SNDK
Sandisk Corporation
SNDK has the edge over SNPS overall, supported by stronger fundamentals and stronger modeled upside.
SNPS
Synopsys, Inc.
SNPS has lower modeled downside risk, despite its lower overall score.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
SNPS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Strong | |
| Stable |
SNPS's revenue and cash flow are currently healthy, and its profitability and balance sheet are stable.
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 SNPS in the historical PE scenario, which offers more potential upside but is not a forecast.
SNPS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $463 | — |
| Cheap | 43x | $244 | -47% |
| Fair | 56x | $322 | -30% |
| Expensive | 69x | $396 | -15% |
| Current | 81x | $463 | — |
Historical ranges are pointers, not guarantees.
SNPS's PE is in its expensive range at 81x, but its recent earnings include one-off gains. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its cheap range.
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.
SNPS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for SNPS, with profitability improving.
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 SNPS in the latest year-over-year earnings comparison.
SNPS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $18.70 | +228% |
| Q3 2026 | $5.71 | -55% |
| Q2 2026 | $4.37 | -68% |
| Q1 2026 | $6.49 | -52% |
| Q4 2025 | $8.04 | -45% |
| Q3 2025 | $12.73 | +32% |
| Q2 2025 | $13.84 | +51% |
| Q1 2025 | $13.51 | +49% |
| Q4 2024 | $14.51 | +83% |
SNPS's earnings per share have fallen from their peak: $5.71 over the past year, against $14.51 in late 2024. Its recent earnings include one-off gains.
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 SNPS on sales, with stronger typical year-over-year growth.
| 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 SNPS on profitability, with a higher operating margin.
SNPS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.5B | +42% |
| Q2 2026 | $2.3B | +42% |
| Q1 2026 | $2.4B | +66% |
| Q4 2025 | $2.3B | +38% |
| Q3 2025 | $1.7B | +14% |
| Q2 2025 | $1.6B | +10% |
| Q1 2025 | $1.5B | -12% |
| Q4 2024 | $1.6B | +2.3% |
SNPS's revenue has grown year over year for six quarters in a row: $2.5B last quarter, up 42% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +4.9 points |
| Q2 2026 | 5.3% | -18 points |
| Q1 2026 | 8.4% | -8.9 points |
| Q4 2025 | 5.4% | -14 points |
| Q3 2025 | 9.5% | -14 points |
| Q2 2025 | 23% | +0.6 points |
| Q1 2025 | 17% | -4.5 points |
| Q4 2024 | 19% | -7.9 points |
SNPS's operating margin was 14% last quarter, up 4.9 points from the same quarter a year ago.
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.
SNPS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $746.3M | +18% |
| Q2 2026 | $574.7M | +162% |
| Q1 2026 | $821.5M | +$929.7M |
| Q4 2025 | $605.2M | +8.4% |
| Q3 2025 | $632.4M | +52% |
| Q2 2025 | $219.8M | -50% |
| Q1 2025 | -$108.2M | +$20M |
| Q4 2024 | $558.4M | +105% |
SNPS has the edge over SNDK on cash flow, with more consistent year-over-year improvement.
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 SNPS 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 | — |
SNPS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +175K shares |
| 1 year | +19% | +30.6M shares |
| 3 years | +24% | +37.4M shares |
| 5 years | +23% | +35.4M shares |
| Available history | +25% | +38.1M shares |
SNPS has 192M diluted shares, up 19% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $37.5M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | $300M |
| Q3 2023 | $300M |
| Q2 2023 | $300M |
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 SNPS on leverage, with a lower net debt burden relative to earnings.
SNPS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 3.7x | Elevated |
| Q1 2026 | 4.1x | High |
| Q4 2025 | 6.7x | High |
| Q3 2025 | 8.3x | High |
| Q2 2025 | -2.6x | Net Cash |
| Q1 2025 | -2.4x | Net Cash |
| Q4 2024 | -2.3x | Net Cash |
SNPS's net debt is about 2.5 years of its operating earnings (EBITDA), down from 8.3 years a year ago.
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).
SNPS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.8 | Neutral |
| Stochastic | 65.2 | Neutral |
SNPS's weekly RSI is 53 (neutral) and its Stochastic is 65 (neutral).
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 SNPS on valuation relative to its sector.
SNPS PE vs Technology Sector
| Metric | SNPS | Sector median | Relative |
|---|---|---|---|
| PE | 81x | 28x | 191% above |
| PE % | 95 | 35 | 60 pts above |
SNPS is trading at 81x earnings, a 191% premium to the Technology sector's median of 28x, though its recent earnings include one-off gains.
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 |
SNPS has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus SNPS above 3 of 5.
SNPS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $461.4 | 0.3% above |
| 20 week MA | $428.7 | 7.9% above |
| 50 week MA | $447.4 | 3.4% above |
| 100 week MA | $469.7 | 1.5% below |
| 200 week MA | $479.9 | 3.6% below |
SNPS has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 3.6% below its 200-week average.
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 SNPS on returns for 2026, with the stronger performance.
SNPS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $140.6 | $256.3 | +82% |
| 2021 | $256.3 | $366.2 | +43% |
| 2022 | $366.2 | $320.2 | -13% |
| 2023 | $320.2 | $514.9 | +61% |
| 2024 | $514.9 | $490.9 | -4.7% |
| 2025 | $490.9 | $477.1 | -2.8% |
| 2026 YTD | $477.1 | $462.7 | -3% |
SNPS has finished lower in three of the last six years. It's down 3% so far in 2026.