MU
Micron Technology, Inc.
MU's fundamentals are strong and it looks cheap: trading at 11x earnings, about half its usual 22x. Analysts expect strong earnings growth.
TCX
Tucows Inc.
There isn't enough reported data to score TCX yet.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
TCX Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Weak |
TCX's revenue and profitability are currently stable, but its cash flow and balance sheet 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.
TCX PE Valuation
TCX 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.
TCX Forward outlook
There aren't enough analyst estimates for TCX 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 TCX on earnings quality, reporting a profit while its opponent remains loss making.
TCX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$6.38 | +$2.35 |
| Q2 2026 | -$7.54 | +$1.14 |
| Q1 2026 | -$7.11 | +$1.86 |
| Q4 2025 | -$6.85 | +$3.17 |
| Q3 2025 | -$8.73 | -$0.45 |
| Q2 2025 | -$8.68 | -$0.34 |
| Q1 2025 | -$8.97 | +$0.53 |
| Q4 2024 | -$10.02 | -$1.17 |
TCX is still losing money, but less than at its worst: $6.38 per share over the past year, against $10.02 at its worst in late 2024.
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 TCX on sales, with stronger typical year-over-year growth.
| 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 TCX on profitability, with a higher operating margin.
TCX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $100M | +1.4% |
| Q2 2026 | $100.6M | +2.1% |
| Q1 2026 | $96.7M | +2.2% |
| Q4 2025 | $98.7M | +6% |
| Q3 2025 | $98.6M | +6.8% |
| Q2 2025 | $98.5M | +10% |
| Q1 2025 | $94.6M | +8.2% |
| Q4 2024 | $93.1M | +7.1% |
TCX's revenue has grown year over year for 14 quarters in a row: $100M last quarter, up 1.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.3% | +10 points |
| Q2 2026 | -5.4% | -2.5 points |
| Q1 2026 | -4.5% | -2.3 points |
| Q4 2025 | -9.1% | +23 points |
| Q3 2025 | -9.7% | +1.2 points |
| Q2 2025 | -2.9% | +6.7 points |
| Q1 2025 | -2.1% | +17 points |
| Q4 2024 | -32% | -14 points |
TCX's operating margin was 0.3% last quarter, up 10 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 TCX on cash generation, producing positive trailing cash flow while its opponent burns cash.
TCX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$9.7M | -$7.4M |
| Q2 2026 | -$3.1M | -201% |
| Q1 2026 | -$2M | +$14.7M |
| Q4 2025 | -$7M | +$9.5M |
| Q3 2025 | -$2.3M | +$16.8M |
| Q2 2025 | $3.1M | +$23.8M |
| Q1 2025 | -$16.7M | +$3.3M |
| Q4 2024 | -$16.5M | -$10.9M |
TCX has burned cash in most quarters: −$22M over the past year, against −$32M 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.
TCX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +33.4K shares |
| 1 year | +0.9% | +103K shares |
| 3 years | +2.8% | +308K shares |
| 5 years | +3.4% | +363K shares |
| Available history | +3.8% | +409K shares |
TCX has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | $164,000 |
| Q1 2020 | $3.1M |
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.
TCX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2021 | 102.8x | High |
| Q4 2020 | 15.4x | High |
| Q3 2020 | 5.7x | High |
| Q2 2020 | 4.1x | High |
| Q1 2020 | 3.4x | Elevated |
| Q4 2019 | 3.2x | Elevated |
TCX's net debt is more than 20 years of its operating earnings (EBITDA), up from 3.4 years 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).
TCX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.9 | Neutral |
| Stochastic | 48.9 | Neutral |
TCX's weekly RSI is 50 (neutral) and its Stochastic is 49 (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.
TCX PE vs Technology Sector
| Metric | TCX | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
TCX 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 TCX on trend strength, trading above more of its moving averages.
TCX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.8 | 14% above |
| 20 week MA | $11.2 | 10% above |
| 50 week MA | $15.4 | 20% below |
| 100 week MA | $16.9 | 27% below |
| 200 week MA | $19.7 | 37% below |
TCX has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 37% 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 TCX on returns for 2026, with the stronger performance.
TCX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $61.9 | $72.9 | +18% |
| 2021 | $72.9 | $84.0 | +15% |
| 2022 | $84.0 | $32.3 | -62% |
| 2023 | $32.3 | $27.0 | -16% |
| 2024 | $27.0 | $16.3 | -40% |
| 2025 | $16.3 | $22.4 | +37% |
| 2026 YTD | $22.4 | $12.3 | -45% |
TCX has finished lower in three of the last six years. It's down 45% so far in 2026.