AMAT vs MU: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and Micron Technology, 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
Micron Technology, Inc. · Technology
$455.07
-21.6% upside to fair value
Grade D
High Quality
QuantHub Verdict
MU has more upside to fair value
(-21.6%).
MU trades at a lower forward P/E
(21.2x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
MU |
| Current Price |
$394.33 |
$455.07 |
| Fair Value Estimate |
$162.08 |
$356.91 |
| Upside to Fair Value |
-58.9%
|
-21.6%
|
| Market Cap |
$312.9B |
$513.2B |
| Forward P/E |
39.9x
|
21.2x
|
| EV / EBITDA |
31.6x
|
13.8x
|
| Price / Sales |
11.1x
|
8.8x
|
| Price / FCF |
50.5x
|
49.9x
|
| Revenue Growth YoY |
-2.1%
|
+196.3%
|
| Gross Margin |
48.7%
|
58.4%
|
| Operating Margin |
29.1%
|
48.5%
|
| Return on Equity |
38.9%
|
40.8%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
1.98%
|
2.0%
|
| 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,…
Micron Technology, Inc. is a leading semiconductor company specializing in memory and storage solutions, with a dominant position in DRAM and NAND markets. The company benefits from a strong business quality characterized by high profitability, exceptional revenue growth of 196.3% year-over-year in the most recent quarter, and a robust return on equity of 40.8%. Despite these strengths, the stock…
Accumulation Zones
| Metric |
AMAT |
MU |
| Zone Low |
$121.56 |
$267.68 |
| Zone High |
$137.77 |
$303.37 |
| In Buy Zone? |
No
|
No
|