Stocks / AMAT
AMAT stock forecast
APPLIED MATERIALS INC · Technology · Semiconductor Equipment & Materials
The model's rating
Underperform
AMAT is rated Underperform as of September 29, 2026: its medium-term return forecast is below the middle of the stocks the model scores, but above the bottom fifth.
Changed from Greatly Underperform on September 28, 2026.
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AMAT is not among the 20 largest holdings published for 2026 Q4. See the portfolio
AMAT against the S&P 500
| Period | AMAT | S&P 500 (SPY) |
|---|---|---|
| 1 month | +11.6% | -0.3% |
| 3 months | -21.4% | +2.5% |
| Year to date | +99.7% | +12.7% |
| 1 year | +151.2% | +15.7% |
Total return, dividends included.
Key numbers
| Price | $511.38 |
| Market cap | 405.83 Billion |
| P/E (trailing 12 months) | 43.8 |
| P/S (trailing 12 months) | 13.2 |
| P/B (latest quarter) | 15.4 |
| Gross margin | 49.4% |
| Net profit margin | 30.1% |
| Return on equity | 40.4% |
| Beta | 2.7 |
As of August 20, 2026.
AMAT and its closest peers
| Stock | Company | Market cap | Model rating | |
|---|---|---|---|---|
| LRCX | LAM RESEARCH CORP | 411.07 Billion | Outperform | LRCX vs AMAT |
| KLAC | KLA CORP | 254.69 Billion | Outperform | AMAT vs KLAC |
| TER | TERADYNE INC | 62.68 Billion | Greatly Underperform | AMAT vs TER |
| Q | QNITY ELECTRONICS INC | 26.31 Billion | Underperform | AMAT vs Q |
Questions
What does the Upfront Investment model say about AMAT?
The model rates APPLIED MATERIALS INC (AMAT) "Underperform" as of September 29, 2026, which means its medium-term return forecast is below the middle of the stocks the model scores, but above the bottom fifth. The rating is a statistical forecast, not a recommendation to buy or sell.
How is the AMAT rating produced?
A machine-learning model forecasts each stock's return over the coming months and ranks the forecasts against each other. The label says where this stock's forecast falls in that ranking. It is refreshed whenever the model's data updates, normally every trading day.
Is AMAT in the Upfront Investment model portfolio?
AMAT is not among the 20 largest holdings published for 2026 Q4.
The rating is the output of a statistical model and can be wrong. It is not investment advice and takes no account of your circumstances. Past performance does not guarantee future results.