SNDK
Sandisk Corporation
SNDK's fundamentals are strong: revenue more than tripled and its operating margin went from −19% to 72%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
VELO
Velo3D, Inc.
There isn't enough reported data to score VELO yet.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
VELO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Unavailable |
VELO's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
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.
VELO PE Valuation
VELO 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.
VELO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect VELO's losses to shrink, with revenue growing. 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 VELO in the latest year-over-year earnings comparison.
VELO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2024 | -$142.05 | +$214.95 |
| Q3 2024 | -$242.10 | -$131.85 |
| Q2 2024 | -$252.30 | +$25.95 |
| Q1 2024 | -$315.00 | -373% |
| Q4 2023 | -$357.00 | -1460% |
VELO is still losing money, but far less than before: $142.05 per share over the past year, against $357.00 at its worst 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 VELO on profitability, with a higher operating margin.
VELO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.5M | +50% |
| Q2 2026 | $20.7M | +52% |
| Q1 2026 | $13.8M | +48% |
| Q4 2025 | $9.4M | -25% |
| Q3 2025 | $13.6M | +65% |
| Q2 2025 | $13.6M | +31% |
| Q1 2025 | $9.3M | -4.8% |
| Q4 2024 | $12.6M | +648% |
VELO's revenue is recovering but still below its 2022 peak: $20M last quarter, up 50% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -85% | -6.6 points |
| Q2 2026 | -54% | +36 points |
| Q1 2026 | -50% | +78 points |
| Q4 2025 | -231% | -61 points |
| Q3 2025 | -78% | +149 points |
| Q2 2025 | -89% | +109 points |
| Q1 2025 | -128% | +91 points |
| Q4 2024 | -170% | +3280 points |
VELO's operating margin was −85% last quarter, down 6.6 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 VELO on cash generation, producing positive trailing cash flow while its opponent burns cash.
VELO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$14.6M | -$8.2M |
| Q2 2026 | -$25.1M | -$22.1M |
| Q1 2026 | -$18.9M | -$6.6M |
| Q4 2025 | -$8.3M | -$6.1M |
| Q3 2025 | -$6.3M | -$4.3M |
| Q2 2025 | -$3M | +$5M |
| Q1 2025 | -$12.3M | +$8.2M |
| Q4 2024 | -$2.2M | +$22.3M |
VELO has burned cash in almost every quarter: −$67M over the past year, against −$24M 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 the edge over VELO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
VELO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9% | +51K shares |
| 1 year | +67% | +247K shares |
VELO has 616,030 diluted shares, up 67% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
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.
VELO Net Leverage
VELO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
VELO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.7 | Neutral |
| Stochastic | 3.3 | Oversold |
VELO's weekly RSI is 37 (neutral) and its Stochastic is 3 (oversold).
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.
VELO PE vs Technology Sector
VELO 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 |
VELO has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus VELO above 0 of 4.
VELO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $7.64 | 42% below |
| 20 week MA | $10.4 | 58% below |
| 50 week MA | $13.2 | 67% below |
| 100 week MA | $10.4 | 57% below |
VELO is in a downtrend: it's below all four of its weekly moving averages, and 57% below its 100-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 VELO on returns for 2026, with the stronger performance.
VELO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $11.7 | $10.2 | -13% |
| 2025 | $10.2 | $13.5 | +32% |
| 2026 YTD | $13.5 | $4.41 | -67% |
VELO has finished lower in one of the last two years. It's down 67% so far in 2026.