Added to YB: 2026-09-16
Pitch date: 2026-09-14
AMAT [bullish]
Applied Materials, Inc.
Author Info
Crack the Market is a portfolio manager helping you own equities you understand through institutional level research. Sign up for the newsletter.
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
$362.3B
Pitch Price
N/A
Price Target
590.00 (+29%)
Dividend
0.46%
EV/EBITDA
35.49
P/E
39.38
EV/Sales
11.69
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Applied Materials: The Broadest Toolbox in the AI Fab
AMAT: Applied Materials offers the broadest exposure to AI fab spending, leading in DRAM process equipment and HBM packaging while supplying key steps for gate-all-around and backside power. At roughly $450, it trades at 22x calendar 2027 EPS, with a probability-weighted December 2027 value of about $590 before a roughly 0.5% dividend yield. A $7.3bn services run rate supports the cycle, while China restrictions and a potential 2028 equipment digestion remain the key risks.
Read full article (42 min)