ATLAS
AMAT

Applied Materials

Cyclical AI Beneficiary
Semiconductor manufacturing equipment·US·Santa Clara, CA·#5 / 8 in segment·17.5% of segment mcap
$426.85
135.9% vs S&P 12m

Broadest semiconductor equipment portfolio in the industry, with leadership in deposition, etch, ion implantation, and CMP.

Process-step content per wafer rises at every advanced node; AMAT is the diversified play on that intensification.

Products
  • CVD/PVD/ALD deposition
  • Etch
  • Ion implant
  • CMP
  • Inspection
Competitors (3)
  • LRCX
  • TEL
  • KLAC

Composite score

Higher = stronger overall research case

64
Fundamental66
Technical84
Valuation20
AI relevance82
Risk-adjusted (higher = safer)57
Segment-relative fundamental percentile: 29

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: 7.1%6M RS: 75.3%12M RS: 135.9%Vol30d: 47%DD52w: -3.8%

Financial summary

Curated, illustrative

Revenue
$29.02B
Growth (YoY)
11.4%
Gross margin
49.0%
Operating margin
31.9%
FCF
$3.15B
Capex
$4.84B
Net cash / (debt)
$1.79B
ROIC
14.9%
Customer conc.
Medium

Valuation

Market cap
$338.75B
Enterprise value
$336.97B
P/E (TTM)
40.2x
Forward P/E
26.5x
EV / Sales
11.6x
EV / EBITDA
36.3x
P / FCF
107.4x
PEG
1.4x
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 3
    WFE cycle exposure
  • 3
    China demand normalization

Score components

What drove the composite

Growth53
Profitability86
Cash generation49
Balance sheet80
Moat / AI relevance88
Capital intensity (higher = lighter)43
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)77
Relative strength100
Realized vol (higher = lower vol)45