AMAT vs ANET: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and Arista Networks, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-04-22.
Applied Materials, Inc. · Technology
$394.33
-58.9% upside to fair value
Grade C
High Quality
VS
Arista Networks, Inc. · Technology
$172.86
+82.8% upside to fair value
Grade C
High Quality
QuantHub Verdict
ANET has more upside to fair value
(+82.8%).
AMAT trades at a lower forward P/E
(39.9x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
ANET |
| Current Price |
$394.33 |
$172.86 |
| Fair Value Estimate |
$162.08 |
$316.03 |
| Upside to Fair Value |
-58.9%
|
+82.8%
|
| Market Cap |
$312.9B |
$217.7B |
| Forward P/E |
39.9x
|
61.9x
|
| EV / EBITDA |
31.6x
|
54.9x
|
| Price / Sales |
11.1x
|
24.2x
|
| Price / FCF |
50.5x
|
51.2x
|
| Revenue Growth YoY |
-2.1%
|
+28.9%
|
| Gross Margin |
48.7%
|
64.1%
|
| Operating Margin |
29.1%
|
42.8%
|
| Return on Equity |
38.9%
|
31.0%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
1.98%
|
1.95%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Applied Materials, Inc. is a leading global provider of semiconductor and display equipment, specializing in materials engineering solutions critical to chip manufacturing. The company benefits from a durable competitive moat supported by its market leadership, innovation engine with over 8,500 patents since 2013, and a strong management team led by CEO Gary E. Dickerson. Despite these strengths,…
Arista Networks is a leading provider of high-speed data center networking hardware and software, specializing in Ethernet switches and cloud networking solutions. The company benefits from strong revenue growth driven by AI and hyperscale cloud demand, with 28.9% revenue growth and 19.3% earnings growth in the most recent quarter. High margins, including a 64.1% gross margin and 42.8% operating …
Accumulation Zones
| Metric |
AMAT |
ANET |
| Zone Low |
$121.56 |
$237.02 |
| Zone High |
$137.77 |
$268.63 |
| In Buy Zone? |
No
|
Yes
|