AMD
Advanced Micro Devices, Inc.
AMD has the edge over AVNW overall, supported by stronger fundamentals and stronger modeled upside.
AVNW
Aviat Networks, Inc.
AVNW 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.
AVNW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Stable | |
| Healthy |
AVNW's balance sheet is currently healthy, and its revenue and cash flow are stable, but its profitability is 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.
AVNW PE Valuation
AVNW 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.
AVNW Forward outlook
There aren't enough analyst estimates for AVNW 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 AVNW on earnings quality, reporting a profit while its opponent remains loss making.
AVNW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.04 | -104% |
| Q2 2026 | $0.19 | +90% |
| Q1 2026 | $0.71 | +$1.02 |
| Q4 2025 | $1.14 | +$1.45 |
| Q3 2025 | $1.05 | +$1.47 |
| Q2 2025 | $0.10 | -88% |
| Q1 2025 | -$0.31 | -127% |
| Q4 2024 | -$0.31 | -124% |
AVNW has swung to a loss: it lost $0.04 per share over the past year, after a profit 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 AVNW 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 AVNW on profitability, with a higher operating margin.
AVNW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $102M | -5% |
| Q2 2026 | $120.9M | +4.8% |
| Q1 2026 | $100M | -11% |
| Q4 2025 | $111.5M | -5.7% |
| Q3 2025 | $107.3M | +21% |
| Q2 2025 | $115.3M | +1.3% |
| Q1 2025 | $112.6M | +0.9% |
| Q4 2024 | $118.2M | +24% |
AVNW's revenue is shrinking: $102M last quarter, down 5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.9% | -4 points |
| Q2 2026 | 4.8% | -2.9 points |
| Q1 2026 | 0.9% | -7.3 points |
| Q4 2025 | 6.5% | -0.2 points |
| Q3 2025 | 4.8% | +22 points |
| Q2 2025 | 7.7% | +4.3 points |
| Q1 2025 | 8.3% | +3.8 points |
| Q4 2024 | 6.7% | +1.5 points |
AVNW's operating margin was 0.9% last quarter, down 4 points from the same quarter a year ago, near the bottom of its range since 2019.
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 AVNW on cash flow, with more consistent year-over-year improvement.
AVNW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$7.2M | +$6.3M |
| Q2 2026 | $2.5M | -70% |
| Q1 2026 | -$5.4M | -$4.2M |
| Q4 2025 | $22.5M | +23% |
| Q3 2025 | -$13.5M | +$19.1M |
| Q2 2025 | $8.2M | +9.9% |
| Q1 2025 | -$1.2M | -108% |
| Q4 2024 | $18.3M | +$26M |
AVNW usually generates cash, though not every quarter: the latest was −$7M, but it generated $12M 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.
AVNW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.6% | -205K shares |
| 1 year | -1.2% | -154K shares |
| 3 years | +7.4% | +879K shares |
| 5 years | +7.3% | +868K shares |
| Available history | +18% | +2M shares |
AVNW has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $75,000 |
| Q1 2026 | $500,000 |
| Q1 2024 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $4.6M |
| Q1 2022 | $2M |
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.
AVNW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 1.1x | Healthy |
| Q1 2026 | 1.0x | Healthy |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 1.2x | Healthy |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 2.4x | Moderate |
| Q4 2024 | 3.7x | Elevated |
AVNW's net debt is about 1.6 years of its operating earnings (EBITDA), up from 1.2 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).
AVNW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.8 | Neutral |
| Stochastic | 19.1 | Oversold |
AVNW's weekly RSI is 37 (neutral) and its Stochastic is 19 (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.
AVNW PE vs Technology Sector
| Metric | AVNW | Sector median | Relative |
|---|---|---|---|
| PE | 93x | 28x | 234% above |
| PE % | 91 | 35 | 56 pts above |
AVNW 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 AVNW on trend strength, trading above more of its moving averages.
AVNW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.3 | 12% below |
| 20 week MA | $20.2 | 16% below |
| 50 week MA | $21.0 | 20% below |
| 100 week MA | $21.1 | 20% below |
| 200 week MA | $25.5 | 34% below |
AVNW is in a downtrend: it's below all five of its weekly moving averages, and 34% below 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 AVNW on returns for 2026, with the stronger performance.
AVNW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.06 | $17.6 | +149% |
| 2021 | $17.6 | $31.7 | +80% |
| 2022 | $31.7 | $31.1 | -1.8% |
| 2023 | $31.1 | $32.7 | +5% |
| 2024 | $32.7 | $17.8 | -45% |
| 2025 | $17.8 | $21.4 | +20% |
| 2026 YTD | $21.4 | $16.9 | -21% |
AVNW's yearly returns have swung widely, from +149% in 2020 to −45% in 2024. It's down 21% so far in 2026.