AMAT vs ON Stock Comparison
Applied Materials, Inc. vs ON Semiconductor Corporation
AMAT leads
AMAT leads by 2 AIQ points, primarily on Quality and Risk Resilience, but the lead has narrowed from 9 points over 30 sessions. Wall Street currently favors ON on target upside.
Fragile: 3 of 6 evidence groups support AMAT, its lead is narrowing, and its current signal state is conflicted.
Applied Materials, Inc.
ON Semiconductor Corporation
The Algovestiq AIQ Score currently favors AMAT over ON, 45 versus 43 as of Sep 2, 2026. AMAT's advantage is driven primarily by stronger quality and risk resilience, while ON holds the stronger value profile. AMAT also shows the weaker technical structure relative to its 50-day moving average, though analyst target upside currently favors ON. 3 of 6 covered evidence groups favor AMAT today, and the comparison is rated Fragile on stability: the AIQ gap is narrow at 2 points. AMAT lead: Weakening — the AIQ differential moved from 9 to 2 points over 30 sessions.
Compare Applied Materials, Inc. and ON Semiconductor Corporation across the Algovestiq AIQ Score, valuation, quality, momentum, risk, technicals and analyst expectations.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Quality30%87 vs 46AMAT +41
- Value30%28 vs 55ON +27
- Momentum25%16 vs 30ON +14
- Risk Resilience15%45 vs 37AMAT +8
3 of 6 evidence groups favor AMAT. AMAT’s edge is concentrated in quality and risk resilience; ON keeps a meaningful value edge.
What changed since the last close
Latest scored session 2026-09-01, compared against the prior scored session 2026-08-31.
No factor moved materially.
No new signals fired.
No factor moved materially.
No new signals fired.
AMAT's lead was unchanged in the latest snapshot.
Deeper signal detail for each name lives on its own signals page — AMAT and ON both carry a full feed there.
The central trade-off
AMAT (Applied Materials, Inc.): the stronger current systematic profile, led by quality and risk resilience.
ON (ON Semiconductor Corporation): the counter-case, on value, momentum, valuation.
The AIQ Score and Wall Street therefore point in different directions on this pair.
Which one fits your objective
The same two names rank differently depending on what you are optimizing for. All six reads are shown at once — none of them is hidden behind a toggle.
Balanced
AMATAMAT on the overall AIQ Score, which weights Quality and Value at 30% each.
Growth
ONON on combined revenue and EPS growth.
Value
ONON on the peer-relative Value factor, by 27 points.
Momentum
ONON on the Momentum factor, by 14 points.
Lower downside
AMATAMAT on Risk Resilience, by 8 points.
Analyst upside
ONON on implied upside to the consensus price target.
AIQ vs Wall Street
The model and the Street disagree here: AIQ favors AMAT, analyst targets favor ON. That disagreement is the most useful thing on this page.
| Measure | AMAT | ON | Note |
|---|---|---|---|
| Implied upside to target | +39.4% | +51.1% | ON has more room |
| Target dispersion | +69% | +99.8% | Lower is tighter analyst agreement |
| Consensus | Buy | Hold | Context, not a primary driver |
| Analysts covering | 23 | 9 | Higher coverage generally improves confidence |
The two are measuring different things. The AIQ Score reads current fundamentals, valuation, trend and risk; analyst targets price forward expectations. A divergence of this kind is either a contrarian opportunity or a sign the model is missing something already priced in — it is worth resolving before acting on either.
Analyst targets are expectations, not predictions. Dispersion matters as much as the midpoint.
