MU
Micron Technology, Inc.
MU has the edge over WK overall, supported by stronger valuation and stronger modeled upside.
WK
Workiva Inc.
WK'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.
WK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Strong |
WK'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.
WK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 21x | $68.51 | — |
| Current | 61x | $68.51 | — |
| Cheap | 85x | $96.44 | +41% |
| Fair | 102x | $115 | +68% |
| Expensive | 215x | $243 | +254% |
Historical ranges are pointers, not guarantees.
WK 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 |
MU has the edge over WK on the outlook, with more favorable profitability expectations.
WK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for WK, with profitability 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'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.
WK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.26 | +189% |
| Q3 2026 | $1.13 | +$1.96 |
| Q2 2026 | $0.83 | +$2.02 |
| Q1 2026 | $0.24 | +$1.40 |
| Q4 2025 | -$0.47 | +$0.52 |
| Q3 2025 | -$0.83 | +$0.08 |
| Q2 2025 | -$1.19 | +$0.45 |
| Q1 2025 | -$1.16 | +$0.55 |
| Q4 2024 | -$0.99 | +$1.37 |
WK has returned to profit: it earned $1.13 per share over the past year, after losing money 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 WK 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 WK on profitability, with a higher operating margin.
WK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $263M | +17% |
| Q2 2026 | $255.3M | +19% |
| Q1 2026 | $247.3M | +20% |
| Q4 2025 | $238.9M | +20% |
| Q3 2025 | $224.2M | +21% |
| Q2 2025 | $215.2M | +21% |
| Q1 2025 | $206.3M | +17% |
| Q4 2024 | $199.9M | +20% |
WK's revenue has grown year over year every quarter since late 2020: $263M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.8% | +8.3 points |
| Q2 2026 | 4.6% | +15 points |
| Q1 2026 | 6.2% | +18 points |
| Q4 2025 | 3.3% | +9.9 points |
| Q3 2025 | -1.5% | +10 points |
| Q2 2025 | -10% | +2.8 points |
| Q1 2025 | -12% | -1.6 points |
| Q4 2024 | -6.7% | -1 points |
WK's operating margin was 6.8% last quarter, up 8.3 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 generated $59B in free cash flow over the past year, more than ten times what it generated the year before.
WK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $68.7M | +49% |
| Q2 2026 | $78M | +58% |
| Q1 2026 | $25.7M | +$33.9M |
| Q4 2025 | $50.7M | +18% |
| Q3 2025 | $46.1M | +147% |
| Q2 2025 | $49.3M | +$49.4M |
| Q1 2025 | -$8.1M | -133% |
| Q4 2024 | $43.2M | +80% |
WK generated $223M in free cash flow over the past year, up 71% 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.
WK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.5% | -851K shares |
| 1 year | -5.1% | -3M shares |
| 3 years | +1.7% | +948K shares |
| 5 years | +7.3% | +3.8M shares |
| Available history | +17% | +8.1M shares |
WK has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.2M |
| Q2 2026 | $122.7M |
| Q1 2026 | $50M |
| Q4 2025 | $11.5M |
| Q3 2025 | $10M |
| Q2 2025 | $10M |
| Q1 2025 | $40.1M |
WK spent $185M buying back its own shares over the past year.
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.
WK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.3x | Net Cash |
| Q2 2026 | -6.0x | Net Cash |
| Q1 2026 | -40.6x | Net Cash |
WK has the edge over MU on leverage, with a lower net debt burden relative to earnings.
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).
WK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.4 | Neutral |
| Stochastic | 51.9 | Neutral |
WK's weekly RSI is 49 (neutral) and its Stochastic is 52 (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 WK on valuation relative to its sector.
WK PE vs Technology Sector
| Metric | WK | Sector median | Relative |
|---|---|---|---|
| PE | 61x | 28x | 118% above |
| PE % | 0 | 35 | 35 pts below |
WK is trading at 61x earnings, a 118% premium to the Technology sector's median of 28x, though its earnings don't support one.
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 WK on trend strength, trading above more of its moving averages.
WK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $75.0 | 8.7% below |
| 20 week MA | $69.2 | 1.1% below |
| 50 week MA | $66.6 | 2.9% above |
| 100 week MA | $74.5 | 8% below |
| 200 week MA | $82.4 | 17% below |
WK's trend is mixed: it's above one of its five weekly moving averages, and 17% 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 WK on returns for 2026, with the stronger performance.
WK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.6 | $92.7 | +123% |
| 2021 | $92.7 | $133.4 | +44% |
| 2022 | $133.4 | $83.7 | -37% |
| 2023 | $83.7 | $101.5 | +21% |
| 2024 | $101.5 | $111.1 | +9.5% |
| 2025 | $111.1 | $87.5 | -21% |
| 2026 YTD | $87.5 | $68.5 | -22% |
WK has finished higher in four of the last six years. It's down 22% so far in 2026.