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Applied Materials Inc. (AMAT)

Applied Materials designs, develops, produces and services the wafer fabrication tools semiconductor manufacturers use to make chips. The chips its customers make go into personal computing devices, mobile phones, AI and data centre servers, automobiles, connected devices, industrial applications and consumer electronics. The company was incorporated in 1967 as a Delaware corporation, and its fiscal year ends on the last Sunday in October. There are two reportable segments, Semiconductor Systems and Applied Global Services, with the display business and other activities reported in Corporate and Other.

Applied Materials Inc.

Applied Materials designs, develops, produces and services the wafer fabrication tools semiconductor manufacturers use to make chips. The chips its customers make go into personal computing devices, mobile phones, AI and data centre servers, automobiles, connected devices, industrial applications and consumer electronics. The company was incorporated in 1967 as a Delaware corporation, and its fiscal year ends on the last Sunday in October. There are two reportable segments, Semiconductor Systems and Applied Global Services, with the display business and other activities reported in Corporate and Other.

Semiconductor Systems

This segment designs, develops, manufactures and sells the equipment used to fabricate chips. Its products cover steps across materials engineering, process control and advanced packaging: converting patterns into device structures, transistor and interconnect fabrication, metrology, inspection and review, and packaging technologies for connecting finished die. Beyond supplying equipment for individual process steps, the company combines and integrates its technologies into single solutions.

The patterning systems address shrinking pattern dimensions and the vertical stacking in advanced devices. The transistor and interconnect products work on the power and performance of 3D transistors. The process control systems use optical and eBeam technologies so a customer can inspect and review chip architectures through the manufacturing process, which helps yield. The advanced packaging systems let a customer connect multiple chips through heterogeneous integration, taking a design beyond a single chip.

The filing states that sales go to three customer markets: foundry, logic and other; dynamic random access memory; and flash memory. Foundry, logic and other splits into what it describes as leading-edge, being customers producing on the most advanced technology nodes, defined as 7 nanometers and smaller, and non-leading edge, which serves internet of things, communications, automotive, power and sensors.

Applied Global Services

This segment provides services, spares and factory automation software to customer fabrication plants globally, bought on transactional and subscription terms to keep the installed base of equipment running and to improve plant performance and productivity. Demand is met through a global distribution system and field engineers based near customer sites.

Through 26 October 2025 the segment also made and sold 200 millimetre and other equipment to customers the filing describes as serving non-leading-edge markets. The filing states that from the first quarter of fiscal 2026 the 200 millimetre equipment business moves into Semiconductor Systems.

The order book

Backlog covers orders for which written authorisations have been accepted or shipment has occurred without revenue being recognised, plus contractual service revenue and maintenance fees. At 26 October 2025 it stood at $15,002 million, split $7,105 million in Semiconductor Systems, being 47%, $7,141 million in Applied Global Services, 48%, and $756 million in Corporate and Other, 5%. Approximately 31% of that total is not reasonably expected to be filled within the next 12 months. The filing cautions that backlog on any particular date is not necessarily indicative of actual sales for any future period, since orders can be amended or cancelled, deliveries delayed, and export rules changed.

How it is made and sold

Manufacturing is mainly assembly, integration and test of proprietary and commercial parts, components and subassemblies, run on a distributed model across the United States, Singapore, Japan, China, Korea, Taiwan, Israel and other countries in Asia and Europe, using qualified vendors including contract manufacturers. The filing notes that while it makes reasonable efforts to keep parts available from multiple qualified suppliers, some key parts come from a single qualified supplier or a limited group.

Product development and engineering and process support run primarily in the United States, India and Israel, and customer demonstrations primarily in the United States, China, Taiwan, Israel and South Korea. Because the products are highly technical, they are marketed and sold worldwide almost entirely through a direct sales force. The business depends on capital equipment investment by semiconductor and other manufacturers, whose spending turns on general economic conditions, expected demand and pricing for semiconductors, new technology, factory utilisation, capital resources and financing, trade policies and export regulations, and government incentives. During fiscal 2025 two customers accounted for approximately 19% and 15% of net revenue.

From Applied Materials' annual report on Form 10-K for the year ended 26 October 2025. The filing

Compare with another name What $10,000 in Applied Materials became

Next results: 12 Nov 2026, announced by the company (its release). Earnings calendar

