SNDK
Sandisk Corporation
SNDK has the edge over TSEM overall, supported by stronger valuation and stronger fundamentals.
TSEM
Tower Semiconductor Ltd.
TSEM 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.
TSEM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
TSEM's revenue, profitability, cash flow and balance sheet are all currently healthy.
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 TSEM in the historical PE scenario, which offers more potential upside but is not a forecast.
TSEM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $27.61 | -83% |
| Forward | 25x | $158 | — |
| Fair | 26x | $66.20 | -58% |
| Expensive | 42x | $106 | -33% |
| Current | 62x | $158 | — |
Historical ranges are pointers, not guarantees.
TSEM's PE is in its expensive range at 62x. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its fair 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.
TSEM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for TSEM, with profitability improving. However, they disagree widely on these estimates.
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 TSEM in the latest year-over-year earnings comparison.
TSEM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.34 | +151% |
| Q2 2026 | $2.53 | +45% |
| Q1 2026 | $2.15 | +19% |
| Q4 2025 | $1.93 | +3.8% |
| Q3 2025 | $1.72 | -7% |
| Q2 2025 | $1.74 | -61% |
| Q1 2025 | $1.81 | -59% |
| Q4 2024 | $1.86 | -60% |
| Q3 2024 | $1.85 | -62% |
TSEM's earnings per share have fallen from their peak: $2.53 over the past year, against $4.92 in late 2023.
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 TSEM on profitability, with a higher operating margin.
TSEM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $460.1M | +24% |
| Q1 2026 | $413.6M | +15% |
| Q4 2025 | $440.2M | +14% |
| Q3 2025 | $395.7M | +6.8% |
| Q2 2025 | $372.1M | +5.9% |
| Q1 2025 | $358.2M | +9.5% |
| Q4 2024 | $387.2M | +10% |
| Q3 2024 | $370.5M | +3.4% |
TSEM's revenue has grown year over year for eight quarters in a row: $460M last quarter, up 24% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 20% | +8.9 points |
| Q1 2026 | 16% | +6.4 points |
| Q4 2025 | 16% | +4.1 points |
| Q3 2025 | 13% | -2.3 points |
| Q2 2025 | 11% | -5 points |
| Q1 2025 | 9.2% | -1.2 points |
| Q4 2024 | 12% | -0.8 points |
| Q3 2024 | 15% | -86 points |
TSEM's operating margin was 20% last quarter, up 8.9 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 has the edge over TSEM on cash flow, with more consistent year-over-year improvement.
TSEM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$9.6M | -181% |
| Q1 2026 | $353.6M | +$371.1M |
| Q4 2025 | -$75.3M | -2680% |
| Q3 2025 | $35.9M | +$38.8M |
| Q2 2025 | $11.9M | +2436% |
| Q1 2025 | -$17.5M | -245% |
| Q4 2024 | $2.9M | +$25.6M |
| Q3 2024 | -$2.9M | -101% |
TSEM's free cash flow has turned positive again: $305M over the past year, against −$6M 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 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 | — |
TSEM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +85K shares |
| 1 year | +1% | +1.1M shares |
| 3 years | +2.9% | +3.2M shares |
| 5 years | +4.4% | +4.8M shares |
| Available history | +6.3% | +6.8M shares |
TSEM has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
TSEM hasn't bought back shares in 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 TSEM on leverage, with a lower net debt burden relative to earnings.
TSEM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | -0.2x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.2x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | -0.2x | Net Cash |
| Q3 2024 | -0.1x | Net Cash |
TSEM 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).
TSEM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.7 | Neutral |
| Stochastic | 9.7 | Oversold |
TSEM's weekly RSI is 41 (neutral) and its Stochastic is 10 (oversold).
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 TSEM on valuation relative to its sector.
TSEM PE vs Technology Sector
| Metric | TSEM | Sector median | Relative |
|---|---|---|---|
| PE | 62x | 28x | 124% above |
| PE % | 87 | 35 | 52 pts above |
TSEM is trading at 62x earnings, a 124% premium to the Technology sector's median of 28x.
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 |
TSEM has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus TSEM above 2 of 5.
TSEM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $190.6 | 17% below |
| 20 week MA | $213.0 | 26% below |
| 50 week MA | $191.3 | 17% below |
| 100 week MA | $122.3 | 29% above |
| 200 week MA | $79.4 | 99% above |
TSEM has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 99% 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 TSEM on returns for 2026, with the stronger performance.
TSEM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $24.3 | $25.4 | +4.7% |
| 2021 | $25.4 | $38.4 | +51% |
| 2022 | $38.4 | $43.9 | +14% |
| 2023 | $43.9 | $30.5 | -31% |
| 2024 | $30.5 | $52.1 | +71% |
| 2025 | $52.1 | $121.6 | +134% |
| 2026 YTD | $121.6 | $157.9 | +30% |
TSEM has finished higher in five of the last six years, three of them by more than 50%. It's up 30% so far in 2026.