AMD vs Qualcomm
Qualcomm reported revenue of $44.3 billion in fiscal 2025, 1.3 times AMD's $34.6 billion in fiscal 2025. AMD's revenue grew 34.3% in its latest year, and Qualcomm's grew 13.7%. AMD had an operating margin of 10.7%, against 27.9% at Qualcomm. Free cash flow was $6.7 billion at AMD and $12.8 billion at Qualcomm. Their fiscal years end in different months (December 27 and September 28), so the periods don't line up exactly.
Side by side
| AMD | Qualcomm | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 27, 2025 | FY2025, Sep 28, 2025 |
| Revenue | $34.6B | $44.3B |
| Revenue growth | 34.3% | 13.7% |
| Revenue growth a year, last 5 years | 28.8% | 13.5% |
| Gross margin | 49.5% | 55.4% |
| Operating margin | 10.7% | 27.9% |
| Net margin | 12.5% | 12.5% |
| Free cash flow | $6.7B | $12.8B |
| Free cash flow margin | 19.4% | 28.9% |
| Return on capital | 6.7% | 23.7% |
| Net debt to EBITDA | −1.0x | 0.3x |
| Dividends and buybacks | $1.3B | $12.6B |
| Change in diluted share count | −0.1% | −2.2% |
| Last close | $531.28 | $179.60 |
| P/E at the last close | 136.6× | 20.5× |
| Insider trades, last 12 months | sold $378.1 million | sold $21.6 million |
| Piotroski F-score | 8 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
AMDQualcomm
Operating margin
Percent of revenue
AMDQualcomm
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AMDQualcomm