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AMD vs MU
Advanced Micro Devices (AMD) vs Micron Technology (MU) Earnings Recap: Record Results Amid AI Memory Surge
Key Takeaways
- Micron Technology reported record Q2 FY2026 revenue of $23.86 billion, up 196% year-over-year, with non-GAAP EPS of $12.20 beating estimates.
- AMD's Q4 2025 revenue hit $10.3 billion, driven by $5.4 billion in data center sales, up 39% YoY, with non-GAAP EPS of $1.53.
- Both companies showcased AI strength: Micron in high-bandwidth memory (HBM) and DRAM, AMD in EPYC CPUs and Instinct GPUs.
- Micron guided Q3 FY2026 revenue to $33.5 billion (±$750 million), non-GAAP EPS $19.15 (±$0.40); AMD sees Q1 2026 revenue at $9.8 billion.
- Competitive overlap in AI data centers highlights memory as critical enabler for GPU/CPU performance.
- Gross margins expanded sharply: Micron at 74.9% non-GAAP, AMD at 57%.
Earnings Context and Why This Comparison Matters
Recent earnings from AMD and Micron Technology underscore their pivotal roles in the AI ecosystem. AMD designs high-performance CPUs and GPUs powering data centers, while Micron supplies essential DRAM and HBM for these accelerators. Surging AI demand has fueled record results, with memory shortages amplifying pricing power. This comparison reveals synergies and risks in the semiconductor supply chain, where Micron's memory output directly impacts AMD's AI platform scalability.
Micron Technology Focus
Micron released Q2 FY2026 results (ended February 26, 2026) on March 18, 2026, posting record revenue of $23.86 billion, up from $8.05 billion year-over-year. Non-GAAP EPS reached $12.20, surpassing expectations, with GAAP gross margin at 74.4% and non-GAAP at 74.9%. Key drivers included robust demand across cloud ($7.75 billion), data center ($5.69 billion), and mobile segments. CEO Sanjay Mehrotra highlighted AI-era memory as a strategic asset, with $5.0 billion in capex supporting expansion. Q3 guidance projects $33.5 billion revenue (±$750 million) and non-GAAP EPS of $19.15 (±$0.40), signaling continued momentum.
Advanced Micro Devices Context
AMD reported Q4 and full-year 2025 results on February 3, 2026, with Q4 revenue of $10.3 billion and non-GAAP EPS of $1.53, beating consensus. Data center revenue soared to $5.4 billion (39% YoY growth), fueled by EPYC processors and Instinct GPUs. Full-year revenue hit records, with non-GAAP gross margin at 54%. Q1 2026 guidance calls for $9.8 billion revenue (±$300 million) and 55% non-GAAP gross margin. CEO Lisa Su emphasized strong AI franchise scaling and EPYC/Ryzen adoption entering 2026.
Head-to-Head Earnings and Market Comparison
Micron's explosive 196% revenue growth outpaced AMD's steady 34% Q4 rise, reflecting memory's acute AI supply constraints versus compute's broader ramp. Both posted strong beats: Micron's EPS 31% above estimates, AMD's 16%. Growth drivers align on AI—Micron's HBM sold out through 2026 supports AMD's Instinct accelerators. Risks include capex intensity (Micron $5B/quarter) and export limits (AMD China exposure). Sentiment favors memory's pricing leverage, but AMD offers diversified CPU/GPU exposure.
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Tickeron AI Verdict
Tickeron AI favors Micron Technology with higher probability (65%) due to superior earnings quality, explosive growth trajectory, and memory bottleneck positioning in AI supply chains, despite elevated capex. AMD trails on trend strength but offers stability via diversified segments.
Disclaimer
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To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is AMD is a StrongBuy and MU is a StrongBuy.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
AMD’s FA Score shows that 3 FA rating(s) are green whileMU’s FA Score has 4 green FA rating(s).
- AMD’s FA Score: 3 green, 2 red.
- MU’s FA Score: 4 green, 1 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
AMD’s TA Score shows that 4 TA indicator(s) are bullish while MU’s TA Score has 6 bullish TA indicator(s).
