AMD
Advanced Micro Devices, Inc.
AMD has the edge over SANM overall, supported by stronger fundamentals and stronger modeled upside.
SANM
Sanmina Corporation
SANM trails on the overall score without a compensating advantage in the available component scores.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
SANM Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Stable | |
| Healthy |
SANM's revenue, profitability and balance sheet are currently healthy, and its cash flow is 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.
SANM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $69.85 | -58% |
| Fair | 16x | $111 | -32% |
| Current | 24x | $164 | — |
| Expensive | 25x | $170 | +3.4% |
Historical ranges are pointers, not guarantees.
SANM 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.
SANM Forward outlook
There aren't enough analyst estimates for SANM to show an outlook.
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 SANM in the latest year-over-year earnings comparison.
SANM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $6.85 | +54% |
SANM's earnings per share have climbed steadily: $6.85 over the past year, up 54% from the year before, and higher year over year every quarter since late 2026.
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's revenue has grown year over year for 13 quarters in a row: $13.4B last quarter, up 45% from the same quarter a year ago.
| 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 SANM on profitability, with a higher operating margin.
SANM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.9B | +84% |
| Q2 2026 | $3.5B | +70% |
| Q1 2026 | $4B | +102% |
| Q4 2025 | $3.2B | +59% |
SANM has the edge over AMD on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 6.4% | +1.7 points |
| Q1 2026 | 3.9% | -0.7 points |
| Q4 2025 | 2.3% | -2.1 points |
| Q3 2025 | 3.7% | N/A |
| Q2 2025 | 4.7% | N/A |
| Q1 2025 | 4.6% | N/A |
| Q4 2024 | 4.4% | N/A |
SANM's operating margin was 6.4% last quarter, up 1.7 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 SANM in the latest year-over-year cash flow comparison.
SANM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $23.6M | -86% |
| Q1 2026 | $342M | +171% |
| Q4 2025 | $91.9M | +96% |
AMD has the edge over SANM in the latest year-over-year cash flow comparison.
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.
SANM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +25K shares |
| 1 year | +1.2% | +640K shares |
SANM has 55M diluted shares, up 1.2% from a year ago.
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.
SANM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | -1.3x | Net Cash |
| Q2 2025 | -1.0x | Net Cash |
| Q1 2025 | -0.7x | Net Cash |
| Q4 2024 | -0.7x | Net Cash |
SANM's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt 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).
SANM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.3 | Neutral |
| Stochastic | 20.6 | Neutral |
SANM's weekly RSI is 44 (neutral) and its Stochastic is 21 (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.
SANM PE vs Technology Sector
| Metric | SANM | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 28x | 14% below |
| PE % | 82 | 35 | 47 pts above |
SANM 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 SANM on trend strength, trading above more of its moving averages.
SANM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $183.4 | 10% below |
| 20 week MA | $194.9 | 16% below |
| 50 week MA | $185.5 | 11% below |
| 100 week MA | $142.9 | 15% above |
| 200 week MA | $101.8 | 62% above |
SANM has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 62% 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 SANM on returns for 2026, with the stronger performance.
SANM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $34.2 | $32.3 | -5.4% |
| 2021 | $32.3 | $40.6 | +26% |
| 2022 | $40.6 | $58.4 | +44% |
| 2023 | $58.4 | $51.4 | -12% |
| 2024 | $51.4 | $76.6 | +49% |
| 2025 | $76.6 | $154.3 | +101% |
| 2026 YTD | $154.3 | $164.5 | +6.6% |
SANM has finished higher in four of the last six years. It's up 6.6% so far in 2026.