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AMAT

Applied MaterialsB
Nasdaq / Semiconductors & Semiconductor Equipment
Last Price
Quote time unavailable
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Current thesis
The Q3 print showed strong operating leverage and cash generation, while management pointed to sustained AI-driven demand across DRAM, leading-edge logic, and advanced packaging. JPMorgan raised its target to $660 and Bernstein to $700, while the company cited stronger customer visibility and another strong growth year in 2027.
Posture
Constructive
Lead driver
Sentiment
What changed
9 setup hits (3d) with net bullish as of 2026-09-09.
What can break
AI, DRAM, leading-edge logic, and advanced-packaging demand could normalize or be delayed by customer capital-spending changes.
Momentum
45
Value
53
Sentiment
77
Setup hits (3d)
9 · Net Bullish
AI TargetsBase $663.00 · Bull $700.00 · Bear $500.00Analysis 2026-08-18; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-08 • Model: HYBRID_IC_RP
AI Memo
As of 2026-08-18 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-09-08

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-08. Definitions

Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Bullish
Target $667.61
Why
Momentum45 · Δ7d -3.7
Value53 · Δ7d 0.0
Sentiment77 · Δ7d 0.0
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • 9 setup hits (3d) with net bullish as of 2026-09-09.
  • • Sentiment remains the lead driver in the composite, 7D delta 0.0.

Contradictions & invalidation

  • • AI, DRAM, leading-edge logic, and advanced-packaging demand could normalize or be delayed by customer capital-spending changes.
  • • Execution risk exists as Applied Materials expands manufacturing capacity, inventory, and logistics to meet strong demand.
  • • The immediate market reaction was negative because investors expected more margin leverage, stronger sequential guidance, and greater confidence relative to peers.

Catalyst clock

2026-08-13

2026-08-13 Q3 earnings release: record quarter and raised 2026 outlook

Lead driver: Sentiment · See AI snapshot
Momentum
45
9% active weight
Current posture
7d trendSoftening
Δ7d
-3.7
Δ21d
+13.4
Value
53
28% active weight
Current posture
7d trendFlat
Δ7d
0.0
Δ21d
-0.6
Sentiment
77
62% active weight
Current posture
7d trendFlat
Δ7d
0.0
Δ21d
+10.8
Why this grade

Composite grade B. Momentum 45.1 / Value 53.1 / Sentiment 77.0

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-08-18. Scenario method

B+
Bull case
25%
Probability
Target price
$700.00
Analysis reference price unavailable
Analysis 2026-08-18 · RankAlpha Sentiment Codex
Most likely
B
Base case
55%
Probability
Target price
$663.00
Analysis reference price unavailable
Analysis 2026-08-18 · RankAlpha Sentiment Codex
B-
Bear case
20%
Probability
Target price
$500.00
Analysis reference price unavailable
Analysis 2026-08-18 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$425.01B
Beta
1.69
Shares Out
793.96M
P/E (TTM)
32.8
P/S (TTM)
7.95
P/FCF (TTM)
52.26
Rev YoY
+24.8%
EPS YoY
+43.0%
Gross Margin
+49.4%
Op Margin
+31.1%
Net Debt
-$1.52B
Current Ratio
2.42
As of 2026-09-08 • Updated nightlySource: Internal modelMethods & Data