SNDK
Sandisk Corporation
SNDK has the edge over UI overall, supported by stronger fundamentals and stronger modeled upside.
UI
Ubiquiti Inc.
UI 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.
UI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
UI's revenue, profitability, cash flow and balance sheet are all currently strong.
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 UI in the historical PE scenario, which offers more potential upside but is not a forecast.
UI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 27x | $475 | -31% |
| Forward | 34x | $683 | — |
| Fair | 36x | $634 | -7.2% |
| Current | 39x | $683 | — |
| Expensive | 48x | $858 | +26% |
Historical ranges are pointers, not guarantees.
UI's PE is in its fair range at 39x. If earnings grow as analysts expect, today's price would be 34x next year's earnings.
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.
UI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for UI, with profitability improving.
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 UI in the latest year-over-year earnings comparison.
UI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.37 | +15% |
| Q3 2026 | $17.71 | +36% |
| Q2 2026 | $15.85 | +35% |
| Q1 2026 | $15.55 | +71% |
| Q4 2025 | $14.67 | +99% |
| Q3 2025 | $13.07 | +102% |
| Q2 2025 | $11.76 | +103% |
| Q1 2025 | $9.08 | +57% |
| Q4 2024 | $7.36 | +20% |
UI's earnings per share have climbed steadily: $17.71 over the past year, up 36% from the year before, and higher year over year for eight quarters in a row.
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 UI on profitability, with a higher operating margin.
UI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +40% |
| Q2 2026 | $937.3M | +23% |
| Q1 2026 | $788.2M | +19% |
| Q4 2025 | $814.9M | +36% |
| Q3 2025 | $733.8M | +33% |
| Q2 2025 | $759.2M | +50% |
| Q1 2025 | $664.2M | +35% |
| Q4 2024 | $599.9M | +29% |
UI's revenue has grown year over year for 11 quarters in a row: $1B last quarter, up 40% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 38% | +2.5 points |
| Q2 2026 | 36% | +1.8 points |
| Q1 2026 | 37% | +2.7 points |
| Q4 2025 | 36% | +6.1 points |
| Q3 2025 | 36% | +4.9 points |
| Q2 2025 | 34% | +7.2 points |
| Q1 2025 | 34% | +12 points |
| Q4 2024 | 30% | +3.8 points |
UI's operating margin was 38% last quarter, up 2.5 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 generated $17.4B in free cash flow over the past year, more than ten times what it generated the year before.
UI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $312.4M | +62% |
| Q2 2026 | $293.1M | +134% |
| Q1 2026 | $162.2M | +34% |
| Q4 2025 | $260.3M | +73% |
| Q3 2025 | $193.3M | -16% |
| Q2 2025 | $125.2M | -45% |
| Q1 2025 | $120.7M | -25% |
| Q4 2024 | $150.4M | +101% |
UI 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 | — |
UI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -6K shares |
| 1 year | 0% | +5K shares |
| 3 years | +0.2% | +113K shares |
| 5 years | -3.2% | -2M shares |
| Available history | -6.9% | -4.5M shares |
UI has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $15M |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $105.1M |
| Q1 2022 | $344.7M |
| Q4 2021 | $131.5M |
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.
UI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.4x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -0.2x | Net Cash |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.4x | Very low |
UI 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).
UI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.4 | Neutral |
| Stochastic | 62.6 | Neutral |
UI's weekly RSI is 57 (neutral) and its Stochastic is 63 (neutral).
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 UI on valuation relative to its sector.
UI PE vs Technology Sector
| Metric | UI | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 28x | 38% above |
| PE % | 60 | 35 | 25 pts above |
UI is trading at 39x earnings, a 38% 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 |
UI has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus UI above 5 of 5.
UI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $608.3 | 12% above |
| 20 week MA | $580.1 | 18% above |
| 50 week MA | $648.1 | 5.4% above |
| 100 week MA | $548.4 | 25% above |
| 200 week MA | $365.8 | 87% above |
UI is in an uptrend: it's above all five of its weekly moving averages, and 87% 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 UI on returns for 2026, with the stronger performance.
UI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $189.4 | $273.0 | +44% |
| 2021 | $273.0 | $311.8 | +14% |
| 2022 | $311.8 | $271.6 | -13% |
| 2023 | $271.6 | $139.6 | -49% |
| 2024 | $139.6 | $340.8 | +144% |
| 2025 | $340.8 | $570.7 | +67% |
| 2026 YTD | $570.7 | $683.2 | +20% |
UI's yearly returns have swung widely, from +144% in 2024 to −49% in 2023. It's up 20% so far in 2026.