AMD
Advanced Micro Devices, Inc.
AMD has the edge over STM overall, supported by stronger valuation and stronger fundamentals.
STM
STMicroelectronics N.V.
STM's outlook is improving despite an expensive valuation.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
STM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Strong |
STM's revenue, profitability and balance sheet are currently healthy, and its cash flow is 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 has the edge over STM in the historical PE scenario, which offers more potential upside but is not a forecast.
STM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.6x | $5.40 | -88% |
| Fair | 21x | $11.96 | -74% |
| Expensive | 40x | $22.34 | -52% |
| Current | 83x | $46.46 | — |
Historical ranges are pointers, not guarantees.
STM's PE is in its expensive range at 83x.
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.
STM Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for STM, with profitability improving.
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 STM on earnings, with more consistent year-over-year improvement.
STM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.56 | -1.8% |
| Q2 2026 | $0.51 | -25% |
| Q1 2026 | $0.16 | -86% |
| Q4 2025 | $0.18 | -89% |
| Q3 2025 | $0.57 | -77% |
| Q2 2025 | $0.68 | -79% |
| Q1 2025 | $1.17 | -70% |
| Q4 2024 | $1.65 | -63% |
STM's earnings per share have fallen from their peak: $0.56 over the past year, against $4.89 in early 2023.
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 STM 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 STM on profitability, with a higher operating margin.
STM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.8B | +18% |
| Q2 2026 | $3.5B | +24% |
| Q1 2026 | $3.1B | +23% |
| Q4 2025 | $3.3B | +0.1% |
| Q3 2025 | $3.2B | -2.4% |
| Q2 2025 | $2.8B | -13% |
| Q1 2025 | $2.5B | -27% |
| Q4 2024 | $3.3B | -22% |
STM's revenue is recovering but still below its 2023 peak: $3.8B last quarter, up 18% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +5.8 points |
| Q2 2026 | 6.3% | +7.2 points |
| Q1 2026 | 3.1% | +4.6 points |
| Q4 2025 | 6.2% | -4.9 points |
| Q3 2025 | 5.1% | -6.6 points |
| Q2 2025 | -0.9% | -13 points |
| Q1 2025 | -1.5% | -17 points |
| Q4 2024 | 11% | -13 points |
STM's operating margin was 11% last quarter, up 5.8 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 STM on cash flow, with more consistent year-over-year improvement.
STM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$121.5M | +$139.5M |
| Q1 2026 | $155.5M | +$182.5M |
| Q4 2025 | -$62.5K | -100% |
| Q3 2025 | $182.4M | +9019% |
| Q2 2025 | -$261M | -2275% |
| Q1 2025 | -$27M | +$108M |
| Q4 2024 | $65M | -83% |
| Q3 2024 | $2M | -100% |
STM's free cash flow has turned positive again: $216M over the past year, against −$221M 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 STM 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.
STM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +3.7M shares |
| 1 year | +1.4% | +12.8M shares |
| 3 years | -1.3% | -12.1M shares |
| 5 years | +1% | +8.9M shares |
| Available history | +2.4% | +21.7M shares |
STM has 932M diluted shares, up 1.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $184M |
| Q3 2025 | — |
| Q2 2025 | $92M |
| Q1 2025 | $92M |
| Q4 2024 | $92M |
| Q3 2024 | $92M |
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.
STM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.2x | Very low |
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | -0.3x | Net Cash |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.4x | Very low |
| Q4 2024 | 0.2x | Very low |
STM's net debt is less than a year of its operating earnings (EBITDA).
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).
STM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.7 | Neutral |
| Stochastic | 22.3 | Neutral |
STM's weekly RSI is 46 (neutral) and its Stochastic is 22 (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.
STM PE vs Technology Sector
| Metric | STM | Sector median | Relative |
|---|---|---|---|
| PE | 83x | 28x | 198% above |
| PE % | 90 | 35 | 55 pts above |
STM 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 STM on trend strength, trading above more of its moving averages.
STM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $48.2 | 3.6% below |
| 20 week MA | $52.8 | 12% below |
| 50 week MA | $46.8 | 0.6% below |
| 100 week MA | $36.2 | 28% above |
| 200 week MA | $39.0 | 19% above |
STM has slipped below its 8-, 20- and 50-week averages, though it's still 19% 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 STM on returns for 2026, with the stronger performance.
STM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $27.1 | $36.9 | +36% |
| 2021 | $36.9 | $48.6 | +32% |
| 2022 | $48.6 | $35.9 | -26% |
| 2023 | $35.9 | $50.1 | +40% |
| 2024 | $50.1 | $25.5 | -49% |
| 2025 | $25.5 | $26.2 | +3% |
| 2026 YTD | $26.2 | $46.5 | +77% |
STM has finished higher in four of the last six years. It's up 77% so far in 2026.