SNDK
Sandisk Corporation
SNDK has the edge over TUYA overall, supported by stronger modeled upside and stronger fundamentals.
TUYA
Tuya Inc.
TUYA 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.
TUYA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Strong |
TUYA'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's PE is 7.5x, but its earnings don't support one, so it isn't a reliable read right now.
TUYA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 12x | $1.61 | — |
| Cheap | 18x | $2.46 | +53% |
| Fair | 28x | $3.86 | +140% |
| Expensive | 74x | $10.36 | +543% |
Historical ranges are pointers, not guarantees.
TUYA has the edge over SNDK in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
TUYA Forward outlook
There aren't enough analyst estimates for TUYA 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 TUYA in the latest year-over-year earnings comparison.
TUYA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.14 | +180% |
| Q1 2026 | $0.10 | +233% |
| Q4 2025 | $0.09 | +800% |
| Q3 2025 | $0.08 | +$0.11 |
| Q2 2025 | $0.05 | +$0.08 |
| Q1 2025 | $0.03 | +$0.11 |
| Q4 2024 | $0.01 | +$0.12 |
| Q3 2024 | -$0.03 | +$0.10 |
TUYA's earnings per share have climbed steadily: $0.14 over the past year, up 180% from the year before, and higher year over year for 15 quarters in a row. 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'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 TUYA on profitability, with a higher operating margin.
TUYA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $173.8M | +117% |
| Q1 2026 | $81.1M | +8.6% |
| Q4 2025 | $84.9M | +3.4% |
| Q3 2025 | $82.6M | +1.2% |
| Q2 2025 | $80.1M | +9.3% |
| Q1 2025 | $74.7M | +21% |
| Q4 2024 | $82.1M | +27% |
| Q3 2024 | $81.6M | +34% |
TUYA's revenue has grown year over year for 12 quarters in a row: $174M last quarter, up 117% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 9.7% | +8.3 points |
| Q1 2026 | 5.2% | +7.1 points |
| Q4 2025 | 6.4% | +11 points |
| Q3 2025 | 0.7% | +22 points |
| Q2 2025 | 1.4% | +16 points |
| Q1 2025 | -1.9% | +25 points |
| Q4 2024 | -4.6% | +32 points |
| Q3 2024 | -21% | +9.3 points |
TUYA's operating margin was 9.7% last quarter, up 8.3 points from the same quarter a year ago, near the top 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 generated $17.4B in free cash flow over the past year, more than ten times what it generated the year before.
TUYA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $6.2M | +$6.2M |
| Q1 2026 | $6.4M | +$6.4M |
| Q4 2025 | $16.4M | +$16.4M |
| Q3 2025 | $30M | +$30M |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | -100% |
| Q3 2024 | $0 | -100% |
TUYA 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 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 | — |
TUYA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +1% | +5.8M shares |
| 3 years | +11% | +61.4M shares |
| 5 years | +9.9% | +55.4M shares |
| Available history | +11% | +60.6M shares |
TUYA has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $24,000 |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
TUYA has spent almost nothing on buybacks 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 more cash than debt.
TUYA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -9.4x | Net Cash |
| Q1 2026 | -13.0x | Net Cash |
| Q4 2025 | -13.6x | Net Cash |
TUYA has the edge over SNDK on leverage, with a lower net debt burden relative to earnings.
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).
TUYA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.2 | Neutral |
| Stochastic | 12.0 | Oversold |
TUYA's weekly RSI is 36 (neutral) and its Stochastic is 12 (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 TUYA on valuation relative to its sector.
TUYA PE vs Technology Sector
| Metric | TUYA | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 28x | 58% below |
| PE % | 1 | 41 | 40 pts below |
TUYA is trading at 12x earnings, a 58% discount 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 |
TUYA has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus TUYA above 0 of 5.
TUYA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.65 | 2.4% below |
| 20 week MA | $1.73 | 6.9% below |
| 50 week MA | $2.03 | 21% below |
| 100 week MA | $2.27 | 29% below |
| 200 week MA | $2.04 | 21% below |
TUYA is in a downtrend: it's below all five of its weekly moving averages, and 21% 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 TUYA on returns for 2026, with the stronger performance.
TUYA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $25.1 | $6.40 | -75% |
| 2022 | $6.40 | $1.79 | -72% |
| 2023 | $1.79 | $2.30 | +28% |
| 2024 | $2.30 | $1.78 | -23% |
| 2025 | $1.78 | $2.21 | +24% |
| 2026 YTD | $2.21 | $1.61 | -27% |
TUYA has finished lower in three of the last five years. It's down 27% so far in 2026.