SNDK Sandisk Corporation - Common Stock
$1605.00
Price · Aug 21, 2026
Fundamentals as of Aug 17, 2026
52W Range
$46–$2354
68% of range
Analyst Rating
BUY
31 analysts
Price Target
$2108
+31% upside
P/E (TTM)
21.8
ROE
88.1%
Net Profit Margin
56.5%
SNDK Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$1605.00
Market Cap
$234.33B
P/E (TTM)
21.8
EPS (TTM)
$73.76
Revenue (TTM)
$20.25B
Div Yield
—
ROE
88.1%
Debt/Equity
0.0
52W Range
$46 – $2354
SNDK Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$20.25B
2023-06-30
→
2026-07-03
EPS
$73.76
2023-06-30
→
2026-07-03
Free Cash Flow
$11.49B
2025-06-27
→
2026-07-03
Margins
56.5%
2025-06-27
→
2026-07-03
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
SNDK
Peer Median
P/E (TTM)
21.8
31.9
P/S (TTM)
11.6
4.3
P/B
14.9
4.6
EV / EBITDA
18.5
—
Price / FCF
20.4
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
SNDK
Peer Median
Gross Margin
71.5%
34.0%
Operating Margin
61.2%
—
Net Profit Margin
56.5%
5.2%
ROA
64.4%
6.5%
ROE
88.1%
15.4%
ROIC
69.2%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
SNDK
Peer Median
Debt / Equity
0.0
73.2
Current Ratio
2.3
1.4
Quick Ratio
1.7
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
SNDK
Peer Median
Revenue YoY
175.3%
—
Revenue CAGR 3Y
49.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
SNDK
Peer Median
SNDK Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
31 analysts
- Strong Buy 9 29.0%
- Buy 17 54.8%
- Hold 5 16.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
23 analysts · 2026-08-18
Median
$2000.00
Now
$1605.00
Low
$1000.00
High
$3600.00
Median target
$2000.00
+24.6%
Mean target
$2107.70
+31.3%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
2.7%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $39.25 | $35.14 | 4.1% |
| March 31, 2026 | $23.41 | $14.83 | 8.6% |
| Dec. 31, 2025 | $6.20 | $3.52 | 2.7% |
| Sept. 30, 2025 | $1.22 | $0.95 | 0.27% |
| June 30, 2025 | $0.29 | $0.04 | 0.25% |
| March 31, 2025 | $-0.30 | $-0.39 | 0.09% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SNDK | $254.77B | 23.7 | 175.3% | 56.5% | 88.1% | 71.5% |
| AAPL | $3.77T | 34.2 | 6.4% | 26.9% | 159.4% | 46.9% |
| DELL | $74.61B | 13.2 | 18.8% | 5.2% | -300.4% | 20.0% |
| WDC | $194.58B | 22.2 | 35.7% | 73.0% | 118.0% | 48.9% |
| HPE | $32.19B | -610.5 | 13.8% | 0.17% | 0.23% | — |
| NTAP | $21.31B | 17.1 | 5.6% | 20.5% | 109.2% | 78.5% |
| P | — | — | 15.6% | 5.1% | 13.6% | 70.4% |
| HPQ | $25.48B | 10.4 | 3.2% | 4.6% | -311.8% | 20.6% |
| SMCI | $29.12B | 29.2 | 46.6% | 4.8% | 17.9% | 11.1% |
| IONQ | $16.27B | -24.7 | 201.8% | -392.6% | -24.4% | — |
| GPGI | — | -15.7 | -85.8% | -227.3% | -198.9% | 48.0% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| Revenue | $20.25B | $7.36B | $6.66B | $6.09B | |
| Cost of Revenue | $5.78B | $5.14B | $5.59B | $5.66B | |
| Gross Profit | $14.47B | $2.21B | $1.07B | $430M | |
| R&D Expense | $1.33B | $1.13B | $1.06B | $1.17B | |
| SG&A Expense | $676M | $573M | $455M | $558M | |
| Operating Expenses | $2.08B | $3.59B | $1.54B | $2.46B | |
| Operating Income | $12.39B | $-1.38B | $-468M | $-2.04B | |
| Interest Income | $70M | $22M | $12M | $21M | |
| Other Non-op | $-177M | $-59M | $-8M | $43M | |
| Pretax Income | $13.02B | $-1.48B | $-503M | $-2.00B | |
| Income Tax | $1.58B | $162M | $169M | $141M | |
| Net Income | $11.43B | $-1.64B | $-672M | $-2.14B | |
| EPS (Basic) | $77.78 | $-11.32 | $-4.63 | $-14.78 | |
| EPS (Diluted) | $73.76 | $-11.32 | $-4.63 | $-14.78 | |
| Shares (Basic) | 147,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | |
| Shares (Diluted) | 155,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | |
| EBITDA | $12.39B | $-1.38B | · | · |
Balance Sheet 27
