Side by sideAMD (AMD) and Intel (INTC)Memos of October 10, 2026
AMD vs Intel stock: the numbers side by side (October 2026)
How do AMD and Intel compare?
| AMD AMD | Intel INTC | |
|---|---|---|
| Revenue growth | 34.3%Year to Dec 2025 | -0.5%Year to Dec 2025 |
| Operating margin | 10.7%Year to Dec 2025 | -4.2%Year to Dec 2025 |
| Free cash flow | 5,519US$ millions · Year to Dec 2025 | -4,949US$ millions · Year to Dec 2025 |
| Free cash flow yield | 0.5%Today (Oct 9, 2026) | -0.3%Today (Oct 9, 2026) |
| Net debt (− = net cash) | -7,330US$ millions · Year to Dec 2025 | 9,251US$ millions · Year to Dec 2025 |
| Dividend yield | 0.0%Today (Oct 9, 2026) | 0.0%Today (Oct 9, 2026) |
| P/E, last 12 months | 158.3xToday (Oct 9, 2026) | not meaningfulToday (Oct 9, 2026) |
| P/E, next 12 months | 38.7xToday (Oct 9, 2026) | 50.0xToday (Oct 9, 2026) |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | AMD | The higher figure |
| Operating margin | AMD | The higher figure |
| Free cash flow | AMD | The higher figure |
| Free cash flow yield | AMD | The higher figure |
| Net debt (− = net cash) | AMD | The lower figure |
| Dividend yield | — | The higher figure |
| P/E, last 12 months | — | The lower figure |
| P/E, next 12 months | AMD | The lower figure |
What does each company do?
AMD designs processors, graphics chips, AI accelerators—chips built for artificial-intelligence calculations—adaptive chips and networking products.
AMD (AMD), from our memo of October 10, 2026 · AMD stock forecast
Intel sells Core processors—the chips that carry out instructions in a computer—to PC makers, and Xeon processors to server makers and cloud operators.
Intel (INTC), from our memo of October 10, 2026 · Intel stock forecast