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Advanced Micro Devices vs Applied Materials: AMD and AMAT compared
Advanced Micro Devices is the larger company: $13.4B of revenue in its latest quarter (Q3 2026) against $9.1B for Applied Materials (Q3 FY26). Advanced Micro Devices is growing faster (+45% against +25% a year earlier). Applied Materials is more profitable, with an operating margin of 33.7% against 21.2%.
Where the money goes: AMD and AMAT
Advanced Micro Devices (AMD) · Q3 2026
Advanced Micro Devices, Q3 2026: revenue $13.4B (+45% year over year), operating margin 21.2%, net earnings $2.4B, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
Applied Materials (AMAT) · Q3 FY26
Applied Materials, Q3 FY26: revenue $9.1B (+25% year over year), operating margin 33.7%, net earnings $2.5B, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
| Advanced Micro Devices (AMD) | Applied Materials (AMAT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $13.4B | $9.1B |
| Revenue growth, Y/Y | +45% | +25% |
| Gross margin | 53.9% | 50.3% |
| Operating margin | 21.2% | 33.7% |
| Net earnings | $2.4B | $2.5B |
| Net margin | 18.2% | 27.8% |
| Operating cash flow | $1.2B | $3.0B |
| Free cash flow | $554M | $2.3B |
| Market value | $745.9B | $255.4B |
| P/E | 97.6× | 27.6× |
| Analysts’ mean target | $656.24 | $626.87 |
Questions
Which is bigger, Advanced Micro Devices or Applied Materials?
Advanced Micro Devices is the larger company: $13.4B of revenue in its latest quarter (Q3 2026) against $9.1B for Applied Materials (Q3 FY26).
Is Advanced Micro Devices or Applied Materials growing faster?
Advanced Micro Devices is growing faster (+45% against +25% a year earlier).
Which is more profitable, Advanced Micro Devices or Applied Materials?
Applied Materials is more profitable, with an operating margin of 33.7% against 21.2%.
More: Advanced Micro Devices earnings · how Advanced Micro Devices makes money · Applied Materials earnings · how Applied Materials makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 20, 2026). Fiscal quarters can end on different dates. Not investment advice.