ADI
Analog Devices, Inc.
ADI has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has a slight edge over ADI overall, supported by stronger valuation.
ADI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Healthy |
ADI's revenue, profitability, cash flow and balance sheet are all currently healthy.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
ADI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 24x | $409 | — |
| Cheap | 30x | $252 | -38% |
| Fair | 41x | $349 | -15% |
| Current | 49x | $409 | — |
| Expensive | 63x | $535 | +31% |
Historical ranges are pointers, not guarantees.
ADI's PE is in its fair range at 49x. If earnings grow as analysts expect, today's price would be 24x next year's earnings, in its cheap range.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK has the edge over ADI in the historical PE scenario, which offers more potential upside but is not a forecast.
ADI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for ADI, with profitability improving.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.
ADI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $16.89 | +100% |
| Q3 2026 | $8.43 | +116% |
| Q2 2026 | $6.73 | +84% |
| Q1 2026 | $5.47 | +75% |
| Q4 2025 | $4.56 | +39% |
| Q3 2025 | $3.91 | +17% |
| Q2 2025 | $3.66 | -15% |
| Q1 2025 | $3.13 | -44% |
| Q4 2024 | $3.28 | -50% |
ADI earned $8.43 per share over the past year, up 116% from the year before.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over ADI in the latest year-over-year earnings comparison.
ADI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4B | +40% |
| Q2 2026 | $3.6B | +37% |
| Q1 2026 | $3.2B | +30% |
| Q4 2025 | $3.1B | +26% |
| Q3 2025 | $2.9B | +25% |
| Q2 2025 | $2.6B | +22% |
| Q1 2025 | $2.4B | -3.6% |
| Q4 2024 | $2.4B | -10% |
ADI's revenue has grown year over year for six quarters in a row: $4B last quarter, up 40% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | +12 points |
| Q2 2026 | 38% | +12 points |
| Q1 2026 | 32% | +11 points |
| Q4 2025 | 31% | +7.4 points |
| Q3 2025 | 28% | +7.1 points |
| Q2 2025 | 26% | +7.8 points |
| Q1 2025 | 20% | -3 points |
| Q4 2024 | 23% | 0 points |
ADI's operating margin was 40% last quarter, up 12 points from the same quarter a year ago, near the top of its range since 2019.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK has the edge over ADI on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over ADI on profitability, with a higher operating margin.
ADI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +34% |
| Q2 2026 | $734.3M | +0.7% |
| Q1 2026 | $1.3B | +29% |
| Q4 2025 | $1.5B | +68% |
| Q3 2025 | $1.1B | +55% |
| Q2 2025 | $729.2M | +18% |
| Q1 2025 | $977.8M | +6.8% |
| Q4 2024 | $885.4M | +25% |
ADI has the edge over SNDK on cash flow, with more consistent year-over-year improvement.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK generated $17.4B in free cash flow over the past year, more than ten times what it generated the year before.
ADI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -1.6M shares |
| 1 year | -1.6% | -7.9M shares |
| 3 years | -2.9% | -14.7M shares |
| 5 years | +31% | +116M shares |
| Available history | +31% | +116M shares |
ADI has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.2B |
| Q2 2026 | $772.9M |
| Q1 2026 | $516.5M |
| Q4 2025 | $680.5M |
| Q3 2025 | $1.1B |
| Q2 2025 | $248.6M |
| Q1 2025 | $160.4M |
| Q4 2024 | $94.9M |
ADI spent $3.1B buying back its own shares over the past year, up 98% from the year before.
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
ADI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.0x | Healthy |
| Q2 2026 | 1.0x | Healthy |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 1.3x | Healthy |
| Q3 2025 | 1.4x | Healthy |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 1.3x | Healthy |
| Q4 2024 | 1.4x | Healthy |
ADI's net debt is about a year of its operating earnings (EBITDA), down from 1.4 years a year ago.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has the edge over ADI on leverage, with a lower net debt burden relative to earnings.
ADI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.7 | Neutral |
| Stochastic | 56.9 | Neutral |
ADI's weekly RSI is 56 (neutral) and its Stochastic is 57 (neutral).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
ADI PE vs Technology Sector
| Metric | ADI | Sector median | Relative |
|---|---|---|---|
| PE | 49x | 28x | 74% above |
| PE % | 62 | 35 | 27 pts above |
ADI is trading at 49x earnings, a 74% premium to the Technology sector's median of 28x.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK has the edge over ADI on valuation relative to its sector.
ADI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $399.2 | 2.5% above |
| 20 week MA | $385.6 | 6.1% above |
| 50 week MA | $360.9 | 13% above |
| 100 week MA | $292.3 | 40% above |
| 200 week MA | $245.2 | 67% above |
ADI has stronger trend alignment. ADI is above 5 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
ADI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $119.5 | $144.5 | +21% |
| 2021 | $144.5 | $172.7 | +20% |
| 2022 | $172.7 | $163.8 | -5.1% |
| 2023 | $163.8 | $198.6 | +21% |
| 2024 | $198.6 | $217.0 | +9.3% |
| 2025 | $217.0 | $276.8 | +28% |
| 2026 YTD | $276.8 | $409.3 | +48% |
ADI has finished higher in five of the last six years. It's up 48% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over ADI on returns for 2026, with the stronger performance.