| Metric | Trend | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| Cash & Equivalents | $4.76B | $1.48B | $328M | · | |
| Receivables | $4.71B | $1.07B | $935M | · | |
| Inventory | $2.70B | $2.08B | $1.96B | · | |
| Other Current Assets | $590M | $392M | $221M | · | |
| Current Assets | $12.78B | $5.09B | $3.55B | · | |
| PP&E (Net) | $674M | $619M | $791M | · | |
| PP&E (Gross) | $2.21B | $2.12B | $2.99B | · | |
| Accum. Depreciation | $1.54B | $1.51B | $2.20B | · | |
| Goodwill | $4.99B | $5.00B | $7.21B | · | |
| Other Non-current Assets | $1.37B | $1.49B | $852M | · | |
| Total Assets | $22.51B | $12.98B | $13.51B | · | |
| Accrued Liabilities | $313M | $274M | $424M | · | |
| Current Liabilities | $5.58B | $1.43B | $2.12B | · | |
| Capital Leases | $177M | $193M | $171M | · | |
| Deferred Tax | $161M | $17M | $15M | · | |
| Other Non-current Liabilities | $378M | $365M | $286M | · | |
| Total Liabilities | $6.77B | $3.77B | $2.42B | · | |
| Long-term Debt | $0 | $1.85B | $0 | · | |
| Total Debt | $0 | $1.85B | · | · | |
| Common Stock | $1M | $1M | $0 | · | |
| Paid-in Capital | $10.88B | $11.25B | $0 | · | |
| Retained Earnings | $9.65B | $-1.78B | $0 | · | |
| Treasury Stock | $4.54B | $0 | · | · | |
| AOCI | $-256M | $-249M | $-452M | · | |
| Stockholders' Equity | $15.74B | $9.22B | $11.08B | $11.44B | |
| Liabilities + Equity | $22.51B | $12.98B | $13.51B | · | |
| Shares Outstanding | 146,000,000 | 146,000,000 | 0 | 0 |
Cash Flow 14
| Metric | Trend | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| D&A | $149M | $163M | $224M | $448M | |
| Stock-based Comp | $232M | $182M | $149M | $165M | |
| Deferred Tax | $120M | $-12M | $-16M | $-81M | |
| Amort. of Intangibles | · | · | · | $133M | |
| Restructuring | $-2M | $21M | $-40M | $69M | |
| Operating Cash Flow | $11.67B | $84M | $-309M | $-713M | |
| CapEx | $177M | $204M | $166M | $219M | |
| Investing Cash Flow | $-1.39B | $556M | $210M | $-189M | |
| Stock Repurchased | $4.52B | $0 | $0 | · | |
| Net Stock Activity | $-4.52B | · | · | · | |
| Financing Cash Flow | $-7.00B | $518M | $136M | $860M | |
| Net Change in Cash | $3.28B | $1.15B | $36M | $-43M | |
| Taxes Paid | $146M | $50M | $0 | $0 | |
| Free Cash Flow | $11.49B | $-120M | · | · |
Profitability 8
| Metric | Trend | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| Gross Margin | 71.5% | 30.1% | · | · | |
| Operating Margin | 61.2% | -18.7% | · | · | |
| Net Margin | 56.5% | -22.3% | · | · | |
| Pretax Margin | 64.3% | -20.1% | · | · | |
| EBITDA Margin | 61.2% | -18.7% | · | · | |
| ROA | 64.4% | -12.4% | · | · | |
| ROE | 88.1% | -15.5% | · | · | |
| ROIC | 69.2% | -13.8% | · | · |
Liquidity & Solvency 4
| Metric | Trend | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| Current Ratio | 2.3 | 3.6 | · | · | |
| Quick Ratio | 1.7 | 1.8 | · | · | |
| Debt / Equity | 0.0 | 0.2 | · | · | |
| LT Debt / Equity | 0.0 | 0.2 | · | · |
Efficiency 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| Asset Turnover | 1.1 | 0.6 | · | · | |
| Inventory Turnover | 2.4 | 2.5 | · | · | |
| Receivables Turnover | 7.0 | 7.3 | · | · |
Growth Rates 2
| Metric | Trend | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| Revenue YoY | 175.3% | 10.4% | 9.5% | · | |
| Revenue CAGR 3Y | 49.3% | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| Revenue TTM | $20.25B | $7.36B | · | · | |
| Net Income TTM | $11.43B | $-1.64B | · | · | |
| Market Cap | $254.77B | $6.88B | · | · | |
| Enterprise Value | $250.01B | $7.25B | · | · | |
| P/E | 23.7 | -4.2 | · | · | |
| P/S | 12.6 | 0.9 | · | · | |
| P/B | 16.2 | 0.7 | · | · | |
| P / Tangible Book | 23.7 | 1.6 | · | · | |
