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.
Market Outlook | Analysts project AMAT's earnings potential at $11-$13 per share, with an average price target of $199, reflecting optimism amid ongoing industry challenges |
Innovation Frontie | Explore AMAT's strategic positioning in next-gen technologies like GAA, HBM, and Advanced Packaging, driving future growth in the semiconductor industry |
Financial Resilience | Despite recent guidance misses, AMAT showcases strong profitability with a 48.5% gross margin and impressive 5-year revenue CAGR of 13% |
Tech Titan's Crossroads | Applied Materials navigates a complex landscape of technological advancements and geopolitical challenges while maintaining its semiconductor market leadership |

Metrics to compare | AMAT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipAMATPeersSector | |
|---|---|---|---|---|
P/E Ratio | 39.9x | 58.4x | 12.7x | |
PEG Ratio | 1.46 | −1.36 | 0.01 | |
Price / Book | 14.4x | 6.1x | 2.4x | |
Price / LTM Sales | 11.1x | 5.9x | 2.3x | |
Upside (Analyst Target) | 8.1% | 9.0% | 26.9% | |
Fair Value Upside | Unlock | −11.5% | 3.4% | Unlock |