AMAT · News · 20261009N

Competition and Market Share

APPLIED MATERIALS INC /DE · 2026-10-09 · Importance 45 · Surprise 64

Onto Innovation reported a backlog of $1.1 billion, described as double its prior level, driven by AI infrastructure spending and earlier customer orders. The company expects to deliver 60%–70% of the backlog in late 2026, with the balance extending into 2027. Its Dragonfly inspection and silicon photonics products compete with offerings from Applied Materials and KLA in advanced semiconductor packaging and process control.

Key facts

• Rep. Josh Gottheimer sold shares of Applied Materials on September 15 after purchasing them on August 6, resulting in a loss of 15.9% to 22.8%. source
• Had Rep. Gottheimer held Applied Materials shares until October 9, the loss would have been between 0.5% and 5.7%. source
• Analyst consensus indicates a "BUY" rating for Applied Materials with an average target price of $638.94. source
• TradingView's report states that Applied Materials is among the companies providing strong competition to Onto Innovation. source
• Jim Cramer named Applied Materials his second choice among chip equipment stocks. source