- AMD’s TA Score: 4 bullish, 4 bearish.
- MU’s TA Score: 6 bullish, 4 bearish.
Price Growth
AMD (@Semiconductors) experienced а +26.25% price change this week, while MU (@Semiconductors) price change was +37.73% for the same time period.
The average weekly price growth across all stocks in the @Semiconductors industry was +8.68%. For the same industry, the average monthly price growth was +46.13%, and the average quarterly price growth was +68.60%.
Reported Earning Dates
AMD is expected to report earnings on Aug 04, 2026.
MU is expected to report earnings on Jul 01, 2026.
Industries' Descriptions
@Semiconductors (+8.68% weekly)The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.
| AMD | MU | AMD / MU | |
| Capitalization | 742B | 842B | 88% |
| EBITDA | 8.09B | 37.1B | 22% |
| Gain YTD | 112.547 | 161.772 | 70% |
| P/E Ratio | 151.73 | 35.24 | 431% |
| Revenue | 37.5B | 58.1B | 65% |
| Total Cash | 12.3B | 14.6B | 84% |
| Total Debt | 3.87B | 10.8B | 36% |
AMD | MU | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 50 | 50 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 85 Overvalued | 64 Fair valued | |
PROFIT vs RISK RATING 1..100 | 14 | 4 | |
SMR RATING 1..100 | 77 | 23 | |
PRICE GROWTH RATING 1..100 | 2 | 1 | |
P/E GROWTH RATING 1..100 | 10 | 14 | |
SEASONALITY SCORE 1..100 | 90 | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
MU's Valuation (64) in the Semiconductors industry is in the same range as AMD (85). This means that MU’s stock grew similarly to AMD’s over the last 12 months.
MU's Profit vs Risk Rating (4) in the Semiconductors industry is in the same range as AMD (14). This means that MU’s stock grew similarly to AMD’s over the last 12 months.
MU's SMR Rating (23) in the Semiconductors industry is somewhat better than the same rating for AMD (77). This means that MU’s stock grew somewhat faster than AMD’s over the last 12 months.
MU's Price Growth Rating (1) in the Semiconductors industry is in the same range as AMD (2). This means that MU’s stock grew similarly to AMD’s over the last 12 months.
AMD's P/E Growth Rating (10) in the Semiconductors industry is in the same range as MU (14). This means that AMD’s stock grew similarly to MU’s over the last 12 months.
| AMD | MU | |
|---|---|---|
| RSI ODDS (%) | 3 days ago 73% | 3 days ago 76% |
| Stochastic ODDS (%) | 5 days ago 73% | 3 days ago 72% |
| Momentum ODDS (%) | N/A | 3 days ago 77% |
| MACD ODDS (%) | N/A | 3 days ago 81% |
| TrendWeek ODDS (%) | 3 days ago 78% | 3 days ago 77% |
| TrendMonth ODDS (%) | 3 days ago 77% | 3 days ago 76% |
| Advances ODDS (%) | 5 days ago 77% | 5 days ago 75% |
| Declines ODDS (%) | 13 days ago 75% | 21 days ago 72% |
| BollingerBands ODDS (%) | 3 days ago 65% | 3 days ago 63% |
| Aroon ODDS (%) | 3 days ago 78% | 3 days ago 82% |
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AMD and
Correlation & Price change
A.I.dvisor indicates that over the last year, AMD has been closely correlated with LRCX. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if AMD jumps, then LRCX could also see price increases.
| Ticker / NAME | Correlation To AMD | 1D Price Change % | ||
|---|---|---|---|---|
| AMD | 100% | +11.44% | ||
| LRCX - AMD | 75% Closely correlated | +2.63% | ||
| KLAC - AMD | 71% Closely correlated | +6.01% | ||
| FORM - AMD | 71% Closely correlated | +2.20% | ||
| ENTG - AMD | 71% Closely correlated | +0.98% | ||
| AMAT - AMD | 70% Closely correlated | +6.04% | ||
More | ||||
MU and
Correlation & Price change
A.I.dvisor indicates that over the last year, MU has been closely correlated with LRCX. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if MU jumps, then LRCX could also see price increases.