AMD
Advanced Micro Devices, Inc.
AMD offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
MKSI
MKS Inc.
MKSI has a slight edge over AMD overall, supported by stronger valuation and stronger modeled upside.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
MKSI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Stable |
MKSI's revenue, profitability and cash flow are currently healthy, and its balance sheet 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.
MKSI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $222 | — |
| Cheap | 15x | $125 | -44% |
| Current | 26x | $222 | — |
| Fair | 29x | $245 | +11% |
| Expensive | 50x | $422 | +90% |
Historical ranges are pointers, not guarantees.
MKSI 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.
MKSI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for MKSI, with profitability improving. 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'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.
MKSI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $19.24 | +128% |
| Q3 2026 | $8.43 | +104% |
| Q2 2026 | $6.27 | +59% |
| Q1 2026 | $4.78 | +42% |
| Q4 2025 | $4.37 | +56% |
| Q3 2025 | $4.13 | +798% |
| Q2 2025 | $3.95 | +3192% |
| Q1 2025 | $3.36 | +$30.04 |
| Q4 2024 | $2.81 | +$30.35 |
MKSI's earnings per share have climbed steadily: $8.43 over the past year, up 104% from the year before, and higher year over year for 10 quarters in a row.
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 MKSI 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's operating margin was 21% last quarter, up 7.4 points from the same quarter a year ago.
MKSI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +43% |
| Q2 2026 | $1.2B | +28% |
| Q1 2026 | $1.1B | +15% |
| Q4 2025 | $1B | +11% |
| Q3 2025 | $988M | +10% |
| Q2 2025 | $973M | +9.7% |
| Q1 2025 | $936M | +7.8% |
| Q4 2024 | $934M | +4.7% |
MKSI's revenue has grown year over year for eight quarters in a row: $1.4B last quarter, up 43% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +9.1 points |
| Q2 2026 | 20% | +6.2 points |
| Q1 2026 | 14% | +2 points |
| Q4 2025 | 14% | -0.7 points |
| Q3 2025 | 14% | -0.3 points |
| Q2 2025 | 14% | -0.5 points |
| Q1 2025 | 12% | -0.4 points |
| Q4 2024 | 15% | +12 points |
MKSI has the edge over AMD on profitability, with a higher operating margin.
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 MKSI on cash flow, with more consistent year-over-year improvement.
MKSI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $243M | +66% |
| Q2 2026 | $189M | +39% |
| Q1 2026 | $28M | -77% |
| Q4 2025 | $92M | -26% |
| Q3 2025 | $146M | +3.5% |
| Q2 2025 | $136M | +43% |
| Q1 2025 | $123M | +151% |
| Q4 2024 | $125M | -15% |
MKSI generated $552M in free cash flow over the past year, up 4.2% 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 MKSI 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.
MKSI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -200K shares |
| 1 year | +7.2% | +4.9M shares |
| 3 years | +8% | +5.4M shares |
| 5 years | +30% | +16.8M shares |
| Available history | +32% | +17.4M shares |
MKSI has 73M diluted shares, up 7.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $45M |
MKSI 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.
MKSI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.7x | Moderate |
| Q2 2026 | 3.4x | Elevated |
| Q1 2026 | 4.0x | Elevated |
| Q4 2025 | 4.4x | High |
| Q3 2025 | 4.5x | High |
| Q2 2025 | 4.6x | High |
| Q1 2025 | 4.8x | High |
| Q4 2024 | 4.9x | High |
MKSI's net debt is about 2.7 years of its operating earnings (EBITDA), down from 4.5 years a year ago.
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).
MKSI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 17.0 | Oversold |
MKSI's weekly RSI is 42 (neutral) and its Stochastic is 17 (oversold).
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.
MKSI PE vs Technology Sector
| Metric | MKSI | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 28x | 5.7% below |
| PE % | 41 | 35 | 6 pts above |
MKSI 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 MKSI on trend strength, trading above more of its moving averages.
MKSI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $229.0 | 3.3% below |
| 20 week MA | $272.4 | 19% below |
| 50 week MA | $260.8 | 15% below |
| 100 week MA | $182.8 | 21% above |
| 200 week MA | $143.8 | 54% above |
MKSI has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 54% 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 MKSI on returns for 2026, with the stronger performance.
MKSI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $110.4 | $149.9 | +36% |
| 2021 | $149.9 | $169.2 | +13% |
| 2022 | $169.2 | $83.7 | -51% |
| 2023 | $83.7 | $102.9 | +23% |
| 2024 | $102.9 | $106.2 | +3.2% |
| 2025 | $106.2 | $164.2 | +55% |
| 2026 YTD | $164.2 | $221.5 | +35% |
MKSI has finished higher in five of the last six years. It's up 35% so far in 2026.