AIP
Arteris, Inc.
AIP has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over AIP overall, supported by stronger fundamentals and stronger modeled upside.
AIP Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| Stable | |
| Unavailable |
AIP's revenue is currently strong, and its cash flow is stable, but its profitability is weak. There isn't enough data to rate its balance sheet.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
AIP PE Valuation
AIP has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 336x next year's earnings.
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's PE is 7.5x, but its earnings don't support one, so it isn't a reliable read right now.
AIP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect AIP to return to profit, with revenue growing. However, they disagree widely on these estimates.
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.
AIP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.06 | — |
| Q3 2026 | -$0.89 | -$0.07 |
| Q2 2026 | -$0.87 | -$0.06 |
| Q1 2026 | -$0.79 | +$0.02 |
| Q4 2025 | -$0.82 | +$0.04 |
| Q3 2025 | -$0.82 | +$0.13 |
| Q2 2025 | -$0.81 | +$0.17 |
| Q1 2025 | -$0.81 | +$0.21 |
| Q4 2024 | -$0.86 | +$0.17 |
AIP lost $0.89 per share over the past year, about the same as its loss 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 AIP in the latest year-over-year earnings comparison.
AIP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $25.8M | +48% |
| Q2 2026 | $24.1M | +46% |
| Q1 2026 | $22.9M | +39% |
| Q4 2025 | $20.1M | +30% |
| Q3 2025 | $17.4M | +18% |
| Q2 2025 | $16.5M | +13% |
| Q1 2025 | $16.5M | +28% |
| Q4 2024 | $15.5M | +24% |
AIP's revenue has grown year over year for nine quarters in a row: $26M last quarter, up 48% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -44% | +6.2 points |
| Q2 2026 | -58% | -7.7 points |
| Q1 2026 | -41% | +6.1 points |
| Q4 2025 | -42% | +3.8 points |
| Q3 2025 | -50% | +3.8 points |
| Q2 2025 | -50% | +1.1 points |
| Q1 2025 | -47% | +24 points |
| Q4 2024 | -46% | +28 points |
AIP's operating margin was −44% last quarter, up 6.2 points from the same quarter a year ago.
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's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.
| 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 AIP on profitability, with a higher operating margin.
AIP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$2.1M | -186% |
| Q2 2026 | $8.6M | +$11.5M |
| Q1 2026 | -$7.4M | -375% |
| Q4 2025 | $3M | +$5.7M |
| Q3 2025 | $2.5M | +126% |
| Q2 2025 | -$2.8M | -1176% |
| Q1 2025 | $2.7M | +853% |
| Q4 2024 | -$2.7M | +$726K |
AIP's free cash flow has turned positive again: $2M over the past year, against −$372,000 the year before.
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 has the edge over AIP on cash flow, with more consistent year-over-year improvement.
AIP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +4.5% | +2.1M shares |
| 1 year | +16% | +6.6M shares |
| 3 years | +37% | +13.4M shares |
| 5 years | +107% | +25.6M shares |
| Available history | +183% | +32M shares |
AIP has 49M diluted shares, up 16% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
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 the edge over AIP on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
AIP Net Leverage
AIP's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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 more cash than debt.
AIP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.8 | Neutral |
| Stochastic | 15.5 | Oversold |
AIP's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
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).
AIP PE vs Technology Sector
AIP has no meaningful PE right now: it lost money over the past year.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK is trading at 7.5x earnings, a 73% discount to the Technology sector's median of 28x, though its earnings don't support one.
AIP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.7 | 2.5% below |
| 20 week MA | $24.9 | 19% below |
| 50 week MA | $23.6 | 15% below |
| 100 week MA | $16.6 | 21% above |
| 200 week MA | $11.6 | 73% above |
AIP has stronger trend alignment. AIP is above 2 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.
AIP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $22.4 | $20.9 | -6.4% |
| 2022 | $20.9 | $4.29 | -80% |
| 2023 | $4.29 | $5.89 | +37% |
| 2024 | $5.89 | $10.3 | +74% |
| 2025 | $10.3 | $15.9 | +55% |
| 2026 YTD | $15.9 | $20.2 | +27% |
AIP has finished higher in three of the last five years, two of them by more than 50%. It's up 27% 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 AIP on returns for 2026, with the stronger performance.