Added to YB: 2026-03-02
Pitch date: 2026-02-26
AMAT [neutral]
Applied Materials, Inc.
+1.74%
current return
Author Info
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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
$313.4B
Pitch Price
$365.94
Price Target
420.00 (+13%)
Dividend
0.47%
EV/EBITDA
35.11
P/E
40.46
EV/Sales
11.06
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Applied Materials (AMAT) Q1 2026 Financial Results
AMAT (earnings): Q1 rev $7.01B (-2% YoY) on China softness, but Q2 guide $7.65B (+9% QoQ) signals rebound. Non-GAAP EPS $2.38, Q2 guide $2.64. WFE spending to grow >20% in 2026 driven by GAA logic, HBM (3-4x wafer starts vs standard DRAM), advanced packaging. DRAM rev hit record. Gross margin expanding to 49.3% on mix shift. AGS $1.56B (+15% YoY) recurring rev. Risk: 41% China exposure, geopolitics. At $390, 33x forward P/E vs $310-340 intrinsic value - overvalued, consider trimming.
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