Applied Materials (AMAT) reanalysis after a record $9.12B Q3 FY2026: forward EPS rose to $18.33 while the stock fell to $507, compressing the forward P/E to 27.7x and reopening a $620 base case with +22% upside.
Applied Materials (AMAT) reanalysis: after a 22% pullback to $539 into Aug 13 Q3 earnings, forward P/E compressed to 31.5x — a reset risk/reward for holders.
Applied Materials (AMAT) DRAM and advanced packaging systems launch reanalysis: $620 base case hit at $694, six new AI memory systems, and the $790 bull case.
Applied Materials (AMAT) reanalysis: Citi’s Street-high $710 target and TSMC’s $54B capex hike collide with the CEO’s $42.5M insider sale. We raise targets to $620 / $720 / $440 but downgrade to Hold with disciplined trim.
Applied Materials AMAT reanalysis: $480 base case hit at $552. Cantor’s $650 + Singapore campus reset bull to $677. Hold for current holders.
Applied Materials commands 30% of the B semiconductor equipment market. With record Q2 revenue of .91B, 50%+ advanced packaging growth, and AI-driven capex acceleration, AMAT offers compelling exposure to the chip supercycle.
