
AMAT, CHYM and ITRI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 19, 2026.
Applied Materials, Inc. is an American corporation that supplies equipment, services and software for the manufacture of semiconductor (integrated circuit) chips for electronics, flat panel displays for computers, smartphones and televisions, and solar products. The company also supplies equipment to produce coatings for flexible electronics, packaging and other applications. The company is headquartered in Santa Clara, California, in Silicon Valley.
| Revenue (TTM) | $30.84B |
| Gross Profit (TTM) | $15.23B |
| EBITDA | $10.15B |
| Operating Margin | 33.70% |
| Return on Equity | 41.10% |
| Return on Assets | 15.50% |
| Revenue/Share (TTM) | $38.83 |
| Book Value | $32.27 |
| Price-to-Book | 16.59 |
| Price-to-Sales (TTM) | 13.24 |
| EV/Revenue | 13.7 |
| EV/EBITDA | 36.63 |
| Quarterly Earnings Growth (YoY) | 42.80% |
| Quarterly Revenue Growth (YoY) | 24.80% |
| Shares Outstanding | $793.96M |
| Float | $790.97M |
| % Insiders | 0.33% |
| % Institutions | 86.55% |
Volatility is currently contracting

AMAT, CHYM and ITRI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 19, 2026.

Applied Materials (NASDAQ:AMAT | AMAT Price Prediction) shares are up 98% year to date (YTD) at $509.29 Tuesday afternoon, a rally that captures how central chip equipment makers have become to the 2026 AI infrastructure trade.

Applied Materials' AI-driven growth, strong semiconductor demand and broad portfolio support its bullish outlook despite a premium valuation.

Applied Materials delivered a strong fiscal Q3 with 25% y/y revenue growth and record operating income, yet the stock remains priced for perfection. Despite robust fundamentals and ahead-of-Street guidance, flat sequential gross margins and high valuation multiples limit downside protection for AMAT. I maintain a Sell rating but raise my price target to $440, as 24x EV/EBITDA offers little margin of safety.

Examine the evolution of Applied Materials' (AMAT) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.

Applied Materials, Inc. added $1,205M in revenue in July and guides to $1,135M more for October. Sellers knocked 5.1% off AMAT stock anyway. Applied came in at 50.4% non-GAAP gross margin in July and guides October to about 50.4% on roughly $1,135M more revenue. Hill says slow improvement, and I don't see it. Applied grew revenue $1,813M year over year, and about 48% of that came from foundry-logic, about 33% from DRAM. I like foundry-logic more after TSMC raised its 2026 capital budget.

US stocks ended lower on Friday as investors locked in profits following a record-setting rally, while weaker-than-expected retail sales data and renewed pressure on semiconductor shares weighed on sentiment. The S&P 500 fell 0.2% to close at 7,785.76 after setting fresh record highs earlier in the week.

Applied Materials isn't having an easy time impressing investors.

Applied Materials, Inc. delivered record Q3 results, with 25% year-over-year revenue growth and strong margin expansion. Adjusted EPS reached $3.50, up 41% year-over-year, and management guided Q4 revenue and EPS well above consensus, but the outlook was key. AMAT benefits from robust AI infrastructure demand, advanced packaging, and strong customer spending in logic and memory segments, and if this continues is debated.

Applied Materials (NASDAQ:AMAT) reported record fiscal third-quarter results after Monday's close, posting $9.12 billion in revenue and $3.50 in earnings per share, both topping expectations on strong AI-driven demand.
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