MU
Micron Technology, Inc.
MU has the edge over UPLD overall, supported by stronger fundamentals and stronger valuation.
UPLD
Upland Software, Inc.
UPLD 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.
UPLD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Stable | |
| Weak |
UPLD's revenue and cash flow are currently stable, but its profitability 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.
UPLD PE Valuation
UPLD 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 |
MU has the edge over UPLD on the outlook, with more favorable earnings and revenue expectations.
UPLD Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Decline | |
| Stable | |
| Limited | |
| High |
Analysts expect UPLD's earnings and revenue to decline, though with profitability holding steady.
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 UPLD on earnings quality, reporting a profit while its opponent remains loss making.
UPLD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.72 | — |
| Q3 2026 | -$14.00 | +$4.70 |
| Q2 2026 | -$14.23 | +$4.77 |
| Q1 2026 | -$6.80 | +$11.80 |
| Q4 2025 | -$15.60 | +$27.00 |
| Q3 2025 | -$18.70 | +$26.60 |
| Q2 2025 | -$19.00 | +$28.20 |
| Q1 2025 | -$18.60 | +$29.00 |
| Q4 2024 | -$42.60 | +$15.10 |
UPLD is still losing money, but far less than before: $14.00 per share over the past year, against $59.60 at its worst in late 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 UPLD 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 UPLD on profitability, with a higher operating margin.
UPLD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $47.5M | -5.9% |
| Q2 2026 | $49.1M | -7.9% |
| Q1 2026 | $48.7M | -24% |
| Q4 2025 | $49.3M | -28% |
| Q3 2025 | $50.5M | -24% |
| Q2 2025 | $53.4M | -23% |
| Q1 2025 | $63.7M | -10% |
| Q4 2024 | $68M | -5.8% |
UPLD's revenue has slid since its 2022 peak: $48M last quarter, down 5.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +0.6 points |
| Q2 2026 | -60% | -47 points |
| Q1 2026 | 10% | +12 points |
| Q4 2025 | 15% | +17 points |
| Q3 2025 | 11% | +16 points |
| Q2 2025 | -13% | -5.4 points |
| Q1 2025 | -1.6% | +128 points |
| Q4 2024 | -2.9% | +10 points |
UPLD's operating margin was 11% last quarter, up 0.6 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 UPLD on cash flow, with more consistent year-over-year improvement.
UPLD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.7M | -60% |
| Q2 2026 | $5.3M | +99% |
| Q1 2026 | $5.5M | -30% |
| Q4 2025 | $7.2M | -20% |
| Q3 2025 | $6.7M | +59% |
| Q2 2025 | $2.7M | -49% |
| Q1 2025 | $7.9M | +60% |
| Q4 2024 | $9M | +4.9% |
UPLD still generates free cash flow, though less than at its 2020 peak: $21M 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 the edge over UPLD on shareholder dilution, with a more favorable share count trend.
| 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.
UPLD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +14.3K shares |
| 1 year | +2.6% | +75.3K shares |
| 3 years | -9.3% | -304K shares |
| 5 years | -2.9% | -89K shares |
| Available history | +28% | +644K shares |
UPLD has 3M diluted shares, up 2.6% from a year ago.
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 UPLD on leverage, with a lower net debt burden relative to earnings.
UPLD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 15.5x | High |
| Q2 2026 | 14.6x | High |
| Q1 2026 | 5.3x | High |
| Q4 2025 | 6.0x | High |
| Q3 2025 | 6.7x | High |
| Q2 2025 | 7.6x | High |
| Q1 2025 | 6.5x | High |
| Q4 2022 | 27.3x | High |
UPLD's net debt is about 15 years of its operating earnings (EBITDA), up from 6.7 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).
UPLD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.2 | Neutral |
| Stochastic | 24.9 | Neutral |
UPLD's weekly RSI is 36 (neutral) and its Stochastic is 25 (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.
UPLD PE vs Technology Sector
UPLD 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 UPLD on trend strength, trading above more of its moving averages.
UPLD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.62 | 16% below |
| 20 week MA | $4.17 | 27% below |
| 50 week MA | $7.45 | 59% below |
| 100 week MA | $17.2 | 82% below |
| 200 week MA | $26.8 | 89% below |
UPLD is in a downtrend: it's below all five of its weekly moving averages, and 89% 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 UPLD on returns for 2026, with the stronger performance.
UPLD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $362.7 | $466.3 | +29% |
| 2021 | $466.3 | $187.6 | -60% |
| 2022 | $187.6 | $69.8 | -63% |
| 2023 | $69.8 | $42.3 | -39% |
| 2024 | $42.3 | $45.6 | +7.8% |
| 2025 | $45.6 | $15.3 | -66% |
| 2026 YTD | $15.3 | $3.03 | -80% |
UPLD has finished lower in four of the last six years. It's down 80% so far in 2026.