Is Advanced Micro Devices Stock Outperforming Its Rivals?

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Advanced Micro Devices

Advanced Micro Devices’ stock has notably outperformed over the past year, but how does it truly measure up against peers scaling in the AI and data-center boom? A closer look reveals strong revenue growth and impressive market returns. Yet, its higher valuation and more moderate operating profitability compared to top rivals like NVIDIA may limit further upside, depending on sustained market share capture in the intense AI accelerator segment.

  • AMD’s 10.7% operating margin, strong but below NVDA’s 60.4%, reflects its broader market exposure vs. NVDA’s AI dominance.
  • AMD’s 34.3% revenue growth, outpacing INTC, AVGO, and QCOM but below NVDA and MRVL, shows strength in diversified markets but less hyperscaler AI.
  • AMD’s 98.9% past-year gain, outperforming peers, reflects strong investor confidence despite a premium 74.5 PE valuation.

Here’s how Advanced Micro Devices stacks up across size, valuation, and profitability versus key peers.

AMD INTC NVDA AVGO QCOM MRVL
Market Cap ($ Bil) 323.2 220.6 4,434.6 1,509.0 150.9 69.2
Revenue ($ Bil) 34.6 52.9 215.9 63.9 44.9 7.8
PE Ratio 74.5 -826.2 36.9 65.3 28.1 28.0
LTM Revenue Growth 34.3% -0.5% 65.5% 23.9% 10.3% 45.0%
LTM Operating Margin 10.7% -0.0% 60.4% 40.8% 27.2% 14.7%
LTM FCF Margin 19.4% -9.4% 44.8% 42.1% 28.8% 20.2%
12M Market Return 98.9% 91.7% 46.1% 61.3% -8.3% -11.6%

For more details on Advanced Micro Devices, read Buy or Sell AMD Stock. Below we compare AMD’s growth, margin, and valuation with peers across years

Trefis: AMD Stock Insights

Revenue Growth Comparison

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LTM 2026 2025 2024 2023
AMD 34.3% 34.3% 13.7% -3.9%
INTC -0.5% -0.5% -2.1% -14.0%
NVDA 65.5% 65.5% 114.2% 125.9%
AVGO 23.9% 23.9% 44.0% 7.9%
QCOM 10.3% 13.7% 8.8% -19.0%
MRVL 45.0% 4.7% -7.0% 32.7%

Operating Margin Comparison

LTM 2026 2025 2024 2023
AMD 10.7% 10.7% 8.1% 1.8%
INTC -0.0% -0.0% -8.9% 0.1%
NVDA 60.4% 60.4% 62.4% 54.1%
AVGO 40.8% 40.8% 29.1% 45.9%
QCOM 27.2% 28.0% 26.3% 24.1%
MRVL 14.7% -6.4% -7.9% 6.1%

PE Ratio Comparison

LTM 2026 2025 2024 2023
AMD 74.5 80.2 119.2 278.6
INTC -826.2 -626.1 -4.6 124.7
NVDA 36.9 37.8 45.2 41.1
AVGO 65.3 70.5 181.9 32.9
QCOM 28.1 33.8 16.9 22.3
MRVL 28.0 -83.1 -101.9 -314.1

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