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As of Q1'26 (2026-01-25), AMAT's EV/Sales ratio stands at 36.03, marking the highest value in the observed period. This latest data point reflects a significant increase from the previous quarter, where the ratio was 30.13. From Q2'23 to Q1'26, the EV/Sales ratio for AMAT has shown notable volatility, with a general upward trend. After a steady climb from 17.39 in Q2'23 to a peak of 26.92 in Q2'24, the ratio experienced a brief decline, reaching 17.56 in Q3'25. However, a sharp surge occurred in the following quarters, culminating in the current high of 36.03. This pattern suggests periods of both correction and rapid valuation expansion over the nearly three-year timeframe.