MU
Micron Technology, Inc.
MU has the edge over TTD overall, supported by stronger modeled upside and stronger fundamentals.
TTD
The Trade Desk, Inc.
TTD offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
TTD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
TTD's profitability, cash flow and balance sheet are currently healthy, and its revenue 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'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.
TTD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 22x | $15.47 | — |
| Forward | 43x | $15.47 | — |
| Cheap | 59x | $40.54 | +162% |
| Fair | 171x | $118 | +661% |
| Expensive | 276x | $190 | +1130% |
Historical ranges are pointers, not guarantees.
TTD 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 |
MU has the edge over TTD on the outlook, with more favorable valuation and earnings expectations.
TTD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Decline | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect TTD's earnings and revenue to decline, with profitability weakening. 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 TTD on earnings, with more consistent year-over-year improvement.
TTD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.36 | -47% |
| Q3 2026 | $0.69 | -21% |
| Q2 2026 | $0.84 | +1.2% |
| Q1 2026 | $0.88 | +7.3% |
| Q4 2025 | $0.90 | +15% |
| Q3 2025 | $0.87 | +43% |
| Q2 2025 | $0.83 | +66% |
| Q1 2025 | $0.82 | +105% |
| Q4 2024 | $0.78 | +117% |
TTD earned $0.69 per share over the past year, down 21% 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 TTD 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 TTD on profitability, with a higher operating margin.
TTD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $736M | -0.5% |
| Q2 2026 | $715.1M | +3% |
| Q1 2026 | $688.9M | +12% |
| Q4 2025 | $846.8M | +14% |
| Q3 2025 | $739.4M | +18% |
| Q2 2025 | $694M | +19% |
| Q1 2025 | $616M | +25% |
| Q4 2024 | $741M | +22% |
TTD's revenue is growing: $736M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | -9.2 points |
| Q2 2026 | 14% | -2.6 points |
| Q1 2026 | 9.7% | +0.8 points |
| Q4 2025 | 30% | +4 points |
| Q3 2025 | 22% | +4.5 points |
| Q2 2025 | 17% | +0.6 points |
| Q1 2025 | 8.8% | +3 points |
| Q4 2024 | 26% | +2.5 points |
TTD's operating margin was 13% last quarter, down 9.2 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 TTD on cash flow, with more consistent year-over-year improvement.
TTD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $157.5M | -0.5% |
| Q2 2026 | $140.4M | +17% |
| Q1 2026 | $279.1M | +20% |
| Q4 2025 | $285.3M | +59% |
| Q3 2025 | $158.4M | -30% |
| Q2 2025 | $119.8M | +103% |
| Q1 2025 | $232.3M | +30% |
| Q4 2024 | $179.2M | +172% |
TTD generated $862M in free cash flow over the past year, up 25% 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.
TTD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +249K shares |
| 1 year | -4.6% | -22.8M shares |
| 3 years | -6.3% | -31.7M shares |
| 5 years | -5.8% | -28.7M shares |
| Available history | -1.6% | -7.9M shares |
TTD has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $77.8M |
| Q1 2026 | $163.5M |
| Q4 2025 | $422.9M |
| Q3 2025 | $310.4M |
| Q2 2025 | $260.8M |
| Q1 2025 | $386.3M |
| Q4 2024 | $57.4M |
TTD spent $664M buying back its own shares over the past year, down 35% from 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.
TTD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.9x | Net Cash |
| Q2 2026 | -1.6x | Net Cash |
| Q1 2026 | -1.2x | Net Cash |
| Q4 2025 | -0.9x | Net Cash |
| Q3 2025 | -1.0x | Net Cash |
| Q2 2025 | -1.6x | Net Cash |
| Q1 2025 | -2.1x | Net Cash |
| Q4 2024 | -2.7x | Net Cash |
TTD has the edge over MU on leverage, with a lower net debt burden relative to earnings.
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).
TTD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.8 | Neutral |
| Stochastic | 35.1 | Neutral |
TTD's weekly RSI is 45 (neutral) and its Stochastic is 35 (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 TTD on valuation relative to its sector.
TTD PE vs Technology Sector
| Metric | TTD | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 28x | 20% below |
| PE % | 7 | 35 | 28 pts below |
TTD is trading at 22x earnings, a 20% discount 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 TTD on trend strength, trading above more of its moving averages.
TTD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.8 | 21% above |
| 20 week MA | $14.6 | 5.8% above |
| 50 week MA | $22.1 | 30% below |
| 100 week MA | $45.8 | 66% below |
| 200 week MA | $64.5 | 76% below |
TTD has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 76% 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 TTD on returns for 2026, with the stronger performance.
TTD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $27.2 | $93.2 | +242% |
| 2021 | $93.2 | $96.1 | +3.1% |
| 2022 | $96.1 | $44.9 | -53% |
| 2023 | $44.9 | $72.0 | +60% |
| 2024 | $72.0 | $121.4 | +69% |
| 2025 | $121.4 | $38.3 | -68% |
| 2026 YTD | $38.3 | $15.5 | -60% |
TTD's yearly returns have swung widely, from +242% in 2020 to −68% in 2025. It's down 60% so far in 2026.