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Applied Materials Inc (AMAT) — chart, structure and Closelook read

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Company snapshot — Applied Materials Inc

AMAT in five paragraphs: what it makes and sells, where it sits in the Closelook stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
Applied Materials makes the machines that build up and shape material on a silicon wafer: deposition tools that lay down thin films, etch tools that carve patterns into them, chemical mechanical planarization tools that flatten each layer, plus metrology, inspection, ion implantation and packaging equipment. It also runs a services arm that keeps installed fabs running and upgraded. Customers are the chip and wafer manufacturers that build around this equipment fab by fab. It is based in Santa Clara, California.
Where it sits in the stack
In our Rubin Build-Out 100, Applied Materials sits in Layer 2, Fabrication, within the Deposition, Etch & Process sleeve — the kit a fab orders in bulk to build up and pattern each wafer layer. Every additional wafer start in the AI build-out becomes an order line for this sleeve, so it is a direct customer proxy for fab capacity growth.
Who it is priced against
Closelook's peer group calls it a semiconductor equipment leader, grouped with Lam Research, KLA, ASML and Tokyo Electron as the names the market prices it against; Applied is also compared with ASML by the wider market as the two largest equipment makers.
Why Closelook tracks it
AMAT is a Rubin Build-Out 100 and Nasdaq-100 constituent, and carries a Closelook score, strongest on quality, weakest on valuation. The diary has quoted it across the Morning 10, Midday 10 and in longer reports tracking the build-out's verification phase.
What the diary watches
The diary watches whether equipment orders track wafer-start growth in the build-out or lag it, and whether the process-equipment names move together when fab spending is questioned.

Applied Materials Inc (AMAT) trades on US exchanges, classified under Technology, and sits in Layer 2 of the build-out stack. Constituent of Rubin Build-Out 100.

The Closelook company score reads 53/100 composite (momentum 44, quality 75, valuation 30) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelook’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: AMAT news on the tape · index compare · sector dispersion · scanner.

Signals for this name

Every Closelook reading that exists for AMAT, from the same nightly bakes the boards use. Research diary readings, not advice.

The Street on this name 8 analyst actions on the wire · latest: price target by UBS, 2026-09-01 · last print 2026-08-13

The Street on this name

Analyst actions and the latest print for AMAT from the Closelook wires — third-party opinions on the record, not our readings.

  • Price target UBS — target 695 from 675 Target raised to $695 from $675 (+51.6% to spot) 2026-09-01
  • Price target Mizuho — target 590 from 650 Target cut to $590 from $650 (+21.9% to spot) 2026-08-25
  • Price target Argus — target 600 from 500 Target raised to $600 from $500 (+18.2% to spot) 2026-08-18
  • Latest print EPS 3.50 against 3.40 expected — a +2.9% beat 2026-08-13

8 actions on the analyst wire since 2026-08-13: 8 target changes. Analyst wire → · Earnings wire →

Who it is priced against Semiconductor equipment leaders · 4 names with week and year-to-date

Peer group

Semiconductor equipment leaders

Curated competitor set — who the market prices this name against, not just who shares its sector.

Compared against AMAT on the nightly bakes; the Peers tab ranks the cohort on the Closelook scores where it exists.

Versus its index Rubin Build-Out 100 — the name, its sleeve and the index over day, week and month

Versus its index

The name against its Closelook index and its own sleeve — equal-weight, nightly closes.

Rubin Build-Out 100 · as of 2026-09-16

DayWeekMonth3 months
AMAT−1.4%−11.4%−22.4%−26.9%
Deposition, Etch & Process+2.0%−8.1%−9.8%—
Rubin Build-Out 100+1.9%−5.3%−7.4%—

Against the index: 6.1 pts behind on the week, 15.0 pts behind on the month; against its Deposition, Etch & Process sleeve 12.6 pts behind on the month.

Returns from the index workers’ nightly closes; equal-weight sleeves. A relative reading from the research diary, not advice.

Weather around the name 4 macro readings: Money Temperature, Factor regime, Sector × region …

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 45/100 · S&P 500 fund at 42, above its 200-day averageEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-16
  • Factor regime Momentum leadership cooling, still above trendMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 91th percentile of the window, -0.7% over 20 sessions. Factor regime → 2026-09-16
  • Sector × region Technology in US: −2.1% week · −3.4% month · −1.2% quarter · +32.1% yearThe Sector Engine cell this name lives in, from XLK.US; the 11 × 4 matrix shows where its sector is being bought and where it is being sold. Sector Engine → 2026-09-16
  • Sovereign pressure Index 0.17 · up 0.22 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-16

FAQ · from the current data · as of 2026-09-17

Quick answers

What is Applied Materials Inc (AMAT)?

Applied Materials Inc trades as AMAT on the US exchange (US) and is classified under Technology in the Closelook research universe, as of the registry build of 2026-09-17.

