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Applied Materials Inc(AMAT)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AMAT
11/13/2026: AMAT (5-star) is currently NOT-A-BUY. Pass it for now.
Applied Materials is a significant provider of manufacturing equipment and services for the semiconductor industry. Its primary strength lies in a broad, technically advanced product portfolio that makes it essential for complex chip production. The company is well-positioned to benefit from long-term secular growth in AI and high-performance computing. However, investors face risks from industry cyclicality, geopolitical trade restrictions, and intense competition. The stock may suit growth-oriented investors looking for exposure to semiconductor infrastructure, while its dividend offers a degree of income. Key developments to monitor include customer capital expenditure plans and the success of new materials integration technologies.
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 | Applied Materials is a core participant in the long-term growth of the global semiconductor market driven by AI and data infrastructure. |
| Momentum investor | Mixed fit | Momentum can be volatile due to the cyclical nature of semiconductor capital spending; requires a positive market upturn signal. |
| Value investor | Strong fit while signal remains positive | The company often trades at reasonable multiples compared to its technological moat and long-term earnings potential. |
| Dividend investor | Strong fit | Applied Materials offers a reliable and growing dividend supported by strong free cash flow generation. |
| Low-risk investor | Mixed fit | The cyclical and capital-intensive nature of the industry introduces higher volatility than defensive sectors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock often fluctuates significantly in response to semiconductor demand cycles and macroeconomic data. |
| Valuation risk | Medium | Investors must monitor if the market is overpaying for cyclical earnings peaks. |
| Competition risk (AI/Advanced packaging) | Medium | Maintaining leadership in complex process steps against peers like Lam Research is vital for margins. |
| Business quality | Strong | The company possesses deep technical moats and a critical role in the semiconductor supply chain. |
| Dividend income | Low | Dividends are well-covered but the yield is generally lower than traditional income stocks. |
| Execution risk | Medium | Developing next-generation equipment requires immense R&D spending with no guarantee of immediate success. |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 294.03B USD | Price to earnings Ratio 29.36 | 1Y Target Price 588.61 |
Price to earnings Ratio 29.36 | 1Y Target Price 588.61 | ||
Volume (30-day avg) 7.9M shares | Beta 1.67 | 52 Weeks Range 214.73 - 738.88 | Updated Date 11/13/2026 |
52 Weeks Range 214.73 - 738.88 | Updated Date 11/13/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 12.62 |
Sector & Industry Intelligence
Sector
Technology
Caution- Sentiment
- Near Bearish
- Momentum
- Rapid Breadth Deterioration
- BUY participation
- 30.1%
- Active BUY / eligible
- 37 / 123
- 30-Day BUY Count Change
- -42
- Market state
- Weak Bullish / Near Bearish
BUY participation is falling rapidly, suggesting elevated market vulnerability.
Industry
Semiconductor Equipment & Materials
- BUY participation
- 0.0%
- Active BUY / eligible
- 0 / 8
- 30-Day BUY Count Change
- -6
Sector signal summarizes BUY breadth conditions for the sector. It does not override this stock’s BUY, SELL, or PASS advisory.
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 109.26% | Avg. Invested days 52 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 11/13/2026 |
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
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Semiconductor Systems | Equipment for etching, deposition, and implantation. | This is the core business that builds the machines used to manufacture high-end computer chips. |
| Applied Global Services | Maintenance, software, and spare parts. | This generates stable, recurring revenue from the massive installed base of machines already in factories. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-11-12 | When After Market | Estimate 4.06 | Actual 4.16 |
Profitability
Profit Margin 29.29% | Operating Margin (TTM) 32.94% |
Management Effectiveness
Return on Assets (TTM) 17.36% | Return on Equity (TTM) 43.37% |
Valuation
Trailing PE 29.36 | Forward PE 21.37 | Enterprise Value 299.51B | Price to Sales(TTM) 8.54 |
Enterprise Value 299.51B | Price to Sales(TTM) 8.54 | ||
Enterprise Value to Revenue 8.7 | Enterprise Value to EBITDA 24.19 | Shares Outstanding 793.60M | Shares Floating 789.88M |
Shares Outstanding 793.60M | Shares Floating 789.88M | ||
Percent Insiders 0.34 | Percent Institutions 83.89 |
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.
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