MU vs QCOM: Which Is the Better Buy?
Side-by-side comparison of Micron Technology, Inc. and QUALCOMM Incorporated — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-04-16.
Micron Technology, Inc. · Technology
$421.51
-20.2% upside to fair value
Low Conviction
Grade D
VS
QUALCOMM Incorporated · Technology
$134.47
+77.7% upside to fair value
Med Conviction
Grade B
QuantHub Verdict
QCOM has more upside to fair value
(+77.7%).
MU trades at a lower forward P/E
(19.7x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
MU |
QCOM |
| Current Price |
$421.51 |
$134.47 |
| Fair Value Estimate |
$336.45 |
$239.00 |
| Upside to Fair Value |
-20.2%
|
+77.7%
|
| Market Cap |
$475.4B |
$143.6B |
| Forward P/E |
19.7x
|
26.8x
|
| EV / EBITDA |
12.8x
|
—
|
| Price / Sales |
8.2x
|
3.2x
|
| Price / FCF |
21.6x
|
11.1x
|
| Revenue Growth YoY |
+74.9%
|
+8.7%
|
| Gross Margin |
58.4%
|
55.1%
|
| Operating Margin |
48.5%
|
27.1%
|
| Return on Equity |
40.8%
|
21.6%
|
| Dividend Yield |
0% |
— |
| FCF Yield |
4.64%
|
9.0%
|
| Analyst Consensus |
Strong Buy
|
Hold
|
Investment Thesis
Micron Technology, Inc. is a leading semiconductor company specializing in memory and storage solutions, including DRAM and NAND products, which are critical for AI, data centers, mobile, and embedded applications. The company benefits from strong revenue growth of 74.9% year-over-year and exceptional profitability with a net margin of 41.5% and return on equity of 40.8%. Despite these strengths …
Qualcomm Incorporated is a leading semiconductor company specializing in wireless chipsets and IP licensing, with dominant positions in 5G modems via QCT (87% of revenue) and steady QTL royalties. The business excels through a vast patent moat, diversification into automotive and IoT, and robust growth (revenue +13% YoY to $44B in FY2025), but faces risks from Apple modem shifts and China exposur…
Accumulation Zones
| Metric |
MU |
QCOM |
| Zone Low |
$252.34 |
$179.00 |
| Zone High |
$285.98 |
$203.00 |
| In Buy Zone? |
No
|
Yes
|