AMD
Advanced Micro Devices, Inc.
AMD has the edge over ESTC overall, supported by stronger fundamentals and stronger modeled upside.
ESTC
Elastic N.V.
ESTC 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.
ESTC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Strong | |
| Unavailable |
ESTC's revenue and cash flow are currently healthy, and its profitability is stable. There isn't enough data to rate its balance sheet.
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.
ESTC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 24x | $89.06 | — |
| Cheap | 25x | $86.56 | -2.8% |
| Current | 25x | $89.06 | — |
| Fair | 163x | $570 | +540% |
| Expensive | 207x | $724 | +713% |
Historical ranges are pointers, not guarantees.
ESTC 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 ESTC on the outlook, with more favorable valuation expectations.
ESTC Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for ESTC, with profitability improving.
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 ESTC on earnings, with more consistent year-over-year improvement.
ESTC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.67 | +4.9% |
| Q3 2026 | $3.50 | +$4.29 |
| Q2 2026 | $3.43 | +$4.47 |
| Q1 2026 | -$0.79 | +$0.45 |
| Q4 2025 | -$1.02 | -267% |
| Q3 2025 | -$0.79 | -230% |
| Q2 2025 | -$1.04 | -276% |
| Q1 2025 | -$1.24 | -364% |
| Q4 2024 | $0.61 | +$2.59 |
ESTC has returned to profit: it earned $3.50 per share over the past year, after losing money 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 ESTC 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 ESTC on profitability, with a higher operating margin.
ESTC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $478.1M | +15% |
| Q2 2026 | $450.7M | +16% |
| Q1 2026 | $449.9M | +18% |
| Q4 2025 | $423.5M | +16% |
| Q3 2025 | $415.3M | +20% |
| Q2 2025 | $388.4M | +16% |
| Q1 2025 | $382.1M | +17% |
| Q4 2024 | $365.4M | +18% |
ESTC's revenue has grown year over year every quarter since late 2020: $478M last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4.9% | -2.7 points |
| Q2 2026 | -3.6% | -0.6 points |
| Q1 2026 | 0.1% | +1.4 points |
| Q4 2025 | -1.9% | -0.7 points |
| Q3 2025 | -2.3% | +7.5 points |
| Q2 2025 | -3.1% | +11 points |
| Q1 2025 | -1.2% | +6.8 points |
| Q4 2024 | -1.2% | +5.7 points |
ESTC's operating margin was −4.9% last quarter, down 2.7 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 generated $7.1B in free cash flow over the past year, up 30% from the year before.
ESTC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $131.4M | +26% |
| Q2 2026 | $149.8M | +77% |
| Q1 2026 | $41.8M | -52% |
| Q4 2025 | $26M | -31% |
| Q3 2025 | $104.2M | +100% |
| Q2 2025 | $84.9M | +41% |
| Q1 2025 | $87.3M | +70% |
| Q4 2024 | $37.7M | +$40.9M |
ESTC generated $349M in free cash flow over the past year, up 11% 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 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.
ESTC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.4% | -2.6M shares |
| 1 year | -1.2% | -1.3M shares |
| 3 years | +6.8% | +6.7M shares |
| 5 years | +15% | +13.4M shares |
| Available history | +35% | +26.9M shares |
ESTC has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $40M |
| Q2 2026 | $40M |
| Q1 2026 | $190.9M |
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.
ESTC Net Leverage
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).
ESTC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.5 | Neutral |
| Stochastic | 56.6 | Neutral |
ESTC's weekly RSI is 55 (neutral) and its Stochastic is 57 (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.
ESTC PE vs Technology Sector
| Metric | ESTC | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 28x | 8.7% below |
| PE % | 22 | 35 | 13 pts below |
ESTC 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 ESTC on trend strength, trading above more of its moving averages.
ESTC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $93.4 | 4.6% below |
| 20 week MA | $83.1 | 7.2% above |
| 50 week MA | $69.2 | 29% above |
| 100 week MA | $79.4 | 12% above |
| 200 week MA | $83.1 | 7.2% above |
ESTC has slipped below its 8-week average, but it's still above the other four, and 7.2% 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 ESTC on returns for 2026, with the stronger performance.
ESTC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $65.0 | $156.0 | +140% |
| 2021 | $156.0 | $124.0 | -21% |
| 2022 | $124.0 | $51.4 | -59% |
| 2023 | $51.4 | $112.7 | +119% |
| 2024 | $112.7 | $101.5 | -9.9% |
| 2025 | $101.5 | $77.0 | -24% |
| 2026 YTD | $77.0 | $89.1 | +16% |
ESTC's yearly returns have swung widely, from +140% in 2020 to −59% in 2022. It's up 16% so far in 2026.