AMD
Advanced Micro Devices, Inc.
AMD has the edge over PICS overall, supported by lower modeled downside and stronger modeled upside.
PICS
PicS N.V.
PICS'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.
PICS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Weak |
PICS's revenue, profitability and cash flow are currently healthy, but its balance sheet is weak.
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.
PICS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 3.8x | $6.96 | — |
| Cheap | 5.2x | $9.53 | +37% |
| Fair | 6.1x | $11.33 | +63% |
| Expensive | 6.7x | $12.44 | +79% |
Historical ranges are pointers, not guarantees.
PICS 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 |
Analysts expect strong earnings and revenue growth for AMD, with profitability improving. However, they disagree widely on these estimates.
PICS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for PICS, 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's earnings per share have climbed steadily: $4.60 over the past year, up 127% from the year before, and higher year over year for 11 quarters in a row.
PICS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $1.85 | +278% |
| Q1 2026 | $1.62 | +286% |
| Q4 2025 | $1.53 | +378% |
| Q3 2025 | $0.49 | +40% |
PICS has the edge over AMD on earnings, with stronger typical year-over-year growth.
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's revenue has grown year over year for 13 quarters in a row: $13.4B last quarter, up 45% from the same quarter a year ago.
| 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 PICS on profitability, with a higher operating margin.
PICS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $737.9M | +78% |
| Q1 2026 | $628.9M | +70% |
| Q4 2025 | $539.6M | +80% |
| Q3 2025 | $469.8M | +101% |
| Q2 2025 | $415.6M | +99% |
| Q1 2025 | $369.5M | +82% |
| Q4 2024 | $299.8M | +76% |
| Q3 2024 | $234.1M | +39% |
PICS has the edge over AMD on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 7.1% | +2.5 points |
| Q1 2026 | 43% | +6.3 points |
| Q4 2025 | 34% | +31 points |
| Q3 2025 | 6.4% | -3 points |
| Q2 2025 | 4.6% | -4.8 points |
| Q1 2025 | 37% | +11 points |
| Q4 2024 | 3.8% | +6.9 points |
| Q3 2024 | 9.4% | -33 points |
PICS's operating margin was 7.1% last quarter, up 2.5 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 PICS on cash flow, with more consistent year-over-year improvement.
PICS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $826.8M | +32% |
| Q1 2026 | -$75.9M | +$432.1M |
| Q4 2025 | -$474.3M | -$310.5M |
| Q3 2025 | $202.7M | +$218.4M |
| Q2 2025 | $625.2M | +$638.8M |
| Q1 2025 | -$507.9M | -$449M |
| Q4 2024 | -$163.8M | -267% |
| Q3 2024 | -$15.8M | -107% |
PICS's free cash flow has turned positive after two years mostly in the red: $479M 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.
PICS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
PICS has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
PICS hasn't bought back shares in 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.
PICS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 14.4x | High |
| Q1 2026 | -2.8x | Net Cash |
| Q4 2025 | -6.4x | Net Cash |
| Q3 2025 | -5.5x | Net Cash |
| Q2 2025 | -3.6x | Net Cash |
| Q1 2025 | 26.9x | High |
| Q4 2024 | -2.0x | Net Cash |
| Q3 2024 | -2.6x | Net Cash |
PICS's net debt is about 14 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).
PICS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.0 | Neutral |
| Stochastic | 4.3 | Oversold |
PICS's weekly RSI is 35 (neutral) and its Stochastic is 4 (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.
PICS PE vs Technology Sector
| Metric | PICS | Sector median | Relative |
|---|---|---|---|
| PE | 3.8x | 28x | 86% below |
| PE % | 9 | 17 | 8 pts below |
PICS 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 stronger trend alignment. AMD is above 5 of 5 weekly averages versus PICS above 0 of 2.
PICS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.91 | 30% below |
| 20 week MA | $10.7 | 35% below |
PICS is in a downtrend: it's below all two of its weekly moving averages, and 35% below its 20-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 PICS on returns for 2026, with the stronger performance.
PICS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2026 YTD | $18.0 | $6.96 | -61% |
It's down 61% so far in 2026.