UBS has upgraded Applied Materials Inc (AMAT) to a Buy rating from Neutral. This decision, effective November 24, 2025, reflects a more optimistic outlook on the company's prospects.
Headquartered in Santa Clara, California, Applied Materials provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. The firm operates in three segments: Semiconductor Systems, Applied Global Services (AGS), and Display. As of November 25, 2025, AMAT has a market capitalisation of $178.5 billion, a P/E ratio of 25.50, and an EPS of 8.67. The current share price stands at $249.97.
The upgrade may indicate improved fundamentals or enhanced confidence in the company’s strategic direction. Analyst ratings and price targets are based on research and financial models, providing a professional perspective that should be considered alongside company fundamentals and industry trends.
Analyst consensus reflects a total of 41 ratings, with 10 Strong Buy, 18 Buy, 11 Hold, 1 Sell, and 1 Strong Sell. The consensus rating remains a Buy.
Applied Materials is set to report its next earnings on August 12, 2026, with an estimated EPS of $2.41 and revenue of $7.3 billion. Recent performance has shown positive surprises, including a Q4 2025 EPS of $2.17 against an estimate of $2.14, marking a 1.6% surprise.
Changes in analyst ratings can occur as new information emerges, and differing opinions may exist among analysts regarding the same company.