MU
Micron Technology, Inc.
MU has the edge over VNT overall, supported by stronger valuation and stronger modeled upside.
VNT
Vontier Corporation
VNT'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.
VNT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
VNT's profitability and cash flow are currently healthy, and its revenue and balance sheet are 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 has the edge over VNT in the historical PE scenario, which offers more potential upside but is not a forecast.
VNT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $24.70 | -43% |
| Forward | 11x | $43.18 | — |
| Fair | 13x | $32.92 | -24% |
| Expensive | 16x | $38.45 | -11% |
| Current | 18x | $43.18 | — |
Historical ranges are pointers, not guarantees.
VNT's PE is in its expensive range at 18x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its cheap range.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
MU has the edge over VNT on the outlook, with more favorable revenue expectations.
VNT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect VNT's earnings to grow and its profitability to improve, with its revenue 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 VNT on earnings, with more consistent year-over-year improvement.
VNT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.84 | +57% |
| Q3 2026 | $2.44 | -11% |
| Q2 2026 | $2.41 | -8.4% |
| Q1 2026 | $2.83 | +15% |
| Q4 2025 | $2.76 | +0.4% |
| Q3 2025 | $2.73 | +4.2% |
| Q2 2025 | $2.63 | +1.2% |
| Q1 2025 | $2.46 | -11% |
| Q4 2024 | $2.75 | +14% |
VNT's earnings per share have fallen from their peak: $2.44 over the past year, against $3.39 in early 2022.
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 VNT 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 VNT on profitability, with a higher operating margin.
VNT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $736.9M | -2.1% |
| Q2 2026 | $756.7M | -2.2% |
| Q1 2026 | $750.6M | +1.3% |
| Q4 2025 | $808.5M | +4.1% |
| Q3 2025 | $752.5M | +0.3% |
| Q2 2025 | $773.5M | +11% |
| Q1 2025 | $741.1M | -1.9% |
| Q4 2024 | $776.8M | -1.5% |
VNT's revenue fell from its 2022 peak and has held roughly level since: $737M last quarter, down 2.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | +2.6 points |
| Q2 2026 | 19% | +1.8 points |
| Q1 2026 | 18% | +0.4 points |
| Q4 2025 | 19% | -0.3 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 18% | +1.3 points |
| Q1 2025 | 18% | -1.3 points |
| Q4 2024 | 19% | +0.7 points |
VNT's operating margin was 22% last quarter, up 2.6 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 VNT on cash flow, with more consistent year-over-year improvement.
VNT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $122M | +35% |
| Q2 2026 | $94.9M | +14% |
| Q1 2026 | $24.8M | -73% |
| Q4 2025 | $174.8M | +18% |
| Q3 2025 | $90.3M | -13% |
| Q2 2025 | $83.3M | +274% |
| Q1 2025 | $92.7M | +30% |
| Q4 2024 | $148M | -0.2% |
VNT still generates free cash flow, though less than at its 2019 peak: $417M 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 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.
VNT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.1% | -4.4M shares |
| 1 year | -8.1% | -12M shares |
| 3 years | -13% | -20.4M shares |
| 5 years | -20% | -34.9M shares |
| Available history | -20% | -34.3M shares |
VNT has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $80M |
| Q2 2026 | $130M |
| Q1 2026 | $70M |
| Q4 2025 | $125.1M |
| Q3 2025 | $70M |
| Q2 2025 | $50.1M |
| Q1 2025 | $55M |
| Q4 2024 | $60.1M |
VNT spent $405M buying back its own shares over the past year, up 72% 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 the edge over VNT on leverage, with a lower net debt burden relative to earnings.
VNT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.6x | Moderate |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 2.7x | Moderate |
| Q4 2025 | 2.6x | Moderate |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 2.9x | Moderate |
| Q1 2025 | 3.1x | Elevated |
| Q4 2024 | 3.1x | Elevated |
VNT's net debt is about 2.6 years of its operating earnings (EBITDA), about the same as 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).
VNT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 75.3 | Overbought |
| Stochastic | 91.1 | Overbought |
VNT's weekly RSI is 75 (overbought) and its Stochastic is 91 (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 VNT on valuation relative to its sector.
VNT PE vs Technology Sector
| Metric | VNT | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 28x | 36% below |
| PE % | 94 | 38 | 56 pts above |
VNT is trading at 18x earnings, a 36% 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 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.
VNT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $35.5 | 22% above |
| 20 week MA | $33.3 | 30% above |
| 50 week MA | $34.6 | 25% above |
| 100 week MA | $36.0 | 20% above |
| 200 week MA | $34.9 | 24% above |
VNT 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 VNT on returns for 2026, with the stronger performance.
VNT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $34.0 | $34.0 | -0.1% |
| 2021 | $34.0 | $30.4 | -11% |
| 2022 | $30.4 | $18.9 | -38% |
| 2023 | $18.9 | $34.6 | +83% |
| 2024 | $34.6 | $36.6 | +6% |
| 2025 | $36.6 | $38.1 | +4.1% |
| 2026 YTD | $38.1 | $43.2 | +13% |
VNT has finished lower in three of the last six years. It's up 13% so far in 2026.