AMAT vs. CBRS: Applied Materials vs. Cerebras Systems Stock Comparison

Company Profile

Applied Materials (AMAT) and Cerebras Systems (CBRS) both belong to the Semiconductors & Semiconductor Equipment industry, though AMAT is classified under Semiconductor Materials & Equipment while CBRS falls under Semiconductors.

Applied Materials (AMAT) has been public since March 17, 1980, giving it decades of market history across multiple cycles, while Cerebras Systems (CBRS) listed only on May 14, 2026 and lacks comparable through-cycle data.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Both AMAT and CBRS need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Profitability

Capital efficiency shows on one side only: Applied Materials (AMAT) earns 41.07% on shareholders’ equity, ranked against its industry; Cerebras Systems (CBRS) has no ROE this period.

Cerebras Systems (CBRS) reports a negative net margin of -75.27%, usually indicating a net loss over the period. Meanwhile Applied Materials (AMAT) reports 30.05%, ranking against industry peers normally.

Cerebras Systems (CBRS) reports a negative operating margin of -264.97%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Applied Materials (AMAT) reports 33.74%, ranking against industry peers normally.

Profitability Metrics

Growth

Cerebras Systems (CBRS) at 75.71% clears its industry range for revenue growth, far stronger top-line momentum than Applied Materials (AMAT) at 4.39%, which is closer to a typical peer reading.

Only one side can be read here: Applied Materials (AMAT) reports EPS growth of 0.58%, ranked against its industry; Cerebras Systems (CBRS) has no EPS growth figure this period.

Growth Metrics

Financial Strength

Applied Materials (AMAT) at 2.42 keeps current ratio within its industry’s typical mid-range, while Cerebras Systems (CBRS) at 5.83 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

Both Applied Materials (AMAT) at 0.29 and Cerebras Systems (CBRS) at 0.16 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

Financial Strength Metrics

Dividends

Cerebras Systems (CBRS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Applied Materials (AMAT) reports a yield of 0.62%, ranking against industry peers normally.

Cerebras Systems (CBRS) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Applied Materials (AMAT) reports a payout of 16.48%, ranking against industry peers normally.

Dividend Metrics

Valuation

An earnings multiple is available for just one side: Applied Materials (AMAT) trades at 28.71 times trailing earnings, ranked against its peers, while Cerebras Systems (CBRS) has no P/E ratio this period.

Applied Materials (AMAT) at 8.56 prices around its industry’s typical P/S ratio, while Cerebras Systems (CBRS) at 31.30 clears its benchmark range — CBRS looks notably rich on sales.

Cerebras Systems (CBRS) at 2.23 looks cheap against book in the lower P/B ratio quartile, while Applied Materials (AMAT) at 10.30 carries a premium in the upper quartile — a clear price-to-book gap.

Valuation Metrics