AMAT vs MRVL: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and Marvell Technology, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-05-20.
Applied Materials, Inc. · Technology
$406.91
-12.0% upside to fair value
Grade B-
High Quality
VS
Marvell Technology, Inc. · Technology
$133.37
+23.0% upside to fair value
High Conviction
Grade B
QuantHub Verdict
MRVL has more upside to fair value
(+23.0%).
AMAT trades at a lower forward P/E
(30.3x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
MRVL |
| Current Price |
$406.91 |
$133.37 |
| Fair Value Estimate |
$358.00 |
$164.02 |
| Upside to Fair Value |
-12.0%
|
+23.0%
|
| Market Cap |
$322.9B |
$116.6B |
| Forward P/E |
30.3x
|
42.4x
|
| EV / EBITDA |
30.2x
|
—
|
| Price / Sales |
10.2x
|
14.2x
|
| Price / FCF |
51.6x
|
83.7x
|
| Revenue Growth YoY |
+11.0%
|
+7.0%
|
| Gross Margin |
49.9%
|
50.1%
|
| Operating Margin |
31.9%
|
16.3%
|
| Return on Equity |
47.0%
|
19.4%
|
| Dividend Yield |
0.45% |
— |
| FCF Yield |
1.94%
|
1.2%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Applied Materials is the world's leading semiconductor and display equipment company, and the May 14 Q2 fiscal 2026 print materially strengthened the operating story. Revenue grew 11 percent year over year to a record $7.91 billion, non-GAAP earnings per share of $2.86 beat consensus of $2.68, and management guided Q3 to a record $8.95 billion in revenue with non-GAAP earnings per share of $3.36 …
Marvell Technology designs semiconductors for data infrastructure, including storage, networking, connectivity for AI, cloud, 5G, and automotive; the business excels with a dominant Data Center segment driving 42% FY2026 revenue growth to $8.2B amid AI demand, strong leadership under long-tenured CEO Matt Murphy, and robust 50% gross margins, though offset by earnings decline and non-Data Center …
Accumulation Zones
| Metric |
AMAT |
MRVL |
| Zone Low |
$268.50 |
$123.02 |
| Zone High |
$304.30 |
$139.42 |
| In Buy Zone? |
No
|
Yes
|