Applied Materials (AMAT)
NASDAQInformation TechnologySemiconductorsSnapshot 2026-10-29
$421.66+1.36%
Close 2026-10-29 · 1-day change
NASDAQInformation TechnologySemiconductorsSnapshot 2026-10-29
Research Workspace
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 66% growth a year, above the roughly 49% analysts expect, leaving little room for error.
View ValuationThis stock is highly volatile — it swings about 3% on a typical day and fell roughly 48% in its worst 12-month stretch.
View RiskAMAT's AI chipmaking partnerships must support growth as revenue rebounds. Revenue rose 25% year over year in Q3 FY2026, after 11% in Q2. Both quarters beat, though the latest release is omitted from the desk. AMAT trades at 38× P/E versus the 42× peer median. That lower multiple suggests peers expect more growth than the price reflects. The 14% next-quarter miss probability and weak cash backing threaten the case. The 27% drop from its recent high flags possible thesis repricing. Peer multiples imply a price about 0% below where it trades; our read remains intact.
Trailing returns as of 2026-10-29. AMAT is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 41 analysts currently covering AMAT (as of Oct 2026).
Based on 13 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 2026-10-29. 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.
Reported plan to double Besi stake deepens strategic partnership and supports semiconductor innovation.
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 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
Current $421.66
The last 12 months of price, then the range of analyst 12-month targets from today’s $421.66.
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: Expand EPIC Center partnerships to accelerate semiconductor innovation
Investment in EPIC center aligns with innovation partnerships.
Advances: Expand EPIC Center partnerships to accelerate semiconductor innovation
New research facility enhances AI chipmaking capabilities.
Advances: Expand EPIC Center partnerships to accelerate semiconductor innovation
Deepening AI partnership supports semiconductor innovation objectives.
Advances: Expand EPIC Center partnerships to accelerate semiconductor innovation
Collaboration with Intel boosts innovation at EPIC Center.
Advances: Expand EPIC Center partnerships to accelerate semiconductor innovation
New partnership enhances semiconductor innovation efforts.
Advances: Increase manufacturing capacity and expand global footprint
Investment in India expands manufacturing capacity.
Advances: Grow semiconductor equipment business by over 30% in 2026
Stock jump indicates positive market sentiment on growth.