AMD
Advanced Micro Devices, Inc.
AMD has the edge over CMRC overall, supported by stronger fundamentals and stronger modeled upside.
CMRC
Commerce.com, Inc.
CMRC'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.
CMRC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Weak |
CMRC's revenue, profitability and cash flow are currently stable, but its balance sheet is weak.
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.
CMRC PE Valuation
CMRC 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 |
AMD has the edge over CMRC on the outlook, with more favorable revenue expectations.
CMRC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect CMRC's earnings to grow and its profitability to improve, with its revenue 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 has the edge over CMRC on earnings quality, reporting a profit while its opponent remains loss making.
CMRC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.57 | — |
| Q3 2026 | -$0.09 | +$0.07 |
| Q2 2026 | -$0.08 | +$0.14 |
| Q1 2026 | -$0.19 | +$0.08 |
| Q4 2025 | -$0.24 | +$0.11 |
| Q3 2025 | -$0.16 | +$0.20 |
| Q2 2025 | -$0.22 | +$0.32 |
| Q1 2025 | -$0.27 | +$0.37 |
| Q4 2024 | -$0.35 | +$0.51 |
CMRC is still losing money, but far less than before: $0.09 per share over the past year, against $1.95 at its worst in late 2022.
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 CMRC 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 CMRC on profitability, with a higher operating margin.
CMRC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $84.2M | -2.1% |
| Q2 2026 | $84.5M | +0.1% |
| Q1 2026 | $86.8M | +5.4% |
| Q4 2025 | $89.5M | +2.9% |
| Q3 2025 | $86M | +2.8% |
| Q2 2025 | $84.4M | +3.2% |
| Q1 2025 | $82.4M | +2.5% |
| Q4 2024 | $87M | +3.4% |
CMRC's revenue grew through 2024 and has held roughly level since: $84M last quarter, down 2.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -2.1% | -1.6 points |
| Q2 2026 | 3.2% | +11 points |
| Q1 2026 | 6.6% | +9.6 points |
| Q4 2025 | -7.4% | -6.5 points |
| Q3 2025 | -0.5% | +22 points |
| Q2 2025 | -8% | +8.4 points |
| Q1 2025 | -2.9% | +7.3 points |
| Q4 2024 | -0.9% | +5.9 points |
CMRC's operating margin was −2.1% last quarter, down 1.6 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 has the edge over CMRC on cash flow, with more consistent year-over-year improvement.
CMRC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.7M | -24% |
| Q2 2026 | $50K | -100% |
| Q1 2026 | $14.1M | +$14.5M |
| Q3 2025 | $7.6M | +36% |
| Q2 2025 | $11.9M | +1.4% |
| Q1 2025 | -$424K | +$3M |
| Q3 2024 | $5.6M | +$37M |
| Q2 2024 | $11.7M | -20% |
CMRC has burned cash in most quarters: $18M over the past year, down 28% 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 CMRC 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.
CMRC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +164K shares |
| 1 year | +2.7% | +2.2M shares |
| 3 years | +10% | +7.6M shares |
| 5 years | +16% | +11.6M shares |
| Available history | +46% | +26.1M shares |
CMRC has 83M diluted shares, up 2.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2020 | — |
| Q4 2019 | — |
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.
CMRC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.2x | High |
| Q2 2026 | 7.7x | High |
| Q1 2026 | 23.6x | High |
| Q3 2025 | 28.3x | High |
CMRC's net debt is about 5.2 years of its operating earnings (EBITDA).
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).
CMRC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.5 | Neutral |
| Stochastic | 74.5 | Neutral |
CMRC's weekly RSI is 57 (neutral) and its Stochastic is 74 (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.
CMRC PE vs Technology Sector
CMRC has no meaningful PE right now: it lost money over the past year.
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 CMRC on trend strength, trading above more of its moving averages.
CMRC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.43 | 3.2% above |
| 20 week MA | $3.06 | 16% above |
| 50 week MA | $3.13 | 13% above |
| 100 week MA | $4.21 | 16% below |
| 200 week MA | $6.25 | 43% below |
CMRC has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 43% 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 CMRC on returns for 2026, with the stronger performance.
CMRC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $79.0 | $72.8 | -7.8% |
| 2021 | $72.8 | $38.5 | -47% |
| 2022 | $38.5 | $8.34 | -78% |
| 2023 | $8.34 | $9.73 | +17% |
| 2024 | $9.73 | $6.13 | -37% |
| 2025 | $6.13 | $4.19 | -32% |
| 2026 YTD | $4.19 | $3.54 | -16% |
CMRC has finished lower in five of the last six years. It's down 16% so far in 2026.