MU
Micron Technology, Inc.
MU has the edge over SMRT overall, supported by stronger valuation and stronger modeled upside.
SMRT
SmartRent, Inc.
SMRT'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.
SMRT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Stable | |
| Unavailable |
SMRT's revenue is currently healthy, and its cash flow is stable, but its profitability is under pressure. There isn't enough data to rate its balance sheet.
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.
SMRT PE Valuation
SMRT 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.
SMRT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect SMRT's losses to shrink, with revenue growing.
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 SMRT on earnings quality, reporting a profit while its opponent remains loss making.
SMRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.09 | +$0.27 |
| Q2 2026 | -$0.10 | +$0.28 |
| Q1 2026 | -$0.13 | +$0.21 |
| Q4 2025 | -$0.32 | -$0.15 |
| Q3 2025 | -$0.36 | -$0.24 |
| Q2 2025 | -$0.38 | -$0.27 |
| Q1 2025 | -$0.34 | -$0.20 |
| Q4 2024 | -$0.17 | $0.00 |
SMRT is still losing money, but far less than before: $0.09 per share over the past year, against $0.49 at its worst in late 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 SMRT 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 SMRT on profitability, with a higher operating margin.
SMRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $41.6M | +15% |
| Q2 2026 | $39.8M | +4% |
| Q1 2026 | $38.7M | -6.4% |
| Q4 2025 | $36.5M | +3.1% |
| Q3 2025 | $36.2M | -11% |
| Q2 2025 | $38.3M | -21% |
| Q1 2025 | $41.3M | -18% |
| Q4 2024 | $35.4M | -41% |
SMRT's revenue is recovering but still below its 2023 peak: $42M last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -12% | +7.8 points |
| Q2 2026 | -16% | +14 points |
| Q1 2026 | -13% | +87 points |
| Q4 2025 | -11% | +26 points |
| Q3 2025 | -19% | +9.6 points |
| Q2 2025 | -31% | -16 points |
| Q1 2025 | -100% | -80 points |
| Q4 2024 | -37% | -27 points |
SMRT's operating margin was −12% last quarter, up 7.8 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 SMRT on cash flow, with more consistent year-over-year improvement.
SMRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.6M | +$4.9M |
| Q2 2026 | -$1.9M | +$14.3M |
| Q1 2026 | -$4.6M | +$9.8M |
| Q4 2025 | $7.7M | +$20.9M |
| Q3 2025 | -$2.2M | +$1.7M |
| Q2 2025 | -$16.2M | -$2.1M |
| Q1 2025 | -$14.3M | -$11M |
| Q4 2024 | -$13.3M | -281% |
SMRT's free cash flow has turned positive after five years mostly in the red: $4M 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.
SMRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -1.5M shares |
| 1 year | +1.4% | +2.5M shares |
| 3 years | -5.3% | -10.7M shares |
SMRT has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3.4M |
| Q4 2025 | $29,000 |
| Q3 2025 | — |
| Q2 2025 | $3.7M |
| Q1 2025 | $1.2M |
| Q4 2024 | $5.1M |
| Q3 2024 | $17.1M |
| Q2 2024 | $2M |
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.
SMRT Net Leverage
SMRT's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
SMRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.8 | Neutral |
| Stochastic | 82.2 | Overbought |
SMRT's weekly RSI is 65 (neutral) and its Stochastic is 82 (overbought).
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.
SMRT PE vs Technology Sector
SMRT 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.
SMRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.32 | 27% above |
| 20 week MA | $1.25 | 34% above |
| 50 week MA | $1.44 | 16% above |
| 100 week MA | $1.34 | 25% above |
| 200 week MA | $1.99 | 16% below |
SMRT 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 SMRT on returns for 2026, with the stronger performance.
SMRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $11.1 | $10.1 | -9% |
| 2022 | $10.1 | $2.14 | -79% |
| 2023 | $2.14 | $3.19 | +49% |
| 2024 | $3.19 | $1.63 | -49% |
| 2025 | $1.63 | $2.03 | +25% |
| 2026 YTD | $2.03 | $1.67 | -18% |
SMRT has finished lower in three of the last five years. It's down 18% so far in 2026.