Applied Materials unveils EPIC Center. Applied Materials stock falls 3.74 percent
The Sunnyvale facility covers 600,000 square feet and includes nearly four acres of cleanroom space. Applied Materials said ...
Model output · Signal date 2026-10-16
Applied Materials Inc /De (AMAT) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
Alpha
90-day forecast
Sign up free to reveal
30-day forecast
Alpha
Rank in coverage
Middle 30%
of 5184 stocks scored
Rank correlation · 90D
31.0%
Spearman, 357 dates
Market Cap
$324.81B
mega-cap · #5 of 60 peers
Summary
Applied Materials Inc /De (AMAT) stock forecast summary
On Oct. 16, 2026, AMAT is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5184 stocks scored that day.
Applied Materials Inc /De is a mega-cap company with a market capitalization of $324.81B. It ranks number 5 by market capitalization among the 60 Semiconductors & Related Devices issuers in our coverage with a current forecast.
For AMAT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 31.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -10.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, AMAT included.
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AMAT price chart and AI forecast
Cross-section · 2026-10-16
How AMAT ranks among 5184 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-07-26
Applied Materials Inc /De (AMAT) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Semiconductors & Related Devices peers listed below that report each metric.
Valuation & Market
| Metric | AMAT | Rank |
|---|---|---|
| Market Cap | $324.81B | 5/60 |
| P/E Ratio | 35.34x | 25/40 |
| P/B Ratio | 12.68x | 15/57 |
| Dividend Yield | 0.47% | 11/13 |
| EPS | $11.58 | – |
| Book Value/Share | $32.29 | – |
| Revenue/Share | $38.86 | – |
| FCF/Share | $7.09 | – |
Profitability & Margins
| Metric | AMAT | Rank |
|---|---|---|
| ROE | 36.2% | 4/45 |
| ROA | 21.3% | 3/44 |
| ROIC | 27.6% | 2/53 |
| Gross Margin | 49.4% | 24/57 |
| Operating Margin | 29.6% | 9/57 |
| Net Margin | 30.1% | 8/45 |
| EBT Margin | 34.8% | 5/57 |
| Tax Rate | 13.6% | – |
Financial Health
| Metric | AMAT | Rank |
|---|---|---|
| Current Ratio | 2.42x | 41/55 |
| Quick Ratio | 1.79x | 39/54 |
| D/E Ratio | 0.70x | 23/59 |
| Financial Leverage | 1.70x | 22/57 |
| Interest Coverage | 42.1x | 12/45 |
| Working Capital | $14.74B | 5/55 |
Cash Flow
| Metric | AMAT | Rank |
|---|---|---|
| Operating Cash Flow | $8.40B | 6/57 |
| Free Cash Flow | $5.62B | 4/52 |
| Capital Spending | -$2.77B | 49/52 |
| OCF Growth YoY | 9.0% | 29/46 |
| FCF Growth YoY | -3.4% | 26/41 |
| FCF/Sales | 18.2% | 19/52 |
| CapEx/Sales | 9.0% | 11/52 |
Operational Efficiency
| Metric | AMAT | Rank |
|---|---|---|
| Asset Turnover | 0.71x | 10/54 |
| Receivables Turnover | 4.0x | 44/49 |
| Inventory Turnover | 2.4x | 29/53 |
| Fixed Assets Turnover | 5.5x | 28/52 |
| Days Sales Outstanding | 91 days | 6/49 |
| Days Inventory | 154 days | 25/53 |
| Payables Period | 56 days | 26/50 |
| Cash Conversion Cycle | 189 days | 13/46 |
Income Statement
| Metric | AMAT | Rank |
|---|---|---|
| Total Revenue | $30.84B | 5/56 |
| Operating Income | $9.14B | 3/57 |
| Net Income | $9.27B | 3/45 |
| R&D Expense | $3.97B | 5/56 |
| SG&A Expense | $101M | 47/55 |
| Cost of Goods Sold | $15.60B | 5/57 |
Dividend & Shareholder Information
| Metric | AMAT | Rank |
|---|---|---|
| Dividends Per Share | $1.91 | – |
| Payout Ratio | 16.5% | 11/13 |
| Shares Outstanding | 794M | – |
| Net Income Growth | 35.6% | 14/27 |
| EPS Growth | 38.0% | 15/30 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $25.09B | 57.7% of assets |
| Cash & Short-term Investments | $7.04B | 16.2% of assets |
| Accounts Receivable | $7.69B | 17.7% of assets |
| Inventory | $6.56B | 15.1% of assets |
| Total Liabilities | $17.90B | 41.1% of assets |
| Short-term Debt | $7.97B | 18.3% of assets |
Quarterly Financial Reports
AMAT quarterly financials and insider trading
Industry Peers · Semiconductors & Related Devices
Applied Materials Inc /De (AMAT) industry peers
