AMD vs QCOM: AI Stock Comparison

Advanced Micro Devices, Inc. vs Qualcomm Incorporated: 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 2/5) 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.
$QCOM
Qualcomm Incorporated
Smartphone SoCs and modems pushing into on-device and data-center AI.
AI exposure score⚡⚡⚡⚡⚡ 4/5⚡⚡⚡⚡⚡ 2/5
Shares outstanding1.64B
as of 2026-10-28 · 10-Q cover page · SEC filing
1.07B
as of 2026-11-02 · 10-K 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 fiscal year) $43.12B
10-K period ended 2026-09-27; -3% y/y · SEC filing
Operating income $8.66B
Same fiscal year; 20% operating margin · SEC filing
Net income $13.63B
Same fiscal year · 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
QUALCOMM Incorporated reports quarterly results · source
On-device AI and data-center ambitions. Fiscal Q4 GAAP revenue $10.32B (-8% y/y), GAAP EPS $1.17; fiscal 2026 revenue $43.1B. Reiterated a fiscal 2027 Data Center revenue target of $5B.
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
  • “Our increasing focus on artificial intelligence (AI), including on-device AI, agentic AI and AI infrastructure, may not result in the anticipated benefits and could expose us to additional…” — 10-K risk factor (filed 2026-11-04) · source
  • “The semiconductor industry is subject to intense competition in an environment of rapid technological change. Our success depends in part on our ability to adapt to such change and compete…” — 10-K risk factor (filed 2026-11-04) · 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.

Qualcomm's revenue is mostly handsets, autos and IoT. Its AI angle is on-device inference in Snapdragon chips plus newer data-center inference products, which its 10-K flags as an uncertain bet.

Full analysis: $AMD →Full analysis: $QCOM →

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