MU
Micron Technology, Inc.
MU has the edge over VTEX overall, supported by stronger modeled upside and stronger valuation.
VTEX
Vtex
VTEX'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.
VTEX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
VTEX's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
VTEX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 18x | $3.94 | — |
| Current | 23x | $3.94 | — |
| Cheap | 29x | $4.99 | +27% |
| Fair | 72x | $12.19 | +209% |
| Expensive | 137x | $23.24 | +490% |
Historical ranges are pointers, not guarantees.
VTEX 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 |
Analysts expect strong earnings and revenue growth for MU, with profitability improving.
VTEX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for VTEX, 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's earnings per share have climbed steadily: $74.33 over the past year, about 10 times what it earned the year before, and higher year over year for 10 quarters in a row.
VTEX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.22 | +31% |
| Q2 2026 | $0.17 | +143% |
| Q1 2026 | $0.13 | +63% |
| Q4 2025 | $0.11 | +83% |
| Q3 2025 | $0.09 | +80% |
| Q2 2025 | $0.07 | +250% |
| Q1 2025 | $0.08 | +$0.12 |
| Q4 2024 | $0.06 | +$0.13 |
| Q3 2024 | $0.05 | +$0.14 |
VTEX's earnings per share have climbed steadily: $0.17 over the past year, up 143% from the year before, and higher year over year for 15 quarters in a row.
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 VTEX 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 VTEX on profitability, with a higher operating margin.
VTEX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $64.4M | +9.5% |
| Q1 2026 | $60.7M | +12% |
| Q4 2025 | $68M | +10% |
| Q3 2025 | $59.6M | +6.5% |
| Q2 2025 | $58.8M | +4% |
| Q1 2025 | $54.2M | +2.9% |
| Q4 2024 | $61.5M | +1.3% |
| Q3 2024 | $56M | +11% |
VTEX's revenue has grown year over year every quarter since early 2021: $64M last quarter, up 9.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 15% | +10 points |
| Q1 2026 | 10% | +11 points |
| Q4 2025 | 17% | +4.9 points |
| Q3 2025 | 7% | +1.9 points |
| Q2 2025 | 5% | +3.5 points |
| Q1 2025 | -0.4% | +4.4 points |
| Q4 2024 | 12% | +2.2 points |
| Q3 2024 | 5.1% | +12 points |
VTEX's operating margin was 15% last quarter, up 10 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 VTEX on cash flow, with more consistent year-over-year improvement.
VTEX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $13.3M | +86% |
| Q1 2026 | $13.3M | +100% |
| Q4 2025 | $11.1M | -11% |
| Q3 2025 | $7.5M | -9.4% |
| Q2 2025 | $7.1M | +141% |
| Q1 2025 | $6.6M | +325% |
| Q4 2024 | $12.4M | +31% |
| Q3 2024 | $8.3M | +210% |
VTEX generated $45M in free cash flow over the past year, up 31% 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.
VTEX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -8.9% | -16.6M shares |
| 3 years | -8.7% | -16.2M shares |
| 5 years | -8.8% | -16.4M shares |
| Available history | -8.8% | -16.4M shares |
VTEX has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $23.8M |
| Q1 2026 | $9.7M |
| Q4 2025 | $21.3M |
| Q3 2025 | $18.9M |
| Q2 2025 | $3.9M |
| Q1 2025 | $15.1M |
| Q4 2024 | $11.2M |
| Q3 2024 | — |
VTEX spent $74M buying back its own shares over the past year, up 145% 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 VTEX on leverage, with a lower net debt burden relative to earnings.
VTEX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.2x | Net Cash |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | -0.5x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.9x | Net Cash |
| Q1 2025 | -0.8x | Net Cash |
| Q4 2024 | -0.5x | Net Cash |
| Q3 2024 | -0.7x | Net Cash |
VTEX 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).
VTEX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.7 | Neutral |
| Stochastic | 47.1 | Neutral |
VTEX's weekly RSI is 52 (neutral) and its Stochastic is 47 (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 VTEX on valuation relative to its sector.
VTEX PE vs Technology Sector
| Metric | VTEX | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 28x | 17% below |
| PE % | 0 | 44 | 44 pts below |
VTEX is trading at 23x earnings, a 17% 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.
VTEX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.94 | 0% above |
| 20 week MA | $3.91 | 0.8% above |
| 50 week MA | $3.76 | 4.8% above |
| 100 week MA | $4.52 | 13% below |
| 200 week MA | $5.30 | 26% below |
VTEX's trend is mixed: it's above two of its five weekly moving averages, and 26% 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 VTEX on returns for 2026, with the stronger performance.
VTEX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $25.4 | $11.7 | -54% |
| 2022 | $11.7 | $3.42 | -71% |
| 2023 | $3.42 | $6.88 | +101% |
| 2024 | $6.88 | $5.75 | -16% |
| 2025 | $5.75 | $3.71 | -35% |
| 2026 YTD | $3.71 | $3.94 | +6.2% |
VTEX's yearly returns have swung widely, from +101% in 2023 to −71% in 2022. It's up 6.2% so far in 2026.