AMD
Advanced Micro Devices, Inc.
AMD offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
WDAY
Workday, Inc.
WDAY has a slight edge over AMD overall, supported by stronger valuation and lower modeled downside.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
WDAY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
WDAY's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
WDAY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 15x | $191 | — |
| Current | 39x | $191 | — |
| Cheap | 41x | $205 | +7.3% |
| Fair | 61x | $302 | +58% |
| Expensive | 1,213x | $5,991 | +3043% |
Historical ranges are pointers, not guarantees.
WDAY 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.
WDAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Broad | |
| Moderate |
Analysts expect earnings and revenue growth for WDAY, 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 WDAY on earnings, with more consistent year-over-year improvement.
WDAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.61 | +155% |
| Q3 2026 | $4.94 | +130% |
| Q2 2026 | $3.21 | +78% |
| Q1 2026 | $2.59 | +33% |
| Q4 2025 | $2.37 | -61% |
| Q3 2025 | $2.15 | -63% |
| Q2 2025 | $1.80 | -68% |
| Q1 2025 | $1.95 | -63% |
| Q4 2024 | $6.09 | +2438% |
WDAY earned $4.94 per share over the past year, up 130% 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 WDAY on sales, with stronger typical year-over-year growth.
| 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 WDAY on profitability, with a higher operating margin.
WDAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +13% |
| Q2 2026 | $2.5B | +13% |
| Q1 2026 | $2.5B | +15% |
| Q4 2025 | $2.4B | +13% |
| Q3 2025 | $2.3B | +13% |
| Q2 2025 | $2.2B | +13% |
| Q1 2025 | $2.2B | +15% |
| Q4 2024 | $2.2B | +16% |
WDAY's revenue has grown year over year every quarter since late 2020: $2.6B last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +1.3 points |
| Q2 2026 | 13% | +12 points |
| Q1 2026 | 6.9% | +3.5 points |
| Q4 2025 | 11% | +3 points |
| Q3 2025 | 11% | +5.2 points |
| Q2 2025 | 1.7% | -1.5 points |
| Q1 2025 | 3.4% | -0.7 points |
| Q4 2024 | 7.6% | +2.9 points |
WDAY's operating margin was 12% last quarter, up 1.3 points from the same quarter a year ago, near the top of its range since 2019.
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 WDAY on cash flow, with stronger typical year-over-year growth.
WDAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $460M | -22% |
| Q2 2026 | $616M | +46% |
| Q1 2026 | $1.2B | +19% |
| Q4 2025 | $550M | +53% |
| Q3 2025 | $588M | +14% |
| Q2 2025 | $421M | +45% |
| Q1 2025 | $1B | +3% |
| Q4 2024 | $359M | -20% |
WDAY's free cash flow has been positive every quarter for seven years: $2.8B over the past year, up 19% 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.
WDAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.1% | -8M shares |
| 1 year | -8.8% | -23.9M shares |
| 3 years | -6.9% | -18.1M shares |
| 5 years | -5.3% | -13.7M shares |
| Available history | +7.8% | +17.8M shares |
WDAY has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.3B |
| Q2 2026 | $1.6B |
| Q1 2026 | $1.5B |
| Q4 2025 | $802M |
| Q3 2025 | $299M |
| Q2 2025 | $290M |
| Q1 2025 | $103M |
| Q4 2024 | $158M |
WDAY spent $5.2B buying back its own shares over the past year, about six times what it spent 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.
WDAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.7x | Healthy |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 1.5x | Healthy |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 2.5x | Moderate |
WDAY's net debt is about 1.7 years of its operating earnings (EBITDA), down from 2.0 years 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).
WDAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.6 | Neutral |
| Stochastic | 48.5 | Neutral |
WDAY's weekly RSI is 56 (neutral) and its Stochastic is 49 (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.
WDAY PE vs Technology Sector
| Metric | WDAY | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 28x | 39% above |
| PE % | 6 | 35 | 29 pts below |
WDAY 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 WDAY on trend strength, trading above more of its moving averages.
WDAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $193.0 | 1.2% below |
| 20 week MA | $180.9 | 5.4% above |
| 50 week MA | $165.0 | 16% above |
| 100 week MA | $203.2 | 6.2% below |
| 200 week MA | $219.1 | 13% below |
WDAY's trend is mixed: it's above two of its five weekly moving averages, and 13% 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 WDAY on returns for 2026, with the stronger performance.
WDAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $165.9 | $248.8 | +50% |
| 2021 | $248.8 | $278.1 | +12% |
| 2022 | $278.1 | $164.6 | -41% |
| 2023 | $164.6 | $276.1 | +68% |
| 2024 | $276.1 | $266.2 | -3.6% |
| 2025 | $266.2 | $220.7 | -17% |
| 2026 YTD | $220.7 | $190.6 | -14% |
WDAY has finished lower in three of the last six years. It's down 14% so far in 2026.