| P / Cash Flow | 21.8 | 82.0 | · | · | |
| P / FCF | 22.2 | -57.4 | · | · | |
| EV / EBITDA | 20.2 | -5.3 | · | · | |
| EV / FCF | 21.8 | -60.4 | · | · | |
| EV / Revenue | 12.3 | 1.0 | · | · | |
| Earnings Yield | 4.2% | -24.0% | · | · |
Income Statement 17
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.96B | $5.95B | $3.02B | $2.31B | $1.90B | $1.70B | $1.88B | $1.88B | $1.76B | $1.71B | $1.67B | |
| Cost of Revenue | $1.38B | $1.29B | $1.48B | $1.62B | $1.40B | $1.31B | $1.27B | $1.16B | $1.12B | $1.24B | $1.50B | |
| Gross Profit | $7.58B | $4.66B | $1.54B | $687M | $498M | $382M | $606M | $726M | $636M | $463M | $161M | |
| R&D Expense | $348M | $337M | $327M | $316M | $285M | $285M | $279M | $283M | $298M | $277M | $246M | |
| SG&A Expense | $197M | $161M | $139M | $179M | $162M | $139M | $142M | $130M | $117M | $107M | $113M | |
| Operating Expenses | $545M | $551M | $476M | $511M | $480M | $2.26B | $411M | $435M | $437M | $398M | $406M | |
| Operating Income | $7.04B | $4.11B | $1.06B | $176M | $18M | $-1.88B | $195M | $291M | $199M | $65M | $-245M | |
| Interest Income | $30M | $12M | $12M | $16M | $11M | $6M | $2M | $3M | $3M | $3M | $3M | |
| Other Non-op | $-24M | $-10M | $-115M | $-28M | $-4M | $-10M | $-20M | $-25M | $3M | $-5M | $-7M | |
| Pretax Income | $7.85B | $4.11B | $937M | $124M | $-18M | $-1.90B | $173M | $267M | $197M | $54M | $-260M | |
| Income Tax | $946M | $492M | $134M | $12M | $5M | $32M | $69M | $56M | $77M | $27M | $41M | |
| Net Income | $10.41B | $3.62B | $803M | $112M | $-23M | $-1.93B | $104M | $211M | $120M | $27M | $-301M | |
| EPS (Basic) | $47.12 | $24.43 | $5.46 | $0.77 | $-0.17 | $-13.33 | $0.72 | $1.46 | $0.83 | $0.19 | · | |
| EPS (Diluted) | $44.83 | $23.03 | $5.15 | $0.75 | $-0.17 | $-13.33 | $0.72 | $1.46 | $0.83 | $0.19 | · | |
| Shares (Basic) | -294,000,000 | 148,000,000 | 147,000,000 | 146,000,000 | -290,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | 0 | 145,000,000 | · | |
| Shares (Diluted) | -307,000,000 | 157,000,000 | 156,000,000 | 149,000,000 | -290,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | 0 | 145,000,000 | · | |
| EBITDA | · | $4.11B | $1.06B | $176M | · | $-1.88B | $195M | · | · | · | · |
Balance Sheet 27
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.76B | $3.73B | $1.54B | $1.44B | $1.48B | $1.51B | $804M | · | $328M | · | · | |
| Receivables | $4.71B | $2.73B | $1.24B | $1.19B | $1.07B | $979M | $904M | · | $935M | · | · | |
| Inventory | $2.70B | $2.24B | $1.97B | $1.91B | $2.08B | $2.16B | $2.17B | · | $1.96B | · | · | |
| Other Current Assets | $590M | $388M | $357M | $370M | $392M | $391M | $568M | · | $221M | · | · | |
| Current Assets | $12.78B | $9.17B | $5.15B | $4.98B | $5.09B | $5.09B | $4.46B | · | $3.55B | · | · | |
| PP&E (Net) | $674M | $649M | $631M | $630M | $619M | $603M | $579M | · | $791M | · | · | |
| PP&E (Gross) | $2.21B | $2.17B | $2.13B | $2.16B | $2.12B | $2.10B | $2.04B | · | $2.99B | · | · | |
| Accum. Depreciation | $1.54B | $1.52B | $1.50B | $1.53B | $1.51B | $1.49B | $1.46B | · | $2.20B | · | · | |
| Goodwill | $4.99B | $4.99B | $5.00B | $5.00B | $5.00B | $5.00B | $6.83B | · | $7.21B | · | · | |
| Other Non-current Assets | $1.37B | $1.36B | $1.39B | $1.42B | $1.49B | $1.48B | $1.39B | · | $852M | · | · | |
| Total Assets | $22.51B | $17.07B | $13.00B | $12.75B | $12.98B | $12.96B | $14.23B | · | $13.51B | · | · | |
| Accrued Liabilities | $313M | $383M | $393M | $382M | $274M | $446M | $438M | · | $424M | · | · | |
| Current Liabilities | $5.58B | $1.92B | $1.65B | $1.52B | $1.43B | $1.38B | $1.87B | · | $2.12B | · | · | |
| Capital Leases | $177M | $182M | $186M | $188M | $193M | $196M | $179M | · | $171M | · | · | |
