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Applied Materials (AMAT) Stock Price & Analysis

AMAT Stock Chart & Stats

$390.09-$31.57(-7.49%)
At close: 4:00 PM EDT
$400$450$500$5503 Aug17 Aug31 Aug14 Sep28 Sep12 Oct26 Oct
Day’s Range
$382.62 - $405.20
52-Week Range
$203.40 - $739.67
Previous Close
$421.66
Volume
6.26M
Average Volume (3M)
6.83M
Market Cap
$309.57B
Enterprise Value
$427.11B
Total Cash (Recent Filing)
$9.23B
Total Debt (Recent Filing)
$7.35B
Price to Earnings (P/E)
33.4
Beta
1.63
Next Earnings
Nov 12, 2026 (Est.)
EPS Estimate
4.06
Next Dividend Ex-Date
Nov 19, 2026
Dividend Yield
0.51%

Bulls Say, Bears Say

Bulls Say

Exceptional Profitability

AMAT’s unusually strong margins indicate substantial process technology value, operating discipline, and pricing power within semiconductor equipment. Sustaining this profitability can support continued research, capacity expansion, customer support, and shareholder returns through different phases of the industry cycle.

Recurring Services Base

The installed-base business provides revenue beyond initial equipment sales because semiconductor tools operate for years and require maintenance, parts, upgrades, and software. This recurring stream should help diversify capital-equipment cycles and deepen customer relationships over the next several quarters.

AI And Advanced Packaging Demand

AI-related demand across DRAM, HBM, leading-edge logic, and advanced packaging aligns AMAT with durable semiconductor architecture changes. Strong exposure to these transitions can expand its opportunity set as customers invest in higher-performance, more integrated chips.

Bears Say

Moderating Revenue Growth

Slower growth suggests AMAT remains exposed to semiconductor capital-spending cycles and may be entering a more mature phase after earlier expansion. Moderation can limit operating leverage and make future earnings increasingly dependent on technology transitions and customer investment timing.

China Revenue Concentration

A substantial China contribution creates regional concentration in AMAT’s revenue base and increases sensitivity to changes affecting customer investment in that market. If China demand weakens, the impact could extend across both new equipment sales and recurring services revenue.

Weaker Cash Conversion

Although absolute cash generation remains robust, weaker conversion means more reported earnings are not currently translating into freely deployable cash. Continued working-capital drag or reinvestment needs could reduce flexibility for capacity expansion, acquisitions, and shareholder returns.

Applied Materials News

AMAT FAQ

What was Applied Materials’s price range in the past 12 months?
Applied Materials lowest stock price was $203.40 and its highest was $739.67 in the past 12 months.
What is Applied Materials’s market cap?
Applied Materials’s market cap is $309.57B.
When is Applied Materials’s upcoming earnings report date?
Applied Materials’s next earnings report is estimated for Nov 12, 2026 (not yet confirmed), which is in 11 days.
How were Applied Materials’s earnings last quarter?
Applied Materials released its earnings results on Aug 13, 2026. The company reported $3.5 earnings per share for the quarter, beating the consensus estimate of $3.403 by $0.097.
Is Applied Materials overvalued?
According to Wall Street analysts Applied Materials’s price is currently Undervalued.
Does Applied Materials pay dividends?
Applied Materials pays a Quarterly dividend of $0.53 which represents an annual dividend yield of 0.51%. See more information on Applied Materials dividends here
What is Applied Materials’s EPS estimate?
Applied Materials’s EPS estimate is 4.06.
How many shares outstanding does Applied Materials have?
Applied Materials has 793,597,500 shares outstanding.
What happened to Applied Materials’s price movement after its last earnings report?
Applied Materials reported an EPS of $3.5 in its last earnings report, beating expectations of $3.403. Following the earnings report the stock price went down -5.118%.
Which hedge fund is a major shareholder of Applied Materials?
Hedge funds hold Applied Materials shares: the largest hedge-fund position in Applied Materials is 71,883,985 shares, and hedge funds decreased their holdings by 2.4M shares last quarter.
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology