AMD
Advanced Micro Devices, Inc.
AMD has the edge over PGY overall, supported by lower modeled downside and stronger modeled upside.
PGY
Pagaya Technologies Ltd.
PGY's outlook is improving, though it still trails on the overall score.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
PGY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
PGY'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.
PGY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.5x | $16.87 | — |
| Current | 10x | $16.87 | — |
| Cheap | 12x | $20.59 | +22% |
| Fair | 14x | $23.20 | +38% |
| Expensive | 15x | $26.10 | +55% |
Historical ranges are pointers, not guarantees.
PGY 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.
PGY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for PGY, with profitability improving.
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 PGY on earnings, with more consistent year-over-year improvement.
PGY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.24 | +33% |
| Q3 2026 | $1.69 | +$4.52 |
| Q2 2026 | $1.40 | +$5.39 |
| Q1 2026 | $1.11 | +$6.34 |
| Q4 2025 | $0.93 | +$6.59 |
| Q3 2025 | -$2.83 | -$0.30 |
| Q2 2025 | -$3.99 | -$2.06 |
| Q1 2025 | -$5.23 | -$3.82 |
| Q4 2024 | -$5.66 | -$3.55 |
PGY has returned to profit: it earned $1.69 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 PGY 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.
PGY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $390.5M | +12% |
| Q2 2026 | $387M | +19% |
| Q1 2026 | $317.9M | +9.6% |
| Q4 2025 | $334.8M | +20% |
| Q3 2025 | $350.2M | +36% |
| Q2 2025 | $326.4M | +30% |
| Q1 2025 | $290M | +18% |
| Q4 2024 | $279.4M | +33% |
PGY's revenue has grown year over year every quarter since early 2021: $390M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 29% | +6 points |
| Q2 2026 | 27% | +10 points |
| Q1 2026 | 25% | +8.7 points |
| Q4 2025 | 24% | +12 points |
| Q3 2025 | 23% | +14 points |
| Q2 2025 | 17% | +15 points |
| Q1 2025 | 16% | +13 points |
| Q4 2024 | 11% | +6.3 points |
PGY 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 generated $7.1B in free cash flow over the past year, up 30% from the year before.
PGY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $45.8M | -28% |
| Q2 2026 | $71.3M | +33% |
| Q1 2026 | $40M | +31% |
| Q4 2025 | $76.7M | +173% |
| Q3 2025 | $63.8M | +$69.5M |
| Q2 2025 | $53.6M | +382% |
| Q1 2025 | $30.7M | +100% |
| Q4 2024 | $28.1M | +96% |
PGY 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 the edge over PGY 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.
PGY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.3% | +1.2M shares |
| 1 year | +8.2% | +7.4M shares |
| 3 years | +62% | +37.8M shares |
| 5 years | +510% | +82.3M shares |
PGY has 98M diluted shares, up 8.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
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.
PGY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | 1.0x | Very low |
| Q4 2024 | 1.4x | Healthy |
PGY'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).
PGY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.3 | Neutral |
| Stochastic | 24.3 | Neutral |
PGY's weekly RSI is 45 (neutral) and its Stochastic is 24 (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.
PGY PE vs Technology Sector
| Metric | PGY | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 28x | 64% below |
| PE % | 0 | 42 | 42 pts below |
PGY 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 PGY on trend strength, trading above more of its moving averages.
PGY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.0 | 6.1% below |
| 20 week MA | $19.1 | 12% below |
| 50 week MA | $17.4 | 2.8% below |
| 100 week MA | $18.8 | 10% below |
| 200 week MA | $16.7 | 1.1% above |
PGY has fallen below most of its moving averages, though it's still 1.1% 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 PGY on returns for 2026, with the stronger performance.
PGY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $117.2 | $118.7 | +1.2% |
| 2022 | $118.7 | $10.1 | -92% |
| 2023 | $10.1 | $16.6 | +65% |
| 2024 | $16.6 | $9.65 | -42% |
| 2025 | $9.65 | $21.9 | +126% |
| 2026 YTD | $21.9 | $16.9 | -23% |
PGY's yearly returns have swung widely, from +126% in 2025 to −92% in 2022. It's down 23% so far in 2026.