NVMI
Nova Ltd.
NVMI has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over NVMI overall, supported by stronger fundamentals.
NVMI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Stable |
NVMI's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
NVMI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $328 | — |
| Cheap | 26x | $211 | -36% |
| Fair | 39x | $313 | -4.5% |
| Current | 41x | $328 | — |
| Expensive | 54x | $433 | +32% |
Historical ranges are pointers, not guarantees.
NVMI's PE is in its fair range at 41x. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its cheap range.
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 NVMI in the historical PE scenario, which offers more potential upside but is not a forecast.
NVMI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for NVMI, 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.
NVMI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.34 | +66% |
| Q2 2026 | $8.05 | +9.5% |
| Q1 2026 | $7.99 | +21% |
| Q4 2025 | $8.01 | +40% |
| Q3 2025 | $7.65 | +43% |
| Q2 2025 | $7.35 | +53% |
| Q1 2025 | $6.61 | +53% |
| Q4 2024 | $5.73 | +34% |
| Q3 2024 | $5.34 | +27% |
NVMI's earnings per share have climbed steadily: $8.05 over the past year, up 9.5% from the year before, and higher year over year for nine 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 NVMI in the latest year-over-year earnings comparison.
NVMI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $255M | +16% |
| Q1 2026 | $235.3M | +10% |
| Q4 2025 | $222.6M | +14% |
| Q3 2025 | $224.6M | +25% |
| Q2 2025 | $220M | +40% |
| Q1 2025 | $213.4M | +50% |
| Q4 2024 | $194.8M | +45% |
| Q3 2024 | $179M | +39% |
NVMI's revenue has grown year over year for 10 quarters in a row: $255M last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 30% | 0 points |
| Q1 2026 | 30% | +0.5 points |
| Q4 2025 | 27% | -1.2 points |
| Q3 2025 | 28% | +0.9 points |
| Q2 2025 | 30% | +0.8 points |
| Q1 2025 | 30% | +3.4 points |
| Q4 2024 | 28% | +3.4 points |
| Q3 2024 | 28% | +1 points |
NVMI's operating margin was 30% last quarter, about level with 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'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 NVMI on profitability, with a higher operating margin.
NVMI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $38.4M | -10% |
| Q1 2026 | $36M | -40% |
| Q4 2025 | $48.4M | -21% |
| Q3 2025 | $66.9M | +55% |
| Q2 2025 | $42.9M | -26% |
| Q1 2025 | $59.7M | +5.3% |
| Q4 2024 | $61M | +191% |
| Q3 2024 | $43.1M | -0.2% |
NVMI's free cash flow has been positive every quarter for seven years: $190M over the past year, down 8.2% 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 has the edge over NVMI on cash flow, with more consistent year-over-year improvement.
NVMI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +11K shares |
| 1 year | +7.5% | +2.4M shares |
| 3 years | +7.9% | +2.5M shares |
| 5 years | +16% | +4.6M shares |
| Available history | +21% | +6M shares |
NVMI has 34M diluted shares, up 7.5% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $15M |
| Q3 2025 | $55M |
| Q2 2025 | $96,440 |
| Q1 2025 | $20M |
| Q4 2024 | $30M |
| Q3 2024 | — |
NVMI spent $70M buying back its own shares over the past year, up 40% 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 the edge over NVMI 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 | — |
NVMI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.1x | Moderate |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 2.0x | Healthy |
| Q3 2025 | 1.2x | Healthy |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.4x | Very low |
| Q4 2024 | 0.3x | Very low |
| Q3 2024 | 0.4x | Very low |
NVMI's net debt is about 2.1 years of its operating earnings (EBITDA), up from less than a year a year ago.
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 NVMI on leverage, with a lower net debt burden relative to earnings.
NVMI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.5 | Neutral |
| Stochastic | 21.0 | Neutral |
NVMI's weekly RSI is 39 (neutral) and its Stochastic is 21 (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).
NVMI PE vs Technology Sector
| Metric | NVMI | Sector median | Relative |
|---|---|---|---|
| PE | 41x | 28x | 46% above |
| PE % | 56 | 35 | 21 pts above |
NVMI is trading at 41x earnings, a 46% premium 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 NVMI on valuation relative to its sector.
NVMI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $337.9 | 3% below |
| 20 week MA | $377.6 | 13% below |
| 50 week MA | $422.9 | 23% below |
| 100 week MA | $336.0 | 2.5% below |
| 200 week MA | $242.9 | 35% above |
NVMI has stronger trend alignment. NVMI 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.
NVMI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $38.1 | $70.3 | +85% |
| 2021 | $70.3 | $137.0 | +95% |
| 2022 | $137.0 | $81.7 | -40% |
| 2023 | $81.7 | $137.4 | +68% |
| 2024 | $137.4 | $200.1 | +46% |
| 2025 | $200.1 | $330.9 | +65% |
| 2026 YTD | $330.9 | $327.6 | -1% |
NVMI has finished higher in five of the last six years, four of them by more than 50%. It's down 1% 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 NVMI on returns for 2026, with the stronger performance.