DQ
Daqo New Energy Corp.
DQ has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over DQ overall, supported by stronger fundamentals and stronger modeled upside.
DQ Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Weak | |
| Strong |
DQ's balance sheet is currently strong, but its revenue, 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.
DQ PE Valuation
DQ has no meaningful PE right now: it lost money over the past year.
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.
DQ Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect DQ's losses to shrink, with revenue growing.
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.
DQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.41 | +$1.76 |
| Q2 2026 | -$2.83 | +$3.02 |
| Q1 2026 | -$2.78 | +$3.72 |
| Q4 2025 | -$2.57 | +$2.60 |
| Q3 2025 | -$5.17 | -$3.36 |
| Q2 2025 | -$5.85 | -$4.85 |
| Q1 2025 | -$6.50 | -402% |
| Q4 2024 | -$5.17 | -195% |
DQ is still losing money, but less than at its worst: $3.41 per share over the past year, against $6.50 at its worst in early 2025.
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 DQ in the latest year-over-year earnings comparison.
DQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $194.7M | -21% |
| Q2 2026 | $62.8M | -17% |
| Q1 2026 | $26.7M | -78% |
| Q4 2025 | $221.7M | +13% |
| Q3 2025 | $244.9M | +23% |
| Q2 2025 | $75.5M | -66% |
| Q1 2025 | $123.9M | -70% |
| Q4 2024 | $195.4M | -59% |
DQ's revenue has slid since its 2022 peak: $195M last quarter, down 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -41% | -32 points |
| Q2 2026 | -160% | -7.7 points |
| Q1 2026 | -564% | -472 points |
| Q4 2025 | -9.4% | +145 points |
| Q3 2025 | -9.5% | +40 points |
| Q2 2025 | -152% | -62 points |
| Q1 2025 | -92% | -100 points |
| Q4 2024 | -154% | -164 points |
DQ's operating margin was −41% last quarter, down 31 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 DQ 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 DQ on profitability, with a higher operating margin.
DQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $31.2M | +35% |
| Q2 2026 | -$155.3M | -$58.1M |
| Q1 2026 | -$176.2M | -$79.7M |
| Q4 2025 | $47M | +$139.4M |
| Q3 2025 | $23.1M | +$154.6M |
| Q2 2025 | -$97.2M | +$176.9M |
| Q1 2025 | -$96.5M | +$199.8M |
| Q4 2024 | -$92.5M | +$899.7M |
DQ's free cash flow was −$253M over the past year, against −$263M 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 DQ on cash generation, producing positive trailing cash flow while its opponent burns cash.
DQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.2% | +119K shares |
| 3 years | -8.6% | -6.4M shares |
| 5 years | -12% | -9M shares |
| Available history | -5.2% | -3.7M shares |
DQ has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
DQ hasn't bought back shares in the past year.
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 | — |
DQ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | -88.8x | Net Cash |
| Q3 2024 | -13.5x | Net Cash |
| Q2 2024 | -5.5x | Net Cash |
| Q1 2024 | -4.8x | Net Cash |
| Q4 2023 | -3.1x | Net Cash |
| Q3 2023 | -2.3x | Net Cash |
| Q2 2023 | -1.5x | Net Cash |
| Q1 2023 | -1.4x | Net Cash |
DQ 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.
DQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.5 | Neutral |
| Stochastic | 32.4 | Neutral |
DQ's weekly RSI is 40 (neutral) and its Stochastic is 32 (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).
DQ PE vs Technology Sector
| Metric | DQ | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
DQ 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.
DQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.1 | 3.1% above |
| 20 week MA | $12.1 | 5.5% below |
| 50 week MA | $18.5 | 38% below |
| 100 week MA | $19.7 | 42% below |
| 200 week MA | $24.1 | 53% below |
DQ has stronger trend alignment. DQ is above 1 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.
DQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.3 | $54.8 | +430% |
| 2021 | $54.8 | $38.9 | -29% |
| 2022 | $38.9 | $40.5 | +4.1% |
| 2023 | $40.5 | $26.6 | -34% |
| 2024 | $26.6 | $19.3 | -28% |
| 2025 | $19.3 | $31.8 | +65% |
| 2026 YTD | $31.8 | $11.4 | -64% |
DQ has finished lower in three of the last six years. It's down 64% 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 DQ on returns for 2026, with the stronger performance.