MU
Micron Technology, Inc.
MU has the edge over STM overall, supported by stronger valuation and stronger fundamentals.
STM
STMicroelectronics N.V.
STM's outlook is improving despite an expensive valuation.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
STM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Strong |
STM's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
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 has the edge over STM in the historical PE scenario, which offers more potential upside but is not a forecast.
STM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.6x | $5.40 | -88% |
| Fair | 21x | $11.96 | -74% |
| Expensive | 40x | $22.34 | -52% |
| Current | 83x | $46.46 | — |
Historical ranges are pointers, not guarantees.
STM's PE is in its expensive range at 83x.
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.
STM Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for STM, 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 has the edge over STM on earnings, with more consistent year-over-year improvement.
STM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.56 | -1.8% |
| Q2 2026 | $0.51 | -25% |
| Q1 2026 | $0.16 | -86% |
| Q4 2025 | $0.18 | -89% |
| Q3 2025 | $0.57 | -77% |
| Q2 2025 | $0.68 | -79% |
| Q1 2025 | $1.17 | -70% |
| Q4 2024 | $1.65 | -63% |
STM's earnings per share have fallen from their peak: $0.56 over the past year, against $4.89 in early 2023.
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 STM 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 STM on profitability, with a higher operating margin.
STM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.8B | +18% |
| Q2 2026 | $3.5B | +24% |
| Q1 2026 | $3.1B | +23% |
| Q4 2025 | $3.3B | +0.1% |
| Q3 2025 | $3.2B | -2.4% |
| Q2 2025 | $2.8B | -13% |
| Q1 2025 | $2.5B | -27% |
| Q4 2024 | $3.3B | -22% |
STM's revenue is recovering but still below its 2023 peak: $3.8B last quarter, up 18% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +5.8 points |
| Q2 2026 | 6.3% | +7.2 points |
| Q1 2026 | 3.1% | +4.6 points |
| Q4 2025 | 6.2% | -4.9 points |
| Q3 2025 | 5.1% | -6.6 points |
| Q2 2025 | -0.9% | -13 points |
| Q1 2025 | -1.5% | -17 points |
| Q4 2024 | 11% | -13 points |
STM's operating margin was 11% last quarter, up 5.8 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 STM on cash flow, with more consistent year-over-year improvement.
STM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$121.5M | +$139.5M |
| Q1 2026 | $155.5M | +$182.5M |
| Q4 2025 | -$62.5K | -100% |
| Q3 2025 | $182.4M | +9019% |
| Q2 2025 | -$261M | -2275% |
| Q1 2025 | -$27M | +$108M |
| Q4 2024 | $65M | -83% |
| Q3 2024 | $2M | -100% |
STM's free cash flow has turned positive again: $216M over the past year, against −$221M 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.
STM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +3.7M shares |
| 1 year | +1.4% | +12.8M shares |
| 3 years | -1.3% | -12.1M shares |
| 5 years | +1% | +8.9M shares |
| Available history | +2.4% | +21.7M shares |
STM has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $184M |
| Q3 2025 | — |
| Q2 2025 | $92M |
| Q1 2025 | $92M |
| Q4 2024 | $92M |
| Q3 2024 | $92M |
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 STM on leverage, with a lower net debt burden relative to earnings.
STM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.2x | Very low |
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | -0.3x | Net Cash |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.4x | Very low |
| Q4 2024 | 0.2x | Very low |
STM's net debt is less than a year of its operating earnings (EBITDA).
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).
STM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.7 | Neutral |
| Stochastic | 22.3 | Neutral |
STM's weekly RSI is 46 (neutral) and its Stochastic is 22 (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 STM on valuation relative to its sector.
STM PE vs Technology Sector
| Metric | STM | Sector median | Relative |
|---|---|---|---|
| PE | 83x | 28x | 198% above |
| PE % | 90 | 35 | 55 pts above |
STM is trading at 83x earnings, a 198% premium to the Technology sector's median of 28x.
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 STM on trend strength, trading above more of its moving averages.
STM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $48.2 | 3.6% below |
| 20 week MA | $52.8 | 12% below |
| 50 week MA | $46.8 | 0.6% below |
| 100 week MA | $36.2 | 28% above |
| 200 week MA | $39.0 | 19% above |
STM has slipped below its 8-, 20- and 50-week averages, though it's still 19% 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 STM on returns for 2026, with the stronger performance.
STM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $27.1 | $36.9 | +36% |
| 2021 | $36.9 | $48.6 | +32% |
| 2022 | $48.6 | $35.9 | -26% |
| 2023 | $35.9 | $50.1 | +40% |
| 2024 | $50.1 | $25.5 | -49% |
| 2025 | $25.5 | $26.2 | +3% |
| 2026 YTD | $26.2 | $46.5 | +77% |
STM has finished higher in four of the last six years. It's up 77% so far in 2026.