| Deferred Tax | $161M | $17M | $22M | $28M | $17M | $17M | $53M | · | $15M | · | · | |
| Other Non-current Liabilities | $378M | $393M | $526M | $493M | $365M | $480M | $307M | · | $286M | · | · | |
| Total Liabilities | $6.77B | $3.30B | $2.79B | $3.37B | $3.77B | $3.80B | $2.23B | · | $2.42B | · | · | |
| Long-term Debt | $0 | $0 | $603M | $1.35B | $1.85B | $1.95B | · | · | $0 | · | · | |
| Total Debt | · | $0 | $603M | $1.35B | · | $1.95B | · | · | · | · | · | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | · | · | $0 | · | · | |
| Paid-in Capital | $10.88B | $11.29B | $11.34B | $11.29B | $11.25B | $11.23B | · | · | $0 | · | · | |
| Retained Earnings | $9.65B | $2.75B | $-869M | $-1.67B | $-1.78B | $-1.76B | · | · | $0 | · | · | |
| Treasury Stock | $4.54B | · | · | · | $0 | · | · | · | · | · | · | |
| AOCI | $-256M | $-259M | $-255M | $-234M | $-249M | $-306M | $-434M | · | $-452M | · | · | |
| Stockholders' Equity | $15.74B | $13.78B | $10.21B | $9.38B | $9.22B | $9.16B | $12.00B | · | $11.08B | · | · | |
| Liabilities + Equity | $22.51B | $17.07B | $13.00B | $12.75B | $12.98B | $12.96B | $14.23B | · | $13.51B | · | · | |
| Shares Outstanding | 146,000,000 | 148,000,000 | 148,000,000 | 147,000,000 | 146,000,000 | 145,000,000 | · | · | 0 | · | · |
Cash Flow 11
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $37M | $38M | $38M | $36M | $36M | $37M | $36M | $54M | $54M | $56M | · | |
| Stock-based Comp | $67M | $54M | $58M | $53M | $49M | $44M | $48M | $41M | $34M | $38M | · | |
| Deferred Tax | $162M | $-32M | $-13M | $3M | $-19M | $-16M | $28M | $-5M | $-19M | $2M | · | |
| Restructuring | $0 | $0 | $1M | $-3M | $16M | $0 | $3M | $2M | $4M | $2M | $13M | |
| Operating Cash Flow | $7.13B | $3.04B | $1.02B | $488M | $94M | $26M | $95M | $-131M | $-130M | $-12M | · | |
| CapEx | $43M | $45M | $39M | $50M | $45M | $44M | $48M | $67M | $38M | $29M | · | |
| Investing Cash Flow | $-1.12B | $-83M | $-165M | $-15M | $-17M | $404M | $188M | $-19M | $-3M | $100M | · | |
| Financing Cash Flow | $-4.98B | $-752M | $-758M | $-515M | $-102M | $276M | $130M | $214M | $85M | $-135M | · | |
| Net Change in Cash | $1.03B | $2.20B | $97M | $-39M | $-26M | $703M | $482M | $-6M | $-49M | $-48M | · | |
| Taxes Paid | $29M | $25M | $53M | $39M | $40M | $10M | $0 | $0 | $0 | · | · | |
| Free Cash Flow | · | · | · | $438M | · | · | · | · | · | · | · |
Profitability 8
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 78.3% | 50.9% | 29.8% | · | 22.5% | 32.3% | · | · | · | · | |
| Operating Margin | · | 69.1% | 35.2% | 7.6% | · | -111.0% | 10.4% | · | · | · | · | |
| Net Margin | · | 60.8% | 26.6% | 4.9% | · | -114.0% | 5.5% | · | · | · | · | |
| Pretax Margin | · | 69.0% | 31.0% | 5.4% | · | -112.1% | 9.2% | · | · | · | · | |
| EBITDA Margin | · | 69.1% | 35.2% | 7.6% | · | -111.0% | 10.4% | · | · | · | · | |
| ROA | · | 24.1% | 5.9% | 1.8% | · | -29.8% | 1.5% | · | · | · | · | |
| ROE | · | 31.5% | 7.2% | 2.4% | · | -42.2% | 1.7% | · | · | · | · | |
| ROIC | · | 26.3% | 8.4% | 1.5% | · | -17.2% | 0.98% | · | · | · | · |
Liquidity & Solvency 4
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 4.8 | 3.1 | 3.3 | · | 3.7 | 2.4 | · | · | · | · | |
| Quick Ratio | · | 3.4 | 1.7 | 1.7 | · | 1.8 | 0.9 | · | · | · | · | |
| Debt / Equity | · | 0.0 | 0.1 | 0.1 | · | 0.2 | · | · | · | · | · | |
| LT Debt / Equity | · | 0.0 | 0.1 | 0.1 | · | 0.2 | · | · | · | · | · |
Efficiency 3
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.4 | 0.2 | 0.4 | · | 0.3 | 0.3 | · | · | · | · | |
| Inventory Turnover | · | 0.6 | 0.7 | 1.7 | · | 1.2 | 1.2 | · | · | · | · | |
