Side by sideNVIDIA (NVDA) and AMD (AMD)Memos of October 16, 2026 and October 10, 2026
NVIDIA vs AMD stock: the numbers side by side (October 2026)
How do NVIDIA and AMD compare?
| NVIDIA NVDA | AMD AMD | |
|---|---|---|
| Revenue growth | 65.5%Jan 2026 | 34.3%Year to Dec 2025 |
| Operating margin | 60.4%Jan 2026 | 10.7%Year to Dec 2025 |
| Free cash flow | 96,676US$ millions · Jan 2026 | 5,519US$ millions · Year to Dec 2025 |
| Free cash flow yield | 1.9%Today (Oct 16, 2026) | 0.5%Today (Oct 9, 2026) |
| Dividend yield | 0.5%Today (Oct 16, 2026) | 0.0%Today (Oct 9, 2026) |
| P/E, last 12 months | 27.4xToday (Oct 16, 2026) | 158.3xToday (Oct 9, 2026) |
| P/E, next 12 months | 13.7xToday (Oct 16, 2026) | 38.7xToday (Oct 9, 2026) |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | NVIDIA | The higher figure |
| Operating margin | NVIDIA | The higher figure |
| Free cash flow | NVIDIA | The higher figure |
| Free cash flow yield | NVIDIA | The higher figure |
| Dividend yield | NVIDIA | The higher figure |
| P/E, last 12 months | NVIDIA | The lower figure |
| P/E, next 12 months | NVIDIA | The lower figure |
What does each company do?
NVIDIA sells connected computing platforms—GPUs, networking, systems and software—to cloud providers, server makers and businesses.
NVIDIA (NVDA), from our memo of October 16, 2026 · NVIDIA 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
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