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Applied Materials Inc(AMAT)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
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- 1M
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Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AMAT
09/15/2026: AMAT (5-star) is currently NOT-A-BUY. Pass it for now.
Applied Materials is a major provider of equipment and software used in the fabrication of semiconductors, displays, and related technologies. Its strength lies in a comprehensive portfolio that serves as the foundation for modern chip manufacturing, supported by a resilient global service business. Investors are attracted by the company’s role in enabling long-term trends like artificial intelligence and advanced computing. However, the business is sensitive to semiconductor industry cycles, geopolitical trade restrictions, and intense competition from peers like Lam Research. Applied Materials is well-suited for growth-oriented investors, though they should be prepared for volatility and carefully monitor regulatory developments that could impact global manufacturing supply chains.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company is a primary beneficiary of long-term secular growth in AI and advanced semiconductor manufacturing. |
| Momentum investor | Strong fit while signal remains positive | The stock often tracks semiconductor industry cycles and has historically shown strong momentum during upturns. |
| Value investor | Mixed fit | Valuations can be demanding during peak cycle periods, requiring careful entry timing. |
| Dividend investor | Strong fit | Applied offers a reliable and growing dividend supported by consistent cash flow generation. |
| Low-risk investor | Mixed fit | The stock is subject to significant cyclical volatility inherent in the semiconductor industry. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock is highly sensitive to industry cyclicality and macro-economic conditions. |
| Valuation risk | Medium | Investors must monitor P/E ratios during market cycles to avoid overpaying at the peak. |
| Competition risk (Semiconductor equipment peers) | Medium | Peer innovation and aggressive pricing can pressure market share and margins. |
| Business quality | Strong | The company possesses a deep moat through its extensive IP and entrenched customer relationships. |
| Dividend income | Low | While consistent, the yield is typically modest compared to pure income investments. |
| Execution risk | Medium | Maintaining technological leadership requires constant, high-stakes R&D execution. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 163.89% | Avg. Invested days 58 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/15/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 336.65B USD | Price to earnings Ratio 36.6 | 1Y Target Price 640.89 |
Price to earnings Ratio 36.6 | 1Y Target Price 640.89 | ||
Volume (30-day avg) 6.8M shares | Beta 1.6 | 52 Weeks Range 173.01 - 738.88 | Updated Date 09/14/2026 |
52 Weeks Range 173.01 - 738.88 | Updated Date 09/14/2026 | ||
Dividends yield (FY) 0.43% | Basic EPS (TTM) 11.59 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Semiconductor Systems | Sale of advanced wafer processing equipment and systems. | This is the primary revenue driver, tied to the capacity expansion of global chipmakers. |
| Applied Global Services | Maintenance, service contracts, spare parts, and software for optimization. | Provides recurring, stable cash flow that helps offset cyclical volatility in equipment sales. |
| Display and Adjacent Markets | Equipment for manufacturing screens for TVs, phones, and computers. | Offers diversification, though it is smaller and more cyclical than the semiconductor segment. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 36.6 | Forward PE 25.58 | Enterprise Value 360.38B | Price to Sales(TTM) 10.92 |
Enterprise Value 360.38B | Price to Sales(TTM) 10.92 | ||
Enterprise Value to Revenue 11.69 | Enterprise Value to EBITDA 31.25 | Shares Outstanding 793.60M | Shares Floating 790.49M |
Shares Outstanding 793.60M | Shares Floating 790.49M | ||
Percent Insiders 0.33 | Percent Institutions 86.24 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
News (Last Updated: 09/14/2026)
About Applied Materials Inc
Exchange NASDAQ | Headquarters Santa Clara, CA, United States | ||
IPO Launch date 1972-10-05 | President, CEO & Executive Director Mr. Gary E. Dickerson | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees 38900 | Website https://www.appliedmaterials.com |
Full time employees 38900 | Website https://www.appliedmaterials.com | ||
Applied Materials, Inc. provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries in the United States, China, Korea, Taiwan, Japan, Southeast Asia, Europe, and internationally. The company operates through Semiconductor Systems and Applied Global Services (AGS) segments. The Semiconductor Systems segment includes semiconductor capital equipment to enable materials engineering steps, including etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The AGS segment offers integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, and 200 millimeter and other equipment and factory automation software for semiconductor and other products. It serves manufacturers of semiconductor wafers and chips, and other electronic devices. Applied Materials, Inc. was incorporated in 1967 and is headquartered in Santa Clara, California.
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