| Receivables Turnover | · | 3.2 | 2.8 | 3.9 | · | 3.5 | 4.2 | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $12.98B | $8.90B | $7.76B | · | $7.16B | $7.13B | · | · | · | · | |
| Net Income TTM | · | · | $-906M | $-1.60B | · | $-1.59B | $41M | · | · | · | · | |
| Market Cap | · | $103.84B | $40.74B | $18.88B | · | $7.10B | · | · | · | · | · | |
| Enterprise Value | · | $100.10B | $39.80B | $18.79B | · | $7.54B | · | · | · | · | · | |
| P/E | · | 45.0 | -41.0 | -12.3 | · | -4.5 | · | · | · | · | · | |
| P/S | · | 8.0 | 4.6 | 2.4 | · | 1.0 | · | · | · | · | · | |
| P/B | · | 7.5 | 4.0 | 2.0 | · | 0.8 | · | · | · | · | · | |
| P / Tangible Book | · | 11.8 | 7.8 | 4.3 | · | 1.7 | · | · | · | · | · | |
| P / Cash Flow | · | · | · | 38.7 | · | · | · | · | · | · | · | |
| P / FCF | · | · | · | 43.1 | · | · | · | · | · | · | · | |
| EV / EBITDA | · | 24.3 | 37.4 | 106.7 | · | -4.0 | · | · | · | · | · | |
| EV / FCF | · | · | · | 42.9 | · | · | · | · | · | · | · | |
| EV / Revenue | · | 7.7 | 4.5 | 2.4 | · | 1.1 | · | · | · | · | · | |
| Earnings Yield | · | 2.2% | -2.4% | -8.1% | · | -22.4% | · | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-07-03 | 2025-06-27 | 2024-06-28 | 2023-06-30 | |
|---|---|---|---|---|
| Revenue | $20.25B | $7.36B | $6.66B | $6.09B |
| Gross Margin % | 71.5% | 30.1% | — | — |
| Operating Margin % | 61.2% | -18.7% | — | — |
| Net Income | $11.43B | $-1.64B | $-672M | $-2.14B |
| Diluted EPS | $73.76 | $-11.32 | $-4.63 | $-14.78 |
Balance Sheet
| 2026-07-03 | 2025-06-27 | 2024-06-28 | 2023-06-30 | |
|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.2 | — | — |
| Current Ratio | 2.3 | 3.6 | — | — |
| Quick Ratio | 1.7 | 1.8 | — | — |
Cash Flow
| 2026-07-03 | 2025-06-27 | 2024-06-28 | 2023-06-30 | |
|---|---|---|---|---|
| Free Cash Flow | $11.49B | $-120M | — | — |
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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Institutional owners (13F) 1,962 filers · $205.2B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 769 (+198 vs prior Q) | 83 (+33 vs prior Q) | 533 (+214 vs prior Q) | 486 (+186 vs prior Q) | -793K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $21,983,001,441 | 9,668,255 | 10.71% | Shares |
| JANE STREET GROUP, LLC | $14,479,337,739 | 6,368,099 | 7.06% | Put option |
| STATE STREET CORP | $13,477,427,710 | 5,927,453 | 6.57% | Shares |
| GOLDMAN SACHS GROUP INC | $12,577,592,241 | 5,531,700 | 6.13% | Put option |
| FMR LLC | $10,469,448,902 | 4,604,526 | 5.10% | Shares |
| CITADEL ADVISORS LLC | $10,337,513,445 | 4,546,500 | 5.04% | Call option |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $7,994,291,435 | 3,515,937 | 3.90% | Shares |
| JANE STREET GROUP, LLC | $7,922,812,185 | 3,484,500 | 3.86% | Call option |
| GEODE CAPITAL MANAGEMENT, LLC | $7,085,257,980 | 3,121,200 | 3.45% | Shares |
| Clear Street Group Inc. | $6,783,427,892 | 2,983,392 | 3.31% | Shares |
| Situational Awareness LP | $5,673,738,513 | 2,495,344 | 2.76% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $4,932,682,158 | 2,169,423 | 2.40% | Shares |
| NORGES BANK | $4,672,728,881 | 2,055,094 | 2.28% | Shares |
| GOLDMAN SACHS GROUP INC | $3,821,003,265 | 1,680,500 | 1.86% | Call option |
| BNP PARIBAS FINANCIAL MARKETS | $2,256,686,120 | 992,504 | 1.10% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $2,113,311,527 | 929,447 | 1.03% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,933,550,434 | 850,387 | 0.94% | Shares |
| GOLDMAN SACHS GROUP INC | $1,672,021,714 | 735,365 | 0.81% | Shares |
| MORGAN STANLEY | $1,506,250,945 | 662,458 | 0.73% | Shares |
| Assenagon Asset Management S.A. | $1,413,916,727 | 621,849 | 0.69% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $1,362,116,610 | 599,067 | 0.66% | Shares |
