AMD
Advanced Micro Devices, Inc.
AMD has the edge over PEGA overall, supported by stronger fundamentals and stronger modeled upside.
PEGA
Pegasystems Inc.
PEGA 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.
PEGA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Strong | |
| Strong |
PEGA's cash flow and balance sheet are currently strong, and its revenue and profitability are 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.
PEGA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 14x | $32.04 | — |
| Cheap | 26x | $30.01 | -6.3% |
| Current | 28x | $32.04 | — |
| Fair | 46x | $53.25 | +66% |
| Expensive | 75x | $86.65 | +170% |
Historical ranges are pointers, not guarantees.
PEGA 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 PEGA on the outlook, with more favorable earnings and revenue expectations.
PEGA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect PEGA's earnings, revenue and profitability to hold roughly 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 PEGA on earnings, with more consistent year-over-year improvement.
PEGA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.34 | +103% |
| Q3 2026 | $1.15 | -25% |
| Q2 2026 | $1.31 | +7.4% |
| Q1 2026 | $1.40 | +30% |
| Q4 2025 | $1.67 | +198% |
| Q3 2025 | $1.54 | +123% |
| Q2 2025 | $1.22 | +67% |
| Q1 2025 | $1.08 | +157% |
| Q4 2024 | $0.56 | +56% |
PEGA earned $1.15 per share over the past year, down 25% from 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 PEGA 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 PEGA on profitability, with a higher operating margin.
PEGA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $393.4M | +3.1% |
| Q2 2026 | $420.7M | +9.4% |
| Q1 2026 | $430M | -9.6% |
| Q4 2025 | $504.3M | +2.7% |
| Q3 2025 | $381.4M | +17% |
| Q2 2025 | $384.5M | +9.5% |
| Q1 2025 | $475.6M | +44% |
| Q4 2024 | $490.8M | +3.5% |
PEGA's revenue has held roughly level: $393M last quarter, up 3.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.8% | 0 points |
| Q2 2026 | 4% | -0.5 points |
| Q1 2026 | 8.6% | -18 points |
| Q4 2025 | 21% | -8.4 points |
| Q3 2025 | 3.8% | +7.4 points |
| Q2 2025 | 4.5% | +0.8 points |
| Q1 2025 | 27% | +33 points |
| Q4 2024 | 29% | -3.6 points |
PEGA's operating margin was 3.8% 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 PEGA on cash flow, with stronger typical year-over-year growth.
PEGA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.6M | -97% |
| Q2 2026 | $81.7M | -2.9% |
| Q1 2026 | $206.5M | +2.1% |
| Q4 2025 | $152.4M | +65% |
| Q3 2025 | $51.8M | +89% |
| Q2 2025 | $84.1M | +117% |
| Q1 2025 | $202.3M | +13% |
| Q4 2024 | $92.4M | +19% |
PEGA generated $442M in free cash flow over the past year, up 2.7% 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 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.
PEGA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.8% | -3.1M shares |
| 1 year | -8.4% | -15.5M shares |
| 3 years | +1.2% | +2M shares |
| 5 years | +3.4% | +5.6M shares |
| Available history | +6.7% | +10.5M shares |
PEGA has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $65M |
| Q2 2026 | $200.4M |
| Q1 2026 | $167.3M |
| Q4 2025 | $105M |
| Q3 2025 | $143M |
| Q2 2025 | $134.5M |
| Q1 2025 | $117.2M |
| Q4 2024 | $56.8M |
PEGA spent $538M buying back its own shares over the past year, up 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.
PEGA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | -1.5x | Net Cash |
| Q4 2025 | -0.8x | Net Cash |
| Q3 2025 | -0.5x | Net Cash |
| Q2 2025 | -0.7x | Net Cash |
| Q1 2025 | -0.8x | Net Cash |
| Q4 2024 | 0.9x | Very low |
PEGA 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).
PEGA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.5 | Neutral |
| Stochastic | 32.6 | Neutral |
PEGA's weekly RSI is 43 (neutral) and its Stochastic is 33 (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.
PEGA PE vs Technology Sector
| Metric | PEGA | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 28x | Same PE |
| PE % | 22 | 35 | 13 pts below |
PEGA 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 PEGA on trend strength, trading above more of its moving averages.
PEGA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $34.1 | 6% below |
| 20 week MA | $33.4 | 4.1% below |
| 50 week MA | $39.7 | 19% below |
| 100 week MA | $44.7 | 28% below |
| 200 week MA | $36.5 | 12% below |
PEGA is in a downtrend: it's below all five of its weekly moving averages, and 12% below 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 PEGA on returns for 2026, with the stronger performance.
PEGA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $39.7 | $69.3 | +75% |
| 2021 | $69.3 | $55.2 | -20% |
| 2022 | $55.2 | $17.1 | -69% |
| 2023 | $17.1 | $24.4 | +43% |
| 2024 | $24.4 | $47.2 | +93% |
| 2025 | $47.2 | $62.4 | +32% |
| 2026 YTD | $62.4 | $32.0 | -49% |
PEGA is down 49% so far in 2026, after finishing higher in four of the previous six years.