ASYS
Amtech Systems, Inc.
ASYS has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over ASYS overall, supported by stronger fundamentals and stronger valuation.
ASYS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
ASYS'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.
ASYS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.2x | $2.48 | -80% |
| Fair | 32x | $8.65 | -30% |
| Forward | 35x | $12.43 | — |
| Current | 46x | $12.43 | — |
| Expensive | 78x | $20.98 | +69% |
Historical ranges are pointers, not guarantees.
ASYS's PE is in its fair range at 46x. If earnings grow as analysts expect, today's price would be 35x 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 has the edge over ASYS in the historical PE scenario, which offers more potential upside but is not a forecast.
ASYS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ASYS, but weaker profitability.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
SNDK has the edge over ASYS on the outlook, with more favorable profitability expectations.
ASYS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.36 | +33% |
| Q2 2026 | $0.27 | +$2.51 |
| Q1 2026 | $0.18 | +$2.40 |
| Q4 2025 | -$2.13 | -2762% |
| Q3 2025 | -$2.12 | -$1.52 |
| Q2 2025 | -$2.24 | -$0.83 |
| Q1 2025 | -$2.22 | -$0.71 |
| Q4 2024 | $0.08 | +$1.43 |
| Q3 2024 | -$0.60 | +$0.29 |
ASYS has returned to profit: it earned $0.27 per share over the past year, after losing money 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 ASYS in the latest year-over-year earnings comparison.
ASYS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $22.4M | +14% |
| Q1 2026 | $20.5M | +31% |
| Q4 2025 | $19M | -22% |
| Q3 2025 | $19.8M | -18% |
| Q2 2025 | $19.6M | -27% |
| Q1 2025 | $15.6M | -39% |
| Q4 2024 | $24.4M | -2.1% |
| Q3 2024 | $24.1M | -13% |
ASYS's revenue is recovering but still below its 2023 peak: $22M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 9.9% | +5.2 points |
| Q1 2026 | 8.8% | +212 points |
| Q4 2025 | 4.1% | +2.7 points |
| Q3 2025 | 9.3% | +9.2 points |
| Q2 2025 | 4.7% | +1.6 points |
| Q1 2025 | -203% | -208 points |
| Q4 2024 | 1.4% | +37 points |
| Q3 2024 | 0.1% | +42 points |
ASYS's operating margin was 9.9% last quarter, up 5.2 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 has the edge over ASYS 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 ASYS on profitability, with a higher operating margin.
ASYS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $994K | -50% |
| Q1 2026 | $1.9M | +843% |
| Q4 2025 | $3.8M | +40% |
| Q3 2025 | $2M | +54% |
| Q2 2025 | $2M | +515% |
| Q1 2025 | $201K | +$1.1M |
| Q4 2024 | $2.7M | -35% |
| Q3 2024 | $1.3M | +$2.8M |
ASYS generated $9M in free cash flow over the past year, up 41% from 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 generated $17.4B in free cash flow over the past year, more than ten times what it generated the year before.
ASYS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.4% | +1.1M shares |
| 1 year | +12% | +1.7M shares |
| 3 years | +14% | +2M shares |
| 5 years | +12% | +1.7M shares |
| Available history | +12% | +1.7M shares |
ASYS has 16M diluted shares, up 12% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | $1.4M |
| Q4 2021 | $2.7M |
| Q3 2020 | — |
| Q2 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 ASYS 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 | — |
ASYS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -9.2x | Net Cash |
| Q1 2026 | -3.1x | Net Cash |
| Q4 2024 | -2.4x | Net Cash |
| Q2 2023 | -0.7x | Net Cash |
| Q1 2023 | -0.4x | Net Cash |
| Q4 2022 | -3.0x | Net Cash |
| Q3 2022 | -2.5x | Net Cash |
| Q2 2022 | -2.9x | Net Cash |
ASYS has the edge over SNDK on leverage, with a lower net debt burden relative to earnings.
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.
ASYS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.2 | Neutral |
| Stochastic | 14.1 | Oversold |
ASYS's weekly RSI is 42 (neutral) and its Stochastic is 14 (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).
ASYS PE vs Technology Sector
| Metric | ASYS | Sector median | Relative |
|---|---|---|---|
| PE | 46x | 28x | 65% above |
| PE % | 60 | 35 | 25 pts above |
ASYS is trading at 46x earnings, a 65% 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 ASYS on valuation relative to its sector.
ASYS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.0 | 11% below |
| 20 week MA | $15.1 | 18% below |
| 50 week MA | $15.3 | 19% below |
| 100 week MA | $10.5 | 19% above |
| 200 week MA | $8.74 | 42% above |
ASYS has stronger trend alignment. ASYS 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.
ASYS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.01 | $6.13 | -13% |
| 2021 | $6.13 | $9.49 | +55% |
| 2022 | $9.49 | $7.85 | -17% |
| 2023 | $7.85 | $4.20 | -46% |
| 2024 | $4.20 | $5.54 | +32% |
| 2025 | $5.54 | $12.8 | +130% |
| 2026 YTD | $12.8 | $12.4 | -2.6% |
ASYS's yearly returns have swung widely, from +130% in 2025 to −46% in 2023. It's down 2.6% 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 ASYS on returns for 2026, with the stronger performance.