AMD
Advanced Micro Devices, Inc.
AMD has the edge over DBX overall, supported by stronger fundamentals and stronger modeled upside.
DBX
Dropbox, Inc.
DBX 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.
DBX Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Stable |
DBX's profitability and cash flow are currently strong, and its revenue and balance sheet 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.
DBX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 10x | $33.51 | — |
| Cheap | 15x | $27.58 | -18% |
| Fair | 18x | $34.00 | +1.5% |
| Current | 18x | $33.51 | — |
| Expensive | 25x | $45.96 | +37% |
Historical ranges are pointers, not guarantees.
DBX 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 DBX on the outlook, with more favorable revenue expectations.
DBX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect DBX's earnings to grow and its profitability to improve, with its revenue 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 DBX on earnings, with more consistent year-over-year improvement.
DBX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.25 | +76% |
| Q3 2026 | $1.85 | +5.1% |
| Q2 2026 | $1.80 | +10% |
| Q1 2026 | $1.83 | +20% |
| Q4 2025 | $1.86 | +33% |
| Q3 2025 | $1.76 | +2.3% |
| Q2 2025 | $1.63 | -4.7% |
| Q1 2025 | $1.52 | +1.3% |
| Q4 2024 | $1.40 | +6.9% |
DBX earned $1.85 per share over the past year, up 5.1% 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 DBX 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's operating margin was 21% last quarter, up 7.4 points from the same quarter a year ago.
DBX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $637.3M | +0.5% |
| Q2 2026 | $631.5M | +0.9% |
| Q1 2026 | $629.5M | +0.8% |
| Q4 2025 | $636.2M | -1.1% |
| Q3 2025 | $634.4M | -0.7% |
| Q2 2025 | $625.7M | -1.4% |
| Q1 2025 | $624.7M | -1% |
| Q4 2024 | $643.6M | +1.4% |
DBX's revenue grew through 2023 and has held roughly level since: $637M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 27% | -0.1 points |
| Q2 2026 | 26% | -0.8 points |
| Q1 2026 | 27% | -2 points |
| Q4 2025 | 26% | +12 points |
| Q3 2025 | 28% | +7.5 points |
| Q2 2025 | 27% | +6.9 points |
| Q1 2025 | 29% | +6.7 points |
| Q4 2024 | 14% | -28 points |
DBX has the edge over AMD on profitability, with a higher operating margin.
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 DBX on cash flow, with more consistent year-over-year improvement.
DBX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $251.8M | -14% |
| Q2 2026 | $235.2M | -9% |
| Q1 2026 | $203.3M | +32% |
| Q4 2025 | $224.9M | +6.8% |
| Q3 2025 | $293.7M | +8.7% |
| Q2 2025 | $258.5M | +15% |
| Q1 2025 | $153.7M | -7.6% |
| Q4 2024 | $210.5M | +11% |
DBX's free cash flow has been positive every quarter for seven years: $915M 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 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.
DBX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -1.7M shares |
| 1 year | -15% | -40M shares |
| 3 years | -35% | -121M shares |
| 5 years | -43% | -173M shares |
| Available history | -45% | -187M shares |
DBX has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $150.2M |
| Q2 2026 | $330.3M |
| Q1 2026 | $366.8M |
| Q4 2025 | $415M |
| Q3 2025 | $389.8M |
| Q2 2025 | $410M |
| Q1 2025 | $499.1M |
| Q4 2024 | $353.3M |
DBX spent $1.3B buying back its own shares over the past year, down 24% 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.
DBX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.8x | Healthy |
| Q2 2026 | 1.9x | Healthy |
| Q1 2026 | 1.7x | Healthy |
| Q4 2025 | 0.7x | Very low |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.0x | Very low |
| Q4 2024 | -0.6x | Net Cash |
DBX's net debt is about 1.8 years of its operating earnings (EBITDA), up from less than a year a year ago.
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).
DBX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.7 | Neutral |
| Stochastic | 53.7 | Neutral |
DBX's weekly RSI is 53 (neutral) and its Stochastic is 54 (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.
DBX PE vs Technology Sector
| Metric | DBX | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 28x | 35% below |
| PE % | 44 | 35 | 9 pts above |
DBX 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 DBX on trend strength, trading above more of its moving averages.
DBX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $34.8 | 3.7% below |
| 20 week MA | $33.7 | 0.7% below |
| 50 week MA | $29.1 | 15% above |
| 100 week MA | $29.0 | 16% above |
| 200 week MA | $27.1 | 24% above |
DBX has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 24% 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 DBX on returns for 2026, with the stronger performance.
DBX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.7 | $24.7 | +39% |
| 2021 | $24.7 | $25.0 | +1.3% |
| 2022 | $25.0 | $22.5 | -10% |
| 2023 | $22.5 | $29.5 | +31% |
| 2024 | $29.5 | $30.5 | +3.5% |
| 2025 | $30.5 | $28.0 | -8.3% |
| 2026 YTD | $28.0 | $33.5 | +20% |
DBX has finished higher in four of the last six years. It's up 20% so far in 2026.