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The Chain Gazette · ResearchSemiconductorsNASDAQ NMS - GLOBAL MARKETFull writeup
$585.88-8.48%as of 10:36 PM ET

AMAT — Applied Materials Inc.

Largest semiconductor equipment company; PVD, CVD, and etch tools used in niobium/aluminum Josephson junction deposition and superconducting qubit wafer processing.

Coiled

19

52w range compression, breakout-adjusted

Watched

70

7-day news volume + tape quietness

Sound

79

Margins, growth, FCF composite

Critical

77

Supply-chain concentration × demand

Pressure

59

Pricing Power

49.0%

Inflating

CHAIN-D scores pending — refresh after next quarterly run.

Numbers on the wire.

Market cap

$465.2B

P/E (TTM)

53.86

P/S (TTM)

15.79

EV / EBITDA

85.79

Gross margin

48.96%

Op margin

28.59%

Net margin

29.31%

FCF margin

—

Rev growth YoY

3.33%

EPS growth YoY

29.62%

ROE

39.78%

ROA

22.93%

Debt / Equity

0.27

Current ratio

2.51

Price / Book

13.44

Beta

1.59

Layer Presence.

Applied Materials supplies PVD sputtering and CVD deposition systems used in Josephson junction fabrication (niobium, aluminum, SiO2 dielectrics). Quantum fab volumes today are trivial relative to AMAT's ~$27B revenue. Long-term optionality: if superconducting qubit manufacturing scales to foundry-equivalent volumes, AMAT tools are in the primary process flow. Risk: commercial-scale qubit fab is decade-scale.

From the EDGAR wire.

From the tape.