AMD
Advanced Micro Devices, Inc.
AMD has the edge over PRGS overall, supported by stronger modeled upside and stronger fundamentals.
PRGS
Progress Software Corporation
PRGS 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.
PRGS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Under pressure |
PRGS's profitability and cash flow are currently strong, 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.
PRGS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 6.7x | $43.44 | — |
| Current | 20x | $43.44 | — |
| Cheap | 25x | $53.38 | +23% |
| Fair | 31x | $66.66 | +53% |
| Expensive | 38x | $81.69 | +88% |
Historical ranges are pointers, not guarantees.
PRGS 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 PRGS on the outlook, with more favorable profitability expectations.
PRGS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for PRGS, but weaker profitability.
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 PRGS on earnings, with more consistent year-over-year improvement.
PRGS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.46 | +198% |
| Q3 2026 | $2.17 | +101% |
| Q2 2026 | $2.06 | +60% |
| Q1 2026 | $1.95 | +54% |
| Q4 2025 | $1.66 | +7.8% |
| Q3 2025 | $1.08 | -43% |
| Q2 2025 | $1.29 | -22% |
| Q1 2025 | $1.27 | -18% |
| Q4 2024 | $1.54 | -1.9% |
PRGS earned $2.17 per share over the past year, up 101% 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 PRGS 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 PRGS on profitability, with a higher operating margin.
PRGS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $246M | -1.5% |
| Q2 2026 | $253.5M | +6.8% |
| Q1 2026 | $247.8M | +4.1% |
| Q4 2025 | $252.7M | +18% |
| Q3 2025 | $249.8M | +40% |
| Q2 2025 | $237.4M | +36% |
| Q1 2025 | $238M | +29% |
| Q4 2024 | $215M | +21% |
PRGS's revenue is growing: $246M last quarter, down 1.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +1.4 points |
| Q2 2026 | 18% | +1.6 points |
| Q1 2026 | 19% | +5.1 points |
| Q4 2025 | 15% | +5.2 points |
| Q3 2025 | 18% | -5 points |
| Q2 2025 | 16% | +0.8 points |
| Q1 2025 | 14% | -5.3 points |
| Q4 2024 | 10% | -2.7 points |
PRGS's operating margin was 19% last quarter, up 1.4 points from 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 PRGS on cash flow, with more consistent year-over-year improvement.
PRGS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $86.3M | +19% |
| Q2 2026 | $77M | +161% |
| Q1 2026 | $95.9M | +42% |
| Q4 2025 | $59.9M | +257% |
| Q3 2025 | $72.4M | +28% |
| Q2 2025 | $29.5M | -53% |
| Q1 2025 | $67.7M | -3.6% |
| Q4 2024 | $16.8M | -45% |
PRGS's free cash flow has been positive every quarter for seven years: $319M over the past year, up 71% 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.
PRGS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2% | -832K shares |
| 1 year | -5.1% | -2.2M shares |
| 3 years | -7.8% | -3.5M shares |
| 5 years | -6.8% | -3M shares |
| Available history | -8.5% | -3.9M shares |
PRGS has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $16.9M |
| Q2 2026 | $34.7M |
| Q1 2026 | $20.4M |
| Q4 2025 | $40M |
| Q3 2025 | $15M |
| Q2 2025 | $20M |
| Q1 2025 | $30.1M |
| Q4 2024 | — |
PRGS spent $112M buying back its own shares over the past year, up 72% 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.
PRGS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.5x | Elevated |
| Q2 2026 | 3.7x | Elevated |
| Q1 2026 | 3.9x | Elevated |
| Q4 2025 | 4.3x | High |
| Q3 2025 | 3.5x | Elevated |
| Q2 2025 | 3.9x | Elevated |
| Q1 2025 | 5.9x | High |
| Q4 2024 | -0.5x | Net Cash |
PRGS's net debt is about 3.5 years of its operating earnings (EBITDA), about the same as 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).
PRGS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.4 | Neutral |
| Stochastic | 73.9 | Neutral |
PRGS's weekly RSI is 56 (neutral) and its Stochastic is 74 (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.
PRGS PE vs Technology Sector
| Metric | PRGS | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 28x | 28% below |
| PE % | 8 | 35 | 27 pts below |
PRGS 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 PRGS on trend strength, trading above more of its moving averages.
PRGS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $41.9 | 3.7% above |
| 20 week MA | $41.5 | 4.7% above |
| 50 week MA | $37.8 | 15% above |
| 100 week MA | $45.5 | 4.5% below |
| 200 week MA | $51.1 | 15% below |
PRGS has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 15% 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 PRGS on returns for 2026, with the stronger performance.
PRGS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.7 | $44.2 | +6% |
| 2021 | $44.2 | $48.3 | +9.3% |
| 2022 | $48.3 | $50.5 | +4.4% |
| 2023 | $50.5 | $54.3 | +7.6% |
| 2024 | $54.3 | $65.5 | +21% |
| 2025 | $65.5 | $43.5 | -34% |
| 2026 YTD | $43.5 | $43.4 | -0.2% |
PRGS has finished higher in five of the last six years. It's roughly flat so far in 2026.