MU
Micron Technology, Inc.
MU has the edge over SONO overall, supported by stronger valuation and stronger modeled upside.
SONO
Sonos, Inc.
SONO 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.
SONO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
SONO's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
SONO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 21x | $15.38 | -15% |
| Current | 25x | $18.11 | — |
| Fair | 34x | $24.15 | +33% |
| Expensive | 148x | $106 | +488% |
Historical ranges are pointers, not guarantees.
SONO 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 |
Analysts expect strong earnings and revenue growth for MU, with profitability improving.
SONO Forward outlook
There aren't enough analyst estimates for SONO 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 SONO in the latest year-over-year earnings comparison.
SONO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.72 | +$1.23 |
SONO has returned to profit: it earned $0.72 per share over the past year, after losing money 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 SONO 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 SONO on profitability, with a higher operating margin.
SONO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $344.4M | +20% |
| Q2 2026 | $375.3M | +8.8% |
| Q1 2026 | $281.5M | +8.4% |
| Q4 2025 | $545.7M | -0.9% |
SONO's revenue is recovering but still below its 2024 peak: $344M last quarter, up 20% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 8.4% | +9.3 points |
| Q1 2026 | -11% | +12 points |
| Q4 2025 | 18% | +9.7 points |
| Q3 2025 | -12% | N/A |
| Q2 2025 | -0.8% | N/A |
| Q1 2025 | -24% | N/A |
| Q4 2024 | 8.7% | N/A |
SONO's operating margin was 8.4% last quarter, up 9.3 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 SONO in the latest year-over-year cash flow comparison.
SONO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $40.3M | +23% |
| Q1 2026 | -$70.2M | -$4.9M |
| Q4 2025 | $157.3M | +10% |
MU has the edge over SONO in the latest year-over-year cash flow comparison.
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.
SONO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +773K shares |
| 1 year | +0.5% | +559K shares |
SONO has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $30.2M |
| Q1 2026 | $40.1M |
| Q4 2025 | $25M |
| Q3 2025 | $20.4M |
| Q2 2025 | — |
| Q1 2025 | $33.4M |
| Q4 2024 | $27.2M |
SONO spent $116M buying back its own shares over 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 more cash than debt.
SONO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -1.8x | Net Cash |
| Q1 2026 | -2.3x | Net Cash |
| Q4 2025 | -5.2x | Net Cash |
| Q3 2025 | -14.7x | Net Cash |
SONO 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).
SONO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.6 | Neutral |
| Stochastic | 58.7 | Neutral |
SONO's weekly RSI is 62 (neutral) and its Stochastic is 59 (neutral).
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 SONO on valuation relative to its sector.
SONO PE vs Technology Sector
| Metric | SONO | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 28x | 9.7% below |
| PE % | 33 | 35 | 2 pts below |
SONO is trading at 25x earnings, in line with the Technology sector's median of 28x, though its earnings don't support one.
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.
SONO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $17.3 | 4.4% above |
| 20 week MA | $16.0 | 13% above |
| 50 week MA | $15.6 | 16% above |
| 100 week MA | $14.3 | 27% above |
| 200 week MA | $14.9 | 21% above |
SONO 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 SONO on returns for 2026, with the stronger performance.
SONO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.0 | $24.4 | +63% |
| 2021 | $24.4 | $29.9 | +22% |
| 2022 | $29.9 | $17.0 | -43% |
| 2023 | $17.0 | $17.1 | +0.8% |
| 2024 | $17.1 | $15.0 | -12% |
| 2025 | $15.0 | $18.1 | +20% |
| 2026 YTD | $18.1 | $18.1 | +0.2% |
SONO has finished higher in four of the last six years. It's roughly flat so far in 2026.