Nvidia reported $96.22 billion in quarterly revenue and a 66.2% GAAP operating margin on August 26, while AMD's August 4 results showed $11.54 billion in revenue and a 17.3% margin. In an illustrative test that cuts each margin by five percentage points with revenue unchanged, Nvidia's operating income falls 7.5% and AMD's falls 29.0%, showing Nvidia has more room to absorb pricing pressure. AMD's data-center revenue reached $6.7 billion, up 107%, versus Nvidia's $89 billion, and the article notes AMD could grow faster from a smaller profit base but faces integration costs and competitive pricing. At October 15 prices, trailing free-cash-flow multiples were about 41 for Nvidia and 109 for AMD, making cash conversion especially important for AMD. The article stresses that this one-quarter margin exercise is not a return forecast.
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/16/2026 | 214.14 |
| Change that session | -1.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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