SMSI
Smith Micro Software, Inc.
SMSI has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over SMSI overall, supported by stronger fundamentals and stronger modeled upside.
SMSI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Under pressure | |
| Strong |
SMSI's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
SMSI PE Valuation
SMSI 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.
SMSI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect SMSI's losses to shrink, with revenue growing.
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.
SMSI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | -$26.40 | -$9.20 |
| Q2 2024 | -$26.90 | -$8.90 |
| Q1 2024 | -$27.20 | -$6.80 |
| Q4 2023 | -$15.20 | +$6.00 |
| Q3 2023 | -$17.20 | +$2.00 |
| Q2 2023 | -$18.00 | +$10.80 |
| Q1 2023 | -$20.40 | +$6.40 |
| Q4 2022 | -$21.20 | +$3.20 |
SMSI is still losing money, but far less than before: $2.32 per share over the past year, against $28.80 at its worst in mid-2022.
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 SMSI in the latest year-over-year earnings comparison.
SMSI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5M | +15% |
| Q2 2026 | $4.3M | -1.8% |
| Q1 2026 | $4.2M | -8.7% |
| Q4 2025 | $4M | -20% |
| Q3 2025 | $4.3M | -6.5% |
| Q2 2025 | $4.4M | -14% |
| Q1 2025 | $4.6M | -20% |
| Q4 2024 | $5M | -42% |
SMSI's revenue is recovering but still below its 2021 peak: $5M last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -29% | +74 points |
| Q2 2026 | -55% | +284 points |
| Q1 2026 | -80% | +33 points |
| Q4 2025 | -110% | -20 points |
| Q3 2025 | -103% | +37 points |
| Q2 2025 | -338% | -203 points |
| Q1 2025 | -113% | +430 points |
| Q4 2024 | -90% | -23 points |
SMSI's operating margin was −29% last quarter, up 74 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 SMSI 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 SMSI on profitability, with a higher operating margin.
SMSI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$192K | +$2M |
| Q2 2026 | -$943K | +$1.4M |
| Q1 2026 | -$3.8M | -$3.2M |
| Q4 2025 | -$2.2M | +$2.7M |
| Q3 2025 | -$2.2M | +$1.7M |
| Q2 2025 | -$2.3M | +$1.9M |
| Q1 2025 | -$606K | +$743K |
| Q4 2024 | -$4.9M | -$3.9M |
SMSI has burned cash in most quarters: −$7M over the past year, against −$10M 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 SMSI on cash generation, producing positive trailing cash flow while its opponent burns cash.
SMSI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.2% | +376K shares |
| 1 year | +44% | +1.7M shares |
| 3 years | +263% | +4M shares |
| 5 years | +415% | +4.5M shares |
| Available history | +435% | +4.5M shares |
SMSI has 6M diluted shares, up 44% from a year ago.
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 SMSI 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 | — |
SMSI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2021 | -23.7x | Net Cash |
| Q4 2020 | -3.6x | Net Cash |
| Q3 2020 | -2.5x | Net Cash |
| Q2 2020 | -1.9x | Net Cash |
| Q1 2020 | -1.4x | Net Cash |
| Q4 2019 | -2.5x | Net Cash |
SMSI has more cash than debt.
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.
SMSI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.1 | Neutral |
| Stochastic | 10.8 | Oversold |
SMSI's weekly RSI is 39 (neutral) and its Stochastic is 11 (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).
SMSI PE vs Technology Sector
| Metric | SMSI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
SMSI 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.
SMSI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.45 | 2% below |
| 20 week MA | $2.63 | 8.7% below |
| 50 week MA | $3.04 | 21% below |
| 100 week MA | $3.81 | 37% below |
| 200 week MA | $18.6 | 87% below |
SNDK has stronger trend alignment. SMSI 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.
SMSI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $154.8 | $213.6 | +38% |
| 2021 | $213.6 | $201.6 | -5.6% |
| 2022 | $201.6 | $82.4 | -59% |
| 2023 | $82.4 | $33.1 | -60% |
| 2024 | $33.1 | $7.25 | -78% |
| 2025 | $7.25 | $2.85 | -61% |
| 2026 YTD | $2.85 | $2.40 | -16% |
SMSI has finished five years in a row lower, and it's down 16% 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 SMSI on returns for 2026, with the stronger performance.