MU
Micron Technology, Inc.
MU has the edge over VERX overall, supported by stronger valuation and stronger fundamentals.
VERX
Vertex, Inc.
VERX's outlook is improving, though it still trails on the overall score.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
VERX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Healthy | |
| Stable |
VERX's revenue and cash flow are currently healthy, and its balance sheet is stable, but its profitability is 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.
VERX PE Valuation
VERX 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.
VERX Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for VERX, 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 VERX on earnings quality, reporting a profit while its opponent remains loss making.
VERX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.99 | — |
| Q3 2026 | -$0.28 | +$0.06 |
| Q2 2026 | $0.03 | +$0.35 |
| Q1 2026 | -$0.04 | +$0.24 |
| Q4 2025 | $0.05 | +$0.38 |
| Q3 2025 | -$0.34 | -270% |
| Q2 2025 | -$0.32 | -346% |
| Q1 2025 | -$0.28 | -660% |
| Q4 2024 | -$0.33 | -$0.24 |
VERX is still losing money, but far less than before: $0.28 per share over the past year, against $0.57 at its worst in late 2020.
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 VERX 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 VERX on profitability, with a higher operating margin.
VERX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $213.3M | +11% |
| Q2 2026 | $204M | +11% |
| Q1 2026 | $196.6M | +11% |
| Q4 2025 | $194.7M | +9.1% |
| Q3 2025 | $192.1M | +13% |
| Q2 2025 | $184.6M | +15% |
| Q1 2025 | $177.1M | +13% |
| Q4 2024 | $178.5M | +15% |
VERX's revenue has grown year over year every quarter since late 2020: $213M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.1% | -2.1 points |
| Q2 2026 | -2.2% | -0.1 points |
| Q1 2026 | -1.5% | -4 points |
| Q4 2025 | 0.8% | +8.2 points |
| Q3 2025 | 2.3% | -0.6 points |
| Q2 2025 | -2.1% | -6.8 points |
| Q1 2025 | 2.5% | +3.5 points |
| Q4 2024 | -7.3% | -5.7 points |
VERX's operating margin was 0.1% last quarter, down 2.1 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 VERX on cash flow, with more consistent year-over-year improvement.
VERX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $53.2M | +76% |
| Q2 2026 | $10.6M | -46% |
| Q1 2026 | $7.7M | +$19.9M |
| Q4 2025 | $10.1M | -44% |
| Q3 2025 | $30.2M | +64% |
| Q2 2025 | $19.6M | -47% |
| Q1 2025 | -$12.3M | -372% |
| Q4 2024 | $17.9M | -38% |
VERX generated $82M in free cash flow over the past year, up 47% 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.
VERX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +876K shares |
| 1 year | +0.1% | +96.8K shares |
| 3 years | +6.7% | +10.2M shares |
| 5 years | +9.5% | +14.1M shares |
| Available history | +25% | +32.6M shares |
VERX has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $27.1M |
| Q2 2026 | $26.6M |
| Q1 2026 | $20M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
VERX spent $74M buying back its own shares over the past year, after none 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 the edge over VERX on leverage, with a lower net debt burden relative to earnings.
VERX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.3x | Moderate |
| Q1 2026 | 1.0x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 0.5x | Very low |
VERX's net debt is about 2.3 years of its operating earnings (EBITDA), up from less than a year 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).
VERX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.5 | Neutral |
| Stochastic | 89.0 | Overbought |
VERX's weekly RSI is 66 (neutral) and its Stochastic is 89 (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 VERX on valuation relative to its sector.
VERX PE vs Technology Sector
| Metric | VERX | Sector median | Relative |
|---|---|---|---|
| PE | 501x | 28x | 1,697% above |
| PE % | 74 | 37 | 37 pts above |
VERX 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 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.
VERX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.4 | 23% above |
| 20 week MA | $13.4 | 32% above |
| 50 week MA | $14.3 | 24% above |
| 100 week MA | $24.8 | 28% below |
| 200 week MA | $26.6 | 33% below |
VERX has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 33% 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 VERX on returns for 2026, with the stronger performance.
VERX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $23.6 | $34.1 | +45% |
| 2021 | $34.1 | $17.1 | -50% |
| 2022 | $17.1 | $14.8 | -13% |
| 2023 | $14.8 | $26.9 | +82% |
| 2024 | $26.9 | $52.7 | +96% |
| 2025 | $52.7 | $20.3 | -61% |
| 2026 YTD | $20.3 | $17.8 | -13% |
VERX has finished lower in three of the last six years. It's down 13% so far in 2026.