Is AMAT in a Closelook index?

Yes — Applied Materials Inc is a constituent of Rubin Build-Out 100, as of 2026-09-17.

What is Applied Materials Inc's Closelook composite score?

53 out of 100, with momentum 44, quality 75 and valuation 30 sub-scores, as of 2026-09-17. Scores are Closelook's own research readings, not ratings or investment advice.

What is Applied Materials Inc's earnings print record?

Across the 10 prints Closelook covers, Applied Materials Inc beat EPS estimates 10 times and revenue estimates 9 times; the three-day reactions split 1 up, 2 flat and 7 down (moves beyond ±3%), as of the 2026-08-13 card. The full print-record card carries the per-print history.

Where does AMAT trade against its moving averages?

Widest analyst gap: 43.8% off its high — yet the $666 consensus implies +60.4%. As of 2026-09-16 — a technical state from the nightly Closelook bake, not advice. The Technical tab carries the full row.

How is AMAT doing against its Closelook index?

Over the past month Applied Materials Inc is −22.4% against −7.4% for the Rubin Build-Out 100 — 15.0 points behind its index, as of 2026-09-16. Its Deposition, Etch & Process sleeve is −9.8% over the same month. The “Versus its index” table on this page carries the day, the week and the month for the name, its sleeve and the index.

What does Applied Materials Inc do?

Applied Materials makes the machines that build up and shape material on a silicon wafer: deposition tools that lay down thin films, etch tools that carve patterns into them, chemical mechanical planarization tools that flatten each layer, plus metrology, inspection, ion implantation and packaging equipment. It also runs a services arm that keeps installed fabs running and upgraded. Customers are the chip and wafer manufacturers that build around this equipment fab by fab. Closelook's peer group calls it a semiconductor equipment leader, grouped with Lam Research, KLA, ASML and Tokyo Electron as the names the market prices it against; Applied is also compared with ASML by the wider market as the two largest equipment makers.

Where does Applied Materials Inc sit in the AI build-out?

In our Rubin Build-Out 100, Applied Materials sits in Layer 2, Fabrication, within the Deposition, Etch & Process sleeve — the kit a fab orders in bulk to build up and pattern each wafer layer. Every additional wafer start in the AI build-out becomes an order line for this sleeve, so it is a direct customer proxy for fab capacity growth. AMAT is a Rubin Build-Out 100 and Nasdaq-100 constituent, and carries a Closelook score, strongest on quality, weakest on valuation. The diary has quoted it across the Morning 10, Midday 10 and in longer reports tracking the build-out's verification phase.

What has Wall Street done on Applied Materials Inc recently?

The most recent analyst action on Applied Materials Inc on the Closelook wire is a price target by UBS on 2026-09-01 (target 695 from 675). 8 actions on the analyst wire since 2026-08-13: 8 target changes. Its latest earnings print on the wire, 2026-08-13: EPS 3.50 against 3.40 expected — a +2.9% beat. Analyst actions are third-party opinions recorded by the wire, not Closelook readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

Where has Closelook written about Applied Materials Inc?

Applied Materials Inc appears in 18 Closelook pieces, most recently Morning 10: Rates — the Fed hikes and the 10-year closes above 5%: the belly sold, the relief unwound, chips back under $505 (2026-09-17); Midday 10: Fed day — relief before the decision: 10-year 4.96%, Brent under $107.63, chips reclaim $505, Nasdaq-100 above $708.69 (2026-09-16); Morning 10: Rates — Fed day at a 5% 10-year: the hike is priced, the cycle is not; Yardeni cuts the S&P target to 7,900 (2026-09-16). What Closelook said most recently: Inside chips the day was not one story: optics and interconnect were bought hard — Lumentum +9.6%, Credo +7.4%, Coherent +6.9%, Astera Labs +6.6%, Soitec +13.4% in Paris — and the equipment names were sold again, Applied Materials −1.4%… (Morning 10, 2026-09-17). The "Mentioned on Closelook" block on this page lists the long reads, the reference entries and the dailies that name it.

What does this page show?

A live price chart with SMA overlays and drawing tools for AMAT, performance metrics, index-membership context and the Closelook structure read — an investment research diary view, not investment advice.

Mentioned on Closelook 18 pieces · newest: Morning 10, “Rates — the Fed hikes and the 10-year closes above 5%: the belly sold, the relief unwound, chips back under $505” (2026-09-17)

Mentioned on Closelook

Where AMAT appears in the diary — 18 pieces, newest first. Every link is our own writing.

Long reads

  • AI Bull Market — The 2026 Verification PhaseReport · 20 Mar 2026The canary calendar (TSMC, ASE/Amkor, Advantest, Microsoft, AMAT, Micron) has fully printed; Micron in particular resolved far above the January frame — see the June follow-up .

Dailies

Related in the Closelook universe