AMAT vs SNDK: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and Sandisk Corporation — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-08-06.
Applied Materials, Inc. · Technology
$603.04
-45.0% upside to fair value
Grade C
High Quality
VS
Sandisk Corporation · Technology
$1,350.50
+22.2% upside to fair value
Med Conviction
Grade B-
QuantHub Verdict
SNDK has more upside to fair value
(+22.2%).
SNDK trades at a lower forward P/E
(6.6x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
SNDK |
| Current Price |
$603.04 |
$1,350.50 |
| Fair Value Estimate |
$331.67 |
$1,650.00 |
| Upside to Fair Value |
-45.0%
|
+22.2%
|
| Market Cap |
$478.8B |
$200.0B |
| Forward P/E |
56.4x
|
6.6x
|
| EV / EBITDA |
43.0x
|
25.0x
|
| Price / Sales |
16.5x
|
9.8x
|
| Price / FCF |
80.3x
|
17.3x
|
| Revenue Growth YoY |
+11.4%
|
+174.0%
|
| Gross Margin |
49.0%
|
71.5%
|
| Operating Margin |
29.5%
|
62.0%
|
| Return on Equity |
39.8%
|
44.0%
|
| Dividend Yield |
0% |
0.0% |
| FCF Yield |
1.25%
|
5.8%
|
| Analyst Consensus |
Strong Buy
|
Buy
|
Investment Thesis
Applied Materials, Inc. is a leading semiconductor equipment company with a strong competitive moat in multiple wafer fab equipment segments, driven by its scale, infrastructure, and technology leadership in AI-critical process steps. The company benefits from a seasoned management team led by CEO Gary Dickerson, who has over 12 years at the helm and a track record of strong revenue and profitabi…
SanDisk is a pure-play on NAND flash memory, spun out of Western Digital in February 2025, and has become one of the defining beneficiaries of the AI storage supercycle. An acute shortage of high-performance enterprise SSDs for AI training and inference has driven NAND pricing sharply higher, taking gross margin from under 30% in fiscal Q1 to roughly 85% in fiscal Q4 2026 and lifting the stock mo…
Accumulation Zones
| Metric |
AMAT |
SNDK |
| Zone Low |
$248.75 |
$1,240.00 |
| Zone High |
$281.92 |
$1,400.00 |
| In Buy Zone? |
No
|
Yes
|