IT
Gartner, Inc.
IT has a slight edge over SNDK overall, supported by stronger valuation and lower modeled downside.
SNDK
Sandisk Corporation
SNDK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
IT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Healthy |
IT's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
IT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $191 | — |
| Current | 14x | $191 | — |
| Cheap | 21x | $288 | +51% |
| Fair | 36x | $503 | +164% |
| Expensive | 49x | $692 | +263% |
Historical ranges are pointers, not guarantees.
IT has the edge over SNDK in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
IT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect IT's earnings to grow and its profitability to improve, with its revenue holding steady.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
SNDK has the edge over IT on the outlook, with more favorable revenue expectations.
IT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $16.18 | +15% |
| Q3 2026 | $14.03 | +23% |
| Q2 2026 | $11.15 | -31% |
| Q1 2026 | $10.12 | -37% |
| Q4 2025 | $9.65 | -40% |
| Q3 2025 | $11.37 | -16% |
| Q2 2025 | $16.22 | +54% |
| Q1 2025 | $16.04 | +59% |
| Q4 2024 | $16.00 | +44% |
IT earned $14.03 per share over the past year, up 23% from 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 IT in the latest year-over-year earnings comparison.
IT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | -1.3% |
| Q2 2026 | $1.7B | -0.6% |
| Q1 2026 | $1.5B | -1.5% |
| Q4 2025 | $1.8B | +2.2% |
| Q3 2025 | $1.5B | +2.7% |
| Q2 2025 | $1.7B | +5.7% |
| Q1 2025 | $1.5B | +4.2% |
| Q4 2024 | $1.7B | +8.1% |
IT's revenue grew through 2024 and has held roughly level since: $1.5B last quarter, down 1.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +13 points |
| Q2 2026 | 23% | +3.2 points |
| Q1 2026 | 21% | +2.8 points |
| Q4 2025 | 19% | +0.5 points |
| Q3 2025 | 5.7% | -11 points |
| Q2 2025 | 19% | -0.6 points |
| Q1 2025 | 18% | -0.5 points |
| Q4 2024 | 19% | -0.5 points |
IT's operating margin was 19% last quarter, up 13 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 IT 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 IT on profitability, with a higher operating margin.
IT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $275.2M | +2.2% |
| Q2 2026 | $378.4M | +8.9% |
| Q1 2026 | $370.6M | +29% |
| Q4 2025 | $270.7M | -13% |
| Q3 2025 | $269.3M | -52% |
| Q2 2025 | $347.3M | +2% |
| Q1 2025 | $287.9M | +73% |
| Q4 2024 | $311.4M | +59% |
IT's free cash flow has been positive every quarter for seven years: $1.3B over the past year, up 6.5% 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.
IT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -4% | -2.6M shares |
| 1 year | -15% | -11M shares |
| 3 years | -20% | -15.6M shares |
| 5 years | -25% | -20.8M shares |
| Available history | -30% | -27M shares |
IT has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $138.2M |
| Q2 2026 | $547.1M |
| Q1 2026 | $534.6M |
| Q4 2025 | $498.5M |
| Q3 2025 | $1.1B |
| Q2 2025 | $274.5M |
| Q1 2025 | $162.7M |
| Q4 2024 | $102M |
IT spent $1.7B buying back its own shares over the past year, up 7.8% from the year before.
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 | — |
IT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.9x | Very low |
| Q2 2026 | 1.1x | Healthy |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 1.0x | Healthy |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.4x | Very low |
IT's net debt is less than a year of its operating earnings (EBITDA).
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 the edge over IT on leverage, with a lower net debt burden relative to earnings.
IT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.6 | Neutral |
| Stochastic | 58.0 | Neutral |
IT's weekly RSI is 52 (neutral) and its Stochastic is 58 (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).
IT PE vs Technology Sector
| Metric | IT | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 28x | 51% below |
| PE % | 1 | 35 | 34 pts below |
IT is trading at 14x earnings, a 51% discount 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 IT on valuation relative to its sector.
IT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $201.2 | 5.1% below |
| 20 week MA | $181.2 | 5.3% above |
| 50 week MA | $179.6 | 6.3% above |
| 100 week MA | $277.0 | 31% below |
| 200 week MA | $345.7 | 45% below |
IT has stronger trend alignment. IT 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.
IT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $153.8 | $158.6 | +3.1% |
| 2021 | $158.6 | $325.5 | +105% |
| 2022 | $325.5 | $336.0 | +3.2% |
| 2023 | $336.0 | $451.1 | +34% |
| 2024 | $451.1 | $487.0 | +7.9% |
| 2025 | $487.0 | $252.6 | -48% |
| 2026 YTD | $252.6 | $190.8 | -24% |
IT's yearly returns have swung widely, from +105% in 2021 to −48% in 2025. It's down 24% 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 IT on returns for 2026, with the stronger performance.