AMD
Advanced Micro Devices, Inc.
AMD has the edge over OSIS overall, supported by stronger fundamentals and stronger modeled upside.
OSIS
OSI Systems, Inc.
OSIS 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.
OSIS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Under pressure |
OSIS's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.
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.
OSIS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $160 | -18% |
| Forward | 17x | $196 | — |
| Current | 21x | $196 | — |
| Fair | 22x | $206 | +5% |
| Expensive | 28x | $257 | +31% |
Historical ranges are pointers, not guarantees.
OSIS 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 OSIS on the outlook, with more favorable profitability expectations.
OSIS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for OSIS, with profitability holding steady.
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 OSIS on earnings, with stronger typical year-over-year growth.
OSIS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.75 | +26% |
| Q3 2026 | $9.33 | +5.7% |
| Q2 2026 | $9.00 | +3.4% |
| Q1 2026 | $8.76 | +6.6% |
| Q4 2025 | $8.83 | +14% |
| Q3 2025 | $8.83 | +15% |
| Q2 2025 | $8.70 | +18% |
| Q1 2025 | $8.22 | +13% |
| Q4 2024 | $7.77 | +18% |
OSIS's earnings per share have climbed steadily: $9.33 over the past year, up 5.7% from the year before, and higher year over year for 12 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 OSIS 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 OSIS on profitability, with a higher operating margin.
OSIS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $403.5M | +4.9% |
| Q2 2026 | $484.1M | -4.1% |
| Q1 2026 | $453.2M | +2% |
| Q4 2025 | $464.1M | +11% |
| Q3 2025 | $384.6M | +12% |
| Q2 2025 | $505M | +5% |
| Q1 2025 | $444.4M | +9.6% |
| Q4 2024 | $419.8M | +12% |
OSIS's revenue fell from its 2025 peak and has held roughly level since: $403M last quarter, up 4.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.3% | -0.3 points |
| Q2 2026 | 15% | +0.8 points |
| Q1 2026 | 12% | -0.9 points |
| Q4 2025 | 13% | -1.1 points |
| Q3 2025 | 8.6% | -0.2 points |
| Q2 2025 | 14% | +1.4 points |
| Q1 2025 | 13% | 0 points |
| Q4 2024 | 14% | -0.2 points |
OSIS's operating margin was 8.3% 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 generated $7.1B in free cash flow over the past year, up 30% from the year before.
OSIS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $29.4M | +191% |
| Q2 2026 | $172.8M | +$178.4M |
| Q1 2026 | $6.9M | -91% |
| Q4 2025 | $55.5M | +18% |
| Q3 2025 | $10.1M | +$55M |
| Q2 2025 | -$5.6M | +$32M |
| Q1 2025 | $77.1M | +$134.1M |
| Q4 2024 | $47.1M | +$74M |
OSIS has the edge over AMD on cash flow, with more consistent year-over-year improvement.
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.
OSIS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -5.9% | -1M shares |
| 1 year | -7% | -1.2M shares |
| 3 years | -5.4% | -923K shares |
| 5 years | -11% | -2.1M shares |
| Available history | -13% | -2.4M shares |
OSIS has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $62.8M |
| Q2 2026 | $124.9M |
| Q1 2026 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | $80.4M |
| Q2 2023 | — |
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.
OSIS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.9x | Moderate |
| Q2 2026 | 2.5x | Moderate |
| Q1 2026 | 2.5x | Moderate |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 1.2x | Healthy |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | 1.5x | Healthy |
| Q4 2024 | 1.5x | Healthy |
OSIS's net debt is about 2.9 years of its operating earnings (EBITDA), up from 1.2 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).
OSIS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.7 | Neutral |
| Stochastic | 20.0 | Oversold |
OSIS's weekly RSI is 39 (neutral) and its Stochastic is 20 (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.
OSIS PE vs Technology Sector
| Metric | OSIS | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 25% below |
| PE % | 43 | 35 | 8 pts above |
OSIS 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 OSIS on trend strength, trading above more of its moving averages.
OSIS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $196.6 | 0.4% below |
| 20 week MA | $207.3 | 5.5% below |
| 50 week MA | $238.9 | 18% below |
| 100 week MA | $228.5 | 14% below |
| 200 week MA | $178.0 | 10% above |
OSIS has fallen below most of its moving averages, though it's still 10% 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 OSIS on returns for 2026, with the stronger performance.
OSIS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $101.2 | $93.1 | -8% |
| 2021 | $93.1 | $92.3 | -0.9% |
| 2022 | $92.3 | $79.6 | -14% |
| 2023 | $79.6 | $129.1 | +62% |
| 2024 | $129.1 | $171.4 | +33% |
| 2025 | $171.4 | $269.8 | +57% |
| 2026 YTD | $269.8 | $196.0 | -27% |
OSIS has finished lower in three of the last six years. It's down 27% so far in 2026.