AMD
Advanced Micro Devices, Inc.
AMD has the edge over ERIC overall, supported by stronger fundamentals and stronger modeled upside.
ERIC
Telefonaktiebolaget LM Ericsson (publ)
ERIC'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.
ERIC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
ERIC's profitability, cash flow and balance sheet are currently healthy, and its revenue is 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.
ERIC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $6.18 | -42% |
| Fair | 15x | $8.58 | -19% |
| Current | 18x | $10.61 | — |
| Expensive | 132x | $76.83 | +624% |
Historical ranges are pointers, not guarantees.
ERIC 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 ERIC on the outlook, with more favorable revenue expectations.
ERIC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect ERIC'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 ERIC on earnings, with more consistent year-over-year improvement.
ERIC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.58 | -21% |
| Q2 2026 | $0.74 | +45% |
| Q1 2026 | $0.75 | +1775% |
| Q4 2025 | $0.84 | +8300% |
| Q3 2025 | $0.73 | +$0.77 |
| Q2 2025 | $0.51 | +$1.60 |
| Q1 2025 | $0.04 | +$0.82 |
| Q4 2024 | $0.01 | +$0.83 |
ERIC earned $0.58 per share over the past year, down 21% 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 ERIC 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 ERIC on profitability, with a higher operating margin.
ERIC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6B | +5.8% |
| Q2 2026 | $5.3B | -4.3% |
| Q1 2026 | $5.1B | -0.9% |
| Q4 2025 | $6.8B | -9.2% |
| Q3 2025 | $5.7B | -5.9% |
| Q2 2025 | $5.5B | -7% |
| Q1 2025 | $5.2B | -6.7% |
| Q4 2024 | $7.5B | +10% |
ERIC's revenue is recovering but still below its 2022 peak: $6B last quarter, up 5.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +1.7 points |
| Q2 2026 | 11% | -1.2 points |
| Q1 2026 | 11% | -0.5 points |
| Q4 2025 | 17% | +3.5 points |
| Q3 2025 | 13% | +1.3 points |
| Q2 2025 | 12% | +7 points |
| Q1 2025 | 11% | +6.9 points |
| Q4 2024 | 14% | +3.3 points |
ERIC's operating margin was 15% last quarter, up 1.7 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 ERIC on cash flow, with more consistent year-over-year improvement.
ERIC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $535.9M | -27% |
| Q2 2026 | $128.9M | -64% |
| Q1 2026 | $706.5M | +107% |
| Q4 2025 | $1.5B | -17% |
| Q3 2025 | $729.6M | -45% |
| Q2 2025 | $354.2M | -59% |
| Q1 2025 | $342M | -29% |
| Q4 2024 | $1.8B | +38% |
ERIC still generates free cash flow, though less than at its 2022 peak: $2.9B over the past year.
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.
ERIC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -44M shares |
| 1 year | -1.9% | -64M shares |
| 3 years | -1.6% | -52M shares |
| 5 years | -1.7% | -55M shares |
| Available history | -1.4% | -48M shares |
ERIC has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $454.9M |
| Q2 2026 | $339.8M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
ERIC spent $795M buying back its own shares over the past year, after none 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.
ERIC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | 0.0x | Very low |
| Q3 2025 | 0.0x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | 0.1x | Very low |
ERIC 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).
ERIC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.2 | Neutral |
| Stochastic | 75.8 | Neutral |
ERIC's weekly RSI is 51 (neutral) and its Stochastic is 76 (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.
ERIC PE vs Technology Sector
| Metric | ERIC | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 28x | 34% below |
| PE % | 64 | 35 | 29 pts above |
ERIC 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 ERIC on trend strength, trading above more of its moving averages.
ERIC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.2 | 4% above |
| 20 week MA | $10.2 | 4% above |
| 50 week MA | $10.8 | 1.4% below |
| 100 week MA | $9.51 | 12% above |
| 200 week MA | $7.71 | 38% above |
ERIC's trend is mixed: it's above four of its five weekly moving averages, and 38% 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 ERIC on returns for 2026, with the stronger performance.
ERIC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.86 | $11.8 | +33% |
| 2021 | $11.8 | $10.8 | -8.4% |
| 2022 | $10.8 | $5.89 | -45% |
| 2023 | $5.89 | $6.30 | +7% |
| 2024 | $6.30 | $8.10 | +29% |
| 2025 | $8.10 | $9.68 | +20% |
| 2026 YTD | $9.68 | $10.6 | +9.6% |
ERIC has finished higher in four of the last six years. It's up 9.6% so far in 2026.