AMD
Advanced Micro Devices, Inc.
AMD has the edge over DQ overall, supported by stronger fundamentals and stronger modeled upside.
DQ
Daqo New Energy Corp.
DQ'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.
DQ Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Weak | |
| Strong |
DQ's balance sheet is currently strong, but its revenue, profitability and cash flow are 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.
DQ PE Valuation
DQ 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 |
Analysts expect strong earnings and revenue growth for AMD, with profitability improving. However, they disagree widely on these estimates.
DQ Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect DQ's losses to shrink, with revenue growing.
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 DQ on earnings quality, reporting a profit while its opponent remains loss making.
DQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.41 | +$1.76 |
| Q2 2026 | -$2.83 | +$3.02 |
| Q1 2026 | -$2.78 | +$3.72 |
| Q4 2025 | -$2.57 | +$2.60 |
| Q3 2025 | -$5.17 | -$3.36 |
| Q2 2025 | -$5.85 | -$4.85 |
| Q1 2025 | -$6.50 | -402% |
| Q4 2024 | -$5.17 | -195% |
DQ is still losing money, but less than at its worst: $3.41 per share over the past year, against $6.50 at its worst in early 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 DQ 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 DQ on profitability, with a higher operating margin.
DQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $194.7M | -21% |
| Q2 2026 | $62.8M | -17% |
| Q1 2026 | $26.7M | -78% |
| Q4 2025 | $221.7M | +13% |
| Q3 2025 | $244.9M | +23% |
| Q2 2025 | $75.5M | -66% |
| Q1 2025 | $123.9M | -70% |
| Q4 2024 | $195.4M | -59% |
DQ's revenue has slid since its 2022 peak: $195M last quarter, down 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -41% | -32 points |
| Q2 2026 | -160% | -7.7 points |
| Q1 2026 | -564% | -472 points |
| Q4 2025 | -9.4% | +145 points |
| Q3 2025 | -9.5% | +40 points |
| Q2 2025 | -152% | -62 points |
| Q1 2025 | -92% | -100 points |
| Q4 2024 | -154% | -164 points |
DQ's operating margin was −41% last quarter, down 31 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 DQ on cash generation, producing positive trailing cash flow while its opponent burns cash.
DQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $31.2M | +35% |
| Q2 2026 | -$155.3M | -$58.1M |
| Q1 2026 | -$176.2M | -$79.7M |
| Q4 2025 | $47M | +$139.4M |
| Q3 2025 | $23.1M | +$154.6M |
| Q2 2025 | -$97.2M | +$176.9M |
| Q1 2025 | -$96.5M | +$199.8M |
| Q4 2024 | -$92.5M | +$899.7M |
DQ's free cash flow was −$253M over the past year, against −$263M 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.
DQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.2% | +119K shares |
| 3 years | -8.6% | -6.4M shares |
| 5 years | -12% | -9M shares |
| Available history | -5.2% | -3.7M shares |
DQ has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
DQ hasn't bought back shares in 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.
DQ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | -88.8x | Net Cash |
| Q3 2024 | -13.5x | Net Cash |
| Q2 2024 | -5.5x | Net Cash |
| Q1 2024 | -4.8x | Net Cash |
| Q4 2023 | -3.1x | Net Cash |
| Q3 2023 | -2.3x | Net Cash |
| Q2 2023 | -1.5x | Net Cash |
| Q1 2023 | -1.4x | Net Cash |
DQ 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).
DQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.5 | Neutral |
| Stochastic | 32.4 | Neutral |
DQ's weekly RSI is 40 (neutral) and its Stochastic is 32 (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.
DQ PE vs Technology Sector
| Metric | DQ | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
DQ 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 DQ on trend strength, trading above more of its moving averages.
DQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.1 | 3.1% above |
| 20 week MA | $12.1 | 5.5% below |
| 50 week MA | $18.5 | 38% below |
| 100 week MA | $19.7 | 42% below |
| 200 week MA | $24.1 | 53% below |
DQ has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 53% 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 DQ on returns for 2026, with the stronger performance.
DQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.3 | $54.8 | +430% |
| 2021 | $54.8 | $38.9 | -29% |
| 2022 | $38.9 | $40.5 | +4.1% |
| 2023 | $40.5 | $26.6 | -34% |
| 2024 | $26.6 | $19.3 | -28% |
| 2025 | $19.3 | $31.8 | +65% |
| 2026 YTD | $31.8 | $11.4 | -64% |
DQ has finished lower in three of the last six years. It's down 64% so far in 2026.