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Side-by-side financial comparison of Sandisk Corp (SNDK) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Sandisk Corp is the larger business by last-quarter revenue ($3.0B vs $2.5B, roughly 1.2× Tapestry, Inc.). Sandisk Corp runs the higher net margin — 26.5% vs 22.4%, a 4.1% gap on every dollar of revenue. On growth, Sandisk Corp posted the faster year-over-year revenue change (78.5% vs 14.0%). Tapestry, Inc. produced more free cash flow last quarter ($1.0B vs $980.0M).
Sandisk Corporation is an American multinational computer technology company based in Milpitas, California, that designs and manufactures flash memory products, including memory cards, USB flash drives, and solid-state drives. It was founded in 1988 as SunDisk by Eli Harari, Sanjay Mehrotra, and Jack Yuan. The name is a portmanteau of the founder’s name Sanjay and disk.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
SNDK vs TPR — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.0B | $2.5B |
| Net Profit | $803.0M | $561.3M |
| Gross Margin | 50.9% | 75.5% |
| Operating Margin | 35.2% | 28.6% |
| Net Margin | 26.5% | 22.4% |
| Revenue YoY | 78.5% | 14.0% |
| Net Profit YoY | 141.5% | 80.8% |
| EPS (diluted) | $5.15 | $2.68 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.3B | $2.5B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.9B | $2.2B | ||
| Q3 24 | $1.9B | $1.5B | ||
| Q2 24 | — | $1.6B |
| Q1 26 | $803.0M | — | ||
| Q4 25 | $112.0M | $561.3M | ||
| Q3 25 | — | $274.8M | ||
| Q2 25 | $-23.0M | $-517.1M | ||
| Q1 25 | $-1.9B | $203.3M | ||
| Q4 24 | $104.0M | $310.4M | ||
| Q3 24 | $211.0M | $186.6M | ||
| Q2 24 | — | $159.3M |
| Q1 26 | 50.9% | — | ||
| Q4 25 | 29.8% | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | 26.2% | 76.3% | ||
| Q1 25 | 22.5% | 76.1% | ||
| Q4 24 | 32.3% | 74.4% | ||
| Q3 24 | 38.6% | 75.3% | ||
| Q2 24 | — | 74.9% |
| Q1 26 | 35.2% | — | ||
| Q4 25 | 7.6% | 28.6% | ||
| Q3 25 | — | 19.3% | ||
| Q2 25 | 0.9% | -33.9% | ||
| Q1 25 | -111.0% | 16.0% | ||
| Q4 24 | 10.4% | 22.4% | ||
| Q3 24 | 15.5% | 16.7% | ||
| Q2 24 | — | 14.8% |
| Q1 26 | 26.5% | — | ||
| Q4 25 | 4.9% | 22.4% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | -1.2% | -30.0% | ||
| Q1 25 | -114.0% | 12.8% | ||
| Q4 24 | 5.5% | 14.1% | ||
| Q3 24 | 11.2% | 12.4% | ||
| Q2 24 | — | 10.0% |
| Q1 26 | $5.15 | — | ||
| Q4 25 | $0.75 | $2.68 | ||
| Q3 25 | — | $1.28 | ||
| Q2 25 | $-0.17 | $-2.30 | ||
| Q1 25 | $-13.33 | $0.95 | ||
| Q4 24 | $0.72 | $1.38 | ||
| Q3 24 | $1.46 | $0.79 | ||
| Q2 24 | — | $0.67 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5B | $1.1B |
| Total DebtLower is stronger | $603.0M | $2.4B |
| Stockholders' EquityBook value | $10.2B | $551.2M |
| Total Assets | $13.0B | $6.5B |
| Debt / EquityLower = less leverage | 0.06× | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | — | $743.2M | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $804.0M | $1.0B | ||
| Q3 24 | — | $7.3B | ||
| Q2 24 | — | $7.2B |
| Q1 26 | $603.0M | — | ||
| Q4 25 | $1.4B | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | $1.8B | $2.4B | ||
| Q1 25 | $1.9B | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B |
| Q1 26 | $10.2B | — | ||
| Q4 25 | $9.4B | $551.2M | ||
| Q3 25 | — | $399.5M | ||
| Q2 25 | $9.2B | $857.8M | ||
| Q1 25 | $9.2B | $1.5B | ||
| Q4 24 | $12.0B | $1.3B | ||
| Q3 24 | $12.1B | $3.0B | ||
| Q2 24 | — | $2.9B |
| Q1 26 | $13.0B | — | ||
| Q4 25 | $12.7B | $6.5B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | $13.0B | $6.6B | ||
| Q1 25 | $13.0B | $7.3B | ||
| Q4 24 | $14.2B | $7.3B | ||
| Q3 24 | — | $13.7B | ||
| Q2 24 | — | $13.4B |
| Q1 26 | 0.06× | — | ||
| Q4 25 | 0.14× | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | 0.20× | 2.77× | ||
| Q1 25 | 0.21× | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.0B | $1.1B |
| Free Cash FlowOCF − Capex | $980.0M | $1.0B |
| FCF MarginFCF / Revenue | 32.4% | 41.5% |
| Capex IntensityCapex / Revenue | 1.3% | 1.7% |
| Cash ConversionOCF / Net Profit | 1.27× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.0B | — | ||
| Q4 25 | $488.0M | $1.1B | ||
| Q3 25 | — | $112.6M | ||
| Q2 25 | — | $446.8M | ||
| Q1 25 | $26.0M | $144.3M | ||
| Q4 24 | $95.0M | $506.0M | ||
| Q3 24 | $-131.0M | $119.5M | ||
| Q2 24 | — | $256.0M |
| Q1 26 | $980.0M | — | ||
| Q4 25 | $438.0M | $1.0B | ||
| Q3 25 | — | $80.2M | ||
| Q2 25 | — | $411.5M | ||
| Q1 25 | $-18.0M | $113.4M | ||
| Q4 24 | $47.0M | $475.1M | ||
| Q3 24 | $-198.0M | $93.9M | ||
| Q2 24 | — | $209.8M |
| Q1 26 | 32.4% | — | ||
| Q4 25 | 19.0% | 41.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | -1.1% | 7.2% | ||
| Q4 24 | 2.5% | 21.6% | ||
| Q3 24 | -10.5% | 6.2% | ||
| Q2 24 | — | 13.2% |
| Q1 26 | 1.3% | — | ||
| Q4 25 | 2.2% | 1.7% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | 2.6% | 2.0% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 3.6% | 1.7% | ||
| Q2 24 | — | 2.9% |
| Q1 26 | 1.27× | — | ||
| Q4 25 | 4.36× | 1.93× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | 0.91× | 1.63× | ||
| Q3 24 | -0.62× | 0.64× | ||
| Q2 24 | — | 1.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SNDK
| Edge | $1.7B | 55% |
| Consumer | $907.0M | 30% |
| Datacenter | $440.0M | 15% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
