SNDK
Sandisk Corporation
SNDK has the edge over SYNA overall, supported by stronger fundamentals and stronger modeled upside.
SYNA
Synaptics Incorporated
SYNA 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.
SYNA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Stable | |
| Weak |
SYNA's revenue and cash flow are currently stable, but its profitability and balance sheet are under pressure.
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.
SYNA PE Valuation
SYNA 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.
SYNA Forward outlook
There aren't enough analyst estimates for SYNA 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 SYNA in the latest year-over-year earnings comparison.
SYNA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$12.54 | -$11.37 |
| Q2 2026 | -$12.62 | -$11.40 |
| Q1 2024 | -$2.69 | -161% |
| Q4 2023 | -$1.97 | -134% |
| Q3 2023 | -$1.19 | -117% |
| Q2 2023 | $1.83 | -71% |
| Q1 2023 | $4.44 | -6.3% |
| Q4 2022 | $5.77 | +65% |
SYNA lost $12.54 per share over the past year, a bigger loss than the year before.
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 SYNA on profitability, with a higher operating margin.
SYNA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $294M | +0.5% |
| Q2 2026 | $308M | +8.9% |
| Q1 2026 | $294.2M | +10% |
| Q4 2025 | $302.5M | +13% |
| Q3 2025 | $292.5M | +14% |
| Q2 2025 | $282.8M | +14% |
| Q1 2025 | $266.6M | +12% |
| Q4 2024 | $267.2M | +13% |
SYNA's revenue has grown year over year for 10 quarters in a row: $294M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4.3% | +3.6 points |
| Q2 2026 | -5.2% | +3.3 points |
| Q1 2026 | -4.3% | +5.5 points |
| Q4 2025 | -5% | +0.7 points |
| Q3 2025 | -7.9% | +3.1 points |
| Q2 2025 | -8.6% | +4 points |
| Q1 2025 | -9.9% | -2.5 points |
| Q4 2024 | -5.7% | +1.9 points |
SYNA's operating margin was −4.3% last quarter, up 3.6 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 edge over SYNA on cash flow, with more consistent year-over-year improvement.
SYNA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$18.6M | -203% |
| Q2 2026 | $55.3M | +9.3% |
| Q1 2026 | $9.9M | -85% |
| Q4 2025 | $18.2M | +0.6% |
| Q3 2025 | $18M | +$38.5M |
| Q2 2025 | $50.6M | -12% |
| Q1 2025 | $68M | +$90.7M |
| Q4 2024 | $18.1M | -37% |
SYNA usually generates cash, though not every quarter: the latest was −$19M, but it generated $65M over the past year.
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 | — |
SYNA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.3% | +500K shares |
| 1 year | +1.5% | +600K shares |
| 3 years | -3.2% | -1.3M shares |
| 5 years | +15% | +5M shares |
SYNA has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $10.1M |
| Q1 2026 | $39M |
| Q4 2025 | $36.4M |
| Q3 2025 | $7.2M |
| Q2 2025 | $16M |
| Q1 2025 | $37.8M |
| Q2 2024 | — |
SYNA spent $86M buying back its own shares over the past year.
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 SYNA on leverage, with a lower net debt burden relative to earnings.
SYNA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 8.7x | High |
| Q2 2026 | 6.7x | High |
| Q3 2023 | 4.7x | High |
| Q2 2023 | 0.3x | Very low |
| Q1 2023 | 0.2x | Very low |
| Q4 2022 | 0.4x | Very low |
| Q3 2022 | 0.3x | Very low |
| Q2 2022 | 0.4x | Very low |
SYNA's net debt is about 8.7 years of its operating earnings (EBITDA), up from less than a year 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).
SYNA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.4 | Neutral |
| Stochastic | 86.8 | Overbought |
SYNA's weekly RSI is 56 (neutral) and its Stochastic is 87 (overbought).
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.
SYNA PE vs Technology Sector
| Metric | SYNA | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
SYNA 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 |
SYNA has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus SYNA above 5 of 5.
SYNA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $116.3 | 1.4% above |
| 20 week MA | $110.6 | 6.7% above |
| 50 week MA | $100.8 | 17% above |
| 100 week MA | $83.8 | 41% above |
| 200 week MA | $88.2 | 34% above |
SYNA has climbed back above all five of its weekly moving averages, and it's now 34% above 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 SYNA on returns for 2026, with the stronger performance.
SYNA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $66.9 | $86.2 | +29% |
| 2021 | $86.2 | $278.3 | +223% |
| 2022 | $278.3 | $94.2 | -66% |
| 2023 | $94.2 | $114.1 | +21% |
| 2024 | $114.1 | $77.2 | -32% |
| 2025 | $77.2 | $73.5 | -4.9% |
| 2026 YTD | $73.5 | $118.0 | +61% |
SYNA's yearly returns have swung widely, from +223% in 2021 to −66% in 2022. It's up 61% so far in 2026.