AMD vs CDNS Stock Comparison

Advanced Micro Devices and Cadence Design Systems Prices as of Oct 23, 2026 Peers: Industry group
AMD Advanced Micro Devices Inc
$516.79 -15.9% 1M +119.9% 1Y
Market cap
$867.62B
P/E
134.8x
Revenue (TTM)
$41.31B
Div. yield
–
Semiconductor Design Technology
6 wins
CDNS Cadence Design Systems Inc
$316.49 +2.4% 1M -6.2% 1Y
Market cap
$88.81B
P/E
64.4x
Revenue (TTM)
$5.84B
Div. yield
–
Semiconductor EDA Software Technology
5 wins

Head to Head

11 decided of 12

Advanced Micro Devices leads on 6 of the 12 questions below (Advanced Micro Devices 6, Cadence Design Systems 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMDCDNSLeader
Larger companyMarket capitalisation $867.62B $88.81B AMD
Cheaper on earningsLower P/E, profitable companies only 134.8x 64.4x CDNS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 70.0x 36.5x CDNS
Faster revenue growthRevenue growth, trailing twelve months +39.5% +14.7% AMD
More profitableNet margin, trailing twelve months 15.6% 23.6% CDNS
Better return on capitalReturn on invested capital 8.0% 14.2% CDNS
Less leveragedLower net debt / EBITDA -1.0x 0.5x AMD
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +119.9% -6.2% AMD
Better 5-year returnAnnualised price return, 5 years +34.0%/yr +13.7%/yr AMD
Less volatileAnnualised volatility, 1 year 68.6% 41.0% CDNS
Higher overall scoreMean of the five percentile scores vs peers 59/100 58/100 AMD

Percentile Scorecard

AMDCDNS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAMDCDNS
Valuation 28 #69 of 95 37 #60 of 95
Growth 96 #5 of 93 63 #35 of 93
Profitability 67 #31 of 91 84 #15 of 91
Financial Health 67 #34 of 102 36 #66 of 102
Shareholder Returns 39 #47 of 76 68 #25 of 76
Overall 59 58
  • AMD ranked among 104 companies in Semiconductors
  • CDNS ranked among 104 companies in Semiconductors

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAMDCDNSSPY
1 month -15.9%+2.4% -1.0%
3 months -1.0%-3.0% +2.9%
6 months +48.6%-4.9% +6.4%
Year to date +141.3%+1.3% +11.4%
1 year +119.9%-6.2% +13.1%
3 years +408.3%+33.3% +79.4%
3 years, per year +72.0%+10.1% +21.5%
5 years +331.3%+89.8% +67.7%
5 years, per year +34.0%+13.7% +10.9%
10 years +7,826.2%+1,131.0% +255.2%
10 years, per year +54.9%+28.5% +13.5%

Risk

MeasureAMDCDNSSPY
Volatility, 1Y 68.6%41.0% 12.7%
Downside volatility, 1Y 65.6%41.0% 12.7%
Beta vs S&P 500, 1Y 3.221.61 1.00
Return / volatility, 1Y 1.75-0.15 1.03
Max drawdown, 5Y -65.4%-33.0% -25.4%
From 52-week high -20.4%-24.0% -2.5%
52-week high $649.42$416.39 $779.14
52-week low $190.95$265.66 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAMDCDNS
P/E now vs peer median 131.1xmedian 41.5x 62.9xmedian 41.5x
P/S now vs peer median 20.4xmedian 6.9x 14.9xmedian 6.9x
EV/EBITDA now vs peer median 87.6xmedian 27.3x 42.1xmedian 27.3x
P/FCF now vs peer median 100.8xmedian 35.6x 51.9xmedian 35.6x
P/B now vs peer median 12.5xmedian 4.2x 12.7xmedian 4.2x
PEG now vs peer median 0.25median 2.31 4.12median 2.31

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAMDCDNS
Revenue $41.31B $5.84B
Gross profit $21.98B $5.01B
Operating income $6.49B $1.77B
Net income $6.43B $1.38B
Free cash flow $8.37B $1.68B
R&D $9.39B $1.93B
EPS (diluted) $3.88 $4.99
Cash & equivalents $5.09B $1.44B
Total debt $12.89B $10.35B
Shares (diluted) 1.66B 276.16M
Enterprise value $824.37B $80.21B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAMDCDNS
P/E 131.1x 62.9x
P/FCF 100.8x 51.9x
P/Operating cash flow 83.7x 47.0x
P/S 20.4x 14.9x
P/B 12.5x 12.7x
P/Tangible book 16.3x 17.5x
EV/EBITDA 87.6x 42.1x
EV/EBIT 128.5x 49.8x
EV/Revenue 20.2x 15.1x
EV/FCF 99.6x 52.5x
EV/Operating cash flow 82.7x 47.6x
PEG (3Y EPS CAGR) 0.25 4.12

