MU
Micron Technology, Inc.
MU has the edge over SWKS overall, supported by stronger valuation and stronger modeled upside.
SWKS
Skyworks Solutions, Inc.
SWKS 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.
SWKS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Strong |
SWKS's balance sheet is currently strong, and its revenue, profitability and cash flow are 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 SWKS in the historical PE scenario, which offers more potential upside but is not a forecast.
SWKS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $17.25 | -81% |
| Forward | 16x | $90.03 | — |
| Fair | 21x | $23.51 | -74% |
| Expensive | 30x | $33.78 | -62% |
| Current | 79x | $90.03 | — |
Historical ranges are pointers, not guarantees.
SWKS's PE is in its expensive range at 79x. If earnings grow as analysts expect, today's price would be 16x next year's earnings, in its cheap range.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
MU has the edge over SWKS on the outlook, with more favorable profitability expectations.
SWKS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly weakening | |
| Moderate | |
| Low |
Analysts expect strong earnings and revenue growth for SWKS, but weaker profitability. However, they disagree widely on these estimates.
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 SWKS on earnings, with more consistent year-over-year improvement.
SWKS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.73 | +402% |
| Q3 2026 | $1.14 | -63% |
| Q2 2026 | $1.94 | -22% |
| Q1 2026 | $2.42 | -4.7% |
| Q4 2025 | $2.61 | -20% |
| Q3 2025 | $3.08 | -17% |
| Q2 2025 | $2.49 | -49% |
| Q1 2025 | $2.54 | -52% |
| Q4 2024 | $3.25 | -42% |
SWKS's earnings per share have fallen from their peak: $1.14 over the past year, against $8.97 in late 2021.
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 SWKS 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 SWKS on profitability, with a higher operating margin.
SWKS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | -5% |
| Q2 2026 | $934.8M | -3.1% |
| Q1 2026 | $943.7M | -1% |
| Q4 2025 | $1B | -3.1% |
| Q3 2025 | $1.1B | +7.3% |
| Q2 2025 | $965M | +6.6% |
| Q1 2025 | $953.2M | -8.9% |
| Q4 2024 | $1.1B | -11% |
SWKS's revenue fell from its 2021 peak and has held roughly level since: $1B last quarter, down 5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.1% | -8 points |
| Q2 2026 | 5.2% | -6.3 points |
| Q1 2026 | 4.5% | -5.8 points |
| Q4 2025 | 10% | -6.9 points |
| Q3 2025 | 10% | +4.3 points |
| Q2 2025 | 11% | -2.9 points |
| Q1 2025 | 10% | -7.9 points |
| Q4 2024 | 17% | -4.6 points |
SWKS's operating margin was 2.1% last quarter, down 8 points from the same quarter a year ago, near the bottom of its range since 2019.
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 SWKS on cash flow, with more consistent year-over-year improvement.
SWKS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$60.9M | -142% |
| Q2 2026 | -$16.7M | -107% |
| Q1 2026 | -$32.1M | -109% |
| Q4 2025 | $339M | +0.2% |
| Q3 2025 | $144M | -63% |
| Q2 2025 | $252.7M | +1.5% |
| Q1 2025 | $370.9M | +36% |
| Q4 2024 | $338.2M | -55% |
SWKS usually generates cash, though not every quarter: the latest was −$61M, but it generated $229M 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.
SWKS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +800K shares |
| 1 year | +0.7% | +1.1M shares |
| 3 years | -5.4% | -8.6M shares |
| 5 years | -9.3% | -15.6M shares |
| Available history | -12% | -20.2M shares |
SWKS has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $107M |
| Q2 2026 | — |
| Q3 2025 | — |
| Q2 2025 | $330.2M |
| Q3 2024 | — |
| Q2 2024 | $77.3M |
| Q1 2024 | — |
| Q4 2023 | — |
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 SWKS on leverage, with a lower net debt burden relative to earnings.
SWKS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -1.1x | Net Cash |
| Q4 2025 | -1.2x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.8x | Net Cash |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | -0.6x | Net Cash |
SWKS has more cash than debt.
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).
SWKS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.2 | Neutral |
| Stochastic | 80.8 | Overbought |
SWKS's weekly RSI is 62 (neutral) and its Stochastic is 81 (overbought).
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 SWKS on valuation relative to its sector.
SWKS PE vs Technology Sector
| Metric | SWKS | Sector median | Relative |
|---|---|---|---|
| PE | 79x | 28x | 183% above |
| PE % | 100 | 35 | 65 pts above |
SWKS is trading at 79x earnings, a 183% 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 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.
SWKS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $84.2 | 6.9% above |
| 20 week MA | $75.1 | 20% above |
| 50 week MA | $68.3 | 32% above |
| 100 week MA | $70.6 | 28% above |
| 200 week MA | $86.8 | 3.7% above |
SWKS 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 SWKS on returns for 2026, with the stronger performance.
SWKS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $122.3 | $151.2 | +24% |
| 2021 | $151.2 | $153.4 | +1.5% |
| 2022 | $153.4 | $88.9 | -42% |
| 2023 | $88.9 | $112.4 | +27% |
| 2024 | $112.4 | $90.2 | -20% |
| 2025 | $90.2 | $64.2 | -29% |
| 2026 YTD | $64.2 | $90.0 | +40% |
SWKS is up 40% so far in 2026, after finishing lower in three of the previous six years.