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.
VHC
VirnetX Holding Corp
There isn't enough reported data to score VHC yet.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
VHC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Unavailable | |
| Strong |
VHC's revenue and balance sheet are currently strong, but its profitability is under pressure. There isn't enough data to rate its cash flow.
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.
VHC PE Valuation
VHC 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.
VHC Forward outlook
There aren't enough analyst estimates for VHC 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 VHC on earnings quality, reporting a profit while its opponent remains loss making.
VHC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$5.36 | -$0.57 |
| Q1 2026 | -$5.15 | -$0.28 |
| Q4 2025 | -$5.00 | +$0.05 |
| Q3 2023 | -$12.56 | -$6.56 |
| Q2 2023 | -$12.40 | -$6.60 |
| Q1 2023 | -$10.40 | -$4.80 |
| Q4 2022 | -$10.20 | +$1.80 |
| Q3 2022 | -$6.00 | +$5.60 |
VHC is still losing money, but far less than before: $5.36 per share over the past year, against $13.00 at its worst in early 2021.
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 VHC 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's operating margin was 81% last quarter, up 48 points from the same quarter a year ago, near the top of its range since 2019.
VHC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2025 | $58K | +2800% |
| Q2 2025 | $48K | +4700% |
| Q3 2024 | $2K | -33% |
| Q2 2024 | $1K | -50% |
| Q1 2024 | $2K | 0% |
| Q3 2023 | $3K | -25% |
| Q2 2023 | $2K | -94% |
| Q1 2023 | $2K | -60% |
VHC's revenue is growing: $0 last quarter, down 100% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | -12152% | N/A |
| Q3 2025 | -8007% | +211343 points |
| Q2 2025 | -8217% | +433283 points |
| Q3 2024 | -219350% | -31517 points |
| Q2 2024 | -441500% | +164450 points |
| Q1 2024 | -246300% | +49400 points |
| Q3 2023 | -187833% | -53958 points |
| Q2 2023 | -605950% | -593400 points |
VHC's operating margin was −12152% last quarter, up 429348 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 generated $59B in free cash flow over the past year, more than ten times what it generated the year before.
VHC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q1 2026 | -$4.3M | -$403K |
| Q4 2025 | -$5.8M | -$287K |
| Q3 2025 | -$3M | +$200K |
| Q1 2025 | -$3.9M | -$378K |
| Q4 2024 | -$5.5M | +$1.5M |
| Q3 2024 | -$3.2M | +$70K |
| Q1 2024 | -$3.5M | -$805K |
| Q2 2023 | -$11.8M | -$8.4M |
VHC has burned cash in almost every quarter: −$17M over the past year, against −$19M 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 the edge over VHC 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.
VHC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +16K shares |
| 1 year | +3.9% | +143K shares |
| 3 years | +5.6% | +199K shares |
| 5 years | +6.1% | +217K shares |
| Available history | +9.4% | +323K shares |
VHC has 4M diluted shares, up 3.9% 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 more cash than debt.
VHC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2020 | -1.2x | Net Cash |
| Q3 2020 | -1.4x | Net Cash |
| Q2 2020 | -1.7x | Net Cash |
| Q1 2020 | -2.6x | Net Cash |
VHC has more cash than debt.
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).
VHC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.4 | Neutral |
| Stochastic | 14.7 | Oversold |
VHC's weekly RSI is 39 (neutral) and its Stochastic is 15 (oversold).
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.
VHC PE vs Technology Sector
| Metric | VHC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
VHC 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 VHC on trend strength, trading above more of its moving averages.
VHC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.2 | 5.6% below |
| 20 week MA | $11.6 | 17% below |
| 50 week MA | $14.5 | 33% below |
| 100 week MA | $13.6 | 29% below |
| 200 week MA | $12.6 | 23% below |
VHC is in a downtrend: it's below all five of its weekly moving averages, and 23% 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 VHC on returns for 2026, with the stronger performance.
VHC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $76.8 | $105.0 | +37% |
| 2021 | $105.0 | $57.6 | -45% |
| 2022 | $57.6 | $24.0 | -58% |
| 2023 | $24.0 | $7.00 | -71% |
| 2024 | $7.00 | $5.25 | -25% |
| 2025 | $5.25 | $18.0 | +243% |
| 2026 YTD | $18.0 | $9.65 | -46% |
VHC's yearly returns have swung widely, from +243% in 2025 to −71% in 2023. It's down 46% so far in 2026.