BZAI

Blaize Holdings, Inc.

There isn't enough reported data to score BZAI yet.

SNDK

Sandisk Corporation

79
Fundamentals88/ 100
Valuation50/ 100
Upside potential69/ 100
Risk potential51/ 100

SNDK's fundamentals are strong: revenue more than tripled and its operating margin went from −19% to 72%. Its PE isn't a useful guide right now because of how its recent earnings were reported.

BZAI Fundamentals

MetricStatus
Unavailable
Weak
Weak
Unavailable

BZAI's profitability and cash flow are currently weak. There isn't enough data to rate its revenue and balance sheet.

SNDK Fundamentals

MetricStatus
Strong
Strong
Strong
Strong

SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.

BZAI PE Valuation

BZAI has no meaningful PE right now: it lost money over the past year.

SNDK PE Valuation

CHEAPFAIREXPENSIVE20x39x59x79x
CHEAPFAIREXPENSIVE20x39x59x79x
LevelPEPriceVs current
Forward3.8x$937—
Current7.5x$937—
Cheap17x$2,173+132%
Fair24x$3,048+225%
Expensive59x$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.

BZAI Forward outlook

MetricOutlook
--
Losses steady
Strong growth
--
Limited
High

Analysts expect BZAI's revenue to grow, with its earnings and profitability holding steady.

SNDK Forward outlook

MetricOutlook
Strongly improving
Strong growth
Strong growth
Strongly improving
Moderate
High

Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.

BZAI Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $0.17 on Nov 12.

There is not enough scenario data to compare BZAI and SNDK's risk to reward.

SNDK Risk to reward

ScenarioChangePrice
Upside+113%$1,996.75
Downside-51%$461.20

Calculated from the latest close: $937.46 on Nov 12.

There is not enough scenario data to compare BZAI and SNDK's risk to reward.

BZAI Earnings Per Share

Q3 2023: $0.08Q4 2023: $0.03Q1 2024: $-0.02Q2 2024: $-0.06Q3 2024: $-0.12Q4 2025: $-2.17Q1 2026: $-0.75Q2 2026: $-0.68
Q3 2023: $0.08Q4 2023: $0.03Q1 2024: $-0.02Q2 2024: $-0.06Q3 2024: $-0.12Q4 2025: $-2.17Q1 2026: $-0.75Q2 2026: $-0.68
QuarterTTM EPSYoY
Q3 2024-$0.12-250%
Q2 2024-$0.06-167%
Q1 2024-$0.02-122%
Q4 2023$0.03-25%
Q3 2023$0.08+700%

BZAI lost $0.68 per share over the past year, a bigger loss than the year before.

SNDK Earnings Per Share

Q2 2024: $-4.66Q2 2025: $-11.31Q4 2025: $-12.02Q1 2026: $-7.59Q2 2026: $28.77Q3 2026: $73.76Q4 2026: $125.61Forward: $247.30
Q2 2024: $-4.66Q2 2025: $-11.31Q4 2025: $-12.02Q1 2026: $-7.59Q2 2026: $28.77Q3 2026: $73.76Q4 2026: $125.61Forward: $247.30
QuarterTTM EPSYoY
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 BZAI in the latest year-over-year earnings comparison.

BZAI Quarterly Revenue

Q3 2023: $0Q4 2023: $0Q1 2024: --Q2 2024: --Q3 2024: --Q4 2024: --Q1 2025: $1MQ2 2025: $2MQ3 2025: $12MQ4 2025: $24MQ1 2026: $3MQ2 2026: $12M
Q3 2023: $0Q4 2023: $0Q1 2024: --Q2 2024: --Q3 2024: --Q4 2024: --Q1 2025: $1MQ2 2025: $2MQ3 2025: $12MQ4 2025: $24MQ1 2026: $3MQ2 2026: $12M
QuarterRevenueYoY
Q2 2026$12M+505%
Q1 2026$2.7M+172%

BZAI's revenue has grown year over year for six quarters in a row: $12M last quarter, up 505% from the same quarter a year ago.

SNDK Quarterly Revenue

Q1 2024: $1.7BQ2 2024: $1.8BQ3 2024: --Q3 2024: $1.9BQ4 2024: $1.9BQ1 2025: $1.7BQ2 2025: $1.9BQ4 2025: $2.3BQ1 2026: $3BQ2 2026: $6BQ3 2026: $9BQ4 2026: $11B
Q1 2024: $1.7BQ2 2024: $1.8BQ3 2024: --Q3 2024: $1.9BQ4 2024: $1.9BQ1 2025: $1.7BQ2 2025: $1.9BQ4 2025: $2.3BQ1 2026: $3BQ2 2026: $6BQ3 2026: $9BQ4 2026: $11B
QuarterRevenueYoY
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 BZAI on sales, with more consistent year-over-year improvement.

