AAPL
Apple Inc.
AAPL has lower modeled downside risk, despite its lower overall score.
SANM
Sanmina Corporation
SANM has the edge over AAPL overall, supported by stronger valuation and stronger modeled upside.
AAPL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
AAPL's revenue, profitability, cash flow and balance sheet are all currently healthy.
SANM Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Stable | |
| Healthy |
SANM's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
AAPL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $230 | -35% |
| Fair | 31x | $279 | -21% |
| Expensive | 37x | $328 | -7.5% |
| Forward | 38x | $355 | — |
| Current | 40x | $355 | — |
Historical ranges are pointers, not guarantees.
AAPL has the edge over SANM in the historical PE scenario, which offers more potential upside but is not a forecast.
SANM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $69.85 | -58% |
| Fair | 16x | $111 | -32% |
| Current | 24x | $164 | — |
| Expensive | 25x | $170 | +3.4% |
Historical ranges are pointers, not guarantees.
SANM's PE is 24x, but its earnings don't support one, so it isn't a reliable read right now.
AAPL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AAPL, but weaker profitability.
SANM Forward outlook
There aren't enough analyst estimates for SANM to show an outlook.
AAPL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.28 | +3.3% |
| Q3 2026 | $8.98 | +20% |
| Q2 2026 | $8.71 | +32% |
| Q1 2026 | $8.26 | +29% |
| Q4 2025 | $7.90 | +25% |
| Q3 2025 | $7.46 | +23% |
| Q2 2025 | $6.59 | +0.2% |
| Q1 2025 | $6.42 | -0.3% |
| Q4 2024 | $6.30 | -2% |
AAPL earned $8.98 per share over the past year, up 20% from the year before.
SANM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $6.85 | +54% |
SANM has the edge over AAPL in the latest year-over-year earnings comparison.
AAPL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $114.5B | +12% |
| Q2 2026 | $109.4B | +16% |
| Q1 2026 | $111.2B | +17% |
| Q4 2025 | $143.8B | +16% |
| Q3 2025 | $102.5B | +7.9% |
| Q2 2025 | $94B | +9.6% |
| Q1 2025 | $95.4B | +5.1% |
| Q4 2024 | $124.3B | +4% |
AAPL's revenue has grown year over year for 10 quarters in a row: $114B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 31% | -0.5 points |
| Q2 2026 | 33% | +2.6 points |
| Q1 2026 | 32% | +1.3 points |
| Q4 2025 | 35% | +0.9 points |
| Q3 2025 | 32% | +0.5 points |
| Q2 2025 | 30% | +0.4 points |
| Q1 2025 | 31% | +0.3 points |
| Q4 2024 | 34% | +0.7 points |
AAPL has the edge over SANM on profitability, with a higher operating margin.
SANM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.9B | +84% |
| Q2 2026 | $3.5B | +70% |
| Q1 2026 | $4B | +102% |
| Q4 2025 | $3.2B | +59% |
SANM has the edge over AAPL on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 6.4% | +1.7 points |
| Q1 2026 | 3.9% | -0.7 points |
| Q4 2025 | 2.3% | -2.1 points |
| Q3 2025 | 3.7% | N/A |
| Q2 2025 | 4.7% | N/A |
| Q1 2025 | 4.6% | N/A |
| Q4 2024 | 4.4% | N/A |
SANM's operating margin was 6.4% last quarter, up 1.7 points from the same quarter a year ago.
AAPL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $25.9B | -2.4% |
| Q2 2026 | $31.9B | +31% |
| Q1 2026 | $26.7B | +28% |
| Q4 2025 | $51.6B | +91% |
| Q3 2025 | $26.5B | +11% |
| Q2 2025 | $24.4B | -8.6% |
| Q1 2025 | $20.9B | +0.9% |
| Q4 2024 | $27B | -28% |
AAPL has the edge over SANM in the latest year-over-year cash flow comparison.
SANM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $23.6M | -86% |
| Q1 2026 | $342M | +171% |
| Q4 2025 | $91.9M | +96% |
AAPL has the edge over SANM in the latest year-over-year cash flow comparison.
AAPL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +5.6M shares |
| 1 year | -1.9% | -284M shares |
| 3 years | -6.9% | -1.1B shares |
| 5 years | -13% | -2.1B shares |
| Available history | -17% | -3.1B shares |
AAPL has the edge over SANM on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $24.3B |
| Q2 2026 | $25.1B |
| Q1 2026 | $12.3B |
| Q4 2025 | $24.7B |
| Q3 2025 | $20.1B |
| Q2 2025 | $21.1B |
| Q1 2025 | $25.9B |
| Q4 2024 | $23.6B |
AAPL spent $86.4B buying back its own shares over the past year, down 4.8% from the year before.
SANM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +25K shares |
| 1 year | +1.2% | +640K shares |
SANM has 55M diluted shares, up 1.2% from a year ago.
AAPL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.5x | Very low |
AAPL has the edge over SANM on leverage, with a lower net debt burden relative to earnings.
SANM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | -1.3x | Net Cash |
| Q2 2025 | -1.0x | Net Cash |
| Q1 2025 | -0.7x | Net Cash |
| Q4 2024 | -0.7x | Net Cash |
SANM's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
AAPL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.1 | Neutral |
| Stochastic | 85.0 | Overbought |
AAPL's weekly RSI is 68 (neutral) and its Stochastic is 85 (overbought).
SANM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.3 | Neutral |
| Stochastic | 20.6 | Neutral |
SANM's weekly RSI is 44 (neutral) and its Stochastic is 21 (neutral).
AAPL PE vs Technology Sector
| Metric | AAPL | Sector median | Relative |
|---|---|---|---|
| PE | 40x | 28x | 42% above |
| PE % | 96 | 35 | 61 pts above |
AAPL is trading at 40x earnings, a 42% premium to the Technology sector's median of 28x.
SANM PE vs Technology Sector
| Metric | SANM | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 28x | 14% below |
| PE % | 82 | 35 | 47 pts above |
SANM has the edge over AAPL on valuation relative to its sector.
AAPL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $343.1 | 3.4% above |
| 20 week MA | $329.0 | 7.9% above |
| 50 week MA | $295.6 | 20% above |
| 100 week MA | $262.4 | 35% above |
| 200 week MA | $226.3 | 57% above |
AAPL has the edge over SANM on trend strength, trading above more of its moving averages.
SANM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $183.4 | 10% below |
| 20 week MA | $194.9 | 16% below |
| 50 week MA | $185.5 | 11% below |
| 100 week MA | $142.9 | 15% above |
| 200 week MA | $101.8 | 62% above |
SANM has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 62% above its 200-week average.
AAPL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $72.5 | $132.0 | +82% |
| 2021 | $132.0 | $176.3 | +34% |
| 2022 | $176.3 | $131.9 | -25% |
| 2023 | $131.9 | $192.5 | +46% |
| 2024 | $192.5 | $255.6 | +33% |
| 2025 | $255.6 | $273.4 | +7% |
| 2026 YTD | $273.4 | $354.9 | +30% |
AAPL has the edge over SANM on returns for 2026, with the stronger performance.
SANM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $34.2 | $32.3 | -5.4% |
| 2021 | $32.3 | $40.6 | +26% |
| 2022 | $40.6 | $58.4 | +44% |
| 2023 | $58.4 | $51.4 | -12% |
| 2024 | $51.4 | $76.6 | +49% |
| 2025 | $76.6 | $154.3 | +101% |
| 2026 YTD | $154.3 | $164.5 | +6.6% |
SANM has finished higher in four of the last six years. It's up 6.6% so far in 2026.