| Whale Rock Capital Management LLC | $1,356,382,263 | 596,545 | 0.66% | Shares |
| Marex Group Ltd | $1,148,233,650 | 505,000 | 0.56% | Put option |
| Polar Capital Holdings Plc | $1,120,532,797 | 492,817 | 0.55% | Shares |
| Belvedere Trading LLC | $1,060,240,299 | 466,300 | 0.52% | Put option |
| JENNISON ASSOCIATES LLC | $1,050,481,454 | 462,008 | 0.51% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $1,009,957,485 | 444,185 | 0.49% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $998,394,843 | 439,100 | 0.49% | Put option |
| Qube Research & Technologies Ltd | $931,433,495 | 409,650 | 0.45% | Shares |
| BANK OF AMERICA CORP /DE/ | $839,129,152 | 369,054 | 0.41% | Shares |
| MILLENNIUM MANAGEMENT LLC | $832,478,491 | 366,129 | 0.41% | Shares |
| Walleye Trading LLC | $821,498,649 | 361,300 | 0.40% | Put option |
| VANGUARD ASSET MANAGEMENT, Ltd | $782,483,716 | 344,141 | 0.38% | Shares |
| BlackRock, Inc. | $781,149,036 | 343,554 | 0.38% | Shares |
| Vanguard Global Advisers, LLC | $728,366,668 | 320,340 | 0.35% | Shares |
| Situational Awareness Partners LP | $724,363,205 | 1,140,119 | 0.35% | Shares |
| Value Aligned Research Advisors, LLC | $708,908,087 | 311,782 | 0.35% | Shares |
| California Public Employees Retirement System | $707,691,641 | 311,247 | 0.34% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $706,375,151 | 310,668 | 0.34% | Shares |
| Hudson Bay Capital Management LP | $693,032,904 | 304,800 | 0.34% | Put option |
| Hudson Bay Capital Management LP | $693,032,904 | 304,800 | 0.34% | Shares |
| Swiss National Bank | $662,705,893 | 291,462 | 0.32% | Shares |
| AMERIPRISE FINANCIAL INC | $660,775,550 | 290,641 | 0.32% | Shares |
| BARCLAYS PLC | $649,356,824 | 285,591 | 0.32% | Shares |
| Legal & General Group Plc | $594,273,601 | 261,369 | 0.29% | Shares |
| Walleye Trading LLC | $591,624,546 | 260,200 | 0.29% | Call option |
| Amanah Holdings Trust | $568,432,500 | 250,000 | 0.28% | Shares |
| WT Asset Management Ltd | $561,472,612 | 246,939 | 0.27% | Shares |
| TWO SIGMA INVESTMENTS, LP | $549,503,698 | 241,675 | 0.27% | Shares |
| Castle Hook Partners LP | $540,188,226 | 237,578 | 0.26% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $505,459,274 | 222,304 | 0.25% | Shares |
| Belvedere Trading LLC | $503,176,449 | 221,300 | 0.25% | Call option |
| RHUMBLINE ADVISERS | $488,231,093 | 214,727 | 0.24% | Shares |
| Squarepoint Ops LLC | $481,537,361 | 211,783 | 0.23% | Shares |
| AustralianSuper Pty Ltd | $479,534,204 | 210,902 | 0.23% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $477,460,563 | 209,990 | 0.23% | Shares |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT | $471,996,790 | 207,587 | 0.23% | Shares |
| PEAK6 LLC | $441,103,620 | 194,000 | 0.21% | Put option |
| NEUBERGER BERMAN GROUP LLC | $432,688,495 | 190,713 | 0.21% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $432,008,700 | 190,000 | 0.21% | Call option |
| FIRST TRUST ADVISORS LP | $413,829,341 | 182,005 | 0.20% | Shares |
| Situational Awareness Partners LP | $388,764,546 | 611,900 | 0.19% | Call option |
| ProShare Advisors LLC | $376,857,104 | 165,744 | 0.18% | Shares |
| MILLENNIUM MANAGEMENT LLC | $362,432,562 | 159,400 | 0.18% | Put option |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | $353,342,189 | 155,402 | 0.17% | Shares |
| SANDS CAPITAL MANAGEMENT, LLC | $348,092,147 | 153,093 | 0.17% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $343,603,804 | 151,119 | 0.17% | Shares |
| PRUDENTIAL FINANCIAL INC | $337,594,335 | 148,476 | 0.16% | Shares |
| Mirae Asset Global Investments Co., Ltd. | $334,570,275 | 147,146 | 0.16% | Shares |
