AMD
Advanced Micro Devices, Inc.
AMD has the edge over SMSI overall, supported by stronger fundamentals and stronger modeled upside.
SMSI
Smith Micro Software, Inc.
SMSI'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.
SMSI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Under pressure | |
| Strong |
SMSI's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are 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.
SMSI PE Valuation
SMSI has no meaningful PE right now: it lost money over the past year.
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.
SMSI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect SMSI's losses to shrink, with revenue growing.
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 stronger earnings trend. Trailing diluted EPS is up 127% for AMD versus SMSI down 109%.
SMSI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | -$26.40 | -$9.20 |
| Q2 2024 | -$26.90 | -$8.90 |
| Q1 2024 | -$27.20 | -$6.80 |
| Q4 2023 | -$15.20 | +$6.00 |
| Q3 2023 | -$17.20 | +$2.00 |
| Q2 2023 | -$18.00 | +$10.80 |
| Q1 2023 | -$20.40 | +$6.40 |
| Q4 2022 | -$21.20 | +$3.20 |
SMSI is still losing money, but far less than before: $2.32 per share over the past year, against $28.80 at its worst in mid-2022.
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 SMSI 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 SMSI on profitability, with a higher operating margin.
SMSI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5M | +15% |
| Q2 2026 | $4.3M | -1.8% |
| Q1 2026 | $4.2M | -8.7% |
| Q4 2025 | $4M | -20% |
| Q3 2025 | $4.3M | -6.5% |
| Q2 2025 | $4.4M | -14% |
| Q1 2025 | $4.6M | -20% |
| Q4 2024 | $5M | -42% |
SMSI's revenue is recovering but still below its 2021 peak: $5M last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -29% | +74 points |
| Q2 2026 | -55% | +284 points |
| Q1 2026 | -80% | +33 points |
| Q4 2025 | -110% | -20 points |
| Q3 2025 | -103% | +37 points |
| Q2 2025 | -338% | -203 points |
| Q1 2025 | -113% | +430 points |
| Q4 2024 | -90% | -23 points |
SMSI's operating margin was −29% last quarter, up 74 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 SMSI on cash generation, producing positive trailing cash flow while its opponent burns cash.
SMSI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$192K | +$2M |
| Q2 2026 | -$943K | +$1.4M |
| Q1 2026 | -$3.8M | -$3.2M |
| Q4 2025 | -$2.2M | +$2.7M |
| Q3 2025 | -$2.2M | +$1.7M |
| Q2 2025 | -$2.3M | +$1.9M |
| Q1 2025 | -$606K | +$743K |
| Q4 2024 | -$4.9M | -$3.9M |
SMSI has burned cash in most quarters: −$7M over the past year, against −$10M 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 the edge over SMSI 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.
SMSI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.2% | +376K shares |
| 1 year | +44% | +1.7M shares |
| 3 years | +263% | +4M shares |
| 5 years | +415% | +4.5M shares |
| Available history | +435% | +4.5M shares |
SMSI has 6M diluted shares, up 44% 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.
SMSI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2021 | -23.7x | Net Cash |
| Q4 2020 | -3.6x | Net Cash |
| Q3 2020 | -2.5x | Net Cash |
| Q2 2020 | -1.9x | Net Cash |
| Q1 2020 | -1.4x | Net Cash |
| Q4 2019 | -2.5x | Net Cash |
SMSI 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).
SMSI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.1 | Neutral |
| Stochastic | 10.8 | Oversold |
SMSI's weekly RSI is 39 (neutral) and its Stochastic is 11 (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.
SMSI PE vs Technology Sector
| Metric | SMSI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
SMSI has no meaningful PE right now: it lost money over the past year.
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 SMSI on trend strength, trading above more of its moving averages.
SMSI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.45 | 2% below |
| 20 week MA | $2.63 | 8.7% below |
| 50 week MA | $3.04 | 21% below |
| 100 week MA | $3.81 | 37% below |
| 200 week MA | $18.6 | 87% below |
SMSI is in a downtrend: it's below all five of its weekly moving averages, and 87% 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 SMSI on returns for 2026, with the stronger performance.
SMSI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $154.8 | $213.6 | +38% |
| 2021 | $213.6 | $201.6 | -5.6% |
| 2022 | $201.6 | $82.4 | -59% |
| 2023 | $82.4 | $33.1 | -60% |
| 2024 | $33.1 | $7.25 | -78% |
| 2025 | $7.25 | $2.85 | -61% |
| 2026 YTD | $2.85 | $2.40 | -16% |
SMSI has finished five years in a row lower, and it's down 16% so far in 2026.