AMD
Advanced Micro Devices, Inc.
AMD has a slight edge over TER overall, supported by stronger valuation.
TER
Teradyne, Inc.
TER has slightly lower modeled downside risk, despite its lower overall score.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
TER Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
TER's revenue, profitability, cash flow and balance sheet are all currently strong.
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.
TER PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 22x | $189 | -28% |
| Forward | 24x | $264 | — |
| Fair | 29x | $248 | -5.9% |
| Current | 30x | $264 | — |
| Expensive | 48x | $419 | +59% |
Historical ranges are pointers, not guarantees.
TER 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.
TER Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for TER, 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 TER on earnings, with more consistent year-over-year improvement.
TER Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.80 | +24% |
| Q3 2026 | $8.70 | +218% |
| Q2 2026 | $7.28 | +153% |
| Q1 2026 | $5.39 | +53% |
| Q4 2025 | $3.47 | +4.5% |
| Q3 2025 | $2.74 | -13% |
| Q2 2025 | $2.88 | -5.3% |
| Q1 2025 | $3.53 | +34% |
| Q4 2024 | $3.32 | +22% |
TER's earnings per share have jumped to their highest in seven years: $8.70 over the past year, up from $2.74 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 TER 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's operating margin was 21% last quarter, up 7.4 points from the same quarter a year ago.
TER Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +70% |
| Q2 2026 | $1.3B | +104% |
| Q1 2026 | $1.3B | +87% |
| Q4 2025 | $1.1B | +44% |
| Q3 2025 | $769.2M | +4.3% |
| Q2 2025 | $651.8M | -11% |
| Q1 2025 | $685.7M | +14% |
| Q4 2024 | $752.9M | +12% |
TER's revenue has grown year over year for five quarters in a row: $1.3B last quarter, up 70% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 31% | +12 points |
| Q2 2026 | 33% | +19 points |
| Q1 2026 | 37% | +19 points |
| Q4 2025 | 27% | +6.7 points |
| Q3 2025 | 19% | -1.7 points |
| Q2 2025 | 14% | -15 points |
| Q1 2025 | 18% | +4.7 points |
| Q4 2024 | 20% | +1.9 points |
TER 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 has the edge over TER on cash flow, with more consistent year-over-year improvement.
TER Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $227.3M | +9539% |
| Q2 2026 | $378.4M | +187% |
| Q1 2026 | $200.4M | +105% |
| Q4 2025 | $218.8M | -2.9% |
| Q3 2025 | $2.4M | -98% |
| Q2 2025 | $131.7M | -23% |
| Q1 2025 | $97.6M | +$134.4M |
| Q4 2024 | $225.2M | +10% |
TER generated $1B in free cash flow over the past year, up 124% 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.
TER Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -191K shares |
| 1 year | -1% | -1.6M shares |
| 3 years | -4.4% | -7.2M shares |
| 5 years | -16% | -29.2M shares |
| Available history | -12% | -22M shares |
TER has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $99.3M |
| Q2 2026 | $68.7M |
| Q1 2026 | $5.5M |
| Q4 2025 | $183.4M |
| Q3 2025 | $243.8M |
| Q2 2025 | $117.4M |
| Q1 2025 | $157.5M |
| Q4 2024 | $143.5M |
TER spent $357M buying back its own shares over the past year, down 46% 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.
TER Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.2x | Net Cash |
| Q1 2026 | -0.2x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -0.6x | Net Cash |
| Q4 2024 | -0.8x | Net Cash |
TER 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).
TER Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.4 | Neutral |
| Stochastic | 9.6 | Oversold |
TER's weekly RSI is 41 (neutral) and its Stochastic is 10 (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.
TER PE vs Technology Sector
| Metric | TER | Sector median | Relative |
|---|---|---|---|
| PE | 30x | 28x | 8.8% above |
| PE % | 59 | 35 | 24 pts above |
TER 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 TER on trend strength, trading above more of its moving averages.
TER Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $330.0 | 20% below |
| 20 week MA | $352.3 | 25% below |
| 50 week MA | $325.0 | 19% below |
| 100 week MA | $218.5 | 21% above |
| 200 week MA | $164.8 | 60% above |
TER has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 60% 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 TER on returns for 2026, with the stronger performance.
TER Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $69.1 | $118.9 | +72% |
| 2021 | $118.9 | $162.7 | +37% |
| 2022 | $162.7 | $86.6 | -47% |
| 2023 | $86.6 | $108.5 | +25% |
| 2024 | $108.5 | $128.5 | +18% |
| 2025 | $128.5 | $198.9 | +55% |
| 2026 YTD | $198.9 | $263.8 | +33% |
TER has finished higher in five of the last six years, two of them by more than 50%. It's up 33% so far in 2026.