AMD
Advanced Micro Devices, Inc.
AMD has the edge over BL overall, supported by stronger fundamentals and stronger modeled upside.
BL
BlackLine, Inc.
BL has slightly 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.
BL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Strong | |
| Healthy |
BL's cash flow and balance sheet are currently healthy, and its revenue and profitability are 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.
BL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 11x | $28.48 | — |
| Cheap | 41x | $26.87 | -5.7% |
| Current | 44x | $28.48 | — |
| Fair | 68x | $44.36 | +56% |
| Expensive | 95x | $61.45 | +116% |
Historical ranges are pointers, not guarantees.
BL 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.
BL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BL, with profitability improving.
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 BL on earnings, with more consistent year-over-year improvement.
BL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.66 | +310% |
| Q3 2026 | $0.65 | -41% |
| Q2 2026 | $0.56 | -57% |
| Q1 2024 | $1.18 | +$1.70 |
| Q4 2023 | $0.81 | +$1.30 |
| Q3 2023 | $0.64 | +$1.96 |
| Q2 2023 | $0.11 | +$1.32 |
| Q1 2023 | -$0.52 | +$0.95 |
| Q4 2022 | -$0.49 | +$1.48 |
BL's earnings per share have fallen from their peak: $0.65 over the past year, against $1.29 in mid-2025.
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 BL 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 BL on profitability, with a higher operating margin.
BL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $193.4M | +8.5% |
| Q2 2026 | $187.8M | +9.2% |
| Q1 2026 | $183.2M | +9.7% |
| Q4 2025 | $183.2M | +8.1% |
| Q3 2025 | $178.3M | +7.5% |
| Q2 2025 | $172M | +7.2% |
| Q1 2025 | $166.9M | +6% |
| Q4 2024 | $169.5M | +8.8% |
BL's revenue has grown year over year every quarter since late 2020: $193M last quarter, up 8.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.7% | +4.4 points |
| Q2 2026 | 5.8% | +1.5 points |
| Q1 2026 | 3.4% | +1.3 points |
| Q4 2025 | 3.7% | +0.1 points |
| Q3 2025 | 4.3% | -0.8 points |
| Q2 2025 | 4.4% | +3 points |
| Q1 2025 | 2.1% | +1 points |
| Q4 2024 | 3.7% | -4.6 points |
BL's operating margin was 8.7% last quarter, up 4.4 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 BL on cash flow, with more consistent year-over-year improvement.
BL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $64.5M | +1.9% |
| Q2 2026 | $43.1M | +37% |
| Q1 2026 | $44.2M | +8.3% |
| Q4 2025 | $26.1M | -39% |
| Q3 2025 | $63.3M | +14% |
| Q2 2025 | $31.4M | -22% |
| Q1 2025 | $40.8M | -19% |
| Q4 2024 | $43M | +7.2% |
BL generated $178M in free cash flow over the past year, about the same as 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 BL 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.
BL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -741K shares |
| 1 year | +7.3% | +4.6M shares |
| 3 years | -5.5% | -4M shares |
| 5 years | +16% | +9.6M shares |
| Available history | +23% | +12.5M shares |
BL has 68M diluted shares, up 7.3% from a year ago, despite $158M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $38.7M |
| Q2 2026 | $38.5M |
| Q1 2026 | $46M |
| Q4 2025 | $34.8M |
| Q3 2025 | $111.9M |
| Q2 2025 | $43.3M |
| Q1 2025 | $45.5M |
BL spent $158M buying back its own shares over the past year.
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.
BL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.4x | Net Cash |
| Q2 2026 | -3.0x | Net Cash |
| Q1 2026 | -3.2x | Net Cash |
| Q4 2025 | -5.4x | Net Cash |
| Q3 2025 | -5.9x | Net Cash |
| Q2 2025 | -6.2x | Net Cash |
| Q1 2025 | -6.9x | Net Cash |
| Q4 2024 | -12.9x | Net Cash |
BL 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).
BL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.8 | Neutral |
| Stochastic | 40.7 | Neutral |
BL's weekly RSI is 45 (neutral) and its Stochastic is 41 (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.
BL PE vs Technology Sector
| Metric | BL | Sector median | Relative |
|---|---|---|---|
| PE | 44x | 28x | 57% above |
| PE % | 22 | 35 | 13 pts below |
BL 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 BL on trend strength, trading above more of its moving averages.
BL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.7 | 4.2% below |
| 20 week MA | $30.1 | 5.3% below |
| 50 week MA | $35.8 | 20% below |
| 100 week MA | $44.8 | 36% below |
| 200 week MA | $51.0 | 44% below |
BL is in a downtrend: it's below all five of its weekly moving averages, and 44% 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 BL on returns for 2026, with the stronger performance.
BL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $52.4 | $137.8 | +163% |
| 2021 | $137.8 | $103.9 | -25% |
| 2022 | $103.9 | $65.8 | -37% |
| 2023 | $65.8 | $62.4 | -5.1% |
| 2024 | $62.4 | $61.2 | -2% |
| 2025 | $61.2 | $57.8 | -5.6% |
| 2026 YTD | $57.8 | $28.5 | -51% |
BL has finished five years in a row lower, and it's down 51% so far in 2026.