Advanced Micro Devices vs Micron Technology (AMD vs MU)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Micron Technology is the larger company by revenue ($133.2B vs $34.6B) and market value ($994.3B vs $863.2B). Micron Technology has grown revenue faster over the last 4 fiscal years (+333.0% cumulative vs +110.8%). Micron Technology runs the higher operating margin (74.6% vs 10.7%). Micron Technology trades at the lower trailing P/E (11.8x vs 134.9x).
About Advanced Micro Devices
Advanced Micro Devices Inc (AMD) designs and manufactures high-performance computing products including CPUs, GPUs, APUs, and SoCs for various markets. Its products serve data centers, client computing, gaming, and embedded systems, providing solutions for AI infrastructure, cloud computing, gaming, and industrial applications. AMD also develops software stacks and offers customized solutions to support AI and high-performance computing workloads.
About Micron Technology
Micron Technology Inc produces memory and storage solutions including DRAM, NAND, and NOR semiconductor products. The company serves various markets such as data centers, mobile devices, automotive, industrial, and consumer electronics through its business units focused on cloud memory, core data center, mobile and client, and automotive and embedded segments. Its products include components, modules, solid state drives, managed NAND, and multi-chip packages designed for applications ranging from AI and high-performance computing to mobile and automotive uses.
Head to head (AMD FY2025 vs MU FY2026)
| Metric | AMDFY2025 | MUFY2026 |
|---|---|---|
| Revenue | $34.64B | $133.19B |
| Revenue growth (YoY) | 34.3% | 256.3% |
| Gross margin | 49.5% | 80.7% |
| Operating margin | 10.7% | 74.6% |
| Net margin | 12.5% | 63.8% |
| Net income | $4.33B | $84.97B |
| Diluted EPS | $2.65 | $74.33 |
| FCF margin | 19.4% | 44.3% |
| ROE | 6.9% | 61.4% |
| Long-term debt / equity | 0.04× | 0.03× |
| Market cap | $863.17B | $994.34B |
| P/E | 134.9× | 11.8× |
Fundamentals are from each company’s SEC filings (AMD FY2025, MU FY2026). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| AMD by fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $16.43B | $23.60B | $22.68B | $25.79B | $34.64B |
| Net income | $3.16B | $1.32B | $854.0M | $1.64B | $4.33B |
| Operating margin | 22.2% | 5.4% | 1.8% | 7.4% | 10.7% |
| MU by fiscal year | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Revenue | $30.76B | $15.54B | $25.11B | $37.38B | $133.19B |
| Net income | $8.69B | $-5.83B | $778.0M | $8.54B | $84.97B |
| Operating margin | 31.5% | -37.0% | 5.2% | 26.1% | 74.6% |
Advanced Micro Devices and Micron Technology use different fiscal calendars (AMD's FY2025 ended 2025-12-27, MU's FY2026 ended 2026-09-03), so their fiscal years are shown separately rather than forced into one timeline.
Peer standing
Where each company ranks among the 89 semiconductor companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | AMD | MU |
|---|---|---|
| Gross margin | 49.5%62nd percentile of 79 | 80.7%99th percentile of 79 |
| Operating margin | 10.7%67th percentile of 80 | 74.6%Highest of 80 |
| Net margin | 12.5%71st percentile of 81 | 63.8%Highest of 81 |
| FCF margin | 19.4%74th percentile of 79 | 44.3%96th percentile of 79 |
| Revenue growth (YoY) | +34.3%79th percentile of 88 | +256.3%97th percentile of 88 |
| ROE | 6.9%61st percentile of 76 | 61.4%99th percentile of 76 |
| P/E | 134.9×93rd percentile of 43 | 11.8×10th percentile of 43 |
| Long-term debt / equity | 0.04×22nd percentile of 46 | 0.03×20th percentile of 46 |
| Short interest (days to cover) | 1.63d13th percentile of 89 | 1.06d5th percentile of 89 |
Short interest
| FINRA settlement data | AMD | MU |
|---|---|---|
| Shares sold short | 39.3M | 26.0M |
| Change vs prior settlement | -1.7% | -5.8% |
| Days to cover | 1.63 | 1.06 |
| As of settlement | 2026-09-30 | 2026-09-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | AMD | MU |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 77 ($105.5M) | 99 ($96.8M) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
15 tracked 13F managers hold both Advanced Micro Devices and Micron Technology as of their latest quarterly filings: AQR Capital Management, Appaloosa, Bridgewater Associates, Citadel Advisors, Coatue Management, D. E. Shaw, Gotham Asset Management, Harris Associates (Oakmark), Maverick Capital, Millennium Management, Point72 Asset Management, Renaissance Technologies and 3 more. See which superinvestors hold your own portfolio with the smart money checker.
Go deeper
AMAT vs AMDAMD vs ARMAMD vs AVGOAMD vs INTCAMD vs NVDAAMD vs TXNAll semiconductor stocks →All comparisons →
Track AMD and MU
Get an alert when either company files something material, see which superinvestors own them, and ask their filings a question with cited answers.
Start monitoring freeIncludes one free filing-grounded research answer. Or check your whole portfolio, no account needed.
Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.