AMD
Advanced Micro Devices, Inc.
AMD has the edge over ITRI overall, supported by stronger fundamentals and stronger modeled upside.
ITRI
Itron, Inc.
ITRI offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
ITRI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
ITRI's profitability and cash flow are currently healthy, and its revenue 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.
ITRI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 14x | $96.41 | — |
| Current | 16x | $96.41 | — |
| Cheap | 17x | $104 | +7.7% |
| Fair | 25x | $155 | +61% |
| Expensive | 58x | $357 | +270% |
Historical ranges are pointers, not guarantees.
ITRI 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 ITRI on the outlook, with more favorable profitability expectations.
ITRI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for ITRI, with profitability holding steady. 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 ITRI on earnings, with stronger typical year-over-year growth.
ITRI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.78 | +9.7% |
| Q3 2026 | $6.18 | +11% |
| Q2 2026 | $5.98 | +2.2% |
| Q1 2026 | $6.26 | +14% |
| Q4 2025 | $6.50 | +25% |
| Q3 2025 | $5.56 | +14% |
| Q2 2025 | $5.85 | +44% |
| Q1 2025 | $5.48 | +57% |
| Q4 2024 | $5.18 | +145% |
ITRI's earnings per share have climbed steadily: $6.18 over the past year, up 11% from the year before, and higher year over year for 16 quarters in a row.
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 ITRI 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 ITRI on profitability, with a higher operating margin.
ITRI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $599.3M | +3% |
| Q2 2026 | $562.9M | -7.2% |
| Q1 2026 | $587M | -3.3% |
| Q4 2025 | $571.7M | -6.7% |
| Q3 2025 | $581.6M | -5.5% |
| Q2 2025 | $606.8M | -0.4% |
| Q1 2025 | $607.2M | +0.6% |
| Q4 2024 | $612.9M | +6.2% |
ITRI's revenue has held roughly level: $599M last quarter, up 3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | +1.9 points |
| Q2 2026 | 14% | +0.9 points |
| Q1 2026 | 12% | -1 points |
| Q4 2025 | 14% | +3.5 points |
| Q3 2025 | 14% | +2.1 points |
| Q2 2025 | 13% | +2 points |
| Q1 2025 | 13% | +2.1 points |
| Q4 2024 | 10% | +1.7 points |
ITRI's operating margin was 16% last quarter, up 1.9 points from the same quarter a year ago, near the top of its range since 2019.
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 ITRI on cash flow, with stronger typical year-over-year growth.
ITRI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $95.5M | -16% |
| Q2 2026 | $81.5M | -10% |
| Q1 2026 | $79M | +17% |
| Q4 2025 | $111.5M | +59% |
| Q3 2025 | $113.4M | +93% |
| Q2 2025 | $90.7M | +103% |
| Q1 2025 | $67.5M | +98% |
| Q4 2024 | $70.2M | +78% |
ITRI generated $368M in free cash flow over the past year, up 7.5% from 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.
ITRI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -197K shares |
| 1 year | -4.8% | -2.2M shares |
| 3 years | -3.3% | -1.5M shares |
| 5 years | -1.8% | -829K shares |
| Available history | +11% | +4.4M shares |
ITRI has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $52.2M |
| Q1 2026 | $100M |
| Q4 2025 | $100M |
| Q3 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q4 2023 | — |
ITRI spent $252M buying back its own shares over the past year.
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.
ITRI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 2.3x | Moderate |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | -0.2x | Net Cash |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | 0.4x | Very low |
| Q4 2024 | 0.6x | Very low |
ITRI's net debt is about 1.9 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).
ITRI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.3 | Neutral |
| Stochastic | 62.0 | Neutral |
ITRI's weekly RSI is 55 (neutral) and its Stochastic is 62 (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.
ITRI PE vs Technology Sector
| Metric | ITRI | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 28x | 44% below |
| PE % | 13 | 35 | 22 pts below |
ITRI 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 ITRI on trend strength, trading above more of its moving averages.
ITRI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $90.4 | 6.6% above |
| 20 week MA | $92.4 | 4.4% above |
| 50 week MA | $91.5 | 5.3% above |
| 100 week MA | $102.9 | 6.3% below |
| 200 week MA | $92.0 | 4.8% above |
ITRI's trend is mixed: it's above four of its five weekly moving averages, and 4.8% 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 ITRI on returns for 2026, with the stronger performance.
ITRI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $83.8 | $93.9 | +12% |
| 2021 | $93.9 | $66.6 | -29% |
| 2022 | $66.6 | $49.6 | -26% |
| 2023 | $49.6 | $75.5 | +52% |
| 2024 | $75.5 | $109.2 | +45% |
| 2025 | $109.2 | $96.5 | -12% |
| 2026 YTD | $96.5 | $96.4 | -0.1% |
ITRI has finished lower in three of the last six years. It's roughly flat so far in 2026.