AMAT vs AMD: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and Advanced Micro Devices, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-24.
Applied Materials, Inc. · Technology
$474.38
-3.5% upside to fair value
Med Conviction
Grade C
High Quality
VS
Advanced Micro Devices, Inc. · Technology
$614.61
-13.7% upside to fair value
Med Conviction
Grade C
QuantHub Verdict
AMAT has more upside to fair value
(-3.5%).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
AMD |
| Current Price |
$474.38 |
$614.61 |
| Fair Value Estimate |
$457.95 |
$530.25 |
| Upside to Fair Value |
-3.5%
|
-13.7%
|
| Market Cap |
$376.6B |
$1,002.2B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
33.1x
|
93.4x
|
| Price / Sales |
12.2x
|
24.3x
|
| Price / FCF |
67.0x
|
119.3x
|
| Revenue Growth YoY |
+24.8%
|
+50.1%
|
| Gross Margin |
49.4%
|
53.2%
|
| Operating Margin |
30.5%
|
15.7%
|
| Return on Equity |
40.4%
|
10.1%
|
| Dividend Yield |
0.42% |
0% |
| FCF Yield |
1.49%
|
0.84%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Applied Materials is the largest supplier of wafer fabrication equipment, providing deposition, etch, ion implantation, and process-control tools alongside a growing Applied Global Services aftermarket business to semiconductor manufacturers worldwide. The business quality is high: TTM gross margin of 49.4%, TTM operating margin of 30.5%, TTM net margin of 30.1%, and ROE of 40.4% reflect a durabl…
Advanced Micro Devices designs x86 CPUs, GPUs, and data-center accelerators across two segments, Computing and Graphics and Enterprise, Embedded and Semi-Custom, with 31,000 employees and a $1.002 trillion market capitalization at $614.61 per share. The business quality is genuinely improving: revenue grew 50.1% year over year in the most recent quarter, earnings grew 163.4% year over year in the…
Accumulation Zones
| Metric |
AMAT |
AMD |
| Zone Low |
$343.46 |
$397.69 |
| Zone High |
$389.26 |
$450.71 |
| In Buy Zone? |
No
|
No
|