NASDAQ · STOCK
Applied Materials
$509.98
52W $154.47 – $739.67
53/100
$403.07B
47.5
1.57
Is AMAT Bullish or Bearish?
Mixed.
Innellis AI committee rates Applied Materials (AMAT) Watch with a composite score of 53/100
, based on 7 analysts with 57% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +6.68 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -13.32 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Growth Analyst sees a compelling case — eps growing 29.6% yoy. Risk Analyst remains cautious — bollinger bandwidth of 31.7% signals elevated volatility. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 39.8% shows genuine earnings power backing the valuation — Value
- EPS growing 29.6% YoY — Growth
- 4 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- Beta of 1.63 means this name should amplify a favorable market regime — Macro
Bear Case
- P/E of 48.2 is expensive by classic value standards — Value
- Price-to-book of 9.0x prices in significant intangible value — Value
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 31.7% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of July 31, 2026
Overall Committee Score
53/100
Agreement
57%
Analysts
7
Conviction
Contested
Sector Rank
Top 57%
of 172 Technology peers
Value Analyst
neutral
49
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 39.8% shows genuine earnings power backing the valuation
− P/E of 48.2 is expensive by classic value standards
Growth Analyst
bullish
72
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 29.6% YoY
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Bollinger bandwidth of 31.7% signals elevated volatility
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
66
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.27 across 131 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 53.3 to 53.3.
- Committee agreement increased notably from 43% to 57%.
- New bearish signals: 4 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 3 appeared.
- Bearish pressure eased: 6 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst, Technical Analyst.
Analyst-level changes:
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +2 bullish signal(s).
- News Analyst: +1 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
- Risk Analyst: +1 bearish signal(s).
- Technical Analyst: stance bearish->neutral; score 38->48 (+10).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
45.1
Neutral
MACD Histogram
-10.685
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Hh Hl
Support
$203.51
Resistance
$739.60
Bollinger %B
0.28
Inside Bands
Price vs Moving Averages
EMA 9
$511.61
Below
EMA 21
$537.48
Below
EMA 50
$528.03
Below
EMA 200
$400.91
Above
Fundamental Analysis
Valuation
23
Growth
82
Profitability
1
Financial Health
100
Cash Flow
37
Valuation
P/E Ratio
47.5×
P/B Ratio
16.86×
PEG Ratio
1.62
Dividend Yield
0.00%
52W High
$739.67
52W Low
$154.47
Quality & Growth
ROE
34.3%
ROA
19.3%
Gross Margin
49.0%
Operating Margin
29.5%
Revenue Growth YoY
—
Debt / Equity
0.27
AI Fundamental Assessment
P/E ratio of 47.5 (rich relative to a 15-40x range); Price-to-book of 16.9x; PEG ratio of 1.6 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.3%; Return on assets of 0.2%; Net margin of 0.3%; Gross margin of 0.5%; Current ratio of 2.51 (healthy short-term liquidity); Debt-to-equity of 0.27; Free cash flow margin of 0.7% (thin cash generation); Free cash flow per share is positive (7.51); Most recent quarter beat estimates by 5.2%; 4 consecutive earnings beats; EPS growth accelerating (+9.7% -> +20.2% QoQ); Analyst estimates rising over recent quarters
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