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 2026-09-26.
Micron Technology, Inc. · Technology
$1,080.53
+4.1% upside to fair value
Med Conviction
Grade C
High Quality
VS
QUALCOMM Incorporated · Technology
$201.97
-21.1% upside to fair value
Med Conviction
Grade D
High Quality
QuantHub Verdict
MU has more upside to fair value
(+4.1%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
MU |
QCOM |
| Current Price |
$1,080.53 |
$201.97 |
| Fair Value Estimate |
$1,124.98 |
$159.42 |
| Upside to Fair Value |
+4.1%
|
-21.1%
|
| Market Cap |
$1,220.3B |
$212.1B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
17.6x
|
16.5x
|
| Price / Sales |
13.5x
|
4.8x
|
| Price / FCF |
46.6x
|
20.5x
|
| Revenue Growth YoY |
+345.7%
|
-4.0%
|
| Gross Margin |
72.6%
|
54.2%
|
| Operating Margin |
65.7%
|
23.2%
|
| Return on Equity |
70.5%
|
37.3%
|
| Dividend Yield |
0.05% |
1.79% |
| FCF Yield |
2.15%
|
4.88%
|
| Analyst Consensus |
Strong Buy
|
Hold
|
Investment Thesis
Micron Technology is a global leader in advanced semiconductor memory and storage, operating across Compute and Networking, Mobile, Storage, and Embedded segments with DRAM, NAND, and NOR products sold under the Micron and Crucial brands to cloud, data center, mobile, automotive, and consumer markets. The business quality is high on current fundamentals: TTM gross margin is 72.6%, TTM operating m…
Qualcomm develops foundational wireless technologies and monetizes them through two main engines: QCT, which supplies Snapdragon application processors and modems, and QTL, which licenses a standards-essential patent portfolio covering CDMA2000, WCDMA, LTE and 5G. The licensing arm and the company's entrenched position in premium Android handsets give it a genuinely high-quality business, evidenc…
Accumulation Zones
| Metric |
MU |
QCOM |
| Zone Low |
$843.74 |
$119.56 |
| Zone High |
$956.23 |
$135.51 |
| In Buy Zone? |
No
|
No
|