SNDK
Sandisk Corporation
SNDK has the edge over TSAT overall, supported by stronger fundamentals and stronger modeled upside.
TSAT
Telesat Corporation
TSAT 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.
TSAT Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Weak | |
| Weak |
TSAT's revenue, profitability, cash flow and balance sheet are all currently 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.
TSAT PE Valuation
TSAT 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 |
SNDK has the edge over TSAT on the outlook, with more favorable revenue expectations.
TSAT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong decline | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect TSAT's losses to shrink, with revenue declining.
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 TSAT in the latest year-over-year earnings comparison.
TSAT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$17.44 | -$12.21 |
| Q1 2026 | -$8.80 | -$4.32 |
| Q4 2025 | -$7.43 | -$2.95 |
| Q3 2025 | -$7.77 | -574% |
| Q2 2025 | -$5.23 | -826% |
| Q1 2025 | -$4.48 | -166% |
| Q4 2024 | -$4.48 | -156% |
| Q3 2024 | $1.64 | -82% |
TSAT lost $17.44 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 has the edge over TSAT 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 TSAT on profitability, with a higher operating margin.
TSAT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $55.9M | -25% |
| Q1 2026 | $61.4M | -25% |
| Q4 2025 | $66.1M | -27% |
| Q3 2025 | $71M | -27% |
| Q2 2025 | $74.6M | -30% |
| Q1 2025 | $82.1M | -23% |
| Q4 2024 | $90M | -23% |
| Q3 2024 | $97.3M | -21% |
TSAT's revenue has slid since its 2019 peak: $56M last quarter, down 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -16% | -33 points |
| Q1 2026 | 3.5% | -23 points |
| Q4 2025 | -381% | -204 points |
| Q3 2025 | 5.9% | -37 points |
| Q2 2025 | 17% | -24 points |
| Q1 2025 | 26% | -17 points |
| Q4 2024 | -178% | -172 points |
| Q3 2024 | 43% | +0.1 points |
TSAT's operating margin was −16% last quarter, down 33 points from the same quarter a year ago, near the bottom of its range since 2019.
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 TSAT on cash generation, producing positive trailing cash flow while its opponent burns cash.
TSAT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$165.1M | -$118.8M |
| Q1 2026 | -$80.4M | -210% |
| Q4 2025 | -$49.5M | -$36.5M |
| Q3 2025 | -$29.3M | -$16.3M |
| Q2 2025 | -$46.3M | -$31.1M |
| Q1 2025 | $73.2M | +82% |
| Q4 2024 | -$13M | -$10.9M |
| Q3 2024 | -$13M | -$12.5M |
TSAT's free cash flow has turned negative after years in the green: −$324M 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 | — |
TSAT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.6% | +240K shares |
| 1 year | -8.1% | -1.3M shares |
| 3 years | +10% | +1.4M shares |
TSAT has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q2 2025 | $1.1M |
| Q1 2025 | $4.8M |
| Q4 2024 | $1.6M |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
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.
TSAT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2025 | 48.8x | High |
| Q4 2024 | 38.5x | High |
| Q3 2024 | 3.0x | Moderate |
| Q2 2024 | 2.7x | Moderate |
| Q1 2024 | 1.5x | Healthy |
| Q4 2023 | 1.4x | Healthy |
| Q3 2023 | 0.9x | Very low |
| Q2 2023 | 1.5x | Healthy |
TSAT's net debt is more than 20 years of its operating earnings (EBITDA), up from 1.4 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).
TSAT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.8 | Neutral |
| Stochastic | 28.4 | Neutral |
TSAT's weekly RSI is 52 (neutral) and its Stochastic is 28 (neutral).
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.
TSAT PE vs Technology Sector
| Metric | TSAT | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
TSAT 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 |
TSAT has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus TSAT above 5 of 5.
TSAT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.6 | 1.7% above |
| 20 week MA | $44.8 | 1.3% above |
| 50 week MA | $41.0 | 11% above |
| 100 week MA | $31.2 | 45% above |
| 200 week MA | $20.8 | 119% above |
TSAT is in an uptrend: it's above all five of its weekly moving averages, and 119% 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 TSAT on returns for 2026, with the stronger performance.
TSAT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.8 | $21.3 | -35% |
| 2021 | $21.3 | $31.9 | +50% |
| 2022 | $31.9 | $6.92 | -78% |
| 2023 | $6.92 | $10.4 | +51% |
| 2024 | $10.4 | $16.4 | +57% |
| 2025 | $16.4 | $29.2 | +78% |
| 2026 YTD | $29.2 | $45.4 | +56% |
TSAT has finished higher in four of the last six years, three of them by more than 50%. It's up 56% so far in 2026.