Applied Materials reported strong fourth-quarter results above guidance midpoints and provided strong guidance. Sales rose 53% year on year to $10.4 billion. January-quarter sales guidance of $11.1 billion well exceeded our model and portends massive growth in fiscal 2027.
Applied Materials is one of the largest WFE providers in the world, with the broadest portfolio and the largest R&D budget of its direct peers.
We consider Applied Materials to be a generalist in WFE. More-specialized firms like Lam Research and KLA could outcompete it in their respective markets.
Metric | AMAT | 8035 | KLAC |
|---|---|---|---|
Price/Earnings (Normalized) | 34.88 | 36.35 | 38.41 |
Price/Book Value | 11.58 | 9.76 | 31.43 |
Price/Sales | 8.84 | 7.39 | 14.28 |
Price/Cash Flow | 28.17 | 28.29 | 34.37 |
Metric | AMAT | 8035 | KLAC |
|---|---|---|---|
Quick Ratio | 1.67 | 1.39 | 1.76 |
Current Ratio | 2.42 | 2.37 | 2.76 |
Interest Coverage | 33.00 | — | 22.13 |
Metric | AMAT | 8035 | KLAC |
|---|---|---|---|
Return on Assets (Normalized) | 22.69% | 29.30% | 31.27% |
Return on Equity (Normalized) | 39.18% | 40.21% | 92.53% |
Return on Invested Capital (Normalized) | 25.01% | 40.21% | 45.98% |
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
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