AIQ Agreement Matrix
3 of 6 covered evidence groups favor AMAT. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | Even | 45 vs 43 |
| Fundamentals | AMATon balance | revenue growth 15.2% vs 6%; EPS growth -9.3% vs 8.2%; ROE 39.8% vs 8.4%; gross margin 49% vs 37.4%; operating margin 29.5% vs 11.7% — AMAT takes 4 of 5 decided legs, not all of them |
| Valuation | ON | Value 28 vs 55 |
| Technicals | AMAT | Price vs 50-day -20.3% vs -16.5%; vs 200-day 15.2% vs -4.8% |
| Risk Resilience | AMAT | Risk Resilience 45 vs 37 |
| Analyst expectations | ON | Target upside 39.4% vs 51.1% |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of AMAT and ON and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is narrow at 2 points. (argues the conclusion is provisional)
- Only 3 of 6 covered evidence groups agree. (argues the conclusion is provisional)
- The leader's advantage has been narrowing. (argues the conclusion is provisional)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
- Signal direction runs against the verdict: the leader is net-bearish while the laggard is net-bullish. (argues the conclusion is provisional)
- Analyst targets on the leader are widely dispersed. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on AMAT.
How the comparison changed
120 daily snapshots · Apr 20 – Sep 1AMAT lead: Weakening — the AIQ differential moved from 9 to 2 points over 30 sessions.
- Today
- AMAT +2
- 45 vs 43
- 7 sessions ago
- AMAT +4
- 47 vs 43
- 30 sessions ago
- AMAT +9
- 53 vs 44
- 90 sessions ago
- AMAT +23
- 65 vs 42
The lead changed hands 4 times in this window, most recently on Jul 21 when AMAT moved ahead of ON.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 2 bearish / 1 neutral, conflicted
- Golden Cross Active — bullish, trend, long horizon (36.05%)
- Beta Spike Warning — bearish, risk, long horizon
- ATR Expansion - Breakout Mode — neutral, volatility, short horizon (5.72%)
2 bullish / 0 bearish / 1 neutral
- Golden Cross Active — bullish, trend, long horizon (12.19%)
- ATR Expansion - Breakout Mode — neutral, volatility, short horizon (4.90%)
- MACD Bullish Crossover — bullish, momentum, short horizon
AMAT leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price -1.15%, AIQ 0 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +0.36%, AIQ 0 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1ON closes the Quality gap — currently 41 points behind, the largest single contributor to AMAT's edge.
- 2ON's ATR Expansion - Breakout Mode turns directional — it is neutral today and would confirm a change in trend.
- 3AMAT's conflicting signal state resolves bearish — it currently carries 1 bullish and 2 bearish rules at once.
- 4The narrowing continues — the lead has already given back 7 points over 30 sessions, and a further 2-point move would eliminate AMAT's advantage entirely.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Fundamentals
AMAT leads on balance| Metric | AMAT | ON |
|---|---|---|
| Revenue growth (YoY) | 15.2% | 6% |
| EPS growth (YoY) | -9.3% | 8.2% |
| Gross margin | 49% | 37.4% |
| Operating margin | 29.5% | 11.7% |
| Return on equity | 39.8% | 8.4% |
| Debt to equity | 0.3 | 0.62 |
Technicals
AMAT has the stronger structure| Metric | AMAT | ON |
|---|---|---|
| RSI (14) | 30.7 | 35.2 |
| ADX (14) | 16.3 | 30.6 |
| Price vs 50-day | -20.3% | -16.5% |
| Price vs 200-day | 15.2% | -4.8% |
| Volatility (1M, annualized) | 48.6% | 41.1% |
Risk
AMAT is the more resilient| Metric | AMAT | ON |
|---|---|---|
| Beta | 2.76 | 2.57 |
| Sharpe ratio | 1.96 | 0.87 |
| Sortino ratio | 3.09 | 1.2 |
| Max drawdown | -39.6% | -46.3% |
| Current drawdown | -36.6% | -44.7% |
| Annualized volatility | 59.3% | 61.5% |
| Value at risk (95%) | -5.7% | -4.9% |
Straight answers
Each answer is regenerated from the current snapshot, not written once and left to age.
Which is better, AMAT or ON?
On the Algovestiq AIQ Score, AMAT is the stronger of the two as of Sep 2, 2026, scoring 45 against ON's 43. The edge comes from quality and risk resilience. ON is not without a case — it holds the better value profile, which matters more if that is the objective you are optimizing for. This is a systematic score, not a recommendation: it ranks the two on the same evidence, it does not know your holding period or tax position.
