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

NVIDIA and AMD share the fabless design model: each designs chips while outsourcing wafer manufacturing; revenue depends on product demand and mix. Latest reported quarterly revenue: NVIDIA US$96.2B in Q2 FY2027; AMD US$13.4B in Q3 2026.

  • NVIDIANVDA
  • AMDAMD

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NVDA · DF Design & fablessNext report: 17 Nov 2026
AMD · DF Design & fablessNo upcoming date listed

Valuation

Market cap

NVIDIA. Leader.
AMD.

Trailing P/Elower is betterPeriods differ

NVIDIA.
AMD.

P/Slower is better

NVIDIA.
AMD. No dated market figure stored

Growth

Revenue growth

NVIDIA. Leader.
AMD.

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

Profitability

Gross margin

NVIDIA. Leader.
AMD.

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

Operating margin

NVIDIA. Leader.
AMD.

Peer median (20 companies): 36.8%

Net margin

NVIDIA. Leader.
AMD.

Peer median (20 companies): 30.7%

Diluted EPS

NVIDIA. Leader.
AMD.

EPS (basic)

NVIDIA. Not stored for this period
AMD.

R&D % of revenue

NVIDIA.
AMD.

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

Scale

Revenue

NVIDIA. Leader.
AMD.

Operating income

NVIDIA. Leader.
AMD.

Net income

NVIDIA. Leader.
AMD.

R&D

NVIDIA.
AMD.

Capex

NVIDIA.
AMD.

Free cash flow

NVIDIA. Leader.
AMD.

Net cash / net debt

NVIDIA. Leader.
AMD.

Employees

NVIDIA.
AMD.

Shares outstanding

NVIDIA.
AMD.
MetricNVIDIAAMDPeer median(20 companies)
Valuation
Market capLeader.
Trailing P/Elower is betterPeriods differ
P/Slower is better—
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)—
R&D % of revenue9.9%18 with data
Scale
RevenueLeader.
Operating incomeLeader.
Net incomeLeader.
R&D
Capex
Free cash flowLeader.
Net cash / net debtLeader.
Employees
Shares outstanding

Valuation

Trailing P/EMultiple (x), trailing twelve months; period under each companyNVIDIA: 29.0x · TTM to Q2 FY2027 · to 26 Jul 2026 (Calculated)NVIDIA29.0xTTM to Q2 FY2027 · to…Source: company filings, trailing twelve months · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/nvidia-vs-amd
  • Calculated Price ÷ last four reported quarters of diluted EPS. Loss-making companies show N/M.
View sources (1)

Not shown: AMD: period end not recorded.

P/SMultiple (x), trailing twelve months; period under each companyNVIDIA: 18.2x · TTM to Q2 FY2027 · to 26 Jul 2026 (Calculated)NVIDIA18.2xTTM to Q2 FY2027 · to…Source: company filings, trailing twelve months · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/nvidia-vs-amd
  • Calculated Market cap ÷ trailing-twelve-month revenue.
View sources (1)

Not shown: AMD: No dated market figure stored.

Growth

Revenue growthPercent, latest quarter; period under each companyNVIDIA: 105.9% · Q2 FY2027 · to 26 Jul 2026 (Calculated)NVIDIA105.9%Q2 FY2027 · to 26 Jul…AMD: 44.7% · Q3 2026 · to 26 Sep 2026 (Calculated)AMD44.7%Q3 2026 · to 26 Sep 2…Peer median (20 companies) 46.5%Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/nvidia-vs-amd
  • Calculated Change versus the same period a year earlier.
View sources (2)

Profitability

Gross marginPercent, latest quarter; period under each companyNVIDIA: 75.0% · Q2 FY2027 · to 26 Jul 2026 (Calculated)NVIDIA75.0%Q2 FY2027 · to 26 Jul…AMD: 53.9% · Q3 2026 · to 26 Sep 2026 (Calculated)AMD53.9%Q3 2026 · to 26 Sep 2…Peer median (20 companies) 61.9%Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/nvidia-vs-amd
  • Calculated Gross profit ÷ revenue, GAAP/IFRS unless labelled otherwise.
View sources (2)
Operating marginPercent, latest quarter; period under each companyNVIDIA: 66.2% · Q2 FY2027 · to 26 Jul 2026 (Calculated)NVIDIA66.2%Q2 FY2027 · to 26 Jul…AMD: 21.2% · Q3 2026 · to 26 Sep 2026 (Calculated)AMD21.2%Q3 2026 · to 26 Sep 2…Peer median (20 companies) 36.8%Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/nvidia-vs-amd
  • Calculated Operating income ÷ revenue, GAAP/IFRS unless labelled otherwise.
View sources (2)
Net marginPercent, latest quarter; period under each companyNVIDIA: 62.0% · Q2 FY2027 · to 26 Jul 2026 (Calculated)NVIDIA62.0%Q2 FY2027 · to 26 Jul…AMD: 18.2% · Q3 2026 · to 26 Sep 2026 (Calculated)AMD18.2%Q3 2026 · to 26 Sep 2…Peer median (20 companies) 30.7%Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/nvidia-vs-amd
  • 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 companyNVIDIA: 7.3% · Q2 FY2027 · to 26 Jul 2026 (Calculated)NVIDIA7.3%Q2 FY2027 · to 26 Jul…AMD: 21.0% · Q3 2026 · to 26 Sep 2026 (Calculated)AMD21.0%Q3 2026 · to 26 Sep 2…Peer median (20 companies) 9.9%Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/nvidia-vs-amd
  • Calculated R&D ÷ revenue for the same period.
View sources (2)

Scale

RevenueUS$, latest quarter; period under each companyNVIDIA: US$96.2B · Q2 FY2027 · to 26 Jul 2026 (Reported)NVIDIAUS$96.2BQ2 FY2027 · to 26 Jul…AMD: US$13.4B · Q3 2026 · to 26 Sep 2026 (Reported)AMDUS$13.4BQ3 2026 · to 26 Sep 2…Source: company filings, latest quarterSilicon Analyticasiliconanalytica.com/compare/nvidia-vs-amd
View sources (2)

Revenue mix

NVIDIA

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AMD

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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 — NVIDIA: 26 Jul 2026 · AMD: 26 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. NVIDIA designs chips while outsourcing wafer manufacturing; revenue depends on product demand and mix; AMD designs chips while outsourcing wafer manufacturing; revenue depends on product demand and mix.

Accounting and periods. Latest reported quarter ends — NVIDIA: 2026-07-26 · AMD: 2026-09-26. 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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NVIDIA profile · AMD profile