AMD
Advanced Micro Devices, Inc.
AMD has the edge over BELFA overall, supported by stronger fundamentals and stronger modeled upside.
BELFA
Bel Fuse Inc.
BELFA'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.
BELFA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
BELFA'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'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.
BELFA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.4x | N/A | N/A |
| Fair | 11x | N/A | N/A |
| Forward | 15x | $184 | — |
| Expensive | 25x | N/A | N/A |
| Current | 48x | $184 | — |
Historical ranges are pointers, not guarantees.
BELFA's PE is 48x, but its earnings don't support one, so it isn't a reliable read right now.
AMD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Low |
AMD has the edge over BELFA on the outlook, with more favorable profitability expectations.
BELFA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for BELFA, with profitability holding steady. 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's earnings per share have climbed steadily: $4.60 over the past year, up 127% from the year before, and higher year over year for 11 quarters in a row.
BELFA Earnings Per Share
BELFA and AMD do not have enough comparable growth data to identify a winner.
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 BELFA on sales, with stronger typical year-over-year growth.
| 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 BELFA on profitability, with a higher operating margin.
BELFA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $220.5M | +23% |
| Q2 2026 | $210.7M | +25% |
| Q1 2026 | $178.5M | +17% |
| Q4 2025 | $175.9M | +17% |
| Q3 2025 | $179M | +45% |
| Q2 2025 | $168.3M | +26% |
| Q1 2025 | $152.2M | +19% |
| Q4 2024 | $149.9M | +7% |
BELFA's revenue has grown year over year for eight quarters in a row: $221M last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | +1 points |
| Q2 2026 | 18% | +0.5 points |
| Q1 2026 | 13% | -3.2 points |
| Q4 2025 | 15% | +6.4 points |
| Q3 2025 | 17% | +7.7 points |
| Q2 2025 | 18% | +0.8 points |
| Q1 2025 | 16% | +2.5 points |
| Q4 2024 | 8.3% | -3.5 points |
BELFA's operating margin was 18% last quarter, up 1 points from the same quarter a year ago, near the top 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 BELFA on cash flow, with more consistent year-over-year improvement.
BELFA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $28M | +38% |
| Q2 2026 | $15.7M | -6.6% |
| Q1 2026 | $11.2M | +109% |
| Q4 2025 | $26.1M | +1121% |
| Q3 2025 | $20.3M | -14% |
| Q2 2025 | $16.8M | -46% |
| Q1 2025 | $5.4M | +66% |
| Q4 2024 | $2.1M | -91% |
BELFA generated $81M in free cash flow over the past year, up 82% 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 BELFA 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.
BELFA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +652 shares |
| 1 year | +14% | +1.8M shares |
| 3 years | +13% | +1.7M shares |
| 5 years | +16% | +2M shares |
| Available history | +18% | +2.2M shares |
BELFA has 14M diluted shares, up 14% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | $1.9M |
| Q2 2024 | $7.9M |
| Q1 2024 | $6.3M |
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.
BELFA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.2x | Net Cash |
| Q2 2026 | -2.1x | Net Cash |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 1.0x | Healthy |
| Q3 2025 | 1.4x | Healthy |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 2.4x | Moderate |
| Q4 2024 | 2.7x | Moderate |
BELFA 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).
BELFA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.1 | Neutral |
| Stochastic | 25.4 | Neutral |
BELFA's weekly RSI is 45 (neutral) and its Stochastic is 25 (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.
BELFA PE vs Technology Sector
| Metric | BELFA | Sector median | Relative |
|---|---|---|---|
| PE | 48x | 28x | 71% above |
| PE % | 87 | 35 | 52 pts above |
BELFA 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 BELFA on trend strength, trading above more of its moving averages.
BELFA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $184.3 | 0% below |
| 20 week MA | $206.3 | 11% below |
| 50 week MA | $207.2 | 11% below |
| 100 week MA | $150.6 | 22% above |
| 200 week MA | $107.6 | 71% above |
BELFA has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 71% 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 BELFA on returns for 2026, with the stronger performance.
BELFA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.2 | $13.8 | -15% |
| 2021 | $13.8 | $14.2 | +2.8% |
| 2022 | $14.2 | $31.4 | +121% |
| 2023 | $31.4 | $64.6 | +106% |
| 2024 | $64.6 | $88.3 | +37% |
| 2025 | $88.3 | $157.4 | +78% |
| 2026 YTD | $157.4 | $184.2 | +17% |
BELFA has finished higher in five of the last six years, three of them by more than 50%. It's up 17% so far in 2026.