AIRG
Airgain, Inc.
AIRG has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over AIRG overall, supported by stronger fundamentals and stronger modeled upside.
AIRG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Strong |
AIRG's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
AIRG PE Valuation
AIRG 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 17x 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.
AIRG Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect AIRG 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.
AIRG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.21 | — |
| Q3 2026 | -$0.53 | -$0.03 |
| Q2 2026 | -$0.57 | +$0.01 |
| Q1 2026 | -$0.56 | +$0.13 |
| Q4 2025 | -$0.54 | +$0.25 |
| Q3 2025 | -$0.50 | +$0.65 |
| Q2 2025 | -$0.58 | +$0.59 |
| Q1 2025 | -$0.69 | +$0.46 |
| Q4 2024 | -$0.79 | +$0.41 |
AIRG is still losing money, but far less than before: $0.53 per share over the past year, against $1.28 at its worst in early 2022.
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 AIRG in the latest year-over-year earnings comparison.
AIRG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $15.3M | +9.3% |
| Q2 2026 | $13.7M | +0.6% |
| Q1 2026 | $11.5M | -4.2% |
| Q4 2025 | $12.1M | -20% |
| Q3 2025 | $14M | -13% |
| Q2 2025 | $13.6M | -10% |
| Q1 2025 | $12M | -16% |
| Q4 2024 | $15.1M | +50% |
AIRG's revenue is recovering but still below its 2022 peak: $15M last quarter, up 9.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3% | +3.9 points |
| Q2 2026 | -12% | +2.4 points |
| Q1 2026 | -18% | +7.4 points |
| Q4 2025 | -20% | -6.8 points |
| Q3 2025 | -6.9% | +4.4 points |
| Q2 2025 | -15% | +1.8 points |
| Q1 2025 | -26% | -7.3 points |
| Q4 2024 | -13% | +41 points |
AIRG's operating margin was −3% last quarter, up 3.9 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 has the edge over AIRG 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 AIRG on profitability, with a higher operating margin.
AIRG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$175K | +$243K |
| Q2 2026 | -$1.8M | -1716% |
| Q1 2026 | -$814K | +$253K |
| Q4 2025 | $93K | +$120K |
| Q3 2025 | -$418K | +$788K |
| Q2 2025 | $113K | +$1.4M |
| Q1 2025 | -$1.1M | +$112K |
| Q4 2024 | -$27K | +$2.1M |
AIRG has burned cash in most quarters: −$3M over the past year, against −$1M 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 AIRG on cash generation, producing positive trailing cash flow while its opponent burns cash.
AIRG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.3% | +300K shares |
| 1 year | +11% | +1.4M shares |
| 3 years | +26% | +2.7M shares |
| 5 years | +30% | +3.1M shares |
| Available history | +30% | +3M shares |
AIRG has 13M diluted shares, up 11% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q4 2021 | — |
| Q3 2021 | $97,000 |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | $418,000 |
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 AIRG 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 | — |
AIRG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2019 | -8.6x | Net Cash |
AIRG has more cash than debt.
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.
AIRG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 25.9 | Oversold |
| Stochastic | 7.8 | Oversold |
AIRG's weekly RSI is 26 (oversold) and its Stochastic is 8 (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).
AIRG PE vs Technology Sector
| Metric | AIRG | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
AIRG 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.
AIRG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.23 | 12% below |
| 20 week MA | $5.06 | 27% below |
| 50 week MA | $5.26 | 29% below |
| 100 week MA | $5.02 | 26% below |
| 200 week MA | $5.34 | 31% below |
SNDK has stronger trend alignment. AIRG is above 0 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.
AIRG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.5 | $15.2 | +45% |
| 2021 | $15.2 | $10.6 | -30% |
| 2022 | $10.6 | $6.45 | -39% |
| 2023 | $6.45 | $3.56 | -45% |
| 2024 | $3.56 | $7.16 | +101% |
| 2025 | $7.16 | $4.00 | -44% |
| 2026 YTD | $4.00 | $3.71 | -7.3% |
AIRG has finished lower in four of the last six years. It's down 7.3% 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 AIRG on returns for 2026, with the stronger performance.