AMD
Advanced Micro Devices, Inc.
AMD has the edge over BHE overall, supported by stronger valuation and stronger fundamentals.
BHE
Benchmark Electronics, Inc.
BHE 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.
BHE Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
BHE'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.
BHE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $25.39 | -61% |
| Forward | 19x | $64.81 | — |
| Fair | 26x | $40.74 | -37% |
| Current | 42x | $64.81 | — |
| Expensive | 61x | $93.51 | +44% |
Historical ranges are pointers, not guarantees.
BHE 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 |
AMD has the edge over BHE on the outlook, with more favorable profitability expectations.
BHE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for BHE, with profitability holding steady.
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 BHE on earnings, with more consistent year-over-year improvement.
BHE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.41 | +121% |
| Q3 2026 | $1.54 | +52% |
| Q2 2026 | $1.46 | +40% |
| Q1 2026 | $0.94 | -35% |
| Q4 2025 | $0.68 | -60% |
| Q3 2025 | $1.01 | -41% |
| Q2 2025 | $1.04 | -44% |
| Q1 2025 | $1.44 | -21% |
| Q4 2024 | $1.72 | -3.9% |
BHE earned $1.54 per share over the past year, up 52% 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 BHE 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 BHE on profitability, with a higher operating margin.
BHE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $810.9M | +19% |
| Q2 2026 | $756M | +18% |
| Q1 2026 | $677.3M | +7.2% |
| Q4 2025 | $704.3M | +7.2% |
| Q3 2025 | $680.7M | +3.5% |
| Q2 2025 | $642.3M | -3.5% |
| Q1 2025 | $631.8M | -6.5% |
| Q4 2024 | $656.9M | -5% |
BHE's revenue has grown year over year for five quarters in a row: $811M last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.8% | +0.3 points |
| Q2 2026 | 4% | +0.8 points |
| Q1 2026 | 3.2% | +1.4 points |
| Q4 2025 | 2.9% | -1.5 points |
| Q3 2025 | 3.5% | -0.8 points |
| Q2 2025 | 3.2% | -0.9 points |
| Q1 2025 | 1.9% | -1.9 points |
| Q4 2024 | 4.3% | -0.3 points |
BHE's operating margin was 3.8% last quarter, about level with 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.
BHE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $15.4M | -39% |
| Q2 2026 | $21.8M | +$36.9M |
| Q1 2026 | $31M | +10% |
| Q4 2025 | $48.2M | +30% |
| Q3 2025 | $25.1M | -14% |
| Q1 2025 | $28.1M | -35% |
| Q4 2024 | $37.2M | -71% |
| Q3 2024 | $29.2M | +63% |
BHE still generates free cash flow, though less than at its 2023 peak: $116M 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.
BHE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -1K shares |
| 1 year | +0.6% | +214K shares |
| 3 years | +1.4% | +520K shares |
| 5 years | +2% | +730K shares |
| Available history | -6.1% | -2.4M shares |
BHE has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $8.5M |
| Q2 2026 | — |
| Q1 2026 | $5.8M |
| Q4 2025 | $854,000 |
| Q3 2025 | $10M |
| Q2 2025 | $8M |
| Q1 2025 | $8M |
| Q4 2024 | $1,000 |
BHE spent $15M buying back its own shares over the past year, down 42% 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.
BHE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.9x | Net Cash |
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | -0.9x | Net Cash |
| Q4 2025 | -0.9x | Net Cash |
| Q3 2025 | -0.5x | Net Cash |
| Q2 2025 | -0.4x | Net Cash |
| Q1 2025 | -0.6x | Net Cash |
| Q4 2024 | -0.4x | Net Cash |
BHE 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).
BHE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.6 | Neutral |
| Stochastic | 14.1 | Oversold |
BHE's weekly RSI is 43 (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.
BHE PE vs Technology Sector
| Metric | BHE | Sector median | Relative |
|---|---|---|---|
| PE | 42x | 28x | 51% above |
| PE % | 69 | 35 | 34 pts above |
BHE 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 BHE on trend strength, trading above more of its moving averages.
BHE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $72.7 | 11% below |
| 20 week MA | $76.3 | 15% below |
| 50 week MA | $68.7 | 5.7% below |
| 100 week MA | $54.4 | 19% above |
| 200 week MA | $43.0 | 51% above |
BHE has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 51% 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 BHE on returns for 2026, with the stronger performance.
BHE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $34.6 | $26.7 | -23% |
| 2021 | $26.7 | $26.4 | -1% |
| 2022 | $26.4 | $27.0 | +2.2% |
| 2023 | $27.0 | $27.6 | +2.4% |
| 2024 | $27.6 | $46.1 | +67% |
| 2025 | $46.1 | $44.8 | -2.8% |
| 2026 YTD | $44.8 | $64.8 | +45% |
BHE is up 45% so far in 2026, after finishing lower in three of the previous six years.