AMD
Advanced Micro Devices, Inc.
AMD has the edge over IDCC overall, supported by stronger fundamentals and stronger valuation.
IDCC
InterDigital, Inc.
IDCC's outlook is improving, though it still trails on the overall score.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
IDCC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
IDCC's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
AMD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 39x | $585 | — |
| Cheap | 40x | $182 | -69% |
| Fair | 112x | $514 | -12% |
| Current | 127x | $585 | — |
| Expensive | 206x | $947 | +62% |
Historical ranges are pointers, not guarantees.
AMD's PE is in its fair range at 127x. If earnings grow as analysts expect, today's price would be 39x next year's earnings, in its cheap range.
IDCC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $137 | -54% |
| Fair | 25x | $221 | -25% |
| Current | 33x | $295 | — |
| Forward | 43x | $295 | — |
| Expensive | 65x | $579 | +96% |
Historical ranges are pointers, not guarantees.
IDCC has the edge over AMD in the historical PE scenario, which offers more potential upside but is not a forecast.
AMD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Low |
AMD has the edge over IDCC on the outlook, with more favorable valuation and revenue expectations.
IDCC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect IDCC's earnings to grow and its profitability to improve, with its revenue holding steady.
AMD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $15.05 | +227% |
| Q3 2026 | $4.60 | +127% |
| Q2 2026 | $3.89 | +122% |
| Q1 2026 | $3.05 | +123% |
| Q4 2025 | $2.65 | +165% |
| Q3 2025 | $2.03 | +81% |
| Q2 2025 | $1.75 | +111% |
| Q1 2025 | $1.37 | +99% |
| Q4 2024 | $1.00 | +89% |
AMD has the edge over IDCC on earnings, with more consistent year-over-year improvement.
IDCC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.89 | -23% |
| Q3 2026 | $8.95 | -40% |
| Q2 2026 | $8.54 | -39% |
| Q1 2026 | $10.49 | -17% |
| Q4 2025 | $11.80 | -2.2% |
| Q3 2025 | $14.85 | +57% |
| Q2 2025 | $14.06 | +40% |
| Q1 2025 | $12.64 | +83% |
| Q4 2024 | $12.07 | +58% |
IDCC's earnings per share have fallen from their peak: $8.95 over the past year, against $14.85 in late 2025.
AMD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $13.4B | +45% |
| Q2 2026 | $11.5B | +50% |
| Q1 2026 | $10.3B | +38% |
| Q4 2025 | $10.3B | +34% |
| Q3 2025 | $9.2B | +36% |
| Q2 2025 | $7.7B | +32% |
| Q1 2025 | $7.4B | +36% |
| Q4 2024 | $7.7B | +24% |
AMD has the edge over IDCC on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +7.4 points |
| Q2 2026 | 17% | +19 points |
| Q1 2026 | 14% | +3.6 points |
| Q4 2025 | 17% | +5.7 points |
| Q3 2025 | 14% | +3.1 points |
| Q2 2025 | -1.7% | -6.4 points |
| Q1 2025 | 11% | +10 points |
| Q4 2024 | 11% | +5.8 points |
AMD's operating margin was 21% last quarter, up 7.4 points from the same quarter a year ago.
IDCC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $193.4M | +17% |
| Q2 2026 | $260.2M | -13% |
| Q1 2026 | $205.4M | -2.4% |
| Q4 2025 | $158.2M | -37% |
| Q3 2025 | $164.7M | +28% |
| Q2 2025 | $300.6M | +34% |
| Q1 2025 | $210.5M | -20% |
| Q4 2024 | $252.8M | +140% |
IDCC's revenue is recovering but still below its 2025 peak: $193M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 51% | +5.3 points |
| Q2 2026 | 54% | -15 points |
| Q1 2026 | 40% | -23 points |
| Q4 2025 | 30% | -34 points |
| Q3 2025 | 46% | +16 points |
| Q2 2025 | 68% | +8.4 points |
| Q1 2025 | 63% | +23 points |
| Q4 2024 | 64% | +40 points |
IDCC has the edge over AMD on profitability, with a higher operating margin.
AMD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $554M | -71% |
| Q2 2026 | $1.6B | -9.9% |
| Q1 2026 | $2.6B | +253% |
| Q4 2025 | $2.4B | +118% |
| Q3 2025 | $1.9B | +283% |
| Q2 2025 | $1.7B | +294% |
| Q1 2025 | $727M | +92% |
| Q4 2024 | $1.1B | +351% |
AMD has the edge over IDCC on cash flow, with more consistent year-over-year improvement.
