AMAT vs SNDK: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and Sandisk Corporation — 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
Sandisk Corporation · Technology
$1,614.39
-25.3% 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 |
SNDK |
| Current Price |
$474.38 |
$1,614.39 |
| Fair Value Estimate |
$457.95 |
$1,206.72 |
| Upside to Fair Value |
-3.5%
|
-25.3%
|
| Market Cap |
$376.6B |
$239.1B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
33.1x
|
17.9x
|
| Price / Sales |
12.2x
|
11.8x
|
| Price / FCF |
67.0x
|
20.6x
|
| Revenue Growth YoY |
+24.8%
|
+371.6%
|
| Gross Margin |
49.4%
|
71.5%
|
| Operating Margin |
30.5%
|
61.2%
|
| Return on Equity |
40.4%
|
93.1%
|
| Dividend Yield |
0.42% |
0% |
| FCF Yield |
1.49%
|
4.84%
|
| 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…
Sandisk designs and manufactures NAND flash storage solutions, including SSDs, embedded memory, removable cards, USB devices, and wafers, employing roughly 11,100 people from its Milpitas, California headquarters. The business is currently generating extraordinary profitability, with TTM gross margin of 71.5%, operating margin of 61.2%, net margin of 56.5%, and ROE of 93.1%, while revenue grew 37…
Accumulation Zones
| Metric |
AMAT |
SNDK |
| Zone Low |
$343.46 |
$905.04 |
| Zone High |
$389.26 |
$1,025.71 |
| In Buy Zone? |
No
|
No
|