MU
Micron Technology, Inc.
MU has the edge over TDY overall, supported by stronger valuation and stronger modeled upside.
TDY
Teledyne Technologies Incorporated
TDY has lower modeled downside risk, despite its lower overall score.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
TDY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
TDY'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.
TDY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 24x | $648 | — |
| Cheap | 25x | $538 | -17% |
| Fair | 30x | $648 | +0.1% |
| Current | 30x | $648 | — |
| Expensive | 38x | $832 | +29% |
Historical ranges are pointers, not guarantees.
TDY 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.
TDY Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for TDY, 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 TDY on earnings, with more consistent year-over-year improvement.
TDY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $27.03 | +24% |
| Q3 2026 | $21.85 | +27% |
| Q2 2026 | $20.68 | +14% |
| Q1 2026 | $19.74 | +13% |
| Q4 2025 | $18.88 | +9.7% |
| Q3 2025 | $17.25 | -13% |
| Q2 2025 | $18.14 | -1.3% |
| Q1 2025 | $17.48 | -5.4% |
| Q4 2024 | $17.21 | -6.9% |
TDY earned $21.85 per share over the past year, up 27% from 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 TDY 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 TDY on profitability, with a higher operating margin.
TDY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7B | +9.4% |
| Q2 2026 | $1.7B | +9.8% |
| Q1 2026 | $1.6B | +7.6% |
| Q4 2025 | $1.6B | +7.3% |
| Q3 2025 | $1.5B | +6.7% |
| Q2 2025 | $1.5B | +10% |
| Q1 2025 | $1.4B | +7.4% |
| Q4 2024 | $1.5B | +5.4% |
TDY's revenue has grown year over year for nine quarters in a row: $1.7B last quarter, up 9.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +2.2 points |
| Q2 2026 | 20% | +1.7 points |
| Q1 2026 | 19% | +1 points |
| Q4 2025 | 20% | +4.7 points |
| Q3 2025 | 18% | -0.4 points |
| Q2 2025 | 18% | +0.4 points |
| Q1 2025 | 18% | +0.5 points |
| Q4 2024 | 16% | -3.3 points |
TDY's operating margin was 21% last quarter, up 2.2 points from the same quarter a year ago, near the top 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 TDY on cash flow, with more consistent year-over-year improvement.
TDY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $319.5M | +1.8% |
| Q2 2026 | $284.7M | +45% |
| Q1 2026 | $204.3M | -9% |
| Q4 2025 | $339.2M | +12% |
| Q3 2025 | $313.9M | +37% |
| Q2 2025 | $196.3M | -35% |
| Q1 2025 | $224.6M | -18% |
| Q4 2024 | $303.4M | +144% |
TDY generated $1.1B in free cash flow over the past year, up 11% from 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.
TDY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -1.3% | -600K shares |
| 3 years | -2.1% | -1M shares |
| 5 years | -1.7% | -800K shares |
| Available history | +25% | +9.4M shares |
TDY has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $94.8M |
| Q4 2025 | $400M |
| Q3 2025 | — |
| Q4 2024 | $21.4M |
| Q3 2024 | $138.8M |
| Q2 2024 | $193.8M |
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 TDY on leverage, with a lower net debt burden relative to earnings.
TDY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.9x | Very low |
| Q2 2026 | 1.1x | Healthy |
| Q1 2026 | 1.3x | Healthy |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 1.5x | Healthy |
| Q2 2025 | 1.7x | Healthy |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 1.5x | Healthy |
TDY's net debt is less than a year of its operating earnings (EBITDA), down from 1.4 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).
TDY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.0 | Neutral |
| Stochastic | 48.1 | Neutral |
TDY's weekly RSI is 55 (neutral) and its Stochastic is 48 (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 TDY on valuation relative to its sector.
TDY PE vs Technology Sector
| Metric | TDY | Sector median | Relative |
|---|---|---|---|
| PE | 30x | 28x | 6.4% above |
| PE % | 49 | 35 | 14 pts above |
TDY is trading at 30x earnings, in line with 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.
TDY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $626.7 | 3.3% above |
| 20 week MA | $634.7 | 2% above |
| 50 week MA | $618.8 | 4.7% above |
| 100 week MA | $564.5 | 15% above |
| 200 week MA | $491.4 | 32% above |
TDY 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 TDY on returns for 2026, with the stronger performance.
TDY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $347.8 | $383.5 | +10% |
| 2021 | $383.5 | $428.7 | +12% |
| 2022 | $428.7 | $393.8 | -8.2% |
| 2023 | $393.8 | $446.3 | +13% |
| 2024 | $446.3 | $471.4 | +5.6% |
| 2025 | $471.4 | $517.4 | +9.7% |
| 2026 YTD | $517.4 | $647.6 | +25% |
TDY has finished higher in five of the last six years. It's up 25% so far in 2026.