AMD
Advanced Micro Devices, Inc.
AMD has the edge over CNXN overall, supported by stronger fundamentals and stronger modeled upside.
CNXN
PC Connection, Inc.
CNXN 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.
CNXN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Strong |
CNXN's revenue, profitability and balance sheet are currently healthy, but its cash flow 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.
CNXN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $58.21 | -30% |
| Forward | 17x | $83.16 | — |
| Fair | 19x | $76.99 | -7.4% |
| Current | 21x | $83.16 | — |
| Expensive | 22x | $87.28 | +5% |
Historical ranges are pointers, not guarantees.
CNXN 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.
CNXN Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for CNXN, with profitability improving. 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 CNXN on earnings, with more consistent year-over-year improvement.
CNXN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.76 | +18% |
| Q3 2026 | $4.05 | +25% |
| Q2 2026 | $3.78 | +15% |
| Q1 2026 | $3.44 | +4.2% |
| Q4 2025 | $3.27 | -0.6% |
| Q3 2025 | $3.23 | -5% |
| Q2 2025 | $3.28 | -2.1% |
| Q1 2025 | $3.30 | +6.1% |
| Q4 2024 | $3.29 | +4.4% |
CNXN earned $4.05 per share over the past year, up 25% 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 CNXN 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 CNXN on profitability, with a higher operating margin.
CNXN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $874.3M | +23% |
| Q2 2026 | $854M | +12% |
| Q1 2026 | $721.9M | +3% |
| Q4 2025 | $702.9M | -0.8% |
| Q3 2025 | $709.1M | -2.2% |
| Q2 2025 | $759.7M | +3.2% |
| Q1 2025 | $701M | +11% |
| Q4 2024 | $708.9M | +1.8% |
CNXN's revenue has picked up after two years of holding roughly level: $874M last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.7% | +0.4 points |
| Q2 2026 | 5% | +1 points |
| Q1 2026 | 2.8% | +0.7 points |
| Q4 2025 | 3.4% | +0.2 points |
| Q3 2025 | 4.3% | +0.1 points |
| Q2 2025 | 4.1% | -0.1 points |
| Q1 2025 | 2.1% | -0.1 points |
| Q4 2024 | 3.2% | -0.8 points |
CNXN's operating margin was 4.7% last quarter, about level with 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 CNXN on cash generation, producing positive trailing cash flow while its opponent burns cash.
CNXN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $7.6M | -88% |
| Q2 2026 | -$65.7M | -367% |
| Q1 2026 | $12.3M | +$66.4M |
| Q4 2025 | $25.2M | -0.1% |
| Q3 2025 | $62.3M | +22% |
| Q2 2025 | $24.6M | -33% |
| Q1 2025 | -$54.1M | -197% |
| Q4 2024 | $25.2M | +105% |
CNXN's free cash flow was −$21M over the past year, against $58M 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 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.
CNXN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +102K shares |
| 1 year | -0.2% | -48K shares |
| 3 years | -3.8% | -993K shares |
| 5 years | -3.5% | -927K shares |
| Available history | -4.1% | -1.1M shares |
CNXN has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $2.5M |
| Q4 2025 | $10.7M |
| Q3 2025 | $5.1M |
| Q2 2025 | $16.7M |
| Q1 2025 | $43.7M |
| Q4 2024 | $4.6M |
CNXN spent $13M buying back its own shares over the past year, down 81% 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.
CNXN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | -1.7x | Net Cash |
| Q2 2025 | -1.7x | Net Cash |
| Q1 2025 | -1.6x | Net Cash |
| Q4 2024 | -1.6x | Net Cash |
| Q3 2024 | -1.5x | Net Cash |
| Q2 2024 | -1.1x | Net Cash |
| Q1 2024 | -1.3x | Net Cash |
| Q4 2023 | -1.3x | Net Cash |
CNXN 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).
CNXN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.2 | Neutral |
| Stochastic | 33.1 | Neutral |
CNXN's weekly RSI is 54 (neutral) and its Stochastic is 33 (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.
CNXN PE vs Technology Sector
| Metric | CNXN | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 26% below |
| PE % | 71 | 35 | 36 pts above |
CNXN 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 CNXN on trend strength, trading above more of its moving averages.
CNXN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $87.7 | 5.2% below |
| 20 week MA | $83.7 | 0.7% below |
| 50 week MA | $71.2 | 17% above |
| 100 week MA | $67.7 | 23% above |
| 200 week MA | $63.4 | 31% above |
CNXN has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 31% 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 CNXN on returns for 2026, with the stronger performance.
CNXN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.0 | $44.3 | -13% |
| 2021 | $44.3 | $44.1 | -0.3% |
| 2022 | $44.1 | $47.7 | +8.1% |
| 2023 | $47.7 | $67.2 | +41% |
| 2024 | $67.2 | $69.5 | +3.4% |
| 2025 | $69.5 | $59.7 | -14% |
| 2026 YTD | $59.7 | $83.2 | +39% |
CNXN is up 39% so far in 2026, after finishing lower in three of the previous six years.