Applied Materials (AMAT)
NASDAQInformation TechnologySemiconductorsSnapshot 2026-09-14
$424.21-7.07%
Close 2026-09-14 · 1-day change
NASDAQInformation TechnologySemiconductorsSnapshot 2026-09-14
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Put AMAT beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Semiconductor Materials & Equipment is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue is growing steadily — about 8% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityManagement screens strong on capital allocation, earnings delivery, margins, the balance sheet.
View ManagementExpectations look high — the market is pricing in about 59% growth a year, above the roughly 45% analysts expect, leaving little room for error.
View ValuationThis stock is volatile — it swings about 3% on a typical day and fell roughly 41% in its worst 12-month stretch.
View RiskApplied Materials' growth in semiconductor equipment driven by AI demand supports a strong investment case. Revenue grew 25% year over year, and the latest quarter beat expectations. It trades at 42× P/E versus a peer median of 48×, indicating the market prices in more growth than forecasted. Risks include the potential for a guidance cut, with an 11% miss probability for the next quarter. Peer multiples imply a price about 59% below where it trades, suggesting it looks expensive. Our read remains intact.
Trailing returns as of 2026-09-14. AMAT is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 39 analysts currently covering AMAT (as of Sep 2026).
Based on 21 Wall Street analysts offering 12-month price targets for AMAT in the last 4 months.
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Compare AMAT with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| AMAT Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across our valuation methods, at three horizons. As of 2026-09-14. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No fair value published
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
This applies to all three horizons. The trailing multiples, peer comparison, and quality and trajectory reads on this page are unaffected. Names move in and out of this state day to day as the methods converge or diverge. Method agreement on this name is low.
Top 10% on quality vs scored peers
A price-focused, side-by-side fair-value read versus Semiconductor Materials & Equipment — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put AMAT next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Increase manufacturing capacity and expand global footprint
Investment expands manufacturing capacity and global footprint.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-14. EPS is implied from price ÷ P/E. Not investment advice.
Current $424.21
The last 12 months of price, then the range of analyst 12-month targets from today’s $424.21.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Grow semiconductor equipment business by over 30% in 2026
Strong revenue growth supports semiconductor equipment business objective.
Advances: Grow semiconductor equipment business by over 30% in 2026
AI boom supports semiconductor equipment growth objective.
Advances: Grow semiconductor equipment business by over 30% in 2026
AI demand positively impacts semiconductor equipment growth outlook.
Advances: Grow semiconductor equipment business by over 30% in 2026
AI demand boosts semiconductor equipment growth prospects.
Advances: Expand EPIC Center partnerships to accelerate semiconductor innovation
AI-driven backlog supports EPIC Center partnerships and innovation.
Advances: Grow semiconductor equipment business by over 30% in 2026
AI growth aligns with semiconductor equipment business expansion.
Advances: Grow semiconductor equipment business by over 30% in 2026
AI chip demand supports semiconductor equipment growth.
