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.
VNET
VNET Group, Inc.
There isn't enough reported data to score VNET yet.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
VNET Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Under pressure | |
| Weak | |
| Weak |
VNET's profitability, cash flow and balance sheet are currently under pressure. There isn't enough data to rate its revenue.
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.
VNET PE Valuation
VNET 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.
VNET Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect VNET to return to profit, 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 VNET in the latest year-over-year earnings comparison.
VNET Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | -$2.30 | -$2.02 |
| Q2 2024 | -$2.51 | -$1.85 |
| Q1 2024 | -$2.78 | -$1.97 |
| Q4 2023 | -$2.61 | -$1.82 |
| Q3 2023 | -$0.28 | +$0.48 |
| Q2 2023 | -$0.66 | -$0.49 |
| Q1 2023 | -$0.81 | -223% |
| Q4 2022 | -$0.79 | -261% |
VNET is still losing money, but far less than before: $1.33 per share over the past year, against $3.48 at its worst in late 2020.
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 VNET on profitability, with a higher operating margin.
VNET Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $415.8M | +14% |
| Q1 2026 | $403.9M | +20% |
| Q3 2025 | $385.4M | +24% |
| Q2 2025 | $365.3M | +22% |
| Q1 2025 | $337.1M | +18% |
| Q3 2024 | $311.3M | +9.9% |
| Q2 2024 | $299.2M | +9.4% |
| Q1 2024 | $284.9M | +5.1% |
VNET's revenue has grown year over year every quarter since late 2020: $416M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 6.8% | -0.3 points |
| Q1 2026 | 9.2% | -1.9 points |
| Q4 2025 | 5.2% | N/A |
| Q3 2025 | 7.5% | -1 points |
| Q2 2025 | 7.1% | -2.6 points |
| Q1 2025 | 11% | +8.6 points |
| Q3 2024 | 8.5% | +6.8 points |
| Q2 2024 | 9.8% | +4.6 points |
VNET's operating margin was 6.8% last quarter, about level with 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 VNET on cash generation, producing positive trailing cash flow while its opponent burns cash.
VNET Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$194.5M | +$31.2M |
| Q1 2026 | -$243.2M | +$1.4M |
| Q4 2025 | -$189.6M | -$51.4M |
| Q3 2025 | -$211.8M | -$111.8M |
| Q2 2025 | -$225.7M | -$136.6M |
| Q1 2025 | -$244.7M | -$133M |
| Q4 2024 | -$138.2M | -$95.1M |
| Q3 2024 | -$100M | -$26.2M |
VNET has burned cash in almost every quarter: −$839M over the past year, against −$709M 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 VNET 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 | — |
VNET Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.5% | +9.5M shares |
| 1 year | +5.7% | +15.3M shares |
| 3 years | +61% | +108M shares |
| 5 years | +98% | +140M shares |
| Available history | +151% | +170M shares |
VNET has 284M diluted shares, up 5.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $2.6M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q3 2024 | — |
| Q2 2024 | — |
VNET spent $3M buying back its own shares over 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 the edge over VNET on leverage, with a lower net debt burden relative to earnings.
VNET Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 6.3x | High |
| Q1 2026 | 6.0x | High |
| Q4 2025 | 7.2x | High |
| Q3 2025 | 10.1x | High |
| Q2 2025 | 8.0x | High |
| Q1 2025 | 7.9x | High |
| Q4 2024 | 3.0x | Elevated |
| Q3 2024 | 278.7x | High |
VNET's net debt is about 6.3 years of its operating earnings (EBITDA), down from 8.0 years a year ago.
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).
VNET Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 24.7 | Oversold |
| Stochastic | 3.9 | Oversold |
VNET's weekly RSI is 25 (oversold) and its Stochastic is 4 (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.
VNET PE vs Technology Sector
| Metric | VNET | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
VNET 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 |
VNET has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus VNET above 0 of 5.
VNET Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.30 | 28% below |
| 20 week MA | $5.98 | 48% below |
| 50 week MA | $8.15 | 62% below |
| 100 week MA | $8.04 | 62% below |
| 200 week MA | $5.47 | 44% below |
VNET is in a downtrend: it's below all five of its weekly moving averages, and 44% 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 VNET on returns for 2026, with the stronger performance.
VNET Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6.41 | $32.4 | +405% |
| 2021 | $32.4 | $9.15 | -72% |
| 2022 | $9.15 | $5.64 | -38% |
| 2023 | $5.64 | $2.87 | -49% |
| 2024 | $2.87 | $4.27 | +49% |
| 2025 | $4.27 | $8.69 | +104% |
| 2026 YTD | $8.69 | $3.09 | -64% |
VNET's yearly returns have swung widely, from +405% in 2020 to −72% in 2021. It's down 64% so far in 2026.