| BANK OF NOVA SCOTIA | $329,345,243 | 144,848 | 0.16% | Shares |
| D. E. Shaw & Co., Inc. | $294,902,781 | 129,700 | 0.14% | Call option |
| D. E. Shaw & Co., Inc. | $278,986,671 | 122,700 | 0.14% | Put option |
| Anther Capital Ltd | $275,737,511 | 121,271 | 0.13% | Shares |
| GENDELL JEFFREY L | $272,847,600 | 120,000 | 0.13% | Shares |
| Trivest Advisors Ltd | $270,266,916 | 118,865 | 0.13% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $265,260,163 | 116,663 | 0.13% | Shares |
| ALGERT GLOBAL LLC | $265,212,414 | 116,642 | 0.13% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $264,553,033 | 116,352 | 0.13% | Shares |
| LPL Financial LLC | $264,470,519 | 116,316 | 0.13% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $261,704,049 | 115,099 | 0.13% | Shares |
| Daiwa Securities Group Inc. | $261,478,950 | 115,000 | 0.13% | Put option |
| JANE STREET GROUP, LLC | $260,132,902 | 114,408 | 0.13% | Shares |
| Blue Sparrow, LLC /DE | $254,885,133 | 112,100 | 0.12% | Shares |
| Nearwater Capital Markets, Ltd | $250,110,300 | 110,000 | 0.12% | Shares |
| NEOS Investment Management LLC | $248,029,838 | 109,085 | 0.12% | Shares |
| RK Capital Management, LLC/FL | $247,154,451 | 108,700 | 0.12% | Put option |
| RK Capital Management, LLC/FL | $247,154,451 | 108,700 | 0.12% | Shares |
| BANK OF MONTREAL /CAN/ | $228,341,609 | 100,426 | 0.11% | Shares |
| Ma Investment Partnership, LP | $227,373,000 | 100,000 | 0.11% | Shares |
| RAYMOND JAMES FINANCIAL INC | $223,118,853 | 98,129 | 0.11% | Shares |
| Blue Whale Capital LLP | $222,036,556 | 97,653 | 0.11% | Shares |
| Teilinger Capital Ltd. | $218,050,706 | 95,900 | 0.11% | Put option |
| APG Asset Management N.V. | $209,742,792 | 105,465 | 0.10% | Shares |
| UBS Group AG | $207,716,604 | 91,355 | 0.10% | Shares |
| PEAK6 LLC | $206,454,684 | 90,800 | 0.10% | Call option |
| STATE OF WISCONSIN INVESTMENT BOARD | $206,315,986 | 90,739 | 0.10% | Shares |
| Valliance Asset Management Ltd | $202,246,008 | 88,949 | 0.10% | Shares |
| Balyasny Asset Management L.P. | $199,924,531 | 87,928 | 0.10% | Shares |
| Quantinno Capital Management LP | $195,604,328 | 86,027 | 0.10% | Shares |
| BIT Capital GmbH | $194,956,431 | 85,743 | 0.09% | Shares |
Company insiders 15 insiders · 1 officers · 0 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Alper Ilkbahar | EVP, Chief Technology Officer | June 2, 2026 G | 49,983 | 0 | 3 | $-3,513,152 |
| Bernard Shek | — | Aug. 3, 2026 S | 30,915 | 0 | 3 | $-2,991,696 |
| David Goeckeler | — | May 25, 2026 F | 509,903 | 0 | 0 | $0 |
| Luis Felipe Visoso | — | May 21, 2026 F | 165,058 | 0 | 0 | $0 |
| Michael Pokorny | — | May 12, 2026 S | 22,375 | 0 | 1 | $-3,488,436 |
| Thomas Caulfield | — | May 12, 2026 G | 4,834 | 0 | 0 | $0 |
| Necip Sayiner | — | May 8, 2026 S | 2,900 | 0 | 2 | $-1,118,324 |
| Miyuki Suzuki | — | Feb. 25, 2026 S | 9,907 | 0 | 1 | $-2,196,355 |
| Alexander R. Bradley | — | Dec. 30, 2025 A | 863 | 0 | 0 | $0 |
| Richard B. Cassidy II | — | Nov. 18, 2025 A | 4,914 | 0 | 0 | $0 |
| Ellyn Shook | — | Nov. 18, 2025 A | 4,750 | 0 | 0 | $0 |
| WESTERN DIGITAL CORP | — | June 9, 2025 J | 7,513,019 | 0 | 0 | $0 |
| Devinder Kumar | — | March 3, 2025 A | 3,771 | 0 | 0 | $0 |
| Kimberly Alexy | — | March 3, 2025 A | 5,401 | 0 | 0 | $0 |
| Matthew E Massengill | — | March 3, 2025 A | 4,840 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 193 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| RPG · Invesco Exchange-Traded Fund Trust | 7.88% | 98,979 SH | Aug. 20, 2026 | Daily |
| CSD · Invesco Exchange-Traded Fund Trust | 6.93% | 10,173 SH | Aug. 20, 2026 | Daily |
| FCUS · Tidal Trust II | 5.50% | 3,040 NS | May 31, 2026 | N-PORT |
