SNDK
Sandisk Corporation
SNDK has the edge over VIAV overall, supported by stronger valuation and stronger fundamentals.
VIAV
Viavi Solutions Inc.
VIAV 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.
VIAV Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Strong |
VIAV'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 VIAV in the historical PE scenario, which offers more potential upside but is not a forecast.
VIAV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 54x | $14.03 | -57% |
| Fair | 93x | $24.16 | -26% |
| Current | 125x | $32.54 | — |
| Expensive | 377x | $98.00 | +201% |
Historical ranges are pointers, not guarantees.
VIAV's PE is in its fair range at 125x.
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.
VIAV Forward outlook
There aren't enough analyst estimates for VIAV 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 VIAV in the latest year-over-year earnings comparison.
VIAV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.26 | +333% |
| Q2 2026 | -$0.13 | -187% |
| Q1 2026 | -$0.25 | -1350% |
| Q4 2025 | -$0.19 | -$0.01 |
| Q3 2025 | $0.06 | +$0.23 |
| Q2 2025 | $0.15 | +$0.27 |
| Q1 2025 | $0.02 | +$0.04 |
| Q4 2024 | -$0.18 | -1000% |
VIAV's earnings per share have fallen from their peak: $0.26 over the past year, against $0.43 in late 2022.
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 VIAV on profitability, with a higher operating margin.
VIAV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $469.3M | +57% |
| Q2 2026 | $443.1M | +53% |
| Q1 2026 | $406.8M | +43% |
| Q4 2025 | $369.3M | +36% |
| Q3 2025 | $299.1M | +26% |
| Q2 2025 | $290.5M | +15% |
| Q1 2025 | $284.8M | +16% |
| Q4 2024 | $270.8M | +6.4% |
VIAV's revenue has grown year over year for eight quarters in a row: $469M last quarter, up 57% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 17% | +15 points |
| Q2 2026 | 14% | +8.6 points |
| Q1 2026 | 6.1% | +3.1 points |
| Q4 2025 | 3.1% | -5.1 points |
| Q3 2025 | 2.5% | -2.3 points |
| Q2 2025 | 5.3% | +7.5 points |
| Q1 2025 | 3% | +7.8 points |
| Q4 2024 | 8.2% | -0.6 points |
VIAV's operating margin was 17% last quarter, up 15 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.
VIAV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $92.7M | +312% |
| Q2 2026 | $55.6M | +204% |
| Q1 2026 | -$32.2M | -3320% |
| Q4 2025 | $36.9M | +1.1% |
| Q3 2025 | $22.5M | +263% |
| Q2 2025 | $18.3M | -18% |
| Q1 2025 | $1M | -94% |
| Q4 2024 | $36.5M | +150% |
VIAV generated $153M in free cash flow over the past year, up 95% from 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 VIAV 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 | — |
VIAV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +16% | +36.7M shares |
| 1 year | +19% | +43.3M shares |
| 3 years | +19% | +42M shares |
| 5 years | +15% | +35.1M shares |
| Available history | +12% | +27.9M shares |
VIAV has 266M diluted shares, up 19% from a year ago, despite $150M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $150M |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $30M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
VIAV spent $150M buying back its own shares over the past year, about five times what it spent the year before.
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.
VIAV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.5x | Net Cash |
| Q2 2026 | -2.4x | Net Cash |
| Q1 2026 | 2.9x | Moderate |
| Q4 2025 | 5.0x | High |
| Q3 2025 | 1.0x | Very low |
| Q2 2025 | -1.8x | Net Cash |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 2.5x | Moderate |
VIAV 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).
VIAV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.1 | Neutral |
| Stochastic | 19.6 | Oversold |
VIAV's weekly RSI is 45 (neutral) and its Stochastic is 20 (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 VIAV on valuation relative to its sector.
VIAV PE vs Technology Sector
| Metric | VIAV | Sector median | Relative |
|---|---|---|---|
| PE | 125x | 28x | 349% above |
| PE % | 58 | 35 | 23 pts above |
VIAV is trading at 125x earnings, a 349% 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 |
VIAV has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus VIAV above 2 of 5.
VIAV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.0 | 9.6% below |
| 20 week MA | $37.7 | 14% below |
| 50 week MA | $35.6 | 8.6% below |
| 100 week MA | $23.5 | 38% above |
| 200 week MA | $16.4 | 98% above |
VIAV has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 98% 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 VIAV on returns for 2026, with the stronger performance.
VIAV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.1 | $14.7 | -2.8% |
| 2021 | $14.7 | $17.1 | +16% |
| 2022 | $17.1 | $10.3 | -40% |
| 2023 | $10.3 | $10.1 | -1.8% |
| 2024 | $10.1 | $10.2 | +1.1% |
| 2025 | $10.2 | $18.2 | +79% |
| 2026 YTD | $18.2 | $32.5 | +79% |
VIAV is up 79% so far in 2026, after finishing lower in three of the previous six years.