ADVANCED MICRO DEVICES INC vs ON Semiconductor Corporation, two Semiconductors stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
AMD and onsemi are both chipmakers, but they ride different waves. onsemi, focused on power and sensing chips for cars, keeps a 9.5% net margin and an 8% return on equity through a deep cyclical soft patch. AMD keeps a 13% net margin and an 8% return on equity as it scales its data-center business. Both trade richly for those numbers, AMD near 183 times earnings and onsemi near 85. onsemi is the recovery bet on automotive electrification; AMD the bet on finally converting share gains into margin.
Comparison updated 2026-06-15.
| Metric | AMD | ON |
|---|---|---|
| Price | $558.29 | $95.92 |
| Market cap | $921.2B | $37.8B |
| Sector | Semiconductors | Semiconductors |
| Stage | Mature | Mature |
| P/E | 183.1 | 70.5 |
| P/B | 14.29 | 5.16 |
| P/S | 24.59 | 6.23 |
| EV/EBITDA | 210.5 | 43.5 |
| Revenue growth | +34.8% | -8.5% |
| Gross margin | 52.8% | 38.5% |
| Operating margin | 14.4% | -3.5% |
| Net margin | 13.4% | 9.5% |
| Return on equity | 7.8% | 7.8% |
| Return on assets | 6.3% | 4.8% |
| Return on invested capital | 5.1% | 4.6% |
| FCF yield | 0.9% | 3.1% |
| Debt / equity | 0.05 | 0.41 |
| Current ratio | 2.72 | 4.87 |
| Altman Z (solvency) | 6.95 | 6.74 |
| Piotroski F (quality) | 6 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.