AMD vs ARM: AI Stock Comparison

Advanced Micro Devices, Inc. vs Arm Holdings plc: AI exposure, key metrics, next earnings dates, upcoming catalysts and risks — every number linked to its source.

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$AMD scores higher on AI exposure (4/5 vs 3/5) under our published rubric. The score measures how directly each business is tied to AI, not which stock to buy.
⏱ Next catalyst: Not enough tracked catalysts to compare.
$AMD 🏆
Advanced Micro Devices, Inc.
CPUs and Instinct GPUs; the main merchant alternative to NVIDIA.
$ARM
Arm Holdings plc
CPU architecture licensor whose designs sit in most AI servers and phones.
AI exposure score⚡⚡⚡⚡⚡ 4/5⚡⚡⚡⚡⚡ 3/5
Shares outstanding1.64B
as of 2026-10-28 · 10-Q cover page · SEC filing
1.06B
as of 2026-03-31 · 20-F cover page · SEC filing
CategoryAI chipsAI chips
Key metrics
Revenue (latest quarter) $13.38B
10-Q period ended 2026-09-26; +45% y/y · SEC filing
Gross margin 53.9%
Gross profit / revenue, same quarter · SEC filing
Operating income $2.83B
Same quarter; 21% operating margin · SEC filing
Revenue (latest quarter) $1.44B
6-K period ended 2026-09-30; +27% y/y · SEC filing
Gross margin 97.1%
Gross profit / revenue, same quarter · SEC filing
Operating income $201.0M
Same quarter; 14% operating margin · SEC filing
Next earningsNot yet announced / not on our calendarNot yet announced / not on our calendar
Next catalyst
Nov 15, 2026 – Nov 20, 2026
SC26 Supercomputing Conference · source
Not yet announced / not on our calendar
Upcoming catalysts
Nov 15, 2026 – Nov 20, 2026
SC26 Supercomputing Conference · source
Dec 9, 2026
FOMC rate decision + projections · source
None tracked
Most recent reported
Nov 3, 2026
Advanced Micro Devices, Inc. reports quarterly results · source
Data Center revenue $8.55B (+97% y/y) on EPYC and initial Instinct MI450 sales (company release).
Nov 4, 2026
Arm Holdings plc reports quarterly results · source
Royalty growth from AI data-center and edge chips. Fiscal Q2 revenue $1.44B (+27% y/y): license and other $773M (+50%), royalties $670M (+8%); data-center royalties doubled y/y.
Key risks
  • “Government actions and regulations such as export regulations, import tariffs, and trade protection measures may limit our ability to export our products to certain customers.” — 10-K risk factor (filed 2026-02-04) · source
  • “If we fail to maintain the efficiency of our supply chain as we respond to changes in customer demand for our products, our business could be materially adversely affected.” — 10-K risk factor (filed 2026-02-04) · source
  • “AI and ML are subject to a changing regulatory landscape in multiple jurisdictions in which we operate, and may present certain reputational risks.” — 20-F risk factor (filed 2026-05-26) · source
  • “Our development of production silicon products, such as the Arm AGI CPU, CSS, chiplets, complete chip solutions, and other more integrated compute products may subject us to new or enhanced…” — 20-F risk factor (filed 2026-05-26) · source
AI angle

AMD sells EPYC server CPUs and Instinct accelerators into AI data centers alongside PC and gaming chips. Its AI story hinges on how fast the Instinct GPU line ramps with large cloud and AI-lab customers.

Arm earns licenses and royalties on chips using its designs, including hyperscaler server CPUs paired with AI accelerators. It is also moving into making its own silicon products.

Full analysis: $AMD →Full analysis: $ARM →

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Deep dives: AMD next earnings & catalysts · ARM next earnings & catalysts · AI earnings this week