Monday, 9 November 2026
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AMD vs Qualcomm: revenue, margins and valuation

AMD and Qualcomm share the fabless design model: each designs chips while outsourcing wafer manufacturing; revenue depends on product demand and mix. Latest reported quarterly revenue: AMD US$13.4B in Q3 2026; Qualcomm US$10.3B in Q4 FY2026.

  • AMDAMD
  • QualcommQCOM

You can add 1 more.

AMD · DF Design & fablessNo upcoming date listed
QCOM · DF Design & fablessNo upcoming date listed

Valuation

Market cap

AMD. Leader.
Qualcomm.

Trailing P/Elower is betterPeriods differ

AMD.
Qualcomm. No dated market figure stored

Growth

Revenue growth

AMD. Leader.
Qualcomm.

Peer median (20 companies): 46.5% · 18 with data

Profitability

Gross margin

AMD. Leader.
Qualcomm.

Peer median (20 companies): 61.9% · 19 with data

Operating margin

AMD. Leader.
Qualcomm.

Peer median (20 companies): 36.8%

Net margin

AMD. Leader.
Qualcomm.

Peer median (20 companies): 30.7%

Diluted EPS

AMD. Leader.
Qualcomm.

EPS (basic)

AMD. Leader.
Qualcomm.

R&D % of revenue

AMD.
Qualcomm.

Peer median (20 companies): 9.9% · 18 with data

Scale

Revenue

AMD. Leader.
Qualcomm.

Operating income

AMD. Leader.
Qualcomm.

Net income

AMD. Leader.
Qualcomm.

R&D

AMD.
Qualcomm.

Capex

AMD.
Qualcomm. Capex not stored for Q4 FY2026

Free cash flow

AMD.
Qualcomm. Operating cash flow and capex not stored for Q4 FY2026

Net cash / net debt

AMD. Leader.
Qualcomm.

Employees

AMD.
Qualcomm.

Shares outstanding

AMD.
Qualcomm.
MetricAMDQualcommPeer median(20 companies)
Valuation
Market capLeader.
Trailing P/Elower is betterPeriods differ—
Growth
Revenue growthLeader. 46.5%18 with data
Profitability
Gross marginLeader. 61.9%19 with data
Operating marginLeader. 36.8%
Net marginLeader. 30.7%
Diluted EPSLeader.
EPS (basic)Leader.
R&D % of revenue9.9%18 with data
Scale
RevenueLeader.
Operating incomeLeader.
Net incomeLeader.
R&D
Capex—
Free cash flow—
Net cash / net debtLeader.
Employees
Shares outstanding

Growth

Revenue growthPercent, latest quarter; period under each companyAMD: 44.7% · Q3 2026 · to 26 Sep 2026 (Calculated)AMD44.7%Q3 2026 · to 26 Sep 2…Qualcomm: −8.4% · Q4 FY2026 · to 27 Sep 2026 (Calculated)Qualcomm−8.4%Q4 FY2026 · to 27 Sep…Peer median (20 companies) 46.5%Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/amd-vs-qualcomm
  • Calculated Change versus the same period a year earlier.
View sources (2)

Profitability

Gross marginPercent, latest quarter; period under each companyAMD: 53.9% · Q3 2026 · to 26 Sep 2026 (Calculated)AMD53.9%Q3 2026 · to 26 Sep 2…Qualcomm: 50.7% · Q4 FY2026 · to 27 Sep 2026 (Calculated)Qualcomm50.7%Q4 FY2026 · to 27 Sep…Peer median (20 companies) 61.9%Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/amd-vs-qualcomm
  • Calculated Gross profit ÷ revenue, GAAP/IFRS unless labelled otherwise.
View sources (2)
Operating marginPercent, latest quarter; period under each companyAMD: 21.2% · Q3 2026 · to 26 Sep 2026 (Calculated)AMD21.2%Q3 2026 · to 26 Sep 2…Qualcomm: 13.1% · Q4 FY2026 · to 27 Sep 2026 (Calculated)Qualcomm13.1%Q4 FY2026 · to 27 Sep…Peer median (20 companies) 36.8%Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/amd-vs-qualcomm
  • Calculated Operating income ÷ revenue, GAAP/IFRS unless labelled otherwise.
View sources (2)
Net marginPercent, latest quarter; period under each companyAMD: 18.2% · Q3 2026 · to 26 Sep 2026 (Calculated)AMD18.2%Q3 2026 · to 26 Sep 2…Qualcomm: 12.1% · Q4 FY2026 · to 27 Sep 2026 (Calculated)Qualcomm12.1%Q4 FY2026 · to 27 Sep…Peer median (20 companies) 30.7%Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/amd-vs-qualcomm
  • Calculated Net income ÷ revenue for the same period (Silicon Analytica calculation unless the company states it).
View sources (2)
R&D % of revenuePercent, latest quarter; period under each companyAMD: 21.0% · Q3 2026 · to 26 Sep 2026 (Calculated)AMD21.0%Q3 2026 · to 26 Sep 2…Qualcomm: 26.0% · Q4 FY2026 · to 27 Sep 2026 (Calculated)Qualcomm26.0%Q4 FY2026 · to 27 Sep…Peer median (20 companies) 9.9%Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/amd-vs-qualcomm
  • Calculated R&D ÷ revenue for the same period.
View sources (2)

Scale

RevenueUS$, latest quarter; period under each companyAMD: US$13.4B · Q3 2026 · to 26 Sep 2026 (Reported)AMDUS$13.4BQ3 2026 · to 26 Sep 2…Qualcomm: US$10.3B · Q4 FY2026 · to 27 Sep 2026 (Reported)QualcommUS$10.3BQ4 FY2026 · to 27 Sep…Source: company filings, latest quarterSilicon Analyticasiliconanalytica.com/compare/amd-vs-qualcomm
View sources (2)

Revenue mix

AMD

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Qualcomm

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Each company's own classification and latest fiscal year with a stored split; categories differ between companies and are never added together.

Period ends — AMD: 26 Sep 2026 · Qualcomm: 27 Sep 2026. Valuation multiples remain trailing.

Copper underline: the leader among values for comparable periods. Higher is better, except P/E and P/S, where the lower positive multiple leads. R&D, capex, employees and shares have no leader. Peer median uses the latest quarter of the 20 covered companies and is shown for ratios only. “—” means neither the figure nor its inputs are stored; hover or tap for the missing input. Values marked Calculated are Silicon Analytica calculations from stored reported figures.

How to read this comparison

Business models. These companies share the fabless design model and are broadly comparable, subject to product mix and definitions. AMD designs chips while outsourcing wafer manufacturing; revenue depends on product demand and mix; Qualcomm designs chips while outsourcing wafer manufacturing; revenue depends on product demand and mix.

Accounting and periods. Latest reported quarter ends — AMD: 2026-09-26 · Qualcomm: 2026-09-27. Each value retains its period, status and source; adjusted measures remain separate. Same-mode periods within 100 days are compared; valuation multiples remain trailing.

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AMD profile · Qualcomm profile