AMD
Advanced Micro Devices, Inc.
AMD has the edge over ARW overall, supported by stronger fundamentals.
ARW
Arrow Electronics, Inc.
ARW has lower modeled downside risk, despite its lower overall score.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
ARW Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Stable | |
| Healthy |
ARW's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
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.
ARW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.4x | $126 | -37% |
| Current | 10x | $198 | — |
| Fair | 12x | $231 | +17% |
| Expensive | 15x | $296 | +49% |
Historical ranges are pointers, not guarantees.
ARW has the edge over AMD in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
ARW Forward outlook
There aren't enough analyst estimates for ARW to show an outlook.
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 ARW on earnings, with more consistent year-over-year improvement.
ARW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $19.72 | +118% |
| Q2 2026 | $15.64 | +77% |
| Q1 2026 | $13.97 | +92% |
| Q4 2025 | $10.93 | +50% |
| Q3 2025 | $9.06 | +0.6% |
| Q2 2025 | $8.85 | -17% |
| Q1 2025 | $7.27 | -43% |
| Q4 2024 | $7.29 | -54% |
ARW earned $19.72 per share over the past year, up 118% from 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 ARW 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 ARW on profitability, with a higher operating margin.
ARW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $10.7B | +39% |
| Q2 2026 | $10B | +32% |
| Q1 2026 | $9.5B | +39% |
| Q4 2025 | $8.7B | +20% |
| Q3 2025 | $7.7B | +13% |
| Q2 2025 | $7.6B | +10% |
| Q1 2025 | $6.8B | -1.6% |
| Q4 2024 | $7.3B | -7.2% |
ARW's revenue has grown year over year for six quarters in a row: $10.7B last quarter, up 39% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4% | +1.7 points |
| Q2 2026 | 3.8% | +1.3 points |
| Q1 2026 | 3.8% | +1.5 points |
| Q4 2025 | 3.4% | +0.7 points |
| Q3 2025 | 2.3% | -0.3 points |
| Q2 2025 | 2.5% | -0.6 points |
| Q1 2025 | 2.3% | -0.4 points |
| Q4 2024 | 2.7% | -1.4 points |
ARW's operating margin was 4% last quarter, up 1.7 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 ARW on cash flow, with more consistent year-over-year improvement.
ARW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$468.3M | -$156.3M |
| Q2 2026 | $297.2M | +$521.7M |
| Q1 2026 | $667.6M | +104% |
| Q4 2025 | $172.6M | -43% |
| Q3 2025 | -$312M | -603% |
| Q2 2025 | -$224.5M | -175% |
| Q1 2025 | $326.7M | -13% |
| Q4 2024 | $303.9M | +16% |
ARW usually generates cash, though not every quarter: the latest was −$468M, but it generated $669M over the past year.
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.
ARW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -252K shares |
| 1 year | -1% | -526K shares |
| 3 years | -8.3% | -4.7M shares |
| 5 years | -29% | -21M shares |
| Available history | -38% | -32M shares |
ARW has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $99.3M |
| Q2 2026 | $41.9M |
| Q1 2026 | $33.3M |
| Q4 2025 | $50.9M |
| Q3 2025 | $630,000 |
| Q2 2025 | $50.7M |
| Q1 2025 | $59.4M |
| Q4 2024 | $50.8M |
ARW spent $225M buying back its own shares over the past year, up 39% from the year before.
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.
ARW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 1.4x | Healthy |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 3.4x | Elevated |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 2.9x | Moderate |
| Q4 2024 | 3.2x | Elevated |
ARW's net debt is about 1.6 years of its operating earnings (EBITDA), down from 3.4 years a year ago.
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).
ARW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 20.5 | Neutral |
ARW's weekly RSI is 48 (neutral) and its Stochastic is 21 (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.
ARW PE vs Technology Sector
| Metric | ARW | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 28x | 64% below |
| PE % | 42 | 35 | 7 pts above |
ARW has the edge over AMD on valuation relative to its sector.
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 has the edge over ARW on trend strength, trading above more of its moving averages.
ARW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $214.3 | 7.5% below |
| 20 week MA | $212.5 | 6.7% below |
| 50 week MA | $181.1 | 9.4% above |
| 100 week MA | $148.7 | 33% above |
| 200 week MA | $136.5 | 45% above |
ARW has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 45% 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 ARW on returns for 2026, with the stronger performance.
ARW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $84.5 | $97.1 | +15% |
| 2021 | $97.1 | $130.9 | +35% |
| 2022 | $130.9 | $103.9 | -21% |
| 2023 | $103.9 | $122.3 | +18% |
| 2024 | $122.3 | $114.0 | -6.8% |
| 2025 | $114.0 | $113.4 | -0.5% |
| 2026 YTD | $113.4 | $198.2 | +75% |
ARW is up 75% so far in 2026, after finishing lower in three of the previous six years.