What are the key risks for AMAT stock?

Key risks include semiconductor cycle volatility, competition, and China export regulations. The stock's 0.45% dividend yield and $360.86B market cap provide some buffer, with next earnings tied to October fiscal year end.

What is the growth outlook for AMAT?

Growth outlook is positive with 24.8% quarterly revenue growth, EPS of $11.60, and analyst target of $640.89. Expansion in AI chips and new products support continued momentum through 2026.

AMATNASDAQ— Applied Materials Inc Price & Analysis

Q: What are AMAT's competitive advantages?

AMAT leads in semiconductor equipment with proprietary technologies in deposition and etch, a 39.2 trailing P/E reflecting market position, and 86.4% institutional ownership supporting long-term growth.

Applied Materials Inc

TECHNOLOGY — SEMICONDUCTOR EQUIPMENT & MATERIALS

$454.71

+$18.80+4.31%

Market Cap: $345.94B; Mega Cap
P/E Ratio: 37.64; Fwd: 24.75
EPS (TTM): $11.58
Div. Yield: 0.45%

Technical Summary

RSI (14)39.75Neutral

SMA (50)$533.27Bearish

SMA (200)$406.28Bullish

MACD-23.2807Bearish

Bollinger$423.48 – $555.00Mid

Stochastic14.99Oversold

Theo Outlook

Applied Materials (AMAT) presents a bullish thesis with a $360.86B market cap, trailing P/E of 39.2, EPS of $11.60, and 24.8% YoY revenue growth to $30.84B TTM, supported by strong semiconductor demand and 30.0% profit margins. The stock trades at a premium valuation reflecting its leadership in wafer fabrication equipment amid AI-driven chip expansion. Key catalysts include robust quarterly revenue growth of 24.8% and earnings momentum, with the company benefiting from semiconductor equipment demand for advanced nodes, new product launches in deposition and etch technologies, and expansion into AI and high-performance computing markets. Risks encompass cyclical semiconductor downturns, intense competition from Lam Research and KLA, and potential regulatory hurdles on export controls to China; mitigations involve diversified revenue across logic, memory, and display segments plus a strong balance sheet with $10.16B EBITDA. Analysis generated by HeyTheo AI based on SEC filings, earnings transcripts, and market data.

Analysis generated by HeyTheo AI on Sep 6, 2026.

Company Overview

Applied Materials, Inc. is an American corporation that supplies equipment, services and software for the manufacture of semiconductor (integrated circuit) chips for electronics, flat panel displays for computers, smartphones and televisions, and solar products. The company also supplies equipment to produce coatings for flexible electronics, packaging and other applications. The company is headquartered in Santa Clara, California, in Silicon Valley.

Fundamental Snapshot

Revenue: $30.84B
EBITDA: $10.15B
Gross Profit: $15.23B
Operating Margin: 33.7%
Profit Margin: 30.0%
ROE: 41.1%
Book Value: $32.29
Beta: 1.62
52-Wk High: $738.88
52-Wk Low: $160.86
Avg Volume: 5.96M
PEG Ratio: 0.88

Frequently Asked Questions

What is Applied Materials' business model?

Applied Materials supplies equipment, services, and software for manufacturing semiconductor chips, flat panel displays, and solar products. It generates revenue primarily through sales of wafer fabrication equipment with a TTM revenue of $30.84B and 30.0% profit margin.

What are AMAT's main revenue sources?

Revenue comes from semiconductor systems (logic, memory, foundry), display, and solar segments. TTM revenue reached $30.84B with 24.8% YoY growth, driven by advanced node equipment demand.

What are AMAT's competitive advantages?