KC
Kingsoft Cloud Holdings Limited
KC has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over KC overall, supported by stronger modeled upside and stronger fundamentals.
KC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Stable | |
| Strong |
KC's revenue and balance sheet are currently strong, and its profitability and cash flow are stable.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
KC PE Valuation
KC 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.
KC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect KC's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
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.
KC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.31 | +$0.92 |
| Q1 2026 | -$0.53 | +$0.65 |
| Q4 2025 | -$0.54 | +$0.67 |
| Q3 2025 | -$0.58 | +$0.69 |
| Q2 2025 | -$1.23 | -$0.11 |
| Q1 2025 | -$1.18 | +$0.04 |
| Q4 2024 | -$1.21 | +$0.17 |
| Q3 2024 | -$1.27 | -$0.04 |
KC is still losing money, but far less than before: $0.31 per share over the past year, against $3.31 at its worst in early 2020.
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 KC in the latest year-over-year earnings comparison.
KC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $459.7M | +30% |
| Q1 2026 | $405.8M | +37% |
| Q4 2025 | $414.4M | +24% |
| Q3 2025 | $371.9M | +31% |
| Q2 2025 | $352.6M | +24% |
| Q1 2025 | $295.6M | +11% |
| Q4 2024 | $335M | +30% |
| Q3 2024 | $283M | +16% |
KC's revenue has grown year over year for nine quarters in a row: $460M last quarter, up 30% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 0.8% | +15 points |
| Q1 2026 | -6.1% | +5.8 points |
| Q4 2025 | 6.5% | +8.7 points |
| Q3 2025 | -5.9% | +6 points |
| Q2 2025 | -14% | +0.8 points |
| Q1 2025 | -12% | +3.5 points |
| Q4 2024 | -2.2% | +18 points |
| Q3 2024 | -12% | +38 points |
KC's operating margin was 0.8% last quarter, up 15 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 KC on profitability, with a higher operating margin.
KC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $427.8M | +95% |
| Q1 2026 | $80.1M | +$142.9M |
| Q4 2025 | -$555.2M | -749% |
| Q3 2025 | $257.6M | +652% |
| Q2 2025 | $219.1M | +866% |
| Q1 2025 | -$62.8M | -$14.6M |
| Q4 2024 | $85.6M | +$377M |
| Q3 2024 | $34.3M | +1021% |
KC generated $210M in free cash flow over the past year, down 24% 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.
KC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -3.6M shares |
| 1 year | +21% | +51.6M shares |
| 3 years | +26% | +62.4M shares |
| 5 years | +34% | +75.6M shares |
| Available history | +401% | +240M shares |
KC has 300M diluted shares, up 21% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
KC 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 the edge over KC 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 | — |
KC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.2x | Very low |
KC'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 KC on leverage, with a lower net debt burden relative to earnings.
KC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.3 | Neutral |
| Stochastic | 8.2 | Oversold |
KC's weekly RSI is 37 (neutral) and its Stochastic is 8 (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).
KC PE vs Technology Sector
KC 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.
KC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.63 | 8.9% below |
| 20 week MA | $9.79 | 20% below |
| 50 week MA | $11.7 | 33% below |
| 100 week MA | $12.7 | 38% below |
| 200 week MA | $8.48 | 7.3% below |
SNDK has stronger trend alignment. KC is above 0 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.
KC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $23.8 | $45.3 | +90% |
| 2021 | $45.3 | $15.5 | -66% |
| 2022 | $15.5 | $3.45 | -78% |
| 2023 | $3.45 | $3.78 | +9.6% |
| 2024 | $3.78 | $12.6 | +233% |
| 2025 | $12.6 | $10.7 | -15% |
| 2026 YTD | $10.7 | $7.86 | -27% |
KC's yearly returns have swung widely, from +233% in 2024 to −78% in 2022. It's down 27% 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 KC on returns for 2026, with the stronger performance.