11 Best Semiconductor Stocks with Huge Upside Potential

7. Applied Materials, Inc. (NASDAQ:AMAT) 

Analysts’ Upside Potential as of September 12: 17.55%

Applied Materials, Inc. (NASDAQ:AMAT) reported record-breaking Q3 FY2025 revenue of $7.30 billion, an 8% rise year on year. The operating margin was 30.6%, and the GAAP gross margin was 48.8%. Non-GAAP EPS reached a record $2.48, rising 17% year over year, while GAAP EPS was $2.22. Net income grew by 4% to $1.78 billion.

Applied Materials, Inc. (NASDAQ:AMAT)’s CEO, Gary Dickerson, stated that the company is on target to boost its sales for the sixth year in a row. However, he also noted that there is uncertainty due to macroeconomic and policy variables, such as demand from China. Brice Hill, the CFO, forecasted Q4 revenue of $6.7 billion ± $500 million and non-GAAP EPS of $2.11 ± $0.20, pointing to China’s capacity digestion and inconsistent demand from clients. Management stressed a stable supply chain, solid customer connections, and long-term confidence in semiconductor growth even with short-term challenges. It is among the Stocks with Biggest Upside.