Side by sideApple (AAPL) and AMD (AMD)Memos of October 11, 2026 and October 10, 2026
Apple vs AMD stock: the numbers side by side (October 2026)
How do Apple and AMD compare?
| Apple AAPL | AMD AMD | |
|---|---|---|
| Revenue growth | 6.4%Sep 2025 | 34.3%Year to Dec 2025 |
| Operating margin | 32.0%Sep 2025 | 10.7%Year to Dec 2025 |
| Free cash flow | 98,767US$ millions · Sep 2025 | 5,519US$ millions · Year to Dec 2025 |
| Free cash flow yield | 2.0%Today (Oct 11, 2026) | 0.5%Today (Oct 9, 2026) |
| Dividend yield | 0.3%Today (Oct 11, 2026) | 0.0%Today (Oct 9, 2026) |
| P/E, last 12 months | 38.6xToday (Oct 11, 2026) | 158.3xToday (Oct 9, 2026) |
| P/E, next 12 months | 35.0xToday (Oct 11, 2026) | 38.7xToday (Oct 9, 2026) |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | AMD | The higher figure |
| Operating margin | Apple | The higher figure |
| Free cash flow | Apple | The higher figure |
| Free cash flow yield | Apple | The higher figure |
| Dividend yield | Apple | The higher figure |
| P/E, last 12 months | Apple | The lower figure |
| P/E, next 12 months | Apple | The lower figure |
What does each company do?
Apple sells iPhones, Macs, iPads, wearables and services to consumers and organizations.
Apple (AAPL), from our memo of October 11, 2026 · Apple stock forecast
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