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.
SONM
DNA X, Inc.
There isn't enough reported data to score SONM yet.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
SONM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Unavailable | |
| Strong |
SONM's balance sheet is currently strong, and its revenue is stable, but its profitability is weak. There isn't enough data to rate its cash flow.
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.
SONM PE Valuation
SONM has no meaningful PE right now: it lost money over the past year.
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.
SONM Forward outlook
There aren't enough analyst estimates for SONM to show an outlook.
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 SONM in the latest year-over-year earnings comparison.
SONM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$23.78 | +$90.70 |
| Q1 2026 | -$37.08 | +$88.56 |
| Q4 2025 | -$40.65 | +$99.03 |
| Q3 2025 | -$109.95 | -$57.21 |
| Q2 2025 | -$114.48 | -$72.90 |
| Q1 2025 | -$125.64 | -$111.24 |
| Q4 2024 | -$139.68 | -$139.68 |
| Q3 2024 | -$52.74 | -26470% |
SONM is still losing money, but far less than before: $23.78 per share over the past year, against $2,664.00 at its worst in early 2020.
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 stronger quarterly revenue trend. Revenue is up 378% for SNDK versus up 7.9% for SONM.
| 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's operating margin was 80% last quarter, up 72 points from the same quarter a year ago, near the top of its range since 2023.
SONM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2025 | $16.2M | +7.9% |
| Q2 2025 | $11.2M | -2.8% |
| Q1 2025 | $16.7M | -0.3% |
| Q4 2024 | $15M | +12% |
| Q3 2024 | $15M | -46% |
| Q2 2024 | $11.5M | -57% |
| Q1 2024 | $16.8M | -35% |
| Q4 2023 | $13.4M | -44% |
SONM's revenue is recovering but still below its 2019 peak: $16M last quarter, up 7.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2025 | -25% | -8.7 points |
| Q2 2025 | -60% | -4 points |
| Q1 2025 | 3.9% | +20 points |
| Q4 2024 | -148% | -138 points |
| Q3 2024 | -16% | -18 points |
| Q2 2024 | -56% | -59 points |
| Q1 2024 | -16% | -17 points |
| Q4 2023 | -9.3% | -5 points |
SONM's operating margin was −25% last quarter, down 8.7 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 has the stronger cash trend. Its trailing FCF is up 762% versus its history, compared with SONM at up 7.7%.
SONM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | -$2M | +$2.5M |
| Q4 2024 | -$4.5M | -$4.2M |
| Q3 2024 | -$554K | -$249K |
| Q4 2023 | -$363K | +$1.9M |
| Q3 2023 | -$305K | +$10M |
| Q4 2022 | -$2.2M | +$15.4M |
| Q4 2021 | -$17.6M | -$7.9M |
| Q4 2020 | -$9.7M | -$4.9M |
SONM has burned cash in most quarters: −$12M over the past year, against −$5M 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 SONM 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 | — |
SONM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +6.8% | +85.8K shares |
| 1 year | +314% | +1M shares |
| 3 years | +574% | +1.2M shares |
| 5 years | +11696% | +1.3M shares |
SONM has 1M diluted shares, up 314% from 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 more cash than debt.
SONM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2023 | -3.5x | Net Cash |
| Q3 2023 | -2.6x | Net Cash |
| Q2 2023 | -7.7x | Net Cash |
SONM has more cash than debt.
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).
SONM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.0 | Neutral |
| Stochastic | 7.9 | Oversold |
SONM's weekly RSI is 37 (neutral) and its Stochastic is 8 (oversold).
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.
SONM PE vs Technology Sector
| Metric | SONM | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
SONM has no meaningful PE right now: it lost money over the past year.
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 |
SONM has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus SONM above 0 of 5.
SONM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.15 | 24% below |
| 20 week MA | $3.34 | 29% below |
| 50 week MA | $4.11 | 42% below |
| 100 week MA | $15.1 | 84% below |
| 200 week MA | $65.4 | 96% below |
SONM is in a downtrend: it's below all five of its weekly moving averages, and 96% 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 SONM on returns for 2026, with the stronger performance.
SONM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6,606.0 | $1,165.3 | -82% |
| 2021 | $1,165.3 | $180.0 | -85% |
| 2022 | $180.0 | $79.2 | -56% |
| 2023 | $79.2 | $132.3 | +67% |
| 2024 | $132.3 | $55.4 | -58% |
| 2025 | $55.4 | $3.30 | -94% |
| 2026 YTD | $3.30 | $2.38 | -28% |
SONM has finished lower in five of the last six years. It's down 28% so far in 2026.