AMD
Advanced Micro Devices, Inc.
AMD has the edge over ASYS overall, supported by stronger fundamentals and stronger modeled upside.
ASYS
Amtech Systems, Inc.
ASYS trails on the overall score without a compensating advantage in the available component scores.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
ASYS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
ASYS's revenue, profitability, cash flow and balance sheet are all currently healthy.
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 has the edge over ASYS in the historical PE scenario, which offers more potential upside but is not a forecast.
ASYS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.2x | $2.48 | -80% |
| Fair | 32x | $8.65 | -30% |
| Forward | 35x | $12.43 | — |
| Current | 46x | $12.43 | — |
| Expensive | 78x | $20.98 | +69% |
Historical ranges are pointers, not guarantees.
ASYS's PE is in its fair range at 46x. If earnings grow as analysts expect, today's price would be 35x next year's earnings.
AMD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Low |
AMD has the edge over ASYS on the outlook, with more favorable profitability expectations.
ASYS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ASYS, but weaker profitability.
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 ASYS on earnings, with more consistent year-over-year improvement.
ASYS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.36 | +33% |
| Q2 2026 | $0.27 | +$2.51 |
| Q1 2026 | $0.18 | +$2.40 |
| Q4 2025 | -$2.13 | -2762% |
| Q3 2025 | -$2.12 | -$1.52 |
| Q2 2025 | -$2.24 | -$0.83 |
| Q1 2025 | -$2.22 | -$0.71 |
| Q4 2024 | $0.08 | +$1.43 |
| Q3 2024 | -$0.60 | +$0.29 |
ASYS has returned to profit: it earned $0.27 per share over the past year, after losing money 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 ASYS 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 ASYS on profitability, with a higher operating margin.
ASYS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $22.4M | +14% |
| Q1 2026 | $20.5M | +31% |
| Q4 2025 | $19M | -22% |
| Q3 2025 | $19.8M | -18% |
| Q2 2025 | $19.6M | -27% |
| Q1 2025 | $15.6M | -39% |
| Q4 2024 | $24.4M | -2.1% |
| Q3 2024 | $24.1M | -13% |
ASYS's revenue is recovering but still below its 2023 peak: $22M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 9.9% | +5.2 points |
| Q1 2026 | 8.8% | +212 points |
| Q4 2025 | 4.1% | +2.7 points |
| Q3 2025 | 9.3% | +9.2 points |
| Q2 2025 | 4.7% | +1.6 points |
| Q1 2025 | -203% | -208 points |
| Q4 2024 | 1.4% | +37 points |
| Q3 2024 | 0.1% | +42 points |
ASYS's operating margin was 9.9% last quarter, up 5.2 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 generated $7.1B in free cash flow over the past year, up 30% from the year before.
ASYS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $994K | -50% |
| Q1 2026 | $1.9M | +843% |
| Q4 2025 | $3.8M | +40% |
| Q3 2025 | $2M | +54% |
| Q2 2025 | $2M | +515% |
| Q1 2025 | $201K | +$1.1M |
| Q4 2024 | $2.7M | -35% |
| Q3 2024 | $1.3M | +$2.8M |
ASYS generated $9M in free cash flow over the past year, up 41% from 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 the edge over ASYS on shareholder dilution, with a more favorable share count trend.
| 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.
ASYS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.4% | +1.1M shares |
| 1 year | +12% | +1.7M shares |
| 3 years | +14% | +2M shares |
| 5 years | +12% | +1.7M shares |
| Available history | +12% | +1.7M shares |
ASYS has 16M diluted shares, up 12% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | $1.4M |
| Q4 2021 | $2.7M |
| Q3 2020 | — |
| Q2 2020 | — |
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.
ASYS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -9.2x | Net Cash |
| Q1 2026 | -3.1x | Net Cash |
| Q4 2024 | -2.4x | Net Cash |
| Q2 2023 | -0.7x | Net Cash |
| Q1 2023 | -0.4x | Net Cash |
| Q4 2022 | -3.0x | Net Cash |
| Q3 2022 | -2.5x | Net Cash |
| Q2 2022 | -2.9x | Net Cash |
ASYS 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).
ASYS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.2 | Neutral |
| Stochastic | 14.1 | Oversold |
ASYS's weekly RSI is 42 (neutral) and its Stochastic is 14 (oversold).
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.
ASYS PE vs Technology Sector
| Metric | ASYS | Sector median | Relative |
|---|---|---|---|
| PE | 46x | 28x | 65% above |
| PE % | 60 | 35 | 25 pts above |
ASYS 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 ASYS on trend strength, trading above more of its moving averages.
ASYS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.0 | 11% below |
| 20 week MA | $15.1 | 18% below |
| 50 week MA | $15.3 | 19% below |
| 100 week MA | $10.5 | 19% above |
| 200 week MA | $8.74 | 42% above |
ASYS has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 42% 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 ASYS on returns for 2026, with the stronger performance.
ASYS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.01 | $6.13 | -13% |
| 2021 | $6.13 | $9.49 | +55% |
| 2022 | $9.49 | $7.85 | -17% |
| 2023 | $7.85 | $4.20 | -46% |
| 2024 | $4.20 | $5.54 | +32% |
| 2025 | $5.54 | $12.8 | +130% |
| 2026 YTD | $12.8 | $12.4 | -2.6% |
ASYS's yearly returns have swung widely, from +130% in 2025 to −46% in 2023. It's down 2.6% so far in 2026.