Added to YB: 2026-02-19
Pitch date: 2026-02-15
AMAT [neutral]
Applied Materials, Inc.
+5.21%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$285.0B
Pitch Price
$350.56
Price Target
N/A
Dividend
0.51%
EV/EBITDA
31.85
P/E
36.79
EV/Sales
10.03
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Applied Materials 1QFY26 Earnings: The Complexity Dividend
AMAT (earnings): Q2 guidance crushed Street by $620M rev (+15% EPS). CEO retired 'one-third' framework, signals structural shift. HBM demands 3-4x more wafer starts per bit vs standard DRAM. Semi Systems gross margin hit 54.5%, showing pricing power on first-of-kind tools (GAA, molybdenum, e-beam). Mgmt sees >20% semi equip growth in CY26. DRAM hit record 34% of revenue. Cleanroom capacity constrains '26 upside but backs '27 floor. Hold at $362, better entry $300-310.
Read full article (7 min)