AMD
Advanced Micro Devices, Inc.
AMD has the edge over ZM overall, supported by stronger modeled upside and stronger fundamentals.
ZM
Zoom Communications, Inc.
ZM has 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.
ZM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
ZM's profitability, cash flow and balance sheet are currently strong, and its revenue 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.
ZM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 9.1x | $97.70 | — |
| Forward | 16x | $97.70 | — |
| Cheap | 21x | $230 | +135% |
| Fair | 31x | $334 | +242% |
| Expensive | 538x | $5,801 | +5838% |
Historical ranges are pointers, not guarantees.
ZM 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 |
AMD has the edge over ZM on the outlook, with more favorable valuation and revenue expectations.
ZM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect ZM's earnings to grow, with its revenue and profitability holding steady.
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 ZM on earnings, with stronger typical year-over-year growth.
ZM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.22 | -42% |
| Q3 2026 | $10.78 | +184% |
| Q2 2026 | $6.79 | +104% |
| Q1 2026 | $6.18 | +93% |
| Q4 2025 | $5.14 | +70% |
| Q3 2025 | $3.79 | +34% |
| Q2 2025 | $3.33 | +23% |
| Q1 2025 | $3.21 | +55% |
| Q4 2024 | $3.03 | +304% |
ZM's earnings per share have climbed steadily: $10.78 over the past year, up 184% from the year before, and higher year over year for 11 quarters in a row.
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 ZM 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's operating margin was 21% last quarter, up 7.4 points from the same quarter a year ago.
ZM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +4.9% |
| Q2 2026 | $1.2B | +5.5% |
| Q1 2026 | $1.2B | +5.3% |
| Q4 2025 | $1.2B | +4.4% |
| Q3 2025 | $1.2B | +4.7% |
| Q2 2025 | $1.2B | +2.9% |
| Q1 2025 | $1.2B | +3.3% |
| Q4 2024 | $1.2B | +3.6% |
ZM's revenue has grown year over year every quarter since late 2020: $1.3B last quarter, up 4.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | -1.8 points |
| Q2 2026 | 25% | +4.5 points |
| Q1 2026 | 20% | +1 points |
| Q4 2025 | 25% | +9.7 points |
| Q3 2025 | 26% | +9 points |
| Q2 2025 | 21% | +2.8 points |
| Q1 2025 | 19% | +4.3 points |
| Q4 2024 | 16% | +0.6 points |
ZM 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 ZM on cash flow, with more consistent year-over-year improvement.
ZM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $472.4M | -7% |
| Q2 2026 | $500.5M | +8% |
| Q1 2026 | $338.4M | -19% |
| Q4 2025 | $614.3M | +34% |
| Q3 2025 | $508M | +39% |
| Q2 2025 | $463.4M | -19% |
| Q1 2025 | $416.2M | +25% |
| Q4 2024 | $457.7M | +1% |
ZM's free cash flow has been positive every quarter for seven years: $1.9B over the past year, up 4.4% 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.
ZM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -487K shares |
| 1 year | -2.8% | -8.5M shares |
| 3 years | -2% | -6.2M shares |
| 5 years | -2% | -6.1M shares |
| Available history | +2.4% | +7M shares |
ZM has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $360.5M |
| Q2 2026 | $361.7M |
| Q1 2026 | $323.7M |
| Q4 2025 | $413.7M |
| Q3 2025 | $465.3M |
| Q2 2025 | $418M |
| Q1 2025 | $354.6M |
| Q4 2024 | $301.6M |
ZM spent $1.5B buying back its own shares over the past year, down 5.2% 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.
ZM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.7x | Net Cash |
| Q1 2026 | -1.0x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.1x | Net Cash |
| Q2 2025 | -1.3x | Net Cash |
| Q1 2025 | -1.4x | Net Cash |
| Q4 2024 | -1.5x | Net Cash |
ZM 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).
ZM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.3 | Neutral |
| Stochastic | 35.2 | Neutral |
ZM's weekly RSI is 53 (neutral) and its Stochastic is 35 (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.
ZM PE vs Technology Sector
| Metric | ZM | Sector median | Relative |
|---|---|---|---|
| PE | 9.1x | 28x | 67% below |
| PE % | 2 | 35 | 33 pts below |
ZM 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 is in an uptrend: it's above all five of its weekly moving averages, and 193% above its 200-week average.
ZM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $94.2 | 3.7% above |
| 20 week MA | $95.4 | 2.4% above |
| 50 week MA | $91.5 | 6.8% above |
| 100 week MA | $85.4 | 14% above |
| 200 week MA | $76.6 | 28% above |
ZM is in an uptrend: it's above all five of its weekly moving averages, and 28% 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 ZM on returns for 2026, with the stronger performance.
ZM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $66.6 | $375.2 | +463% |
| 2021 | $375.2 | $191.7 | -49% |
| 2022 | $191.7 | $65.9 | -66% |
| 2023 | $65.9 | $71.9 | +9.1% |
| 2024 | $71.9 | $83.8 | +17% |
| 2025 | $83.8 | $88.0 | +5% |
| 2026 YTD | $88.0 | $97.7 | +11% |
ZM's yearly returns have swung widely, from +463% in 2020 to −66% in 2022. It's up 11% so far in 2026.