AMD
Advanced Micro Devices, Inc.
AMD has the edge over AOSL overall, supported by stronger fundamentals and stronger modeled upside.
AOSL
Alpha and Omega Semiconductor Limited
AOSL's outlook is improving, though it still trails on the overall score.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
AOSL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Weak | |
| Strong |
AOSL's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
AMD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 39x | $585 | — |
| Cheap | 40x | $182 | -69% |
| Fair | 112x | $514 | -12% |
| Current | 127x | $585 | — |
| Expensive | 206x | $947 | +62% |
Historical ranges are pointers, not guarantees.
AMD's PE is in its fair range at 127x. If earnings grow as analysts expect, today's price would be 39x next year's earnings, in its cheap range.
AOSL PE Valuation
AOSL has no meaningful PE right now: it lost money over the past year.
AMD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Low |
Analysts expect strong earnings and revenue growth for AMD, with profitability improving. However, they disagree widely on these estimates.
AOSL Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect AOSL's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
AMD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $15.05 | +227% |
| Q3 2026 | $4.60 | +127% |
| Q2 2026 | $3.89 | +122% |
| Q1 2026 | $3.05 | +123% |
| Q4 2025 | $2.65 | +165% |
| Q3 2025 | $2.03 | +81% |
| Q2 2025 | $1.75 | +111% |
| Q1 2025 | $1.37 | +99% |
| Q4 2024 | $1.00 | +89% |
AMD has the edge over AOSL on earnings quality, reporting a profit while its opponent remains loss making.
AOSL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.54 | +$1.74 |
| Q2 2026 | -$1.41 | +$1.89 |
| Q1 2026 | -$3.59 | -$2.81 |
| Q4 2025 | -$3.50 | -$2.70 |
| Q3 2025 | -$3.28 | -$2.61 |
| Q2 2025 | -$3.30 | -$2.91 |
| Q1 2025 | -$0.78 | -$0.49 |
| Q4 2024 | -$0.80 | -$0.22 |
AOSL lost $1.54 per share over the past year, a smaller loss than the year before.
AMD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $13.4B | +45% |
| Q2 2026 | $11.5B | +50% |
| Q1 2026 | $10.3B | +38% |
| Q4 2025 | $10.3B | +34% |
| Q3 2025 | $9.2B | +36% |
| Q2 2025 | $7.7B | +32% |
| Q1 2025 | $7.4B | +36% |
| Q4 2024 | $7.7B | +24% |
AMD has the edge over AOSL on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +7.4 points |
| Q2 2026 | 17% | +19 points |
| Q1 2026 | 14% | +3.6 points |
| Q4 2025 | 17% | +5.7 points |
| Q3 2025 | 14% | +3.1 points |
| Q2 2025 | -1.7% | -6.4 points |
| Q1 2025 | 11% | +10 points |
| Q4 2024 | 11% | +5.8 points |
AMD has the edge over AOSL on profitability, with a higher operating margin.
AOSL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $177.8M | -2.6% |
| Q2 2026 | $170.4M | -3.5% |
| Q1 2026 | $163.8M | -0.5% |
| Q4 2025 | $162.3M | -6.3% |
| Q3 2025 | $182.5M | +0.3% |
| Q2 2025 | $176.5M | +9.4% |
| Q1 2025 | $164.6M | +9.7% |
| Q4 2024 | $173.2M | +4.8% |
AOSL's revenue grew through 2023 and has held roughly level since: $178M last quarter, down 2.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -5.1% | -2.6 points |
| Q2 2026 | -6.5% | +0.1 points |
| Q1 2026 | -8.6% | -2.1 points |
| Q4 2025 | -8.4% | -4.9 points |
| Q3 2025 | -2.5% | -2.4 points |
| Q2 2025 | -6.6% | -5.7 points |
| Q1 2025 | -6.5% | +0.5 points |
| Q4 2024 | -3.4% | -2.7 points |
AOSL's operating margin was −5.1% last quarter, down 2.6 points from the same quarter a year ago.
AMD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $554M | -71% |
| Q2 2026 | $1.6B | -9.9% |
| Q1 2026 | $2.6B | +253% |
| Q4 2025 | $2.4B | +118% |
| Q3 2025 | $1.9B | +283% |
| Q2 2025 | $1.7B | +294% |
| Q1 2025 | $727M | +92% |
| Q4 2024 | $1.1B | +351% |
AMD has the edge over AOSL on cash generation, producing positive trailing cash flow while its opponent burns cash.
