AMD
Advanced Micro Devices, Inc.
AMD has the edge over FORTY overall, supported by stronger fundamentals and stronger modeled upside.
FORTY
Formula Systems (1985) Ltd.
FORTY 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.
FORTY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Strong |
FORTY's revenue, profitability and balance sheet are currently healthy, and its cash flow 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.
FORTY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 3.1x | $121 | — |
| Cheap | 14x | $537 | +344% |
| Fair | 19x | $755 | +524% |
| Expensive | 30x | $1,202 | +893% |
Historical ranges are pointers, not guarantees.
FORTY 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 |
Analysts expect strong earnings and revenue growth for AMD, with profitability improving. However, they disagree widely on these estimates.
FORTY Forward outlook
There aren't enough analyst estimates for FORTY to show an outlook.
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 FORTY on earnings, with more consistent year-over-year improvement.
FORTY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $39.70 | +699% |
| Q1 2026 | $39.18 | +651% |
| Q4 2025 | $38.16 | +650% |
| Q3 2025 | $4.19 | -13% |
| Q2 2025 | $4.97 | +15% |
| Q1 2025 | $5.22 | +24% |
| Q4 2024 | $5.09 | +23% |
| Q3 2024 | $4.82 | +17% |
FORTY's earnings per share have jumped to their highest in seven years: $39.70 over the past year, up from $4.97 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 FORTY 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 FORTY on profitability, with a higher operating margin.
FORTY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $782.4M | +3% |
| Q1 2026 | $738.3M | +20% |
| Q4 2025 | $712.8M | +28% |
| Q3 2025 | $699.9M | 0% |
| Q2 2025 | $759.3M | +14% |
| Q1 2025 | $616.2M | -12% |
| Q4 2024 | $558.2M | -13% |
| Q3 2024 | $699.9M | +6.9% |
FORTY's revenue has picked up after three years of holding roughly level: $782M last quarter, up 3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 9.2% | 0 points |
| Q1 2026 | 11% | +3.1 points |
| Q4 2025 | 4.6% | -4 points |
| Q3 2025 | 7.8% | -2.3 points |
| Q2 2025 | 9.1% | -0.6 points |
| Q1 2025 | 8% | -1 points |
| Q4 2024 | 8.6% | -0.8 points |
| Q3 2024 | 10% | +1.3 points |
FORTY's operating margin was 9.2% last quarter, about level with 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 FORTY on cash flow, with more consistent year-over-year improvement.
FORTY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | $0 |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | $0 |
FORTY's free cash flow has been positive every quarter for seven years: $0 over the past year, against $0 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.
FORTY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +2.9K shares |
| 1 year | +0.5% | +81.1K shares |
| 3 years | +2.3% | +358K shares |
| 5 years | +3.1% | +476K shares |
| Available history | +3.6% | +549K shares |
FORTY has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
FORTY 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.
FORTY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.7x | Net Cash |
| Q1 2026 | -1.8x | Net Cash |
| Q4 2025 | -3.1x | Net Cash |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.2x | Healthy |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | 0.7x | Very low |
| Q3 2024 | 0.7x | Very low |
FORTY 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).
FORTY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.7 | Neutral |
| Stochastic | 52.6 | Neutral |
FORTY's weekly RSI is 51 (neutral) and its Stochastic is 53 (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.
FORTY PE vs Technology Sector
| Metric | FORTY | Sector median | Relative |
|---|---|---|---|
| PE | 3.1x | 28x | 89% below |
| PE % | 6 | 35 | 29 pts below |
FORTY 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 FORTY on trend strength, trading above more of its moving averages.
FORTY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $116.4 | 3.9% above |
| 20 week MA | $115.5 | 4.8% above |
| 50 week MA | $130.7 | 7.4% below |
| 100 week MA | $122.0 | 0.8% below |
| 200 week MA | $97.6 | 24% above |
FORTY's trend is mixed: it's above three of its five weekly moving averages, and 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 FORTY on returns for 2026, with the stronger performance.
FORTY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $68.2 | $81.8 | +20% |
| 2021 | $81.8 | $119.9 | +47% |
| 2022 | $119.9 | $75.0 | -37% |
| 2023 | $75.0 | $65.3 | -13% |
| 2024 | $65.3 | $93.4 | +43% |
| 2025 | $93.4 | $190.6 | +104% |
| 2026 YTD | $190.6 | $121.0 | -37% |
FORTY is down 37% so far in 2026, after finishing higher in four of the previous six years.