BZAI Free Cash Flow

Q3 2023: −$8MQ4 2023: −$6MQ1 2024: −$1MQ2 2024: −$371,793Q3 2024: −$673,953Q4 2024: −$270,054Q1 2025: −$17MQ2 2025: −$16MQ3 2025: −$25MQ4 2025: −$17MQ1 2026: −$13MQ2 2026: −$29M
Q3 2023: −$8MQ4 2023: −$6MQ1 2024: −$1MQ2 2024: −$371,793Q3 2024: −$673,953Q4 2024: −$270,054Q1 2025: −$17MQ2 2025: −$16MQ3 2025: −$25MQ4 2025: −$17MQ1 2026: −$13MQ2 2026: −$29M
QuarterFree cash flowYoY
Q2 2026-$29.2M-$12.7M
Q1 2026-$12.7M+$3.9M
Q4 2025-$16.5M-$16.3M
Q3 2025-$24.9M-$24.3M
Q2 2025-$16.4M-$16.1M
Q1 2025-$16.6M-$15.1M
Q4 2024-$270.1K+$6.2M
Q3 2024-$674K+$7.2M

BZAI has burned cash in almost every quarter: −$83M over the past year, against −$34M the year before.

SNDK Free Cash Flow

Q1 2024: −$41MQ2 2024: −$168MQ3 2024: −$198MQ3 2024: --Q4 2024: --Q1 2025: −$18MQ2 2025: $49MQ4 2025: $438MQ1 2026: $980MQ2 2026: $3BQ3 2026: $7.1BQ4 2026: $6.3B
Q1 2024: −$41MQ2 2024: −$168MQ3 2024: −$198MQ3 2024: --Q4 2024: --Q1 2025: −$18MQ2 2025: $49MQ4 2025: $438MQ1 2026: $980MQ2 2026: $3BQ3 2026: $7.1BQ4 2026: $6.3B
QuarterFree cash flowYoY
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 BZAI on cash generation, producing positive trailing cash flow while its opponent burns cash.

BZAI Total Shares

Q3 2023: 17MQ4 2023: 15MQ1 2024: 15MQ2 2024: 15MQ3 2024: 15MQ4 2024: 102MQ1 2025: 92MQ2 2025: 105MQ3 2025: 104MQ4 2025: 104MQ1 2026: 122MQ2 2026: 135M
Q3 2023: 17MQ4 2023: 15MQ1 2024: 15MQ2 2024: 15MQ3 2024: 15MQ4 2024: 102MQ1 2025: 92MQ2 2025: 105MQ3 2025: 104MQ4 2025: 104MQ1 2026: 122MQ2 2026: 135M
PeriodChange %Net change
Quarterly+10%+12.4M shares
1 year+29%+30.2M shares
3 years+673%+117M shares

BZAI has 135M diluted shares, up 29% from a year ago.

SNDK Total Shares

Q1 2024: 145MQ2 2024: 145MQ3 2024: 145MQ4 2024: 145MQ1 2025: 145MQ2 2025: 145MQ4 2025: 149MQ1 2026: 156MQ2 2026: 157MQ3 2026: 155MQ4 2026: 154M
Q1 2024: 145MQ2 2024: 145MQ3 2024: 145MQ4 2024: 145MQ1 2025: 145MQ2 2025: 145MQ4 2025: 149MQ1 2026: 156MQ2 2026: 157MQ3 2026: 155MQ4 2026: 154M
PeriodChange %Net change
Quarterly-0.6%-1M shares
1 year+3.4%+5M shares
3 years+6.9%+10M shares

SNDK has the edge over BZAI on shareholder dilution, with a more favorable share count trend.

BZAI Net Leverage

BZAI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

SNDK Net Leverage

Q2 2026: -0.7xQ3 2026: -0.4xQ4 2026: -0.2x
Q2 2026: -0.7xQ3 2026: -0.4xQ4 2026: -0.2x
QuarterNet LeverageStatus
Q3 2026-0.2xNet Cash
Q2 2026-0.4xNet Cash
Q1 2026-0.7xNet Cash

SNDK has more cash than debt.

BZAI Weekly Momentum

MetricValueStatus
RSI30.6Neutral
Stochastic1.8Oversold

BZAI's weekly RSI is 31 (neutral) and its Stochastic is 2 (oversold).

SNDK Weekly Momentum

MetricValueStatus
RSI40.2Neutral
Stochastic10.6Oversold

SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).

BZAI PE vs Technology Sector

BZAI has no meaningful PE right now: it lost money over the past year.

SNDK PE vs Technology Sector

MetricSNDKSector medianRelative
PE7.5x28x73% below
PE %42723 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.

BZAI Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$0.2941% below
20 week MA$0.6072% below
50 week MA$1.2787% below

BZAI and SNDK share similar trend alignment, each above 0 of 3 tracked weekly averages.

SNDK Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$1,317.529% below
20 week MA$1,465.436% below
50 week MA$1,119.616% below

SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.

BZAI Yearly ROI

YearStart priceEnd priceROI
2024$13.9$13.90%
2025$13.9$2.01-86%
2026 YTD$2.01$0.17-92%

BZAI has finished every year since 2024 lower, and it's down 92% so far in 2026.

SNDK Yearly ROI

YearStart priceEnd priceROI
2025$50.4$250.1+396%
2026 YTD$250.1$937.5+275%

SNDK has the edge over BZAI on returns for 2026, with the stronger performance.

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