SNDK
Sandisk Corporation
SNDK has the edge over WATT overall, supported by stronger fundamentals and lower modeled downside.
WATT
Energous Corporation
WATT's outlook is improving, though it still trails on the overall score.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
WATT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Weak | |
| Unavailable |
WATT's revenue is currently healthy, 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.
WATT PE Valuation
WATT 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.
WATT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect WATT's losses to shrink, with revenue growing.
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 WATT in the latest year-over-year earnings comparison.
WATT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.23 | +$14.38 |
| Q2 2026 | -$3.09 | +$27.21 |
| Q1 2026 | -$4.96 | +$42.44 |
| Q4 2025 | -$8.13 | +$68.97 |
| Q3 2025 | -$16.61 | +$77.89 |
| Q2 2025 | -$30.30 | +$75.00 |
| Q1 2025 | -$47.40 | +$62.40 |
| Q4 2024 | -$77.10 | +$47.40 |
WATT lost $2.23 per share over the past year, a smaller loss than the year before.
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 WATT on profitability, with a higher operating margin.
WATT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.4M | +167% |
| Q2 2026 | $3.1M | +217% |
| Q1 2026 | $3.1M | +799% |
| Q4 2025 | $3M | +610% |
| Q3 2025 | $1.3M | +453% |
| Q2 2025 | $975K | +2020% |
| Q1 2025 | $343K | +436% |
| Q4 2024 | $428K | +367% |
WATT has the edge over SNDK on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -81% | +91 points |
| Q2 2026 | -103% | +182 points |
| Q1 2026 | -60% | +993 points |
| Q4 2025 | -47% | +774 points |
| Q3 2025 | -172% | +1385 points |
| Q2 2025 | -285% | +9826 points |
| Q1 2025 | -1053% | +9361 points |
| Q4 2024 | -821% | +4193 points |
WATT's operating margin was −81% last quarter, up 91 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 WATT on cash generation, producing positive trailing cash flow while its opponent burns cash.
WATT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$2.2M | +$229K |
| Q2 2026 | -$5.5M | -$2.6M |
| Q1 2026 | -$5.6M | -$921K |
| Q4 2025 | -$2.4M | +$235K |
| Q3 2025 | -$2.5M | +$1.6M |
| Q2 2025 | -$2.9M | +$2.9M |
| Q1 2025 | -$4.7M | +$385K |
| Q4 2024 | -$2.7M | +$740.1K |
WATT has burned cash in almost every quarter: −$16M over the past year, against −$13M 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 WATT 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 | — |
WATT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +18.6K shares |
| 1 year | +243% | +3.9M shares |
| 3 years | +3535% | +5.4M shares |
| 5 years | +5242% | +5.4M shares |
| Available history | +10858% | +5.5M shares |
WATT has 6M diluted shares, up 243% 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.
WATT Net Leverage
WATT'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).
WATT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.7 | Neutral |
| Stochastic | 9.3 | Oversold |
WATT's weekly RSI is 40 (neutral) and its Stochastic is 9 (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.
WATT PE vs Technology Sector
WATT 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 |
WATT has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus WATT above 0 of 5.
WATT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.2 | 14% below |
| 20 week MA | $13.0 | 33% below |
| 50 week MA | $14.7 | 41% below |
| 100 week MA | $12.3 | 29% below |
| 200 week MA | $60.6 | 86% below |
WATT is in a downtrend: it's below all five of its weekly moving averages, and 86% 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 WATT on returns for 2026, with the stronger performance.
WATT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1,068.0 | $1,236.0 | +16% |
| 2021 | $1,236.0 | $810.0 | -34% |
| 2022 | $810.0 | $498.0 | -39% |
| 2023 | $498.0 | $54.9 | -89% |
| 2024 | $54.9 | $12.2 | -78% |
| 2025 | $12.2 | $3.76 | -69% |
| 2026 YTD | $3.76 | $8.74 | +132% |
WATT has finished five years in a row lower, and it's up 132% so far in 2026.