APPLIED MATERIALS INC /DE vs ADVANCED MICRO DEVICES INC, two Semiconductors stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Applied Materials and AMD sit on the same semiconductor chain, one selling the machines, the other designing the chips. Applied is the steadier earner right now, a 27% net margin and a 33% return on equity to AMD's 13% and 8%. AMD, in a heavy investment phase, is the far more expensive stock, near 183 times its small earnings to Applied's 60. The equipment maker's profits are less glamorous but more consistent across the cycle; the chip designer's are a bet on operating leverage still arriving. Picks-and-shovels versus the prospector.
Comparison updated 2026-06-15.
| Metric | AMAT | AMD |
|---|---|---|
| Price | $602.31 | $558.29 |
| Market cap | $481.2B | $921.2B |
| Sector | Semiconductors | Semiconductors |
| Stage | Mature | Mature |
| P/E | 56.7 | 183.1 |
| P/B | 20.13 | 14.29 |
| P/S | 16.58 | 24.59 |
| EV/EBITDA | 56.2 | 210.5 |
| Revenue growth | +3.4% | +34.8% |
| Gross margin | 49.9% | 52.8% |
| Operating margin | 31.9% | 14.4% |
| Net margin | 27.3% | 13.4% |
| Return on equity | 33.1% | 7.8% |
| Return on assets | 19.6% | 6.3% |
| Return on invested capital | 23.8% | 5.1% |
| FCF yield | 1.1% | 0.9% |
| Dividend yield | 0.3% | — |
| Debt / equity | 0.27 | 0.05 |
| Current ratio | 2.51 | 2.72 |
| Altman Z (solvency) | 9.39 | 6.95 |
| Piotroski F (quality) | 6 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.