AMD
Advanced Micro Devices, Inc.
AMD has the edge over TLS overall, supported by stronger modeled upside and lower modeled downside.
TLS
Telos Corporation
TLS'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.
TLS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Strong | |
| Strong |
TLS's revenue, cash flow and balance sheet are currently healthy, and its profitability 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.
TLS PE Valuation
TLS 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.
TLS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for TLS, with profitability improving. However, they disagree widely on these estimates.
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 TLS on earnings quality, reporting a profit while its opponent remains loss making.
TLS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.28 | — |
| Q3 2026 | -$0.12 | +$0.29 |
| Q2 2026 | -$0.21 | +$0.56 |
| Q1 2026 | -$0.35 | +$0.40 |
| Q4 2025 | -$0.50 | +$0.23 |
| Q3 2025 | -$0.41 | +$0.29 |
| Q2 2025 | -$0.77 | -$0.34 |
| Q1 2025 | -$0.75 | -$0.31 |
| Q4 2024 | -$0.73 | -$0.23 |
TLS is still losing money, but far less than before: $0.12 per share over the past year, against $0.77 at its worst in mid-2025.
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 TLS 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 TLS on profitability, with a higher operating margin.
TLS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $55.2M | +7.3% |
| Q2 2026 | $47.7M | +33% |
| Q1 2026 | $47.7M | +56% |
| Q4 2025 | $46.8M | +77% |
| Q3 2025 | $51.4M | +116% |
| Q2 2025 | $36M | +26% |
| Q1 2025 | $30.6M | +3.4% |
| Q4 2024 | $26.4M | -36% |
TLS's revenue is recovering but still below its 2021 peak: $55M last quarter, up 7.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.4% | +12 points |
| Q2 2026 | 0.7% | +28 points |
| Q1 2026 | 3% | +33 points |
| Q4 2025 | -40% | -1.9 points |
| Q3 2025 | -4.8% | +117 points |
| Q2 2025 | -27% | +2.8 points |
| Q1 2025 | -29% | -1 points |
| Q4 2024 | -38% | -18 points |
TLS's operating margin was 7.4% last quarter, up 12 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 generated $7.1B in free cash flow over the past year, up 30% from the year before.
TLS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $9.4M | +7.6% |
| Q2 2026 | $8.6M | +26% |
| Q1 2026 | $8.5M | +42% |
| Q4 2025 | $8M | +$20.3M |
| Q3 2025 | $8.7M | +$15.8M |
| Q2 2025 | $6.8M | +$15M |
| Q1 2025 | $6M | +$6.4M |
| Q4 2024 | -$12.4M | -383% |
TLS 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 TLS 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.
TLS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.4% | -1.1M shares |
| 1 year | +5.4% | +3.9M shares |
| 3 years | +10% | +6.9M shares |
| 5 years | +15% | +9.7M shares |
| Available history | +56% | +27.4M shares |
TLS has 76M diluted shares, up 5.4% from a year ago, despite $19M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5.7M |
| Q2 2026 | $4.7M |
| Q1 2026 | $2.2M |
| Q4 2025 | $6M |
| Q3 2025 | $3.6M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
TLS spent $19M buying back its own shares over the past year.
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.
TLS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -50.6x | Net Cash |
| Q4 2020 | -18.7x | Net Cash |
| Q3 2020 | 10.3x | High |
| Q2 2020 | 10.0x | High |
| Q1 2020 | 13.8x | High |
| Q4 2019 | 16.8x | High |
TLS 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).
TLS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 71.2 | Overbought |
| Stochastic | 72.5 | Neutral |
TLS's weekly RSI is 71 (overbought) and its Stochastic is 73 (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.
TLS PE vs Technology Sector
TLS 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 is in an uptrend: it's above all five of its weekly moving averages, and 193% above its 200-week average.
TLS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.96 | 56% above |
| 20 week MA | $4.73 | 63% above |
| 50 week MA | $4.70 | 64% above |
| 100 week MA | $4.35 | 77% above |
| 200 week MA | $3.85 | 101% above |
TLS is in an uptrend: it's above all five of its weekly moving averages, and 101% 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 TLS on returns for 2026, with the stronger performance.
TLS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.1 | $30.2 | +58% |
| 2021 | $30.2 | $16.2 | -46% |
| 2022 | $16.2 | $4.87 | -70% |
| 2023 | $4.87 | $3.65 | -25% |
| 2024 | $3.65 | $3.40 | -6.8% |
| 2025 | $3.40 | $5.18 | +52% |
| 2026 YTD | $5.18 | $7.72 | +49% |
TLS is up 49% so far in 2026, after finishing lower in four of the previous six years.