Quick verdict: AMD vs ASML in 2026

In this amd vs asml stock comparison 2026, ASML Holding N.V. (ASML) holds an overall edge, leading in profitability and dividend yield, showcasing strong operational efficiency. Advanced Micro Devices, Inc. (AMD) stands out as the growth leader with significantly higher year-over-year revenue expansion and more aggressive analyst price targets, while ASML demonstrates superior margins and free cash flow generation. Both companies are highly regarded by analysts, but AMD currently boasts a higher percentage of ‘Buy’ ratings and greater implied upside to its consensus target price. Not investment advice.

AMD vs ASML: key metrics side by side

Full side-by-side comparison of AMD and ASML across valuation, profitability, growth and analyst sentiment. Data updated 2026-03-28.

AMD vs ASML valuation comparison

When assessing the amd vs asml fundamentals and valuation, traditional metrics like the Price-to-Earnings (P/E) ratio and Price-to-Book (P/B) ratio are currently not calculable or meaningful for either company, as both are listed with 0x for these metrics. This can indicate negative earnings or book values, or specific accounting scenarios that make these ratios difficult to apply directly for comparative valuation. Therefore, investors must look beyond these standard multiples for a complete picture.

Moving to the Discounted Cash Flow (DCF) model, both companies appear significantly overvalued based on the provided data. AMD’s DCF valuation suggests a downside of -68.8% from its current price of $201.99, implying a fair value of $62.98. ASML’s DCF model indicates an even larger downside of -73.4% from its current price of $1302.47, suggesting a fair value of $346.4. While both models suggest deep overvaluation, ASML, by this specific DCF analysis, appears slightly more overvalued. Without reliable P/E or P/B ratios, and with both DCF models showing substantial negative upside, declaring a “cheaper” stock purely on these valuation metrics is challenging; instead, it highlights that both trade at a significant premium to their intrinsic value as calculated by this DCF model.

AMD vs ASML growth comparison

In terms of growth, Advanced Micro Devices (AMD) currently demonstrates significantly stronger momentum compared to ASML Holding N.V. (ASML). AMD reported a robust year-over-year revenue growth of +34.3%, significantly outpacing ASML’s respectable growth rate of +15.6%. This strong top-line expansion positions AMD as a key player capitalizing on demand in segments like high-performance computing, data centers, and AI accelerators, driving its impressive revenue figures of $34.64 billion.

ASML, with revenues of $32.67 billion, operates in a highly specialized and mission-critical segment of the semiconductor industry, producing lithography equipment essential for chip manufacturing. While its growth rate of 15.6% is substantial and indicative of a strong, growing market for advanced chip production, it does not match AMD’s accelerated pace. AMD’s ability to diversify its product portfolio and capture market share in multiple high-growth areas contributes to its superior growth metrics, suggesting it currently has stronger momentum in expanding its overall business footprint.

AMD vs ASML profitability

When analyzing AMD vs ASML profitability, ASML Holding N.V. (ASML) clearly outshines Advanced Micro Devices (AMD) across several key metrics, showcasing its robust business model and strong pricing power in a niche market. ASML boasts an impressive net margin of 29.42%, significantly higher than AMD’s 12.51%. This wide disparity indicates ASML’s superior ability to convert revenue into net income, reflecting efficient cost management and the high-value nature of its proprietary lithography technology. Furthermore, ASML’s EBITDA margin stands at a remarkable 38.0%, dwarfing AMD’s 21.03%, reinforcing ASML’s operational efficiency and strong core business profitability.

While the Return on Equity (ROE) is not available for either company, the Free Cash Flow (FCF) yield provides further insight into their cash generation capabilities. ASML maintains a slightly higher FCF yield of 2.49% compared to AMD’s 2.05%. This suggests that ASML is marginally more effective at generating cash relative to its market capitalization, providing greater financial flexibility. Given these figures, it is evident that ASML generates considerably more cash and is more profitable on a per-revenue basis, solidifying its position as the more financially robust company in terms of margins and cash flow.

Analyst ratings: AMD vs ASML

The analyst community has a positive outlook on both Advanced Micro Devices (AMD) and ASML Holding N.V. (ASML), with a consensus “Buy” rating for both stocks as of 2026-03-28. However, a deeper dive into their recommendations reveals a stronger bullish sentiment for AMD. Out of 69 analysts covering AMD, a high 68.1% recommend a “Buy,” with a consensus price target of $293.26. This target represents a substantial upside of +45.2% from its current price of $201.99, indicating strong confidence in AMD’s future performance and growth trajectory.

For ASML, 44 analysts provide coverage, with 59.1% recommending a “Buy.” While still a majority, it is a lower percentage compared to AMD. The consensus price target for ASML is $1458.5, which implies an upside of +12.0% from its current price of $1302.47. This suggests a more modest, though still positive, expected return compared to AMD. Therefore, based on the percentage of buy ratings and the implied price target upside, analysts collectively show a stronger preference and greater growth expectations for AMD over ASML in the near to medium term.

Should I buy AMD or ASML stock in 2026?

For growth investors prioritizing rapid expansion and significant upside potential, Advanced Micro Devices (AMD) appears to be the more compelling choice in this amd vs asml stock comparison 2026. AMD demonstrates a robust revenue growth rate of +34.3% year-over-year, nearly double that of ASML. Moreover, analysts project a considerable price target upside of +45.2% for AMD, reflecting strong confidence in its continued market share gains in high-growth sectors like AI and data centers.

For value investors, determining which stock is “cheaper” is complex given that both AMD and ASML have a 0x P/E ratio and 0x P/B ratio, making traditional valuation multiples uninformative. Furthermore, both companies show significant overvaluation according to the provided DCF models, with AMD at -68.8% downside and ASML at -73.4% downside. However, if one considers fundamental strength and efficiency as aspects of ‘value,’ ASML stands out with significantly higher net margins (29.42% vs 12.51%) and EBITDA margins (38.0% vs 21.03%), alongside a slightly better Free Cash Flow yield (2.49% vs 2.05%). These metrics suggest ASML has superior profitability and cash generation capabilities, which can appeal to investors looking for fundamentally strong businesses.

When considering income, ASML Holding N.V. is the only company among the two that currently offers a dividend, albeit a minimal one at 0.01% yield compared to AMD’s 0%. Therefore, for investors seeking even a token income stream, ASML would be the preferred, though not substantial, choice. Ultimately, the decision of should i buy amd or asml stock 2026 depends heavily on individual investment objectives, risk tolerance, and further in-depth due diligence. This is not investment advice.

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