AMAT

Company Overview — What Does APPLIED MATERIALS INC /DE Do?

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. The company operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. Applied Materials, Inc. was incorporated in 1967 and is headquartered in Santa Clara, California. APPLIED MATERIALS INC /DE (AMAT) is classified as a mega-cap stock in the Technology sector, specifically within the Electronic Equipment industry. The company is led by CEO Gary E. Dickerson and employs approximately 33,000 people, headquartered in Wilmington, California. With a market capitalization of $280.8B, AMAT is one of the largest companies in the Technology sector.

APPLIED MATERIALS INC /DE (AMAT) Stock Rating — Hold (April 2026)

As of April 2026, APPLIED MATERIALS INC /DE receives a Hold rating with a composite score of 50.3/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.AMAT ranks #659 out of 4,446 stocks in our coverage universe. Within the Technology sector, APPLIED MATERIALS INC /DE ranks among stocks, placing it in the top 10% of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

AMAT Stock Price and 52-Week Range

APPLIED MATERIALS INC /DE (AMAT) currently trades at $401.51. The stock gained $3.70 (0.9%) in the most recent trading session. Recent trading volume was 6.4M shares, reflecting moderate market activity.

Is AMAT Overvalued or Undervalued? — Valuation Analysis

APPLIED MATERIALS INC /DE (AMAT) carries a value factor score of 41/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 136.65x, compared to the Technology sector average of 45.27x — a premium of 202%. The price-to-book ratio stands at 12.93x, versus the sector average of 3.16x. The price-to-sales ratio is 10.01x, compared to 1.06x for the average Technology stock. On an enterprise value basis, AMAT trades at 35.85x EV/EBITDA, versus 12.79x for the sector.

Overall, AMAT's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

APPLIED MATERIALS INC /DE Profitability — ROE, Margins, and Quality Score

APPLIED MATERIALS INC /DE (AMAT) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 32.8%, compared to the Technology sector average of -1.4%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 18.9% versus the sector average of -1.0%.

On a margin basis, APPLIED MATERIALS INC /DE reports gross margins of 48.9%, compared to 50.9% for the sector. The operating margin is 29.4% (sector: -0.5%). Net profit margin stands at 25.0%, versus -1.5% for the average Technology stock. Revenue growth is running at 3.5% on a trailing basis, compared to 14.2% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.

AMAT Debt, Balance Sheet, and Financial Health

APPLIED MATERIALS INC /DE has a debt-to-equity ratio of 73.0%, compared to the Technology sector average of 43.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time.

AMAT has a beta of 1.72, meaning it is more volatile than the broader market — a $10,000 investment in AMAT would be expected to move 72.2% more than the S&P 500 on any given day. The stability factor score for APPLIED MATERIALS INC /DE is 48/100, reflecting average volatility within the normal range for its sector.

AMAT Dividend Yield and Income Analysis

APPLIED MATERIALS INC /DE (AMAT) currently pays a dividend yield of 0.9%. At this yield, a $10,000 investment in AMAT stock would generate approximately $$90.00 in annual dividend income. With a net margin of 25.0%, the dividend appears well-covered by earnings, suggesting sustainable payouts going forward.

AMAT Momentum and Technical Analysis Profile

APPLIED MATERIALS INC /DE (AMAT) has a momentum factor score of 73/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 32/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 30/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

AMAT vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, APPLIED MATERIALS INC /DE (AMAT) ranks #— out of 584 stocks based on the Blank Capital composite score. This places AMAT in the top decile of all Technology stocks in our coverage universe.

Comparing AMAT against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full AMAT vs S&P 500 (SPY) comparison to assess how APPLIED MATERIALS INC /DE stacks up against the broader market across all factor dimensions.

AMAT Next Earnings Date

No upcoming earnings date has been announced for APPLIED MATERIALS INC /DE (AMAT) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy AMAT? — Investment Thesis Summary

APPLIED MATERIALS INC /DE presents a balanced picture with arguments on both sides. Price momentum is positive at 73/100, suggesting the trend favors buyers.

In summary, APPLIED MATERIALS INC /DE (AMAT) earns a Hold rating with a composite score of 50.3/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on AMAT stock.

Related Resources for AMAT Investors

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