Applied Materials Inc (AMAT)

Applied Materials, Inc. provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries in the United States, China, Korea, Taiwan, Japan, Southeast Asia, Europe, and internationally. The company operates through Semiconductor Systems and Applied Global Services (AGS) segments. The Semiconductor Systems segment includes semiconductor capital equipment to enable materials engineering steps, including etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The AGS segment offers integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, and 200 millimeter and other equipment and factory automation software for semiconductor and other products. It serves manufacturers of semiconductor wafers and chips, and other electronic devices. Applied Materials, Inc. was incorporated in 1967 and is headquartered in Santa Clara, California.

Symbol: AMAT
Exchange: Nasdaq
Sector: Technology
Industry: Semiconductor Equipment & Materials
Market cap: $418.30B
52 week range: 203.4 - 739.67

Valuation

Share price: $529.30 (close of 2026-10-01)
P/E (TTM): 45.20x
Price to book: 16.32x
Price to free cash flow: 74.39x
Enterprise value: $416.41B
Book value per share: $32.29

Price performance

Period	Change
1 day	+3.50%
5 days	+11.61%
1 month	+19.79%
3 months	-18.68%
6 months	+49.60%
Year to date	+105.96%
1 year	+143.09%
3 years	+282.31%
5 years	+309.89%
10 years	+1655.56%

Members of Congress who disclosed AMAT trades

Jefferson Shreve · Jared Moskowitz · John Boozman · Marjorie Taylor Greene · Markwayne Mullin · Dan Newhouse · Lisa McClain · Alan Armstrong · Angus King · Ashley Moody · John McGuire · Josh Gottheimer

And 2 others

Super investors holding AMAT

Philippe Laffont (Coatue Management) · Chase Coleman (Tiger Global Management) · Stephen Mandel (Lone Pine Capital LLC) · Ken Griffin (Citadel) · John Armitage (Egerton Capital (UK) LLP) · Ray Dalio (Bridgewater Associates) · William Von Mueffling (Cantillon Capital Management LLC) · David Katz (Matrix Asset Advisors Inc)

Profitability and growth

Return on equity: 34.28%
Return on invested capital: 31.84%
Return on assets: 19.28%
Return on capital employed: 29.29%
Gross margin: 48.67%
Net margin: 24.67%
EBITDA margin: 30.75%
Revenue growth: 4.39%
Net income growth: -2.49%
Free cash flow growth: -23.89%

Cash flow and balance sheet

Free cash flow yield (TTM): 1.34%
Current ratio: 2.42x
Net debt to EBITDA: -0.16x

Latest reported year

Period end: 2025-10-26
Fiscal year: 2025
Revenue: $28.37B
Cost of revenue: $14.56B
Gross profit: $13.81B
EBITDA: $8.72B
Net income: $7.00B
Earnings per share: $8.71
Research and development: $3.57B
Shares outstanding: 804.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-10-26	$28.37B	$13.81B	$7.00B	$8.71
2024-10-27	$27.18B	$12.90B	$7.18B	$8.68
2023-10-29	$26.52B	$12.38B	$6.86B	$8.16
2022-10-30	$25.79B	$11.99B	$6.53B	$7.49
2021-10-31	$23.06B	$10.91B	$5.89B	$6.47
2020-10-25	$17.20B	$7.69B	$3.62B	$3.95
2019-10-27	$14.61B	$6.39B	$2.71B	$2.89
2018-10-28	$16.70B	$7.52B	$3.04B	$3.00
2017-10-29	$14.70B	$6.61B	$3.52B	$3.28
2016-10-30	$10.82B	$4.51B	$1.72B	$1.56

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-10-26	48.67%	24.67%	34.28%	31.84%
2024-10-27	47.46%	26.41%	37.77%	42.71%
2023-10-29	46.70%	25.86%	41.94%	43.89%
2022-10-30	46.51%	25.31%	53.51%	43.48%
2021-10-31	47.32%	25.53%	48.08%	47.89%
2020-10-25	44.72%	21.04%	34.21%	36.20%
2019-10-27	43.72%	18.52%	32.94%	28.13%
2018-10-28	45.00%	18.19%	44.38%	38.56%
2017-10-29	44.99%	23.94%	36.54%	47.52%
2016-10-30	41.67%	15.90%	23.22%	26.61%

Cash and debt by year

Period end	Cash	Debt
2025-10-26	$8.57B	$6.46B
2024-10-27	$9.47B	$5.46B
2023-10-29	$6.87B	$5.46B
2022-10-30	$2.58B	$5.46B
2021-10-31	$5.46B	$5.45B
2020-10-25	$5.74B	$5.45B
2019-10-27	$3.62B	$4.71B
2018-10-28	$4.03B	$5.31B
2017-10-29	$7.28B	$5.30B
2016-10-30	$3.75B	$3.13B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-10-26	$5.70B	$668.00M
2024-10-27	$7.49B	$577.00M
2023-10-29	$7.59B	$490.00M
2022-10-30	$4.61B	$413.00M
2021-10-31	$4.77B	$346.00M
2020-10-25	$3.38B	$307.00M
2019-10-27	$2.81B	$263.00M
2018-10-28	$3.17B	$258.00M
2017-10-29	$3.44B	$220.00M
2016-10-30	$2.31B	$201.00M