IDCC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $149.4M | -62% |
| Q2 2026 | $80.9M | -23% |
| Q1 2026 | $15.2M | +$49.7M |
| Q4 2025 | $63.2M | -66% |
| Q3 2025 | $395.3M | +415% |
| Q2 2025 | $104.5M | +$154M |
| Q1 2025 | -$34.5M | -169% |
| Q4 2024 | $188.1M | +$212.8M |
IDCC still generates free cash flow, though less than at its 2025 peak: $309M over the past year.
AMD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +2M shares |
| 1 year | +1.2% | +20M shares |
| 3 years | +2% | +32M shares |
| 5 years | +35% | +431M shares |
| Available history | +40% | +473M shares |
AMD has the edge over IDCC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $221M |
| Q4 2025 | — |
| Q3 2025 | $89M |
| Q2 2025 | $478M |
| Q1 2025 | $749M |
| Q4 2024 | $256M |
AMD has spent almost nothing on buybacks in the past year.
IDCC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -46K shares |
| 1 year | +1.4% | +489K shares |
| 3 years | +24% | +6.6M shares |
| 5 years | +9.7% | +3M shares |
| Available history | +7.6% | +2.4M shares |
IDCC has 34M diluted shares, up 1.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $18.7M |
| Q2 2026 | $23M |
| Q1 2026 | $8.2M |
| Q4 2025 | $35.7M |
| Q3 2025 | $35.3M |
| Q2 2025 | $26.2M |
| Q1 2025 | $5.2M |
| Q4 2024 | — |
IDCC spent $86M buying back its own shares over the past year, up 28% from the year before.
AMD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2020 | -1.0x | Net Cash |
| Q1 2020 | -0.8x | Net Cash |
| Q4 2019 | -1.2x | Net Cash |
AMD has more cash than debt.
IDCC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | -0.5x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | -0.1x | Net Cash |
IDCC has more cash than debt.
AMD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.3 | Neutral |
| Stochastic | 41.4 | Neutral |
AMD's weekly RSI is 59 (neutral) and its Stochastic is 41 (neutral).
IDCC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.8 | Neutral |
| Stochastic | 27.0 | Neutral |
IDCC's weekly RSI is 45 (neutral) and its Stochastic is 27 (neutral).
AMD PE vs Technology Sector
| Metric | AMD | Sector median | Relative |
|---|---|---|---|
| PE | 127x | 28x | 357% above |
| PE % | 61 | 35 | 26 pts above |
AMD is trading at 127x earnings, a 357% premium to the Technology sector's median of 28x.
IDCC PE vs Technology Sector
| Metric | IDCC | Sector median | Relative |
|---|---|---|---|
| PE | 33x | 28x | 18% above |
| PE % | 64 | 35 | 29 pts above |
IDCC has the edge over AMD on valuation relative to its sector.
AMD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $557.2 | 5.1% above |
| 20 week MA | $525.9 | 11% above |
| 50 week MA | $389.7 | 50% above |
| 100 week MA | $266.9 | 119% above |
| 200 week MA | $199.6 | 193% above |
AMD has the edge over IDCC on trend strength, trading above more of its moving averages.
IDCC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $317.4 | 6.9% below |
| 20 week MA | $314.3 | 6% below |
| 50 week MA | $318.9 | 7.4% below |
| 100 week MA | $284.1 | 4% above |
| 200 week MA | $195.1 | 51% above |
IDCC has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 51% above its 200-week average.
AMD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $46.2 | $91.8 | +99% |
| 2021 | $91.8 | $146.1 | +59% |
| 2022 | $146.1 | $64.5 | -56% |
| 2023 | $64.5 | $147.4 | +128% |
| 2024 | $147.4 | $125.2 | -15% |
| 2025 | $125.2 | $215.0 | +72% |
| 2026 YTD | $215.0 | $585.3 | +172% |
AMD has the edge over IDCC on returns for 2026, with the stronger performance.
IDCC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $55.0 | $61.2 | +11% |
| 2021 | $61.2 | $72.6 | +19% |
| 2022 | $72.6 | $49.7 | -32% |
| 2023 | $49.7 | $108.5 | +118% |
| 2024 | $108.5 | $194.9 | +80% |
| 2025 | $194.9 | $330.7 | +70% |
| 2026 YTD | $330.7 | $295.4 | -11% |
IDCC has finished higher in five of the last six years, three of them by more than 50%. It's down 11% so far in 2026.