Latest results

Latest quarterQ3 FY2026ended 26 July 2026 · 10-Q filed 20 August 2026
Revenue
$9.1 billion
+24.8% on the year · +15.2% on the quarter
Q4 FY2024Q3 FY2026
Net income
$2.5 billion
+42.7% on the year · -9.6% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$3.17
+42.8% on the year · -9.7% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 26 October 2025 · 10-K filed 12 December 2025
Revenue
$28.4 billion
+4.4% on the year
FY2018FY2025
Net income
$7.0 billion
-2.5% on the year
FY2018FY2025
Diluted EPS
$8.66
+0.6% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsApplied Materials (AMAT) reported revenue of $28.4 billion for fiscal 2025, the year ended 26 October 2025, up 4.4% on the year before. Net income was $7.0 billion and diluted earnings per share $8.66. Revenue was $27.2 billion in fiscal 2024, $26.5 billion in fiscal 2023, $25.8 billion in fiscal 2022 and $23.1 billion in fiscal 2021. Net income in the same years was $7.2 billion, $6.9 billion, $6.5 billion and $5.9 billion. Over the twelve months to 26 July 2026, Applied Materials reported revenue of $30.8 billion and net income of $9.3 billion. Revenue grew 10.5% a year, compounded, over the five years to fiscal 2025. Applied Materials declared $1.98 a share in dividends over the last four quarters and had 794 million shares outstanding at the latest filed count. At 26 July 2026 it carried $6.5 billion of debt and $7.0 billion of cash. At the close of 6 November 2026 the market cap of Applied Materials was $264.0 billion, 28.7 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE36.2%
ROCE28.4%
Operating margin29.6%
Net margin30.1%
FCF margin18.2%
Interest cover33.0x
Debt to equity0.26x
Cash conversion0.91x
Share count, last 12 months-0.4%
Sales CAGR, 3 years3.2%
Profit CAGR, 3 years2.4%
EPS, TTM$11.60

At the close of 6 November 2026

Price$332.72
Market cap$264.0 billion
Stock P/E28.7x
Price to book10.3x
EV / EBITDA27.3x
Dividend yield0.6%
Market cap / sales8.6x
52-week high$723.00
52-week low$220.23
Price, 1 year42.5%
Price CAGR, 3 years32.9%
Price CAGR, 5 years16.8%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Applied Materials Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
AMATgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue6,1236,2716,2456,5206,7496,7396,6306,4256,7236,7076,6466,7787,0457,1667,1007,3026,8007,0127,9109,115
Cost of revenue3,1783,3123,3183,5143,6483,5943,5363,4493,5543,5033,4933,5733,7103,6703,6153,7403,5353,5773,9634,529
Gross profit2,9452,9592,9273,0063,1013,1453,0942,9763,1693,2043,1533,2053,3353,4963,4853,5623,2653,4353,9474,586
Gross margin48%47%47%46%46%47%47%46%47%48%47%47%47%49%49%49%48%49%50%50%
R&D6226546867057267717757677897547858368588598939019179281,0271,100
SG&An/an/an/an/an/an/an/an/an/an/an/an/an/a462423428455411397411
Operating income2,0141,9761,8941,9241,9941,9701,9111,8021,9711,9671,9121,9422,0462,1752,1692,2331,7121,8312,5233,075
Operating margin33%32%30%30%30%29%29%28%29%29%29%29%29%30%31%31%25%26%32%34%
Interest expense57.057.058.056.057.059.061.060.058.059.059.063.066.064.068.066.071.069.069.068.0
Pre-tax income2,0061,9251,8641,8611,9491,9611,7771,8062,1722,3031,9941,9601,8952,1192,3222,5632,2672,3283,2252,907
Tax rate15%7%18%14%18%12%11%14%8%12%14%13%9%44%8%31%16%13%13%13%
Net income1,7121,7921,5361,6061,5911,7171,5751,5602,0042,0191,7221,7051,7311,1852,1371,7791,8972,0262,8062,538
Net margin28%29%25%25%24%25%24%24%30%30%26%25%25%17%30%24%28%29%35%28%
Diluted EPS$1.88$2.00$1.74$1.85$1.85$2.02$1.86$1.85$2.38$2.41$2.06$2.05$2.09$1.45$2.63$2.22$2.38$2.54$3.51$3.17
Operating cash flow1,1482,6584151,4698572,2702,2922,5831,5552,3251,3922,3852,5759251,5712,6342,8281,6868453,037
Capital expenditure206144210210223287255255309229257297407381510584785646635707
Free cash flow9422,5142051,2596341,9832,0372,3281,2462,0961,1352,0882,1685441,0612,0502,0431,0402102,330
Buybacks1,5001,8031,8001,0001,5002508004397007008208611,4421,3181,6701,056851337400440
Dividends paid216214211225223220219268268266266331329326325368365365365420
Shares outstanding892m883m870m860m844m845m840m837m833m831m828m824m818m812m802m797m793m794m794m794m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008FY2009 †FY2010 †FY2011 †FY2012FY2013FY2014FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue9,7358,1295,0149,54910,5178,7197,5099,0729,65910,82514,69816,70514,60817,20223,06325,78526,51727,17628,36830,837
Cost of revenue5,2424,6863,5835,8346,1575,4064,5185,2295,7076,3148,0869,1888,2229,51012,14913,79214,13314,27914,56015,604
Gross profit4,4923,4431,4313,7154,3603,3132,9913,8433,9524,5116,6127,5176,3867,69210,91411,99312,38412,89713,80815,233
Gross margin46.1%42.4%28.5%38.9%41.5%38.0%39.8%42.4%40.9%41.7%45.0%45.0%43.7%44.7%47.3%46.5%46.7%47.5%48.7%49.4%
Research and development1,1421,1049341,1441,1181,2371,3201,4281,4511,5401,7812,0192,0542,2342,4852,7713,1023,2333,5703,972
Selling, general and administrativen/an/a7359429011,076n/an/an/an/an/an/an/an/an/an/a1,6281,7971,7681,674
Operating income2,3721,355-3941,3842,3984114321,5201,6932,1523,9364,4913,3504,3656,8897,7887,6547,8678,2899,141
Operating margin24.4%16.7%-7.9%14.5%22.8%4.7%5.8%16.8%17.5%19.9%26.8%26.9%22.9%25.4%29.9%30.2%28.9%28.9%29.2%29.6%
Interest expense38.620.521.021.059.095.095.095.0103155198234237240236228238247269277
Pre-tax income2,4401,409-4861,3872,3783163501,4481,5982,0133,8164,3963,2694,1666,7717,5997,7168,1529,27110,727
Income tax729448-18144945220794.03762212922971,3585635478831,0748609752,2731,460
Effective tax rate29.9%31.8%n/a32.4%19.0%65.5%26.9%26.0%13.8%14.5%7.8%30.9%17.2%13.1%13.0%14.1%11.1%12.0%24.5%13.6%
Net income1,710961-3059381,9261092561,0721,3771,7213,5193,0382,7063,6195,8886,5256,8567,1776,9989,267
Net margin17.6%11.8%-6.1%9.8%18.3%1.3%3.4%11.8%14.3%15.9%23.9%18.2%18.5%21.0%25.5%25.3%25.9%26.4%24.7%30.1%
Diluted EPS$1.20$0.70-$0.23$0.70$1.45$0.09$0.21$0.87$1.12$1.54$3.25$2.96$2.86$3.92$6.40$7.44$8.11$8.61$8.66$11.60
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Semiconductor Systemsn/an/an/an/an/a5,9786,1356,8739,54410,5779,02711,36716,28618,79719,69819,91120,79876.5%
Applied Global Services1,3971,8652,4132,2852,0232,1142,4472,5893,0143,7543,8544,1555,0135,5435,7326,2256,38523.5%
Corporate and Othern/an/an/an/an/a132n/an/an/an/an/an/an/an/an/an/an/an/a
Display502899699473538n/an/an/an/an/an/an/an/a1,331868885n/an/a
Display and Adjacent Marketsn/an/an/an/an/a8489441,2062,0422,2981,6511,6071,634n/an/an/an/an/a
Energy and Environmental Solutions1,1551,4811,990425173n/an/an/an/an/an/an/an/an/an/an/an/an/a
Silicon Systems Group1,9605,3045,4155,5364,775n/an/an/an/an/an/an/an/an/an/an/an/an/a
Not assigned to a part in the filingn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a1,185n/a
Semiconductor Systems FY2014 to FY2025Applied Global ServicesDisplay FY2009 to FY2024Display and Adjacent Markets FY2014 to FY2021Corporate and Other FY2014Silicon Systems Group FY2009 to FY2013Energy and Environmental Solutions FY2009 to FY2013
9.5FY20107.5FY201310.7FY201614.5FY201925.7FY202227.2FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Not assigned to a part in the filing is the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Profit by segment FY2009 to FY2025