Is AMAT or ON the better buy right now?
AMAT carries the stronger systematic profile as of Sep 2, 2026, and the comparison is rated Fragile — 3 of 6 covered evidence groups agree. A Fragile rating means the conclusion is sensitive: the AIQ gap is narrow at 2 points. Treat the lead as provisional.
Why does the AIQ Score favor AMAT over ON?
The composite weights Quality at 30%, Value at 30%, Momentum at 25% and Risk Resilience at 15%. AMAT leads Quality by 41 points; ON leads Value by 27 points; ON leads Momentum by 14 points. Where the two split, the factor with the larger weight carries the result.
Which has more analyst upside, AMAT or ON?
Analyst price targets imply +39.4% upside for AMAT and +51.1% for ON, so the Street currently favors ON. That points the opposite way to the AIQ Score, which favors AMAT. The two are measuring different things: the model reads current fundamentals, valuation, trend and risk; the Street is pricing forward expectations. A divergence of this kind is either a contrarian opportunity or a sign the model is missing something the analysts have already priced — it is the single most useful row on this page to investigate. Analyst targets are expectations, not predictions, and dispersion matters as much as the midpoint.
Which is better value, AMAT or ON?
ON is the better-valued of the two on the peer-relative Value factor. ON on the peer-relative Value factor, by 27 points. The Value factor reads valuation relative to sector peers and to the company's own fundamental quality, so it is not the same as simply having the lower multiple.
Which has stronger growth, AMAT or ON?
ON on combined revenue and EPS growth. Growth here is measured on reported revenue and earnings, not on forward estimates — it describes what the businesses have delivered, not what the Street expects next.
Which has stronger momentum, AMAT or ON?
ON on the Momentum factor, by 14 points. Momentum carries 25% of the AIQ composite. It has documented persistence over three- to twelve-month horizons, which makes it a timing input rather than a reason to hold something indefinitely.
Which is riskier, AMAT or ON?
AMAT is the more resilient of the two, so the other name carries the higher downside risk. AMAT on Risk Resilience, by 8 points. The Risk Resilience factor weights 15% of the composite; position sizing usually responds to it more usefully than the buy/avoid decision does.
Is AMAT more profitable than ON?
AMAT leads on the comparable margin measures — gross margin 49% vs 37.4%; operating margin 29.5% vs 11.7%; roe 39.8% vs 8.4%.
Is AMAT's lead over ON getting stronger or weaker?
AMAT lead: Weakening — the AIQ differential moved from 9 to 2 points over 30 sessions. This is measured from 120 daily comparison snapshots between 2026-04-20 and 2026-09-01. The lead has changed hands 4 times in that window, most recently on 2026-07-21, when AMAT moved ahead of ON.
What would change the AMAT vs ON verdict?
The result is a state, not a forecast, so it changes when the underlying evidence changes. Concretely: ON closes the Quality gap — currently 41 points behind, the largest single contributor to AMAT's edge; ON's ATR Expansion - Breakout Mode turns directional — it is neutral today and would confirm a change in trend; AMAT's conflicting signal state resolves bearish — it currently carries 1 bullish and 2 bearish rules at once; the narrowing continues — the lead has already given back 7 points over 30 sessions, and a further 2-point move would eliminate AMAT's advantage entirely.
What do the current signals say about AMAT and ON?
AMAT: 1 bullish / 2 bearish / 1 neutral, conflicted. ON: 2 bullish / 0 bearish / 1 neutral. A conflicted state means bullish and bearish rules are active on the same name at once — the technical evidence is not pointing one way, and a decision taken on it carries more timing risk. The most decision-relevant rule on AMAT is Golden Cross Active (bullish, long horizon). On ON it is Golden Cross Active (bullish, long horizon).
Compare AMAT and ON with others
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality (30%), Value (30%), Momentum (25%) and Risk (15%). Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.