MU
Micron Technology, Inc.
MU has the edge over WDAY overall, supported by stronger modeled upside and stronger valuation.
WDAY
Workday, Inc.
WDAY'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.
WDAY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
WDAY'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.
WDAY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 15x | $191 | — |
| Current | 39x | $191 | — |
| Cheap | 41x | $205 | +7.3% |
| Fair | 61x | $302 | +58% |
| Expensive | 1,213x | $5,991 | +3043% |
Historical ranges are pointers, not guarantees.
WDAY 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.
WDAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Broad | |
| Moderate |
Analysts expect earnings and revenue growth for WDAY, 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 WDAY on earnings, with more consistent year-over-year improvement.
WDAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.61 | +155% |
| Q3 2026 | $4.94 | +130% |
| Q2 2026 | $3.21 | +78% |
| Q1 2026 | $2.59 | +33% |
| Q4 2025 | $2.37 | -61% |
| Q3 2025 | $2.15 | -63% |
| Q2 2025 | $1.80 | -68% |
| Q1 2025 | $1.95 | -63% |
| Q4 2024 | $6.09 | +2438% |
WDAY earned $4.94 per share over the past year, up 130% from the year before.
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 WDAY 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 WDAY on profitability, with a higher operating margin.
WDAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +13% |
| Q2 2026 | $2.5B | +13% |
| Q1 2026 | $2.5B | +15% |
| Q4 2025 | $2.4B | +13% |
| Q3 2025 | $2.3B | +13% |
| Q2 2025 | $2.2B | +13% |
| Q1 2025 | $2.2B | +15% |
| Q4 2024 | $2.2B | +16% |
WDAY's revenue has grown year over year every quarter since late 2020: $2.6B last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +1.3 points |
| Q2 2026 | 13% | +12 points |
| Q1 2026 | 6.9% | +3.5 points |
| Q4 2025 | 11% | +3 points |
| Q3 2025 | 11% | +5.2 points |
| Q2 2025 | 1.7% | -1.5 points |
| Q1 2025 | 3.4% | -0.7 points |
| Q4 2024 | 7.6% | +2.9 points |
WDAY's operating margin was 12% last quarter, up 1.3 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 WDAY on cash flow, with more consistent year-over-year improvement.
WDAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $460M | -22% |
| Q2 2026 | $616M | +46% |
| Q1 2026 | $1.2B | +19% |
| Q4 2025 | $550M | +53% |
| Q3 2025 | $588M | +14% |
| Q2 2025 | $421M | +45% |
| Q1 2025 | $1B | +3% |
| Q4 2024 | $359M | -20% |
WDAY's free cash flow has been positive every quarter for seven years: $2.8B over the past year, up 19% 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.
WDAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.1% | -8M shares |
| 1 year | -8.8% | -23.9M shares |
| 3 years | -6.9% | -18.1M shares |
| 5 years | -5.3% | -13.7M shares |
| Available history | +7.8% | +17.8M shares |
WDAY has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.3B |
| Q2 2026 | $1.6B |
| Q1 2026 | $1.5B |
| Q4 2025 | $802M |
| Q3 2025 | $299M |
| Q2 2025 | $290M |
| Q1 2025 | $103M |
| Q4 2024 | $158M |
WDAY spent $5.2B buying back its own shares over the past year, about six times what it spent 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 WDAY on leverage, with a lower net debt burden relative to earnings.
WDAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.7x | Healthy |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 1.5x | Healthy |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 2.5x | Moderate |
WDAY's net debt is about 1.7 years of its operating earnings (EBITDA), down from 2.0 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).
WDAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.6 | Neutral |
| Stochastic | 48.5 | Neutral |
WDAY's weekly RSI is 56 (neutral) and its Stochastic is 49 (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 WDAY on valuation relative to its sector.
WDAY PE vs Technology Sector
| Metric | WDAY | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 28x | 39% above |
| PE % | 6 | 35 | 29 pts below |
WDAY is trading at 39x earnings, a 39% premium 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 the edge over WDAY on trend strength, trading above more of its moving averages.
WDAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $193.0 | 1.2% below |
| 20 week MA | $180.9 | 5.4% above |
| 50 week MA | $165.0 | 16% above |
| 100 week MA | $203.2 | 6.2% below |
| 200 week MA | $219.1 | 13% below |
WDAY's trend is mixed: it's above two of its five weekly moving averages, and 13% 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 WDAY on returns for 2026, with the stronger performance.
WDAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $165.9 | $248.8 | +50% |
| 2021 | $248.8 | $278.1 | +12% |
| 2022 | $278.1 | $164.6 | -41% |
| 2023 | $164.6 | $276.1 | +68% |
| 2024 | $276.1 | $266.2 | -3.6% |
| 2025 | $266.2 | $220.7 | -17% |
| 2026 YTD | $220.7 | $190.6 | -14% |
WDAY has finished lower in three of the last six years. It's down 14% so far in 2026.