GRMN
Garmin Ltd.
GRMN has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over GRMN overall, supported by stronger valuation and stronger fundamentals.
GRMN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
GRMN'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.
GRMN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $200 | -30% |
| Fair | 23x | $242 | -16% |
| Forward | 26x | $286 | — |
| Expensive | 27x | $284 | -0.9% |
| Current | 27x | $286 | — |
Historical ranges are pointers, not guarantees.
GRMN's PE is in its expensive range at 27x. If earnings grow as analysts expect, today's price would be 26x 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 GRMN in the historical PE scenario, which offers more potential upside but is not a forecast.
GRMN Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for GRMN, with profitability improving.
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.
GRMN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.12 | +6.8% |
| Q3 2026 | $10.41 | +28% |
| Q2 2026 | $9.69 | +20% |
| Q1 2026 | $8.96 | +18% |
| Q4 2025 | $8.59 | +18% |
| Q3 2025 | $8.11 | +2.9% |
| Q2 2025 | $8.10 | +13% |
| Q1 2025 | $7.59 | +7.1% |
| Q4 2024 | $7.30 | +8.8% |
GRMN's earnings per share have climbed steadily: $10.41 over the past year, up 28% from the year before, and higher year over year for 13 quarters in a row.
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 GRMN in the latest year-over-year earnings comparison.
GRMN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | +12% |
| Q2 2026 | $2B | +11% |
| Q1 2026 | $1.8B | +14% |
| Q4 2025 | $2.1B | +17% |
| Q3 2025 | $1.8B | +12% |
| Q2 2025 | $1.8B | +20% |
| Q1 2025 | $1.5B | +11% |
| Q4 2024 | $1.8B | +23% |
GRMN's revenue has grown year over year for 14 quarters in a row: $2B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 31% | +5 points |
| Q2 2026 | 30% | +4.4 points |
| Q1 2026 | 25% | +2.9 points |
| Q4 2025 | 29% | +0.6 points |
| Q3 2025 | 26% | -1.8 points |
| Q2 2025 | 26% | +3.3 points |
| Q1 2025 | 22% | +0.1 points |
| Q4 2024 | 28% | +5.4 points |
GRMN's operating margin was 31% last quarter, up 5 points from the same quarter a year ago, near the top of its range since 2019.
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 GRMN on profitability, with a higher operating margin.
GRMN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $293.3M | -31% |
| Q2 2026 | $275.8M | +116% |
| Q1 2026 | $469.4M | +23% |
| Q4 2025 | $429.6M | +7.6% |
| Q3 2025 | $425.1M | +94% |
| Q2 2025 | $127.5M | -42% |
| Q1 2025 | $380.7M | -5.3% |
| Q4 2024 | $399.2M | -4.3% |
GRMN's free cash flow has been positive every quarter for seven years: $1.5B over the past year, up 10% 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.
GRMN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +146K shares |
| 1 year | 0% | +84K shares |
| 3 years | +1.1% | +2M shares |
| 5 years | +0.4% | +807K shares |
| Available history | +1.4% | +2.7M shares |
GRMN has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
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 | — |
GRMN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.8x | Net Cash |
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | -1.1x | Net Cash |
| Q4 2025 | -1.1x | Net Cash |
| Q3 2025 | -1.1x | Net Cash |
| Q2 2025 | -1.1x | Net Cash |
| Q1 2025 | -1.2x | Net Cash |
| Q4 2024 | -1.2x | Net Cash |
GRMN 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.
GRMN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.5 | Neutral |
| Stochastic | 44.8 | Neutral |
GRMN's weekly RSI is 56 (neutral) and its Stochastic is 45 (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).
GRMN PE vs Technology Sector
| Metric | GRMN | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 1.3% below |
| PE % | 86 | 35 | 51 pts above |
GRMN is trading at 27x earnings, in line with 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 GRMN on valuation relative to its sector.
GRMN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $283.3 | 1% above |
| 20 week MA | $278.6 | 2.7% above |
| 50 week MA | $248.6 | 15% above |
| 100 week MA | $232.3 | 23% above |
| 200 week MA | $183.4 | 56% above |
GRMN has stronger trend alignment. GRMN is above 5 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.
GRMN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $98.5 | $120.2 | +22% |
| 2021 | $120.2 | $134.5 | +12% |
| 2022 | $134.5 | $91.3 | -32% |
| 2023 | $91.3 | $128.5 | +41% |
| 2024 | $128.5 | $209.4 | +63% |
| 2025 | $209.4 | $205.5 | -1.8% |
| 2026 YTD | $205.5 | $286.2 | +39% |
GRMN has finished higher in four of the last six years. It's up 39% 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 GRMN on returns for 2026, with the stronger performance.