SNDK
Sandisk Corporation
SNDK has the edge over ZM overall, supported by stronger fundamentals and stronger modeled upside.
ZM
Zoom Communications, Inc.
ZM 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.
ZM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
ZM's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
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.
ZM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 9.1x | $97.70 | — |
| Forward | 16x | $97.70 | — |
| Cheap | 21x | $230 | +135% |
| Fair | 31x | $334 | +242% |
| Expensive | 538x | $5,801 | +5838% |
Historical ranges are pointers, not guarantees.
ZM 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 |
SNDK has the edge over ZM on the outlook, with more favorable valuation and revenue expectations.
ZM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect ZM's earnings to grow, with its revenue and profitability holding steady.
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 ZM in the latest year-over-year earnings comparison.
ZM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.22 | -42% |
| Q3 2026 | $10.78 | +184% |
| Q2 2026 | $6.79 | +104% |
| Q1 2026 | $6.18 | +93% |
| Q4 2025 | $5.14 | +70% |
| Q3 2025 | $3.79 | +34% |
| Q2 2025 | $3.33 | +23% |
| Q1 2025 | $3.21 | +55% |
| Q4 2024 | $3.03 | +304% |
ZM's earnings per share have climbed steadily: $10.78 over the past year, up 184% from the year before, and higher year over year for 11 quarters in a row.
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 ZM on profitability, with a higher operating margin.
ZM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +4.9% |
| Q2 2026 | $1.2B | +5.5% |
| Q1 2026 | $1.2B | +5.3% |
| Q4 2025 | $1.2B | +4.4% |
| Q3 2025 | $1.2B | +4.7% |
| Q2 2025 | $1.2B | +2.9% |
| Q1 2025 | $1.2B | +3.3% |
| Q4 2024 | $1.2B | +3.6% |
ZM's revenue has grown year over year every quarter since late 2020: $1.3B last quarter, up 4.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | -1.8 points |
| Q2 2026 | 25% | +4.5 points |
| Q1 2026 | 20% | +1 points |
| Q4 2025 | 25% | +9.7 points |
| Q3 2025 | 26% | +9 points |
| Q2 2025 | 21% | +2.8 points |
| Q1 2025 | 19% | +4.3 points |
| Q4 2024 | 16% | +0.6 points |
ZM's operating margin was 25% last quarter, down 1.8 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 ZM on cash flow, with more consistent year-over-year improvement.
ZM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $472.4M | -7% |
| Q2 2026 | $500.5M | +8% |
| Q1 2026 | $338.4M | -19% |
| Q4 2025 | $614.3M | +34% |
| Q3 2025 | $508M | +39% |
| Q2 2025 | $463.4M | -19% |
| Q1 2025 | $416.2M | +25% |
| Q4 2024 | $457.7M | +1% |
ZM's free cash flow has been positive every quarter for seven years: $1.9B over the past year, up 4.4% 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 | — |
ZM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -487K shares |
| 1 year | -2.8% | -8.5M shares |
| 3 years | -2% | -6.2M shares |
| 5 years | -2% | -6.1M shares |
| Available history | +2.4% | +7M shares |
ZM has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $360.5M |
| Q2 2026 | $361.7M |
| Q1 2026 | $323.7M |
| Q4 2025 | $413.7M |
| Q3 2025 | $465.3M |
| Q2 2025 | $418M |
| Q1 2025 | $354.6M |
| Q4 2024 | $301.6M |
ZM spent $1.5B buying back its own shares over the past year, down 5.2% from 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.
ZM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.7x | Net Cash |
| Q1 2026 | -1.0x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.1x | Net Cash |
| Q2 2025 | -1.3x | Net Cash |
| Q1 2025 | -1.4x | Net Cash |
| Q4 2024 | -1.5x | Net Cash |
ZM 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).
ZM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.3 | Neutral |
| Stochastic | 35.2 | Neutral |
ZM's weekly RSI is 53 (neutral) and its Stochastic is 35 (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 ZM on valuation relative to its sector.
ZM PE vs Technology Sector
| Metric | ZM | Sector median | Relative |
|---|---|---|---|
| PE | 9.1x | 28x | 67% below |
| PE % | 2 | 35 | 33 pts below |
ZM is trading at 9.1x earnings, a 67% discount 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 |
ZM has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus ZM above 5 of 5.
ZM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $94.2 | 3.7% above |
| 20 week MA | $95.4 | 2.4% above |
| 50 week MA | $91.5 | 6.8% above |
| 100 week MA | $85.4 | 14% above |
| 200 week MA | $76.6 | 28% above |
ZM is in an uptrend: it's above all five of its weekly moving averages, and 28% 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 ZM on returns for 2026, with the stronger performance.
ZM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $66.6 | $375.2 | +463% |
| 2021 | $375.2 | $191.7 | -49% |
| 2022 | $191.7 | $65.9 | -66% |
| 2023 | $65.9 | $71.9 | +9.1% |
| 2024 | $71.9 | $83.8 | +17% |
| 2025 | $83.8 | $88.0 | +5% |
| 2026 YTD | $88.0 | $97.7 | +11% |
ZM's yearly returns have swung widely, from +463% in 2020 to −66% in 2022. It's up 11% so far in 2026.