Growth

14 metrics
MetricAMDCDNS
Revenue growth (1Y) 39.5% 14.7%
Revenue CAGR (3Y) 23.6% 15.4%
Gross profit growth (1Y) 55.9% 15.1%
Gross profit CAGR (3Y) 32.0% 13.8%
Operating income growth (1Y) 186.2% 25.5%
Operating income CAGR (3Y) 167.6% 17.4%
Net income growth (1Y) 127.0% 36.2%
Net income CAGR (3Y) 537.7% 15.7%
EPS growth (1Y) 123.1% 34.6%
EPS CAGR (3Y) 533.6% 15.3%
Operating cash flow growth (1Y) 106.7% 8.1%
Operating cash flow CAGR (3Y) 61.4% 13.7%
Free cash flow growth (1Y) 106.9% 5.9%
Free cash flow CAGR (3Y) 64.9% 14.0%

Profitability

14 metrics
MetricAMDCDNS
Gross margin 53.2% 85.9%
EBITDA margin 23.0% 35.9%
Operating margin 15.7% 30.3%
Pretax margin 18.3% 31.2%
Net margin 15.6% 23.6%
FCF margin 20.3% 28.8%
Operating cash flow margin 24.4% 31.8%
Return on equity 9.8% 20.5%
Return on assets 7.8% 11.4%
Return on invested capital 8.0% 14.2%
Return on capital employed 9.3% 17.3%
Asset turnover 0.5x 0.5x
Cash conversion (OCF / net income) 1.6x 1.3x
Stock comp / revenue 4.6% 8.8%

Financial Health

11 metrics
MetricAMDCDNS
Debt / assets 3.8% 20.5%
Debt / equity 0.0x 0.4x
Net debt / EBITDA -1.0x 0.5x
Debt / FCF 0.4x 1.5x
Liabilities / assets 20.4% 43.2%
Equity / assets 79.6% 56.8%
Interest coverage 44.1x 14.1x
Current ratio 2.6x 1.7x
Quick ratio 1.7x 1.7x
Cash ratio 1.1x 0.8x
Altman Z-score 30.47 12.02

Shareholder Returns

7 metrics
MetricAMDCDNS
Dividend yield – –
Net buyback yield 0.0% 0.7%
Shareholder yield 0.0% 0.7%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAMDCDNS
Forward P/E 70.0xFY2026 36.5xFY2026
EPS, next fiscal year $7.38FY2026 $8.68FY2026
EPS growth, next FY +77.0%FY2026 +21.6%FY2026
EPS growth, the year after +111.8% +14.5%
Revenue, next fiscal year $53.07BFY2026 $6.74BFY2026
Revenue growth, next FY +53.2%FY2026 +27.2%FY2026
Revenue growth, the year after +60.6% +13.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMDCDNS
Held by institutions 72.5% 88.2%
Institutions holding 3,991 1,498
Change in shares held, QoQ +10.7% +5.4%
Institutions buying 2,270 831
Institutions selling 1,456 518
Buyers to sellers 1.56 1.60

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AMDCDNS
AMD 1.00 0.32
CDNS 0.32 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMD and CDNS?

Advanced Micro Devices (AMD) is the largest by market capitalisation: Advanced Micro Devices (AMD) $867.62B, Cadence Design Systems (CDNS) $88.81B.

Which stock is cheaper, AMD and CDNS?

Cadence Design Systems (CDNS) trades on the lowest price-to-earnings ratio (Advanced Micro Devices (AMD) 134.8x, Cadence Design Systems (CDNS) 64.4x). On next year's consensus earnings, Cadence Design Systems (CDNS) is cheapest (Advanced Micro Devices (AMD) 70.0x, Cadence Design Systems (CDNS) 36.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Advanced Micro Devices (AMD) grew revenue fastest over the trailing twelve months: Advanced Micro Devices (AMD) +39.5%, Cadence Design Systems (CDNS) +14.7%.

Which company is more profitable?

Cadence Design Systems (CDNS) has the highest net margin (Advanced Micro Devices (AMD) 15.6%, Cadence Design Systems (CDNS) 23.6%). On return on invested capital, Cadence Design Systems (CDNS) leads (Advanced Micro Devices (AMD) 8.0%, Cadence Design Systems (CDNS) 14.2%).

Which stock has performed better?

Over the past year Advanced Micro Devices (AMD) returned the most: Advanced Micro Devices (AMD) +119.9%, Cadence Design Systems (CDNS) -6.2%. Over five years, Advanced Micro Devices (AMD) compounded fastest (Advanced Micro Devices (AMD) +34.0%/yr, Cadence Design Systems (CDNS) +13.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Cadence Design Systems (CDNS) has been the steadiest (Advanced Micro Devices (AMD) 68.6%, Cadence Design Systems (CDNS) 41.0%). Volatility measures how widely the price swings, not the risk of the business.

Do AMD and CDNS move together?

Their daily returns over the past year have a correlation of 0.32, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, AMD and CDNS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Advanced Micro Devices (AMD) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.