Applied Materials, Inc.
AMAT
NASDAQ·Technology·Semiconductors·Mkt cap $361.0B
$454.71
▲ +4.31%
P/E
44.02
Mkt Cap
$361.0B
52-Wk Range
$161.75–$739.67
52-Week Range
$161.75 - $739.67
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 180.6% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
5 reasons
- Technological leadership in critical wafer fabrication equipment with high R&D investment and patent portfolio
- Strong customer lock-in through integrated equipment ecosystems and switching costs
- Recurring revenue from AGS segment providing stable cash flows and customer relationships
- High barriers to entry requiring significant capital, expertise, and manufacturing capabilities
- Essential position in semiconductor supply chain with exposure to secular industry growth trends
Bear Case
2 risks
- Above-average volatility (beta 1.6).
- Premium valuation to Semiconductor Equipment peers
Growth
Moderate growth ahead
Artificial intelligence and data center expansion driving demand for advanced semiconductor manufacturing capacity
Value
Premium valuation to Semiconductor Equipment peers
Momentum
Weak
-7.6% over 3m
Quality
Strong
Strong fundamentals
Dividend
Token
0.44% yield
Smart-money signal
Who's buying AMAT right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Nov 12, 2026
AUG 13, 2026
Reported EPS of $3.50 vs $3.40 consensus (+2.9% surprise). Revenue of $9.1B vs $9.0B expected (+1.3%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Estimate
Actual
Q3 26
+2.9%
Revenue trend · last 8Q
—
—
+7%
+7%
+8%
-3%
-2%
+25%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q3 26
$6.8B
$7.0B
$7.2B
$7.1B
$7.3B
$6.8B
$7.0B
$9.1B
Margins · last 8Q
Gross
50.3%
Operating
33.7%
Profit
27.8%
Wall Street consensus
25 analysts · 96% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
96%
Hold
4%
Sell
0%
Median Price Target
$850.00
▲ +86.9% vs $454.71
Latest: Bernstein · Aug 14, 2026
3 analysts covering
vs Industry
How AMAT stacks vs Semiconductors
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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