AMD
Advanced Micro Devices, Inc.
AMD has the edge over NTAP overall, supported by stronger valuation and stronger modeled upside.
NTAP
NetApp, Inc.
NTAP has slightly lower modeled downside risk, despite its lower overall score.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
NTAP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Healthy |
NTAP's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
NTAP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $90.96 | -51% |
| Forward | 18x | $186 | — |
| Fair | 19x | $133 | -29% |
| Expensive | 26x | $181 | -2.9% |
| Current | 26x | $186 | — |
Historical ranges are pointers, not guarantees.
NTAP 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 NTAP on the outlook, with more favorable profitability expectations.
NTAP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for NTAP, with profitability 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 NTAP on earnings, with stronger typical year-over-year growth.
NTAP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.17 | +44% |
| Q3 2026 | $7.08 | +25% |
| Q2 2026 | $6.35 | +12% |
| Q1 2026 | $5.97 | +11% |
| Q4 2025 | $5.74 | +5.7% |
| Q3 2025 | $5.65 | +11% |
| Q2 2025 | $5.67 | +22% |
| Q1 2025 | $5.39 | +23% |
| Q4 2024 | $5.43 | +69% |
NTAP's earnings per share have climbed steadily: $7.08 over the past year, up 25% from the year before, and higher year over year for eight 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 NTAP 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.
NTAP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.8B | +17% |
| Q2 2026 | $1.9B | +12% |
| Q1 2026 | $1.7B | +4.4% |
| Q4 2025 | $1.7B | +2.8% |
| Q3 2025 | $1.6B | +1.2% |
| Q2 2025 | $1.7B | +3.8% |
| Q1 2025 | $1.6B | +2.2% |
| Q4 2024 | $1.7B | +6.1% |
NTAP's revenue has grown year over year for 11 quarters in a row: $1.8B last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 27% | +6.8 points |
| Q2 2026 | 27% | +7.2 points |
| Q1 2026 | 25% | +3.3 points |
| Q4 2025 | 23% | +2.6 points |
| Q3 2025 | 20% | +1.5 points |
| Q2 2025 | 20% | -1.9 points |
| Q1 2025 | 22% | -0.7 points |
| Q4 2024 | 21% | +1.3 points |
NTAP 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 NTAP on cash flow, with more consistent year-over-year improvement.
NTAP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $401M | -35% |
| Q2 2026 | $900M | +41% |
| Q1 2026 | $271M | -20% |
| Q4 2025 | $78M | +30% |
| Q3 2025 | $620M | +107% |
| Q2 2025 | $640M | +13% |
| Q1 2025 | $338M | -25% |
| Q4 2024 | $60M | -38% |
NTAP generated $1.6B in free cash flow over the past year, about the same as 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.
NTAP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -1M shares |
| 1 year | -1.5% | -3M shares |
| 3 years | -7.4% | -16M shares |
| 5 years | -13% | -29M shares |
| Available history | -15% | -36M shares |
NTAP has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $200M |
| Q2 2026 | $200M |
| Q1 2026 | $200M |
| Q4 2025 | $250M |
| Q3 2025 | $300M |
| Q2 2025 | $250M |
| Q1 2025 | $200M |
| Q4 2024 | $300M |
NTAP spent $850M buying back its own shares over the past year, down 19% from 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.
NTAP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.5x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.3x | Very low |
NTAP's net debt is less than a year of its operating earnings (EBITDA).
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).
NTAP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.0 | Neutral |
| Stochastic | 29.8 | Neutral |
NTAP's weekly RSI is 52 (neutral) and its Stochastic is 30 (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.
NTAP PE vs Technology Sector
| Metric | NTAP | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 28x | 5.7% below |
| PE % | 86 | 35 | 51 pts above |
NTAP 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 NTAP on trend strength, trading above more of its moving averages.
NTAP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $204.8 | 9.1% below |
| 20 week MA | $191.5 | 2.8% below |
| 50 week MA | $146.4 | 27% above |
| 100 week MA | $127.0 | 46% above |
| 200 week MA | $110.0 | 69% above |
NTAP has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 69% 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 NTAP on returns for 2026, with the stronger performance.
NTAP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $61.4 | $65.8 | +7.1% |
| 2021 | $65.8 | $90.6 | +38% |
| 2022 | $90.6 | $59.0 | -35% |
| 2023 | $59.0 | $88.2 | +49% |
| 2024 | $88.2 | $117.0 | +33% |
| 2025 | $117.0 | $110.5 | -5.5% |
| 2026 YTD | $110.5 | $186.1 | +68% |
NTAP has finished higher in four of the last six years. It's up 68% so far in 2026.