NEON
Neonode Inc.
There isn't enough reported data to score NEON yet.
SNDK
Sandisk Corporation
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.
NEON Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Weak | |
| Strong |
NEON's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are weak.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
NEON PE Valuation
NEON 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.
NEON Forward outlook
There aren't enough analyst estimates for NEON to show an outlook.
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.
NEON Earnings Per Share
NEON lost $0.43 per share over the past year, a smaller loss than the year before, but its loss has widened in each of the last three quarters.
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 NEON in the latest year-over-year earnings comparison.
NEON Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $535K | +24% |
| Q2 2026 | $477K | -20% |
| Q1 2026 | $614K | +20% |
| Q4 2025 | $520K | -21% |
| Q3 2025 | $430K | -49% |
| Q2 2025 | $599K | -58% |
| Q1 2025 | $513K | -49% |
| Q4 2024 | $655K | -34% |
NEON's revenue is recovering but still below its 2020 peak: $535,000 last quarter, up 24% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -245% | -3457 points |
| Q2 2026 | -487% | -134 points |
| Q1 2026 | -337% | +46 points |
| Q4 2025 | -455% | -195 points |
| Q3 2025 | 3212% | +3358 points |
| Q2 2025 | -352% | -225 points |
| Q1 2025 | -383% | -161 points |
| Q4 2024 | -260% | +353 points |
NEON's operating margin was −245% last quarter, down 3457 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 NEON 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 NEON on profitability, with a higher operating margin.
NEON Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.6M | -$30K |
| Q2 2026 | -$1.9M | -$172K |
| Q1 2026 | -$2.1M | -$719K |
| Q4 2025 | -$5.6M | -$4.5M |
| Q3 2025 | -$1.6M | -$308K |
| Q1 2025 | -$1.4M | +$515K |
| Q4 2024 | -$1.2M | +$1.1M |
| Q3 2024 | -$1.3M | +$513K |
NEON has burned cash in almost every quarter: −$11M over the past year, against −$6M 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 NEON on cash generation, producing positive trailing cash flow while its opponent burns cash.
NEON Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
NEON has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
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 | — |
NEON Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -3.0x | Net Cash |
| Q1 2026 | -3.2x | Net Cash |
| Q4 2025 | -3.4x | Net Cash |
| Q3 2025 | -1.4x | Net Cash |
NEON 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.
NEON Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.4 | Oversold |
| Stochastic | 12.3 | Oversold |
NEON's weekly RSI is 29 (oversold) and its Stochastic is 12 (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).
NEON PE vs Technology Sector
| Metric | NEON | Sector median | Relative |
|---|---|---|---|
| PE | 1.3x | 28x | 95% below |
| PE % | 0 | 35 | 35 pts below |
NEON has the edge over SNDK on valuation relative to its sector.
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.
NEON Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.76 | 17% below |
| 20 week MA | $0.83 | 24% below |
| 50 week MA | $1.34 | 53% below |
| 100 week MA | $6.23 | 90% below |
| 200 week MA | $5.36 | 88% below |
SNDK has stronger trend alignment. NEON 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.
NEON Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.90 | $7.11 | +274% |
| 2021 | $7.11 | $9.34 | +31% |
| 2022 | $9.34 | $5.60 | -40% |
| 2023 | $5.60 | $2.29 | -59% |
| 2024 | $2.29 | $8.26 | +261% |
| 2025 | $8.26 | $1.93 | -77% |
| 2026 YTD | $1.93 | $0.63 | -67% |
NEON's yearly returns have swung widely, from +274% in 2020 to −77% in 2025. It's down 67% 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 NEON on returns for 2026, with the stronger performance.