AMD
Advanced Micro Devices, Inc.
AMD has the edge over INGM overall, supported by stronger fundamentals and stronger modeled upside.
INGM
Ingram Micro Holding Corporation
INGM has slightly lower modeled downside risk, despite its lower overall score.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
INGM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Stable |
INGM's revenue and profitability are currently healthy, and its cash flow and balance sheet are 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.
INGM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.7x | $28.77 | — |
| Current | 14x | $28.77 | — |
| Cheap | 15x | $30.53 | +6.1% |
| Fair | 17x | $33.53 | +17% |
| Expensive | 18x | $36.54 | +27% |
Historical ranges are pointers, not guarantees.
INGM 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 INGM on the outlook, with more favorable profitability expectations.
INGM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for INGM, with profitability 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 INGM on earnings, with more consistent year-over-year improvement.
INGM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.75 | +88% |
| Q3 2026 | $1.99 | +62% |
| Q2 2026 | $1.84 | +59% |
| Q1 2026 | $1.52 | +24% |
| Q4 2025 | $1.39 | +21% |
| Q3 2025 | $1.23 | -10% |
| Q2 2025 | $1.16 | -17% |
| Q1 2025 | $1.23 | -15% |
| Q4 2024 | $1.15 | -23% |
INGM's earnings per share have fallen from their peak: $1.99 over the past year, against $10.22 in late 2022.
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 INGM on sales, with stronger typical year-over-year growth.
| 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 INGM on profitability, with a higher operating margin.
INGM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $15.2B | +21% |
| Q2 2026 | $14.5B | +14% |
| Q1 2026 | $14B | +14% |
| Q4 2025 | $14.9B | +11% |
| Q3 2025 | $12.6B | +7.2% |
| Q2 2025 | $12.8B | +11% |
| Q1 2025 | $12.3B | +8.3% |
| Q4 2024 | $13.3B | +2.5% |
INGM's revenue has grown year over year for eight quarters in a row: $15.2B last quarter, up 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.9% | +0.2 points |
| Q2 2026 | 1.6% | +0.5 points |
| Q1 2026 | 1.6% | 0 points |
| Q4 2025 | 2.1% | +0.2 points |
| Q3 2025 | 1.8% | -0.1 points |
| Q2 2025 | 1.1% | -0.4 points |
| Q1 2025 | 1.6% | +0.1 points |
| Q4 2024 | 1.9% | -0.7 points |
INGM's operating margin was 1.9% last quarter, about level with 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 INGM on cash flow, with more consistent year-over-year improvement.
INGM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $211.2M | +$386.2M |
| Q2 2026 | -$566.1M | -$233M |
| Q1 2026 | -$1B | -$784M |
| Q4 2025 | $1.5B | +456% |
| Q2 2025 | -$333.2M | -191% |
| Q1 2025 | -$230.2M | -$94.3M |
| Q4 2024 | $273.9M | +$311.4M |
| Q2 2024 | $368.1M | +363% |
INGM's free cash flow has turned positive after two years mostly in the red: $155M 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 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.
INGM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -459K shares |
| 1 year | -1.6% | -3.8M shares |
| 3 years | -1.3% | -3.1M shares |
| 5 years | -1.3% | -3.1M shares |
| Available history | -1.3% | -3.1M shares |
INGM has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $17M |
| Q2 2026 | $30M |
| Q1 2026 | $75M |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
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.
INGM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.5x | Moderate |
| Q1 2026 | 2.2x | Moderate |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 3.0x | Moderate |
| Q2 2025 | 2.9x | Moderate |
| Q1 2025 | 2.4x | Moderate |
| Q4 2024 | 2.3x | Moderate |
INGM's net debt is about 2.3 years of its operating earnings (EBITDA), down from 3.0 years 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).
INGM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.7 | Neutral |
| Stochastic | 50.3 | Neutral |
INGM's weekly RSI is 55 (neutral) and its Stochastic is 50 (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.
INGM PE vs Technology Sector
| Metric | INGM | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 28x | 48% below |
| PE % | 6 | 22 | 16 pts below |
INGM 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 |
INGM has stronger trend alignment. AMD is above 5 of 5 weekly averages versus INGM above 4 of 4.
INGM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $27.5 | 4.5% above |
| 20 week MA | $27.9 | 3.1% above |
| 50 week MA | $25.8 | 12% above |
| 100 week MA | $23.0 | 25% above |
INGM is in an uptrend: it's above all four of its weekly moving averages, and 25% above its 100-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 INGM on returns for 2026, with the stronger performance.
INGM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $24.3 | $19.6 | -19% |
| 2025 | $19.6 | $22.1 | +13% |
| 2026 YTD | $22.1 | $28.8 | +30% |
INGM is up 30% so far in 2026, after finishing lower in one of the previous two years.