AMD
Advanced Micro Devices, Inc.
AMD has the edge over INDI overall, supported by stronger fundamentals and lower modeled downside.
INDI
indie Semiconductor, Inc.
INDI'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.
INDI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Weak | |
| Unavailable |
INDI's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
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.
INDI PE Valuation
INDI has no meaningful PE right now: it lost money over the past year.
AMD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Low |
Analysts expect strong earnings and revenue growth for AMD, with profitability improving. However, they disagree widely on these estimates.
INDI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect INDI's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
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 INDI on earnings quality, reporting a profit while its opponent remains loss making.
INDI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.72 | +$0.03 |
| Q2 2026 | -$0.73 | +$0.11 |
| Q1 2026 | -$0.76 | -$0.01 |
| Q4 2025 | -$0.73 | +$0.03 |
| Q3 2025 | -$0.75 | -$0.12 |
| Q2 2025 | -$0.84 | -$0.37 |
| Q1 2025 | -$0.75 | -$0.30 |
| Q4 2024 | -$0.76 | +$0.05 |
INDI is still losing money, but less than at its worst: $0.72 per share over the past year, against $1.29 at its worst in late 2021.
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 INDI 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 INDI on profitability, with a higher operating margin.
INDI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $70.2M | +31% |
| Q2 2026 | $64M | +24% |
| Q1 2026 | $55.5M | +2.6% |
| Q4 2025 | $58M | 0% |
| Q3 2025 | $53.7M | -0.5% |
| Q2 2025 | $51.6M | -1.4% |
| Q1 2025 | $54.1M | +3.3% |
| Q4 2024 | $58M | -17% |
INDI's revenue is growing: $70M last quarter, up 31% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -56% | +16 points |
| Q2 2026 | -55% | +29 points |
| Q1 2026 | -70% | +1.9 points |
| Q4 2025 | -59% | -0.1 points |
| Q3 2025 | -71% | +21 points |
| Q2 2025 | -83% | -13 points |
| Q1 2025 | -72% | +23 points |
| Q4 2024 | -58% | -28 points |
INDI's operating margin was −56% last quarter, up 16 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 INDI on cash generation, producing positive trailing cash flow while its opponent burns cash.
INDI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$23.1M | -$12.8M |
| Q2 2026 | -$32M | -$18.4M |
| Q1 2026 | -$25.3M | +$6M |
| Q4 2025 | -$16.1M | -$7.5M |
| Q3 2025 | -$10.3M | +$19M |
| Q2 2025 | -$13.6M | +$9.8M |
| Q1 2025 | -$31.4M | -$19.7M |
| Q4 2024 | -$8.6M | +$12M |
INDI has burned cash in almost every quarter: −$97M over the past year, against −$64M 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 the edge over INDI 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.
INDI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.4% | +7.3M shares |
| 1 year | +10% | +20M shares |
| 3 years | +54% | +77.3M shares |
| 5 years | +116% | +118M shares |
| Available history | +98% | +108M shares |
INDI has 219M diluted shares, up 10% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | $7.4M |
| Q3 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
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.
INDI Net Leverage
INDI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
INDI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.6 | Neutral |
| Stochastic | 12.5 | Oversold |
INDI's weekly RSI is 40 (neutral) and its Stochastic is 13 (oversold).
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.
INDI PE vs Technology Sector
INDI has no meaningful PE right now: it lost money over the past year.
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 INDI on trend strength, trading above more of its moving averages.
INDI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.21 | 1.4% below |
| 20 week MA | $3.18 | 31% below |
| 50 week MA | $3.56 | 39% below |
| 100 week MA | $3.59 | 39% below |
| 200 week MA | $5.22 | 58% below |
INDI is in a downtrend: it's below all five of its weekly moving averages, and 58% 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 INDI on returns for 2026, with the stronger performance.
INDI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.88 | $12.9 | +30% |
| 2021 | $12.9 | $11.6 | -9.7% |
| 2022 | $11.6 | $6.21 | -46% |
| 2023 | $6.21 | $8.11 | +31% |
| 2024 | $8.11 | $4.34 | -46% |
| 2025 | $4.34 | $3.74 | -14% |
| 2026 YTD | $3.74 | $2.18 | -42% |
INDI has finished lower in four of the last six years. It's down 42% so far in 2026.