| LQAI · Exchange Listed Funds Trust | 5.40% | 104 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 5.28% | 709,199 NS | May 31, 2026 | N-PORT |
| PTF · Invesco Exchange-Traded Fund Trust | 5.14% | 19,624 SH | Aug. 20, 2026 | Daily |
| ADPV · Series Portfolios Trust | 4.77% | 7,457 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 4.64% | 399,121 NS | May 31, 2026 | N-PORT |
| IGPT · Invesco Exchange-Traded Fund Trust | 3.76% | 29,037 SH | Aug. 20, 2026 | Daily |
| TCAI · Tortoise Capital Series Trust | 3.46% | 4,425 NS | May 31, 2026 | N-PORT |
| ESML · iShares Trust | 3.26% | 61,047 SH | Aug. 20, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 3.06% | 56,581 NS | April 30, 2026 | N-PORT |
| SPHQ · Invesco Exchange-Traded Fund Trust | 3.03% | 380,772 SH | Aug. 20, 2026 | Daily |
| SMRI · EA Series Trust | 2.95% | 14,563 NS | April 30, 2026 | N-PORT |
| OASC · Unified Series Trust | 2.79% | 1,386 NS | May 31, 2026 | N-PORT |
| BOBP · EXCHANGE TRADED CONCEPTS TRUST | 2.51% | 41 NS | April 30, 2026 | N-PORT |
| PDP · Invesco Exchange-Traded Fund Trust | 2.45% | 23,299 SH | Aug. 20, 2026 | Daily |
| YOKE · EA Series Trust | 2.39% | 4,910 NS | April 30, 2026 | N-PORT |
| SPMO · Invesco Exchange-Traded Fund Trust … | 2.31% | 324,743 SH | Aug. 20, 2026 | Daily |
| GVIP · Goldman Sachs ETF Trust | 2.30% | 7,720 NS | May 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 2.15% | 46,515 NS | April 30, 2026 | N-PORT |
| WSML · iShares Trust | 2.05% | 8,872 SH | Aug. 20, 2026 | Daily |
| SPHB · Invesco Exchange-Traded Fund Trust … | 2.01% | 12,150 SH | Aug. 20, 2026 | Daily |
| CLSE · Trust for Professional Managers | 1.99% | 7,222 NS | May 31, 2026 | N-PORT |
| GURU · Global X Funds | 1.99% | 1,060 NS | April 30, 2026 | N-PORT |
| AIS · Tidal Trust III | 1.89% | 7,754 NS | May 31, 2026 | N-PORT |
| IETC · iShares U.S. ETF Trust | 1.86% | 8,277 SH | Aug. 20, 2026 | Daily |
| TECB · iShares Trust | 1.77% | 5,598 SH | Aug. 20, 2026 | Daily |
| FTLS · First Trust Exchange-Traded Fund III | 1.74% | 36,358 NS | April 30, 2026 | N-PORT |
| VFQY · VANGUARD WELLINGTON FUND | 1.54% | 3,224 SH | Aug. 19, 2026 | Daily |
| AOTG · EA Series Trust | 1.54% | 953 NS | May 29, 2026 | N-PORT |
| PEXL · Pacer Funds Trust | 1.52% | 633 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 1.50% | 6,673 NS | May 31, 2026 | N-PORT |
| PWB · Invesco Exchange-Traded Fund Trust | 1.43% | 22,176 SH | Aug. 20, 2026 | Daily |
| SGLC · RBB Fund, Inc. | 1.41% | 1,622 NS | May 31, 2026 | N-PORT |
| GQQQ · EA Series Trust | 1.39% | 1,188 NS | May 29, 2026 | N-PORT |
| QTOP · iShares Trust | 1.38% | 2,472 SH | Aug. 20, 2026 | Daily |
| FTC · First Trust Exchange-Traded AlphaDE… | 1.37% | 15,888 NS | April 30, 2026 | N-PORT |
| VGT · VANGUARD WORLD FUND | 1.33% | 992,578 SH | Aug. 19, 2026 | Daily |
| CHAT · Tidal Trust II | 1.27% | 16,561 NS | April 30, 2026 | N-PORT |
| MGK · VANGUARD WORLD FUND | 1.27% | 186,876 SH | Aug. 19, 2026 | Daily |
| XOEF · iShares Trust | 1.26% | 186 SH | Aug. 20, 2026 | Daily |
| RSPT · Invesco Exchange-Traded Fund Trust | 1.25% | 46,216 SH | Aug. 20, 2026 | Daily |
| SMIZ · Zacks Trust | 1.15% | 1,750 NS | May 31, 2026 | N-PORT |
| IYW · iShares Trust | 1.14% | 181,840 SH | Aug. 20, 2026 | Daily |
| TRFM · ETF Series Solutions | 1.13% | 1,599 NS | April 30, 2026 | N-PORT |
| FFLG · FIDELITY COVINGTON TRUST | 1.11% | 5,950 NS | April 30, 2026 | N-PORT |
| IGM · iShares Trust | 1.04% | 69,920 SH | Aug. 20, 2026 | Daily |
| QQQ · Invesco QQQ Trust, Series 1 | 1.02% | 3,191,521 SH | Aug. 20, 2026 | Daily |
| QQQM · Invesco Exchange-Traded Fund Trust … | 1.02% | 677,832 SH | Aug. 20, 2026 | Daily |