MU
Micron Technology, Inc.
MU has the edge over SQNS overall, supported by stronger fundamentals and stronger valuation.
SQNS
Sequans Communications S.A.
SQNS 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.
SQNS Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Weak | |
| Stable |
SQNS's balance sheet is currently stable, but its revenue, profitability and cash flow are 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.
SQNS PE Valuation
SQNS 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 |
MU has the edge over SQNS on the outlook, with more favorable profitability expectations.
SQNS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect SQNS'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 SQNS on earnings quality, reporting a profit while its opponent remains loss making.
SQNS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$11.33 | -622% |
| Q1 2026 | -$11.04 | -540% |
| Q4 2025 | -$7.43 | -420% |
| Q3 2025 | -$1.21 | -172% |
| Q2 2025 | $2.17 | +$3.80 |
| Q1 2025 | $2.51 | +$4.52 |
| Q4 2024 | $2.32 | +$4.11 |
| Q3 2024 | $1.69 | +$3.03 |
SQNS has swung to a loss: it lost $11.33 per share over the past year, after a profit 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 SQNS 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 SQNS on profitability, with a higher operating margin.
SQNS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $7.5M | -8.4% |
| Q1 2026 | $6.1M | -25% |
| Q4 2025 | $7M | -37% |
| Q3 2025 | $4.3M | -57% |
| Q2 2025 | $8.1M | -16% |
| Q1 2025 | $8.1M | +34% |
| Q4 2024 | $11M | +131% |
| Q3 2024 | $10.1M | +29% |
SQNS's revenue has slid since its 2022 peak: $7M last quarter, down 8.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -127% | -20 points |
| Q1 2026 | -157% | -72 points |
| Q4 2025 | -128% | -81 points |
| Q3 2025 | -477% | -1339 points |
| Q2 2025 | -107% | -69 points |
| Q1 2025 | -85% | +57 points |
| Q4 2024 | -47% | +217 points |
| Q3 2024 | 863% | +964 points |
SQNS's operating margin was −127% last quarter, down 20 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 SQNS on cash generation, producing positive trailing cash flow while its opponent burns cash.
SQNS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$9.8M | -$7.3M |
| Q1 2026 | -$16.1M | -$6.2M |
| Q4 2025 | -$2.2M | +$27.6M |
| Q3 2025 | -$14.9M | -$11.6M |
| Q2 2025 | -$2.4M | -131% |
| Q1 2025 | -$9.8M | +$4.1M |
| Q4 2024 | -$29.8M | -$18.2M |
| Q3 2024 | -$3.3M | +$2.6M |
SQNS has burned cash in almost every quarter: −$43M over the past year, against −$45M the year before.
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.
SQNS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.5% | +1M shares |
| 1 year | -41% | -10.4M shares |
| 3 years | -34% | -7.9M shares |
| 5 years | +0.9% | +136K shares |
| Available history | +58% | +5.5M shares |
SQNS has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | $936,391 |
| Q4 2025 | $9.4M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
SQNS spent $10M buying back its own shares over the past year, after none the year before.
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.
SQNS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 1.6x | Healthy |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.0x | Net Cash |
| Q4 2024 | 0.0x | Very low |
| Q3 2024 | -1.4x | Net Cash |
| Q3 2023 | 11.5x | High |
| Q2 2023 | 4.5x | High |
| Q1 2023 | 3.1x | Elevated |
SQNS's net debt is about 1.6 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
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).
SQNS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.3 | Neutral |
| Stochastic | 25.3 | Neutral |
SQNS's weekly RSI is 38 (neutral) and its Stochastic is 25 (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.
SQNS PE vs Technology Sector
SQNS 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 SQNS on trend strength, trading above more of its moving averages.
SQNS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.61 | 6.5% below |
| 20 week MA | $2.77 | 12% below |
| 50 week MA | $3.42 | 29% below |
| 100 week MA | $11.0 | 78% below |
| 200 week MA | $28.3 | 91% below |
SQNS is in a downtrend: it's below all five of its weekly moving averages, and 91% below 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 SQNS on returns for 2026, with the stronger performance.
SQNS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $75.0 | $157.3 | +110% |
| 2021 | $157.3 | $120.0 | -24% |
| 2022 | $120.0 | $72.0 | -40% |
| 2023 | $72.0 | $70.8 | -1.7% |
| 2024 | $70.8 | $33.9 | -52% |
| 2025 | $33.9 | $4.76 | -86% |
| 2026 YTD | $4.76 | $2.44 | -49% |
SQNS has finished five years in a row lower, and it's down 49% so far in 2026.