 years | +539% | +479M shares |
| Available history | +559% | +482M shares |
SAIL has 568M diluted shares, up 2.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $275,000 |
| Q4 2024 | $4.1M |
| Q3 2024 | — |
| Q2 2024 | $1.8M |
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.
SAIL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -41.3x | Net Cash |
| Q4 2025 | -7.4x | Net Cash |
| Q3 2025 | -4.7x | Net Cash |
| Q2 2025 | -4.9x | Net Cash |
| Q1 2025 | 5.2x | High |
| Q1 2021 | -45.8x | Net Cash |
| Q4 2020 | -26.6x | Net Cash |
| Q3 2020 | -17.3x | Net Cash |
SAIL has more cash than debt.
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).
SAIL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.0 | Neutral |
| Stochastic | 62.8 | Neutral |
SAIL's weekly RSI is 56 (neutral) and its Stochastic is 63 (neutral).
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.
SAIL PE vs Technology Sector
SAIL 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 |
SAIL has stronger trend alignment. MU is above 3 of 5 weekly averages versus SAIL above 3 of 3.
SAIL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.4 | 0.9% above |
| 20 week MA | $18.6 | 11% above |
| 50 week MA | $16.8 | 23% above |
SAIL is in an uptrend: it's above all three of its weekly moving averages, and 23% above its 50-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 SAIL on returns for 2026, with the stronger performance.
SAIL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $24.6 | $21.2 | -14% |
| 2026 YTD | $21.2 | $20.6 | -2.7% |
SAIL has finished every year since 2025 lower, and it's down 2.7% so far in 2026.