MU
Micron Technology, Inc.
MU has the edge over SLAB overall, supported by stronger valuation and stronger modeled upside.
SLAB
Silicon Laboratories Inc.
SLAB 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.
SLAB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Under pressure | |
| Strong |
SLAB's revenue and balance sheet are currently healthy, and its profitability is stable, but its cash flow 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.
SLAB PE Valuation
SLAB 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.
SLAB Forward outlook
There aren't enough analyst estimates for SLAB to show an outlook.
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 SLAB on earnings quality, reporting a profit while its opponent remains loss making.
SLAB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.61 | +$2.02 |
| Q2 2026 | -$1.17 | +$2.04 |
| Q1 2026 | -$1.52 | +$3.58 |
| Q4 2025 | -$1.98 | +$3.95 |
| Q3 2025 | -$2.63 | +$4.73 |
| Q2 2025 | -$3.21 | +$2.95 |
| Q1 2025 | -$5.10 | -$1.83 |
| Q4 2024 | -$5.93 | -$4.84 |
SLAB is still losing money, but far less than before: $0.61 per share over the past year, against $7.36 at its worst in late 2024.
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 SLAB 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 SLAB on profitability, with a higher operating margin.
SLAB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $250.9M | +22% |
| Q2 2026 | $228.2M | +18% |
| Q1 2026 | $213.5M | +20% |
| Q4 2025 | $208.2M | +25% |
| Q3 2025 | $206M | +24% |
| Q2 2025 | $192.8M | +33% |
| Q1 2025 | $177.7M | +67% |
| Q4 2024 | $166.2M | +91% |
SLAB's revenue has grown year over year for eight quarters in a row: $251M last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.2% | +9.2 points |
| Q2 2026 | -4.7% | +7.2 points |
| Q1 2026 | -8% | +10 points |
| Q4 2025 | -1.6% | +16 points |
| Q3 2025 | -6% | +12 points |
| Q2 2025 | -12% | +21 points |
| Q1 2025 | -18% | +38 points |
| Q4 2024 | -17% | +67 points |
SLAB's operating margin was 3.2% last quarter, up 9.2 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 SLAB on cash flow, with more consistent year-over-year improvement.
SLAB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $40.5M | +45% |
| Q2 2026 | -$26.8M | -$23M |
| Q1 2026 | -$4.9M | -111% |
| Q4 2025 | -$1.6M | -126% |
| Q3 2025 | $27.9M | -5.1% |
| Q2 2025 | -$3.8M | -130% |
| Q1 2025 | $43.3M | +$117.1M |
| Q4 2024 | $6.2M | -58% |
SLAB still generates free cash flow, though less than at its 2022 peak: $7M 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 SLAB 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.
SLAB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.6% | +546K shares |
| 1 year | +2.8% | +917K shares |
| 3 years | +5.2% | +1.7M shares |
| 5 years | -24% | -10.9M shares |
| Available history | -24% | -10.5M shares |
SLAB has 34M diluted shares, up 2.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | $16,000 |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | $16M |
| Q2 2023 | $183.5M |
| Q1 2023 | $17.6M |
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.
SLAB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -402.1x | Net Cash |
| Q4 2023 | -117.5x | Net Cash |
| Q3 2023 | -1.2x | Net Cash |
| Q2 2023 | -1.3x | Net Cash |
| Q1 2023 | -5.6x | Net Cash |
| Q4 2022 | -3.5x | Net Cash |
| Q3 2022 | -4.1x | Net Cash |
| Q2 2022 | -6.4x | Net Cash |
SLAB 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).
SLAB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 69.2 | Neutral |
| Stochastic | 78.2 | Neutral |
SLAB's weekly RSI is 69 (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 is trading at 11x earnings, a 61% discount to the Technology sector's median of 28x.
SLAB PE vs Technology Sector
| Metric | SLAB | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
SLAB 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.
SLAB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 0.1% above |
| 20 week MA | $219.9 | 1% above |
| 50 week MA | $202.3 | 9.8% above |
| 100 week MA | $165.8 | 34% above |
| 200 week MA | $148.3 | 50% above |
SLAB 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 SLAB on returns for 2026, with the stronger performance.
SLAB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $116.5 | $126.3 | +8.4% |
| 2021 | $126.3 | $205.1 | +62% |
| 2022 | $205.1 | $134.7 | -34% |
| 2023 | $134.7 | $132.3 | -1.8% |
| 2024 | $132.3 | $127.8 | -3.4% |
| 2025 | $127.8 | $134.4 | +5.2% |
| 2026 YTD | $134.4 | $222.1 | +65% |
SLAB is up 65% so far in 2026, after finishing lower in three of the previous six years.