AMD
Advanced Micro Devices, Inc.
AMD has the edge over IIIV overall, supported by stronger fundamentals and stronger modeled upside.
IIIV
i3 Verticals, Inc.
IIIV'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.
IIIV Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Strong | |
| Under pressure |
IIIV's cash flow is currently strong, and its revenue and profitability are stable, but its balance sheet is under pressure.
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 has the edge over IIIV in the historical PE scenario, which offers more potential upside but is not a forecast.
IIIV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.6x | $2.35 | -87% |
| Forward | 15x | $18.64 | — |
| Fair | 28x | $11.67 | -37% |
| Expensive | 40x | $16.63 | -11% |
| Current | 44x | $18.64 | — |
Historical ranges are pointers, not guarantees.
IIIV's PE is in its expensive range at 44x. If earnings grow as analysts expect, today's price would be 15x next year's earnings, in its fair range.
AMD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Low |
AMD has the edge over IIIV on the outlook, with more favorable revenue expectations.
IIIV Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect IIIV'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 IIIV on earnings, with more consistent year-over-year improvement.
IIIV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.22 | +191% |
| Q2 2026 | $0.42 | -92% |
| Q1 2026 | $0.74 | -83% |
| Q4 2025 | $0.66 | -85% |
| Q3 2025 | $0.72 | -84% |
| Q2 2025 | $5.22 | +$5.26 |
| Q1 2025 | $4.40 | +7233% |
| Q4 2024 | $4.49 | +$4.51 |
| Q3 2024 | $4.45 | +$4.52 |
IIIV's earnings per share have fallen from their peak: $0.42 over the past year, against $5.22 in mid-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 IIIV 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 has the edge over IIIV on profitability, with a higher operating margin.
IIIV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $53.1M | +2.2% |
| Q1 2026 | $57.5M | -8.8% |
| Q4 2025 | $52.7M | -15% |
| Q3 2025 | $54.9M | -9.8% |
| Q2 2025 | $51.9M | -7.4% |
| Q1 2025 | $63.1M | -33% |
| Q4 2024 | $61.7M | -33% |
| Q3 2024 | $60.9M | -37% |
IIIV's revenue has slid since its 2019 peak: $53M last quarter, up 2.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -1.7% | +7.6 points |
| Q1 2026 | 6.5% | +0.2 points |
| Q4 2025 | 3% | -1.3 points |
| Q3 2025 | 2.7% | -3.1 points |
| Q2 2025 | -9.3% | -8.1 points |
| Q1 2025 | 6.3% | -3.7 points |
| Q4 2024 | 4.4% | -4.9 points |
| Q3 2024 | 5.8% | -3.3 points |
IIIV's operating margin was −1.7% last quarter, up 7.6 points from the same quarter a year ago.
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 IIIV on cash flow, with more consistent year-over-year improvement.
IIIV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $13M | +90% |
| Q1 2026 | $9.6M | +$37.2M |
| Q4 2025 | $13.8M | +25% |
| Q3 2025 | $13.5M | +14% |
| Q2 2025 | $6.8M | -5.7% |
| Q1 2025 | -$27.6M | -345% |
| Q4 2024 | $11M | -11% |
| Q3 2024 | $11.8M | +213% |
IIIV generated $50M in free cash flow over the past year, more than ten times what it generated the year before.
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 1.7B diluted shares, up 1.2% from a year ago.
| 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.
IIIV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -36% | -11M shares |
| 1 year | -42% | -14.4M shares |
| 3 years | -43% | -14.7M shares |
| 5 years | +2.2% | +415K shares |
| Available history | +86% | +9.1M shares |
IIIV has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $48.1M |
| Q1 2026 | $50.9M |
| Q4 2025 | $37.9M |
| Q3 2025 | — |
| Q2 2025 | $26.1M |
| Q1 2025 | $308,000 |
| Q4 2024 | $11.2M |
| Q3 2024 | $29,000 |
IIIV spent $137M buying back its own shares over the past year, about four times what it spent 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.
IIIV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.2x | Elevated |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | -1.2x | Net Cash |
| Q3 2025 | -2.0x | Net Cash |
| Q2 2025 | -1.4x | Net Cash |
| Q1 2025 | 0.1x | Very low |
| Q4 2024 | -1.2x | Net Cash |
| Q3 2024 | -0.8x | Net Cash |
IIIV's net debt is about 3.2 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
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).
IIIV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.9 | Neutral |
| Stochastic | 63.0 | Neutral |
IIIV's weekly RSI is 51 (neutral) and its Stochastic is 63 (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.
IIIV PE vs Technology Sector
| Metric | IIIV | Sector median | Relative |
|---|---|---|---|
| PE | 44x | 28x | 59% above |
| PE % | 88 | 35 | 53 pts above |
IIIV 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 IIIV on trend strength, trading above more of its moving averages.
IIIV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.8 | 11% above |
| 20 week MA | $17.6 | 5.7% above |
| 50 week MA | $20.6 | 9.3% below |
| 100 week MA | $23.9 | 22% below |
| 200 week MA | $23.1 | 19% below |
IIIV has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 19% below 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 IIIV on returns for 2026, with the stronger performance.
IIIV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $28.3 | $32.9 | +16% |
| 2021 | $32.9 | $23.2 | -29% |
| 2022 | $23.2 | $24.0 | +3.1% |
| 2023 | $24.0 | $21.2 | -12% |
| 2024 | $21.2 | $23.9 | +13% |
| 2025 | $23.9 | $26.2 | +9.4% |
| 2026 YTD | $26.2 | $18.6 | -29% |
IIIV has finished higher in four of the last six years. It's down 29% so far in 2026.