Companies classified under the same SEC industry code as Applied Materials Inc /De (Semiconductors & Related Devices): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| AMAT Applied Materials Inc /De | ▶ | $324.81B |
| NVDA Nvidia Corp | ▶ | $5.16T |
| AVGO Broadcom Inc. | ▶ | $1.57T |
| AMD Advanced Micro Devices Inc | ▶ | $863.17B |
| INTC Intel Corp | ▲ | $453.20B |
| TXN Texas Instruments Inc | ▼ | $252.49B |
| ARM Arm Holdings Plc /Uk | ▲ | $243.29B |
| MRVL Marvell Technology, Inc. | ▲ | $199.78B |
| ADI Analog Devices Inc | ▼ | $191.62B |
| ASX Ase Technology Holding Co., Ltd. | ▲ | $86.49B |
| MPWR Monolithic Power Systems, Inc. | ▼ | $59.51B |
| NXPI Nxp Semiconductors N.V. | ▼ | $57.72B |
| ALAB Astera Labs, Inc. | ▲ | $49.59B |
| STM Stmicroelectronics N.V. | ▶ | $40.34B |
| MCHP Microchip Technology Inc | ▶ | $40.10B |
| CRDO Credo Technology Group Holding Ltd | ▲ | $31.90B |
| CBRS Cerebras Systems Inc. | ▶ | $30.22B |
| ON On Semiconductor Corp | ▶ | $28.04B |
| GFS Globalfoundries Inc. | ▶ | $25.93B |
| Q Qnity Electronics, Inc. | ▼ | $24.14B |
| TSEM Tower Semiconductor Ltd | ▲ | $21.94B |
| MTSI Macom Technology Solutions Holdings, Inc. | ▶ | $20.03B |
| FSLR First Solar, Inc. | ▶ | $18.55B |
| LSCC Lattice Semiconductor Corp | ▶ | $14.72B |
| SITM Sitime Corp | ▲ | $14.20B |
| SMTC Semtech Corp | ▲ | $12.76B |
| NXT Nextpower Inc. | ▼ | $12.14B |
| SWKS Skyworks Solutions, Inc. | ▲ | $11.99B |
| AMKR Amkor Technology, Inc. | ▶ | $10.34B |
| QRVO Qorvo, Inc. | ▲ | $10.05B |
| RMBS Rambus Inc | ▶ | $9.39B |
| VIAV Viavi Solutions Inc. | ▲ | $8.24B |
| FORM Formfactor Inc | ▶ | $8.20B |
| SLAB Silicon Laboratories Inc. | ▼ | $7.37B |
| MXL Maxlinear, Inc | ▲ | $6.47B |
| AAOI Applied Optoelectronics, Inc. | ▶ | $6.39B |
| ALGM Allegro Microsystems, Inc. | ▶ | $5.89B |
| CRUS Cirrus Logic, Inc. | ▲ | $5.41B |
| SYNA Synaptics Inc | ▲ | $4.58B |
| KLIC Kulicke & Soffa Industries Inc | ▲ | $4.11B |
| ENPH Enphase Energy, Inc. | ▶ | $4.00B |
| DIOD Diodes Inc /Del/ | ▼ | $3.82B |
| AXTI Axt Inc | ▶ | $3.38B |
| OSIS Osi Systems Inc | ▼ | $3.11B |
| IPGP Ipg Photonics Corp | ▼ | $3.02B |
| PENG Penguin Solutions, Inc. | ▲ | $2.93B |
| AMBA Ambarella Inc | ▲ | $2.72B |
| POWI Power Integrations Inc | ▶ | $2.49B |
| UCTT Ultra Clean Holdings, Inc. | ▶ | $2.31B |
| HIMX Himax Technologies, Inc. | ▲ | $2.03B |
| NLST Netlist Inc | ▲ | $2.00B |
| NVTS Navitas Semiconductor Corp | ▼ | $1.97B |
| LASR Nlight, Inc. | ▼ | $1.94B |
| SEDG Solaredge Technologies, Inc. | ▲ | $1.93B |
| PLAB Photronics Inc | ▼ | $1.62B |
| ICHR Ichor Holdings, Ltd. | ▶ | $1.58B |
| BRKH Blaize Holdings, Inc. | ▼ | $1.45B |
| WOLF Wolfspeed, Inc. | ▶ | $1.23B |
| SHLS Shoals Technologies Group, Inc. | ▲ | $1.21B |
| AMBQ Ambiq Micro, Inc. | ▲ | $1.21B |
Where AMAT sits on the market map
Manufacturing · Semiconductors & Related Devices
News
Applied Materials Inc /De (AMAT) stock news
Applied Materials stock sits 40.75 percent below its high before November 12, 2026 results
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Citi names Broadcom, Texas Instruments, and Applied Materials top chip picks
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FAQ
Applied Materials Inc /De (AMAT) stock forecast FAQ
What is the Applied Materials Inc /De (AMAT) stock forecast?
On Oct. 16, 2026, AMAT is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5184 stocks scored that day.
How accurate are Applied Materials Inc /De stock predictions?
For AMAT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 31.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -10.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Applied Materials Inc /De forecasts updated?
Applied Materials Inc /De forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Applied Materials Inc /De's industry peers?
60 issuers in our coverage, AMAT included, share the SEC industry code Semiconductors & Related Devices. The largest are: Nvidia Corp (NVDA), Broadcom Inc. (AVGO), Advanced Micro Devices Inc (AMD), Intel Corp (INTC), Texas Instruments Inc (TXN), Arm Holdings Plc /Uk (ARM).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.