SNDK
Sandisk Corporation
SNDK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
WDAY
Workday, Inc.
WDAY has a slight edge over SNDK overall, supported by lower modeled downside and stronger valuation.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
WDAY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
WDAY'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's PE is 7.5x, but its earnings don't support one, so it isn't a reliable read right now.
WDAY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 15x | $191 | — |
| Current | 39x | $191 | — |
| Cheap | 41x | $205 | +7.3% |
| Fair | 61x | $302 | +58% |
| Expensive | 1,213x | $5,991 | +3043% |
Historical ranges are pointers, not guarantees.
WDAY has the edge over SNDK in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
WDAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Broad | |
| Moderate |
Analysts expect earnings and revenue growth for WDAY, with profitability improving.
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 WDAY in the latest year-over-year earnings comparison.
WDAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.61 | +155% |
| Q3 2026 | $4.94 | +130% |
| Q2 2026 | $3.21 | +78% |
| Q1 2026 | $2.59 | +33% |
| Q4 2025 | $2.37 | -61% |
| Q3 2025 | $2.15 | -63% |
| Q2 2025 | $1.80 | -68% |
| Q1 2025 | $1.95 | -63% |
| Q4 2024 | $6.09 | +2438% |
WDAY earned $4.94 per share over the past year, up 130% from 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 WDAY on profitability, with a higher operating margin.
WDAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +13% |
| Q2 2026 | $2.5B | +13% |
| Q1 2026 | $2.5B | +15% |
| Q4 2025 | $2.4B | +13% |
| Q3 2025 | $2.3B | +13% |
| Q2 2025 | $2.2B | +13% |
| Q1 2025 | $2.2B | +15% |
| Q4 2024 | $2.2B | +16% |
WDAY's revenue has grown year over year every quarter since late 2020: $2.6B last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +1.3 points |
| Q2 2026 | 13% | +12 points |
| Q1 2026 | 6.9% | +3.5 points |
| Q4 2025 | 11% | +3 points |
| Q3 2025 | 11% | +5.2 points |
| Q2 2025 | 1.7% | -1.5 points |
| Q1 2025 | 3.4% | -0.7 points |
| Q4 2024 | 7.6% | +2.9 points |
WDAY's operating margin was 12% last quarter, up 1.3 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.
WDAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $460M | -22% |
| Q2 2026 | $616M | +46% |
| Q1 2026 | $1.2B | +19% |
| Q4 2025 | $550M | +53% |
| Q3 2025 | $588M | +14% |
| Q2 2025 | $421M | +45% |
| Q1 2025 | $1B | +3% |
| Q4 2024 | $359M | -20% |
WDAY's free cash flow has been positive every quarter for seven years: $2.8B over the past year, up 19% 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 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
WDAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.1% | -8M shares |
| 1 year | -8.8% | -23.9M shares |
| 3 years | -6.9% | -18.1M shares |
| 5 years | -5.3% | -13.7M shares |
| Available history | +7.8% | +17.8M shares |
WDAY has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.3B |
| Q2 2026 | $1.6B |
| Q1 2026 | $1.5B |
| Q4 2025 | $802M |
| Q3 2025 | $299M |
| Q2 2025 | $290M |
| Q1 2025 | $103M |
| Q4 2024 | $158M |
WDAY spent $5.2B buying back its own shares over the past year, about six 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 the edge over WDAY on leverage, with a lower net debt burden relative to earnings.
WDAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.7x | Healthy |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 1.5x | Healthy |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 2.5x | Moderate |
WDAY's net debt is about 1.7 years of its operating earnings (EBITDA), down from 2.0 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).
WDAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.6 | Neutral |
| Stochastic | 48.5 | Neutral |
WDAY's weekly RSI is 56 (neutral) and its Stochastic is 49 (neutral).
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 WDAY on valuation relative to its sector.
WDAY PE vs Technology Sector
| Metric | WDAY | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 28x | 39% above |
| PE % | 6 | 35 | 29 pts below |
WDAY is trading at 39x earnings, a 39% 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 |
WDAY has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus WDAY above 2 of 5.
WDAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $193.0 | 1.2% below |
| 20 week MA | $180.9 | 5.4% above |
| 50 week MA | $165.0 | 16% above |
| 100 week MA | $203.2 | 6.2% below |
| 200 week MA | $219.1 | 13% below |
WDAY's trend is mixed: it's above two of its five weekly moving averages, and 13% 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 WDAY on returns for 2026, with the stronger performance.
WDAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $165.9 | $248.8 | +50% |
| 2021 | $248.8 | $278.1 | +12% |
| 2022 | $278.1 | $164.6 | -41% |
| 2023 | $164.6 | $276.1 | +68% |
| 2024 | $276.1 | $266.2 | -3.6% |
| 2025 | $266.2 | $220.7 | -17% |
| 2026 YTD | $220.7 | $190.6 | -14% |
WDAY has finished lower in three of the last six years. It's down 14% so far in 2026.