VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

Applied Materials, Inc. vs ASML Holding N.V.

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

Applied Materials, Inc.

AMAT · The Nasdaq Stock Market LLC

Market cap (USD)$356.1B
Gross margin (TTM)49%
Operating margin (TTM)29.5%
Net margin (TTM)29.3%
SectorTechnology
IndustrySemiconductors
CountryUS
Data as of2026-05-27
Moat score
76/ 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

ASML Holding N.V.

ASML · Euronext Amsterdam

Market cap (USD)$617B
Gross margin (TTM)52.6%
Operating margin (TTM)34.8%
Net margin (TTM)29.7%
SectorTechnology
IndustrySemiconductors
CountryNL
Data as of2026-05-26
Moat score
75/ 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 ASML Holding N.V.'s moat claims, evidence, and risks.

View ASML analysis

Comparison highlights

  • Moat score gap: Applied Materials, Inc. leads (76 / 100 vs 75 / 100 for ASML Holding N.V.).
  • Segment focus: Applied Materials, Inc. has 2 segments (74.4% in Semiconductor Systems); ASML Holding N.V. has 4 segments (36.7% in DUV lithography systems).
  • Moat breadth: Applied Materials, Inc. has 7 moat types across 3 domains; ASML Holding N.V. has 7 across 3.

Primary market context

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%

ASML Holding N.V.

DUV lithography systems

Market

Deep ultraviolet (DUV) lithography systems

Geography

Global

Customer

Logic, memory, and specialty semiconductor fabs

Role

Wafer fab equipment (WFE) supplier

Revenue share

36.7%

Side-by-side metrics

Applied Materials, Inc.
ASML Holding N.V.
Ticker / Exchange
AMAT - The Nasdaq Stock Market LLC
ASML - Euronext Amsterdam
Market cap (USD)
$356.1B
$617B
Gross margin (TTM)
49%
52.6%
Operating margin (TTM)
29.5%
34.8%
Net margin (TTM)
29.3%
29.7%
Sector
Technology
Technology
Industry
Semiconductors
Semiconductors
HQ country
US
NL
Primary segment
Semiconductor Systems
DUV lithography systems
Market structure
Oligopoly
Oligopoly
Market share
16%-20% (implied)
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
76 / 100
75 / 100
Moat domains
Supply, Demand, Legal
Supply, Demand, Network
Last update
2026-05-27
2026-05-26

Moat coverage

Shared moat types

Capex Knowhow ScaleInstalled Base ConsumablesService Field Network

Applied Materials, Inc. strengths

Scope EconomiesDesign In QualificationIP Choke PointLong Term Contracts

ASML Holding N.V. strengths

Supply Chain ControlBrand TrustSwitching Costs GeneralEcosystem Complements

Segment mix

Applied Materials, Inc. segments

Full profile >

Semiconductor Systems

Oligopoly

74.4%

Applied Global Services (AGS)

Competitive

21.6%

ASML Holding N.V. segments

Full profile >

EUV lithography systems (incl. High-NA)

Monopoly

35.5%

DUV lithography systems

Oligopoly

36.7%

Applications, metrology and inspection

Oligopoly

2.5%

Installed Base Management (service, upgrades, field options)

Quasi-Monopoly

25.1%

Want the full wide moat stocks list?

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

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

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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.