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 2026-05-20.
Applied Materials, Inc. · Technology
$406.91
-12.0% upside to fair value
Grade B-
High Quality
VS
Micron Technology, Inc. · Technology
$455.07
-45.0% upside to fair value
Grade D
High Quality
QuantHub Verdict
AMAT has more upside to fair value
(-12.0%).
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 |
$406.91 |
$455.07 |
| Fair Value Estimate |
$358.00 |
$250.29 |
| Upside to Fair Value |
-12.0%
|
-45.0%
|
| Market Cap |
$322.9B |
$513.2B |
| Forward P/E |
30.3x
|
21.2x
|
| EV / EBITDA |
30.2x
|
13.8x
|
| Price / Sales |
10.2x
|
8.8x
|
| Price / FCF |
51.6x
|
49.9x
|
| Revenue Growth YoY |
+11.0%
|
+196.3%
|
| Gross Margin |
49.9%
|
58.4%
|
| Operating Margin |
31.9%
|
48.5%
|
| Return on Equity |
47.0%
|
40.8%
|
| Dividend Yield |
0.45% |
0% |
| FCF Yield |
1.94%
|
2.0%
|
| 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 …
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 |
$268.50 |
$187.72 |
| Zone High |
$304.30 |
$212.75 |
| In Buy Zone? |
No
|
No
|