AMD
Advanced Micro Devices, Inc.
AMD has the edge over DSP overall, supported by stronger modeled upside and stronger fundamentals.
DSP
Viant Technology Inc.
DSP offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
DSP Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Strong | |
| Strong |
DSP's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
DSP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 33x | $9.44 | -19% |
| Current | 40x | $11.59 | — |
| Forward | 52x | $11.59 | — |
| Fair | 83x | $24.08 | +108% |
| Expensive | 112x | $32.49 | +180% |
Historical ranges are pointers, not guarantees.
DSP 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 DSP on the outlook, with more favorable valuation and earnings expectations.
DSP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Strong growth | |
| Stable | |
| Limited | |
| High |
Analysts expect DSP's revenue to grow, with its earnings and profitability 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's earnings per share have climbed steadily: $4.60 over the past year, up 127% from the year before, and higher year over year for 11 quarters in a row.
DSP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.22 | -24% |
| Q3 2026 | $0.29 | +142% |
| Q2 2026 | $0.35 | +133% |
| Q1 2026 | $0.40 | +208% |
| Q4 2025 | $0.36 | +157% |
| Q3 2025 | $0.12 | +71% |
| Q2 2025 | $0.15 | +$0.20 |
| Q1 2025 | $0.13 | +$0.25 |
| Q4 2024 | $0.14 | +$0.37 |
DSP's earnings per share have fallen from their peak: $0.29 over the past year, against $1.43 in late 2020.
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 DSP 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 DSP on profitability, with a higher operating margin.
DSP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $110.4M | +29% |
| Q2 2026 | $104.3M | +34% |
| Q1 2026 | $88.5M | +25% |
| Q4 2025 | $110.1M | +22% |
| Q3 2025 | $85.6M | +7.1% |
| Q2 2025 | $77.9M | +18% |
| Q1 2025 | $70.6M | +32% |
| Q4 2024 | $90.1M | +40% |
DSP's revenue has grown year over year for 14 quarters in a row: $110M last quarter, up 29% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.7% | -3.3 points |
| Q2 2026 | -3.7% | -3.7 points |
| Q1 2026 | -4.5% | +2.4 points |
| Q4 2025 | 12% | +5 points |
| Q3 2025 | 4.9% | -0.1 points |
| Q2 2025 | 0% | +1.2 points |
| Q1 2025 | -6.9% | +3.8 points |
| Q4 2024 | 6.5% | +5.2 points |
DSP's operating margin was 1.7% last quarter, down 3.3 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 DSP on cash flow, with more consistent year-over-year improvement.
DSP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $4.1M | +44% |
| Q2 2026 | $27.6M | +35% |
| Q1 2026 | $2.6M | +$7.2M |
| Q4 2025 | $33M | +103% |
| Q3 2025 | $2.8M | -83% |
| Q2 2025 | $20.5M | +53% |
| Q1 2025 | -$4.6M | -238% |
| Q4 2024 | $16.3M | -29% |
DSP generated $67M in free cash flow over the past year, up 92% 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 DSP 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.
DSP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -67% | -44M shares |
| 1 year | +6.6% | +1.3M shares |
| 3 years | +40% | +6.1M shares |
DSP has 21M diluted shares, up 6.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| 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.
DSP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -6.4x | Net Cash |
| Q2 2026 | -6.4x | Net Cash |
| Q1 2026 | -5.7x | Net Cash |
| Q4 2025 | -6.2x | Net Cash |
| Q3 2025 | -7.0x | Net Cash |
| Q2 2025 | -7.8x | Net Cash |
| Q1 2025 | -8.3x | Net Cash |
| Q4 2024 | -10.3x | Net Cash |
DSP 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).
DSP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.4 | Neutral |
| Stochastic | 55.0 | Neutral |
DSP's weekly RSI is 46 (neutral) and its Stochastic is 55 (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.
DSP PE vs Technology Sector
| Metric | DSP | Sector median | Relative |
|---|---|---|---|
| PE | 40x | 28x | 43% above |
| PE % | 34 | 40 | 6 pts below |
DSP 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 DSP on trend strength, trading above more of its moving averages.
DSP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.7 | 8.5% below |
| 20 week MA | $12.6 | 7.8% below |
| 50 week MA | $11.8 | 1.7% below |
| 100 week MA | $12.8 | 9.1% below |
| 200 week MA | $10.4 | 12% above |
DSP has fallen below most of its moving averages, though it's still 12% 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 DSP on returns for 2026, with the stronger performance.
DSP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $65.5 | $10.2 | -84% |
| 2022 | $10.2 | $3.78 | -63% |
| 2023 | $3.78 | $6.89 | +82% |
| 2024 | $6.89 | $19.2 | +179% |
| 2025 | $19.2 | $12.0 | -38% |
| 2026 YTD | $12.0 | $11.6 | -3.3% |
DSP's yearly returns have swung widely, from +179% in 2024 to −84% in 2021. It's down 3.3% so far in 2026.