As of Q1'26, AMAT's P/S Ratio has surged to 36.13, marking a dramatic increase from the previous quarter's value of 7.25. This latest data point is a significant outlier compared to the historical range observed over the past three years. From Q2'23 to Q4'25, the P/S Ratio generally fluctuated between 4.29 and 7.25, displaying moderate volatility but remaining within a relatively narrow band. The sudden spike in Q1'26 represents a sharp deviation from this established trend, suggesting either a substantial increase in market capitalization or a decrease in revenue, and warrants further investigation into the underlying drivers of this abrupt change.