AOSL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$3.6M | -955% |
| Q2 2026 | -$24.9M | -$7.8M |
| Q1 2026 | -$20.5M | -$19.4M |
| Q4 2025 | -$23.1M | -450% |
| Q3 2025 | $420K | -90% |
| Q2 2025 | -$17.2M | -$17M |
| Q1 2025 | -$1.1M | -105% |
| Q4 2024 | $6.6M | +$39.6M |
AOSL has burned cash in six of the last eight quarters: −$72M over the past year, against −$11M the year before.
AMD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +2M shares |
| 1 year | +1.2% | +20M shares |
| 3 years | +2% | +32M shares |
| 5 years | +35% | +431M shares |
| Available history | +40% | +473M shares |
AMD has 1.7B diluted shares, up 1.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $221M |
| Q4 2025 | — |
| Q3 2025 | $89M |
| Q2 2025 | $478M |
| Q1 2025 | $749M |
| Q4 2024 | $256M |
AMD has spent almost nothing on buybacks in the past year.
AOSL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +335K shares |
| 1 year | +0.8% | +250K shares |
| 3 years | +1.7% | +500K shares |
| 5 years | +9.6% | +2.6M shares |
| Available history | +23% | +5.6M shares |
AOSL has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | $4.2M |
| Q2 2024 | — |
| Q2 2023 | $10.8M |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | — |
AMD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2020 | -1.0x | Net Cash |
| Q1 2020 | -0.8x | Net Cash |
| Q4 2019 | -1.2x | Net Cash |
AMD has more cash than debt.
AOSL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -17.4x | Net Cash |
| Q2 2026 | -12.6x | Net Cash |
| Q1 2026 | -12.9x | Net Cash |
| Q4 2025 | -8.8x | Net Cash |
| Q3 2025 | -7.4x | Net Cash |
| Q2 2025 | -3.7x | Net Cash |
| Q1 2025 | -3.3x | Net Cash |
| Q4 2024 | -4.0x | Net Cash |
AOSL has more cash than debt.
AMD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.3 | Neutral |
| Stochastic | 41.4 | Neutral |
AMD's weekly RSI is 59 (neutral) and its Stochastic is 41 (neutral).
AOSL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.6 | Neutral |
| Stochastic | 35.8 | Neutral |
AOSL's weekly RSI is 53 (neutral) and its Stochastic is 36 (neutral).
AMD PE vs Technology Sector
| Metric | AMD | Sector median | Relative |
|---|---|---|---|
| PE | 127x | 28x | 357% above |
| PE % | 61 | 35 | 26 pts above |
AMD is trading at 127x earnings, a 357% premium to the Technology sector's median of 28x.
AOSL PE vs Technology Sector
| Metric | AOSL | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
AOSL has no meaningful PE right now: it lost money over the past year.
AMD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $557.2 | 5.1% above |
| 20 week MA | $525.9 | 11% above |
| 50 week MA | $389.7 | 50% above |
| 100 week MA | $266.9 | 119% above |
| 200 week MA | $199.6 | 193% above |
AMD is in an uptrend: it's above all five of its weekly moving averages, and 193% above its 200-week average.
AOSL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.9 | 18% above |
| 20 week MA | $28.5 | 7.2% above |
| 50 week MA | $28.9 | 5.6% above |
| 100 week MA | $28.2 | 8.2% above |
| 200 week MA | $28.9 | 5.6% above |
AOSL has climbed back above all five of its weekly moving averages, and it's now 5.6% above its 200-week average.
AMD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $46.2 | $91.8 | +99% |
| 2021 | $91.8 | $146.1 | +59% |
| 2022 | $146.1 | $64.5 | -56% |
| 2023 | $64.5 | $147.4 | +128% |
| 2024 | $147.4 | $125.2 | -15% |
| 2025 | $125.2 | $215.0 | +72% |
| 2026 YTD | $215.0 | $585.3 | +172% |
AMD has the edge over AOSL on returns for 2026, with the stronger performance.
AOSL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.7 | $23.4 | +72% |
| 2021 | $23.4 | $55.3 | +136% |
| 2022 | $55.3 | $28.7 | -48% |
| 2023 | $28.7 | $26.1 | -9.3% |
| 2024 | $26.1 | $38.4 | +47% |
| 2025 | $38.4 | $20.1 | -47% |
| 2026 YTD | $20.1 | $30.5 | +52% |
AOSL's yearly returns have swung widely, from +136% in 2021 to −48% in 2022. It's up 52% so far in 2026.