★ WIDE MOAT STOCKS COMPARISON ★

Checking

Stock Comparison

Tokyo Electron Limited vs Applied Materials, Inc.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Tokyo Electron Limited

8035 · Tokyo Stock Exchange

Market cap (USD)$220.3B
Gross margin (TTM)45.3%
Operating margin (TTM)25.6%
Net margin (TTM)23.5%
SectorTechnology
IndustrySemiconductors
CountryJP
Data as of2026-07-12
Moat score
86/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Tokyo Electron Limited's moat claims, evidence, and risks.

View 8035 analysis

Applied Materials, Inc.

AMAT · The Nasdaq Stock Market LLC

Market cap (USD)$574B
Gross margin (TTM)49%
Operating margin (TTM)29.5%
Net margin (TTM)29.3%
SectorTechnology
IndustrySemiconductors
CountryUS
Data as of2026-07-12
Moat score
87/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Applied Materials, Inc.'s moat claims, evidence, and risks.

View AMAT analysis

Comparison highlights

  • Moat score gap: Applied Materials, Inc. leads (87 / 100 vs 86 / 100 for Tokyo Electron Limited).
  • Segment focus: Tokyo Electron Limited has 3 segments (25.6% in Field Solutions (Spare Parts, Repairs, Upgrades, On-site Service, Used Tools)); Applied Materials, Inc. has 3 segments (74.4% in Semiconductor Systems).
  • Primary market structure: Quasi-Monopoly vs Oligopoly. Pricing power: Strong vs Moderate.
  • Moat breadth: Tokyo Electron Limited has 3 moat types across 2 domains; Applied Materials, Inc. has 5 across 2.

Primary market context

Tokyo Electron Limited

Field Solutions (Spare Parts, Repairs, Upgrades, On-site Service, Used Tools)

Market

Aftermarket services, upgrades and genuine spare parts for TEL-installed semiconductor equipment

Geography

Global

Customer

Semiconductor fabs

Role

OEM service/parts provider

Revenue share

25.6%

Applied Materials, Inc.

Semiconductor Systems

Market

Wafer fabrication equipment (WFE) and adjacent front-end process equipment (deposition, etch, CMP, metrology/inspection) plus advanced packaging tools

Geography

Global

Customer

Semiconductor manufacturers (foundry, logic, memory) and advanced packaging providers

Role

OEM equipment supplier

Revenue share

74.4%

Side-by-side metrics

Tokyo Electron Limited
Applied Materials, Inc.
Ticker / Exchange
8035 - Tokyo Stock Exchange
AMAT - The Nasdaq Stock Market LLC
Market cap (USD)
$220.3B
$574B
Gross margin (TTM)
45.3%
49%
Operating margin (TTM)
25.6%
29.5%
Net margin (TTM)
23.5%
29.3%
Sector
Technology
Technology
Industry
Semiconductors
Semiconductors
HQ country
JP
US
Primary segment
Field Solutions (Spare Parts, Repairs, Upgrades, On-site Service, Used Tools)
Semiconductor Systems
Market structure
Quasi-Monopoly
Oligopoly
Market share
n/a
16%-20% (implied)
HHI estimate
n/a
n/a
Pricing power
Strong
Moderate
Moat score
86 / 100
87 / 100
Moat domains
Demand, Supply
Supply, Demand
Last update
2026-07-12
2026-07-12

Moat coverage

Shared moat types

Design In QualificationInstalled Base ConsumablesService Field Network

Tokyo Electron Limited strengths

No unique moat types yet.

Applied Materials, Inc. strengths

Scope EconomiesCapex Knowhow Scale

Segment mix

Tokyo Electron Limited segments

Full profile >

Coater/Developer (Lithography Track) Systems

Quasi-Monopoly

n/a

Wafer Fab Process Tools (Etch/Cleaning/Deposition/Thermal/Bonding/Probing)

Oligopoly

n/a

Field Solutions (Spare Parts, Repairs, Upgrades, On-site Service, Used Tools)

Quasi-Monopoly

25.6%

Applied Materials, Inc. segments

Full profile >

Semiconductor Systems

Oligopoly

74.4%

Applied Global Services (AGS)

Competitive

21.6%

Other

Competitive

4%

Act on this comparison

Turn a two-stock debate into a systemSee the systematic rankings that surface stocks like 8035 and AMAT, with backtests and current holdings.

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

View the moat stocks list

Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

View expansion-stage stocks

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.