MU
Micron Technology, Inc.
MU has the edge over SIMO overall, supported by stronger valuation and stronger modeled upside.
SIMO
Silicon Motion Technology Corporation
SIMO'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.
SIMO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Weak | |
| Healthy |
SIMO's revenue, profitability and balance sheet are currently healthy, but its cash flow 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.
SIMO PE Valuation
SIMO 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.
SIMO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for SIMO, 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's earnings per share have climbed steadily: $74.33 over the past year, about 10 times what it earned the year before, and higher year over year for 10 quarters in a row.
SIMO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $34.16 | +790% |
| Q1 2026 | $20.16 | +620% |
| Q4 2025 | $12.84 | +372% |
| Q3 2025 | $7.84 | +193% |
| Q2 2025 | $3.84 | +63% |
| Q1 2025 | $2.80 | +59% |
| Q4 2024 | $2.72 | +71% |
| Q3 2024 | $2.68 | +61% |
SIMO's earnings per share have climbed steadily: $34.16 over the past year, about nine times what it earned the year before, and higher year over year for eight quarters in a row.
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 SIMO 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 SIMO on profitability, with a higher operating margin.
SIMO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $451M | +127% |
| Q1 2026 | $342.1M | +105% |
| Q4 2025 | $278.5M | +46% |
| Q3 2025 | $242M | +14% |
| Q2 2025 | $198.7M | -5.7% |
| Q1 2025 | $166.5M | -12% |
| Q4 2024 | $191.2M | -5.5% |
| Q3 2024 | $212.4M | +23% |
SIMO's revenue has grown year over year for four quarters in a row: $451M last quarter, up 127% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 22% | +11 points |
| Q1 2026 | 15% | +9.4 points |
| Q4 2025 | 11% | +2.1 points |
| Q3 2025 | 12% | +0.6 points |
| Q2 2025 | 11% | -3.3 points |
| Q1 2025 | 5.9% | -3.6 points |
| Q4 2024 | 9.3% | +0.6 points |
| Q3 2024 | 12% | +2.8 points |
SIMO's operating margin was 22% last quarter, up 11 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 SIMO on cash generation, producing positive trailing cash flow while its opponent burns cash.
SIMO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$71.5M | -$38.7M |
| Q1 2026 | -$49.4M | -228% |
| Q4 2025 | -$6.3M | +$10.7M |
| Q3 2025 | $6.8M | -84% |
| Q2 2025 | -$32.8M | -397% |
| Q1 2025 | $38.6M | +$41.5M |
| Q4 2024 | -$17M | -154% |
| Q3 2024 | $41.6M | -13% |
SIMO's free cash flow has turned negative after years in the green: −$120M 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.
SIMO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +45.3K shares |
| 1 year | +1.6% | +134K shares |
| 3 years | -75% | -24.9M shares |
| 5 years | -76% | -26.4M shares |
| Available history | -76% | -26.6M shares |
SIMO has 9M diluted shares, up 1.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $21,000 |
| Q1 2025 | $24.3M |
| Q4 2024 | — |
| Q3 2024 | — |
SIMO hasn't bought back shares in the past year.
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 SIMO on leverage, with a lower net debt burden relative to earnings.
SIMO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
| Q4 2025 | -1.2x | Net Cash |
| Q3 2025 | -1.4x | Net Cash |
| Q2 2025 | -1.7x | Net Cash |
| Q1 2025 | -2.0x | Net Cash |
| Q4 2024 | -2.0x | Net Cash |
| Q3 2024 | -2.6x | Net Cash |
SIMO 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).
SIMO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.6 | Neutral |
| Stochastic | 15.5 | Oversold |
SIMO's weekly RSI is 41 (neutral) and its Stochastic is 16 (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.
SIMO PE vs Technology Sector
| Metric | SIMO | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
SIMO 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 the edge over SIMO on trend strength, trading above more of its moving averages.
SIMO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.3 | 19% below |
| 20 week MA | $251.4 | 29% below |
| 50 week MA | $198.9 | 9.7% below |
| 100 week MA | $133.6 | 34% above |
| 200 week MA | $98.9 | 81% above |
SIMO has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 81% 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 SIMO on returns for 2026, with the stronger performance.
SIMO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $50.5 | $44.9 | -11% |
| 2021 | $44.9 | $92.1 | +105% |
| 2022 | $92.1 | $62.4 | -32% |
| 2023 | $62.4 | $61.3 | -1.8% |
| 2024 | $61.3 | $54.9 | -10% |
| 2025 | $54.9 | $90.2 | +64% |
| 2026 YTD | $90.2 | $179.5 | +99% |
SIMO is up 99% so far in 2026, after finishing lower in four of the previous six years.