Side by sideAMD (AMD) and Qualcomm (QCOM)Memos of October 10, 2026 and October 13, 2026
AMD vs Qualcomm stock: the numbers side by side (October 2026)
How do AMD and Qualcomm compare?
| AMD AMD | Qualcomm QCOM | |
|---|---|---|
| Revenue growth | 34.3%Year to Dec 2025 | 13.7%Sep 2025 |
| Operating margin | 10.7%Year to Dec 2025 | 27.9%Sep 2025 |
| Free cash flow | 5,519US$ millions · Year to Dec 2025 | 12,820US$ millions · Sep 2025 |
| Free cash flow yield | 0.5%Today (Oct 9, 2026) | 6.9%Today (Oct 13, 2026) |
| Dividend yield | 0.0%Today (Oct 9, 2026) | 2.1%Today (Oct 13, 2026) |
| P/E, last 12 months | 158.3xToday (Oct 9, 2026) | 20.2xToday (Oct 13, 2026) |
| P/E, next 12 months | 38.7xToday (Oct 9, 2026) | 17.2xToday (Oct 13, 2026) |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | AMD | The higher figure |
| Operating margin | Qualcomm | The higher figure |
| Free cash flow | Qualcomm | The higher figure |
| Free cash flow yield | Qualcomm | The higher figure |
| Dividend yield | Qualcomm | The higher figure |
| P/E, last 12 months | Qualcomm | The lower figure |
| P/E, next 12 months | Qualcomm | The lower figure |
What does each company do?
AMD designs processors, graphics chips, AI accelerators—chips built for artificial-intelligence calculations—adaptive chips and networking products.
AMD (AMD), from our memo of October 10, 2026 · AMD stock forecast
Qualcomm sells Snapdragon phone platforms, automotive computing and connectivity, and industrial and networking products to manufacturers.
Qualcomm (QCOM), from our memo of October 13, 2026 · Qualcomm stock forecast