AMD
Advanced Micro Devices, Inc.
AMD offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
MTSI
MACOM Technology Solutions Holdings, Inc.
MTSI 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.
MTSI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MTSI's revenue, profitability, cash flow and balance sheet are all currently strong.
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 has the edge over MTSI in the historical PE scenario, which offers more potential upside but is not a forecast.
MTSI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $65.74 | -73% |
| Current | 57x | $246 | — |
| Fair | 81x | $349 | +42% |
| Expensive | 128x | $552 | +125% |
Historical ranges are pointers, not guarantees.
MTSI's PE is in its fair range at 57x.
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.
MTSI Forward outlook
There aren't enough analyst estimates for MTSI 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 MTSI on earnings, with more consistent year-over-year improvement.
MTSI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $4.31 | +$5.04 |
| Q2 2026 | $3.19 | +$4.19 |
| Q1 2026 | $2.39 | +$3.60 |
| Q4 2025 | $2.21 | +$3.64 |
| Q3 2025 | -$0.73 | -170% |
| Q2 2025 | -$1.00 | -202% |
| Q1 2025 | -$1.21 | -238% |
| Q4 2024 | -$1.43 | -238% |
MTSI has returned to profit: it earned $4.31 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 MTSI 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.
MTSI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $424.8M | +63% |
| Q2 2026 | $342.2M | +36% |
| Q1 2026 | $289M | +22% |
| Q4 2025 | $271.6M | +25% |
| Q3 2025 | $261.2M | +30% |
| Q2 2025 | $252.1M | +32% |
| Q1 2025 | $235.9M | +30% |
| Q4 2024 | $218.1M | +39% |
MTSI's revenue has grown year over year for 11 quarters in a row: $425M last quarter, up 63% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | +16 points |
| Q2 2026 | 23% | +7.6 points |
| Q1 2026 | 18% | +2.8 points |
| Q4 2025 | 16% | +7.9 points |
| Q3 2025 | 15% | +1.4 points |
| Q2 2025 | 15% | +4.6 points |
| Q1 2025 | 15% | +6.3 points |
| Q4 2024 | 8% | +1 points |
MTSI 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 MTSI on cash flow, with stronger typical year-over-year growth.
MTSI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $138M | +179% |
| Q2 2026 | $59.2M | +15% |
| Q1 2026 | $65.5M | +114% |
| Q4 2025 | $30M | -51% |
| Q3 2025 | $49.4M | -14% |
| Q2 2025 | $51.6M | +24% |
| Q1 2025 | $30.5M | +134% |
| Q4 2024 | $61.3M | +116% |
MTSI's free cash flow has been positive every quarter for seven years: $293M over the past year, up 52% 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 MTSI 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.
MTSI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -674K shares |
| 1 year | +5.1% | +3.7M shares |
| 3 years | +8.7% | +6.2M shares |
| 5 years | +10% | +7.3M shares |
| Available history | +17% | +11.5M shares |
MTSI has 78M diluted shares, up 5.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | $47.9M |
| Q3 2025 | $451,000 |
| Q2 2025 | $1.4M |
| Q1 2025 | $3.4M |
| Q4 2024 | $37.9M |
| Q3 2024 | $342,000 |
| Q2 2024 | $1.4M |
| Q1 2024 | $970,000 |
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.
MTSI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 1.0x | Very low |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 1.9x | Healthy |
| Q3 2025 | 2.2x | Moderate |
| Q2 2025 | 2.3x | Moderate |
| Q1 2025 | 2.6x | Moderate |
| Q4 2024 | 2.1x | Moderate |
MTSI's net debt is less than a year of its operating earnings (EBITDA), down from 2.2 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).
MTSI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.1 | Neutral |
| Stochastic | 19.4 | Oversold |
MTSI's weekly RSI is 45 (neutral) and its Stochastic is 19 (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.
MTSI PE vs Technology Sector
| Metric | MTSI | Sector median | Relative |
|---|---|---|---|
| PE | 57x | 28x | 105% above |
| PE % | 42 | 35 | 7 pts above |
MTSI 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 MTSI on trend strength, trading above more of its moving averages.
MTSI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $265.9 | 7.6% below |
| 20 week MA | $276.1 | 11% below |
| 50 week MA | $268.0 | 8.3% below |
| 100 week MA | $198.4 | 24% above |
| 200 week MA | $143.2 | 72% above |
MTSI has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 72% 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 MTSI on returns for 2026, with the stronger performance.
MTSI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $27.4 | $54.6 | +99% |
| 2021 | $54.6 | $77.5 | +42% |
| 2022 | $77.5 | $63.3 | -18% |
| 2023 | $63.3 | $93.0 | +47% |
| 2024 | $93.0 | $133.5 | +44% |
| 2025 | $133.5 | $175.0 | +31% |
| 2026 YTD | $175.0 | $245.8 | +40% |
MTSI has finished higher in five of the last six years. It's up 40% so far in 2026.