RMBS
Rambus Inc.
RMBS has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over RMBS overall, supported by stronger fundamentals.
RMBS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
RMBS'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.
RMBS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 22x | $52.39 | -38% |
| Forward | 23x | $84.97 | — |
| Current | 35x | $84.97 | — |
| Fair | 36x | $86.46 | +1.8% |
| Expensive | 119x | $288 | +239% |
Historical ranges are pointers, not guarantees.
RMBS's PE is in its fair range at 35x. If earnings grow as analysts expect, today's price would be 23x 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 RMBS in the historical PE scenario, which offers more potential upside but is not a forecast.
RMBS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for RMBS, 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.
RMBS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.74 | +54% |
| Q3 2026 | $2.43 | +16% |
| Q2 2026 | $2.18 | +3.3% |
| Q1 2026 | $2.10 | +9.9% |
| Q4 2025 | $2.11 | +28% |
| Q3 2025 | $2.10 | +30% |
| Q2 2025 | $2.11 | +0.5% |
| Q1 2025 | $1.91 | -42% |
| Q4 2024 | $1.65 | -45% |
RMBS's earnings per share have fallen from their peak: $2.43 over the past year, against $3.28 in early 2024.
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 RMBS in the latest year-over-year earnings comparison.
RMBS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $218.3M | +22% |
| Q2 2026 | $207.4M | +20% |
| Q1 2026 | $180.2M | +8.1% |
| Q4 2025 | $190.2M | +18% |
| Q3 2025 | $178.5M | +23% |
| Q2 2025 | $172.2M | +30% |
| Q1 2025 | $166.7M | +41% |
| Q4 2024 | $161.1M | +32% |
RMBS's revenue has grown year over year for 11 quarters in a row: $218M last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 38% | +2.9 points |
| Q2 2026 | 35% | -1.5 points |
| Q1 2026 | 34% | -3.6 points |
| Q4 2025 | 37% | +1.3 points |
| Q3 2025 | 35% | -2.2 points |
| Q2 2025 | 37% | +6.1 points |
| Q1 2025 | 38% | +12 points |
| Q4 2024 | 36% | +7.2 points |
RMBS's operating margin was 38% last quarter, up 2.9 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 RMBS on profitability, with a higher operating margin.
RMBS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $95.9M | +16% |
| Q2 2026 | $52.2M | -41% |
| Q1 2026 | $71.6M | +2.9% |
| Q4 2025 | $93.3M | +78% |
| Q3 2025 | $82.5M | +58% |
| Q2 2025 | $87.9M | +49% |
| Q1 2025 | $69.5M | +93% |
| Q4 2024 | $52.5M | -2.9% |
RMBS's free cash flow has been positive every quarter for seven years: $313M over the past year, up 7% 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.
RMBS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -1.2M shares |
| 1 year | -0.5% | -516K shares |
| 3 years | -1.8% | -2M shares |
| 5 years | -4.3% | -4.9M shares |
| Available history | -2.8% | -3.1M shares |
RMBS has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $135.4M |
| Q2 2026 | $387,000 |
| Q1 2026 | $2.6M |
| Q4 2025 | $1.3M |
| Q3 2025 | — |
| Q2 2025 | $3.7M |
| Q1 2025 | $2.2M |
| Q4 2024 | — |
RMBS spent $140M buying back its own shares over the past year, more than ten times what it spent 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 | — |
RMBS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.4x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | -0.7x | Net Cash |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.3x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | -0.5x | Net Cash |
RMBS 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.
RMBS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.4 | Neutral |
| Stochastic | 20.9 | Neutral |
RMBS's weekly RSI is 43 (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).
RMBS PE vs Technology Sector
| Metric | RMBS | Sector median | Relative |
|---|---|---|---|
| PE | 35x | 28x | 26% above |
| PE % | 48 | 35 | 13 pts above |
RMBS is trading at 35x earnings, a 26% 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 RMBS on valuation relative to its sector.
RMBS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $92.7 | 8.3% below |
| 20 week MA | $94.7 | 10% below |
| 50 week MA | $105.6 | 20% below |
| 100 week MA | $87.2 | 2.5% below |
| 200 week MA | $71.2 | 19% above |
RMBS has stronger trend alignment. RMBS 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.
RMBS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.8 | $17.5 | +27% |
| 2021 | $17.5 | $29.0 | +65% |
| 2022 | $29.0 | $36.0 | +24% |
| 2023 | $36.0 | $68.3 | +90% |
| 2024 | $68.3 | $54.2 | -21% |
| 2025 | $54.2 | $94.1 | +74% |
| 2026 YTD | $94.1 | $85.0 | -9.7% |
RMBS has finished higher in five of the last six years, three of them by more than 50%. It's down 9.7% 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 RMBS on returns for 2026, with the stronger performance.