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.
VHC
VirnetX Holding Corp
There isn't enough reported data to score VHC yet.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
VHC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Unavailable | |
| Strong |
VHC's revenue and balance sheet are currently strong, but its profitability is under pressure. There isn't enough data to rate its cash flow.
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.
VHC PE Valuation
VHC 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.
VHC Forward outlook
There aren't enough analyst estimates for VHC 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 VHC in the latest year-over-year earnings comparison.
VHC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$5.36 | -$0.57 |
| Q1 2026 | -$5.15 | -$0.28 |
| Q4 2025 | -$5.00 | +$0.05 |
| Q3 2023 | -$12.56 | -$6.56 |
| Q2 2023 | -$12.40 | -$6.60 |
| Q1 2023 | -$10.40 | -$4.80 |
| Q4 2022 | -$10.20 | +$1.80 |
| Q3 2022 | -$6.00 | +$5.60 |
VHC is still losing money, but far less than before: $5.36 per share over the past year, against $13.00 at its worst in early 2021.
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 VHC 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's operating margin was 80% last quarter, up 72 points from the same quarter a year ago, near the top of its range since 2023.
VHC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2025 | $58K | +2800% |
| Q2 2025 | $48K | +4700% |
| Q3 2024 | $2K | -33% |
| Q2 2024 | $1K | -50% |
| Q1 2024 | $2K | 0% |
| Q3 2023 | $3K | -25% |
| Q2 2023 | $2K | -94% |
| Q1 2023 | $2K | -60% |
VHC's revenue is growing: $0 last quarter, down 100% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | -12152% | N/A |
| Q3 2025 | -8007% | +211343 points |
| Q2 2025 | -8217% | +433283 points |
| Q3 2024 | -219350% | -31517 points |
| Q2 2024 | -441500% | +164450 points |
| Q1 2024 | -246300% | +49400 points |
| Q3 2023 | -187833% | -53958 points |
| Q2 2023 | -605950% | -593400 points |
VHC's operating margin was −12152% last quarter, up 429348 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.
VHC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q1 2026 | -$4.3M | -$403K |
| Q4 2025 | -$5.8M | -$287K |
| Q3 2025 | -$3M | +$200K |
| Q1 2025 | -$3.9M | -$378K |
| Q4 2024 | -$5.5M | +$1.5M |
| Q3 2024 | -$3.2M | +$70K |
| Q1 2024 | -$3.5M | -$805K |
| Q2 2023 | -$11.8M | -$8.4M |
VHC has burned cash in almost every quarter: −$17M over the past year, against −$19M 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 VHC 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 | — |
VHC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +16K shares |
| 1 year | +3.9% | +143K shares |
| 3 years | +5.6% | +199K shares |
| 5 years | +6.1% | +217K shares |
| Available history | +9.4% | +323K shares |
VHC has 4M diluted shares, up 3.9% from a year ago.
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.
VHC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2020 | -1.2x | Net Cash |
| Q3 2020 | -1.4x | Net Cash |
| Q2 2020 | -1.7x | Net Cash |
| Q1 2020 | -2.6x | Net Cash |
VHC 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).
VHC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.4 | Neutral |
| Stochastic | 14.7 | Oversold |
VHC's weekly RSI is 39 (neutral) and its Stochastic is 15 (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.
VHC PE vs Technology Sector
| Metric | VHC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
VHC 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 |
VHC has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus VHC above 0 of 5.
VHC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.2 | 5.6% below |
| 20 week MA | $11.6 | 17% below |
| 50 week MA | $14.5 | 33% below |
| 100 week MA | $13.6 | 29% below |
| 200 week MA | $12.6 | 23% below |
VHC is in a downtrend: it's below all five of its weekly moving averages, and 23% 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 VHC on returns for 2026, with the stronger performance.
VHC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $76.8 | $105.0 | +37% |
| 2021 | $105.0 | $57.6 | -45% |
| 2022 | $57.6 | $24.0 | -58% |
| 2023 | $24.0 | $7.00 | -71% |
| 2024 | $7.00 | $5.25 | -25% |
| 2025 | $5.25 | $18.0 | +243% |
| 2026 YTD | $18.0 | $9.65 | -46% |
VHC's yearly returns have swung widely, from +243% in 2025 to −71% in 2023. It's down 46% so far in 2026.