The operating profit each segment reports. Costs Applied Materials does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Semiconductor Systemsn/an/an/an/an/a1,3911,4101,8073,1773,4412,4643,7146,3116,7906,8796,9817,37935.5%
Applied Global Services1153374825024365386306828171,1021,1011,1271,5081,5551,5291,8121,79228.1%
Corporate and Othern/an/an/an/an/a-611n/an/an/an/an/an/an/an/an/an/an/an/a
Display512671472574n/an/an/an/an/an/an/an/a24311451n/an/a
Display and Adjacent Marketsn/an/an/an/an/a202191245585574294291314n/an/an/an/an/a
Energy and Environmental Solutions-234-466453-668-433n/an/an/an/an/an/an/an/an/an/an/an/an/a
Silicon Systems Group2011,8921,7641,243876n/an/an/an/an/an/an/an/an/an/an/an/an/a
Semiconductor Systems FY2014 to FY2025Silicon Systems Group FY2009 to FY2013Applied Global ServicesDisplay FY2009 to FY2024Display and Adjacent Markets FY2014 to FY2021Corporate and Other FY2014Energy and Environmental Solutions FY2009 to FY2013
2,030FY2010953FY20132,734FY20163,859FY20198,588FY20229,171FY2025

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Semiconductor Systems77%80%
Applied Global Services23%20%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by region FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
China6351,5572,5747837871,6081,6232,2592,7585,0474,2775,4567,5357,2547,24710,1178,52930.1%
Taiwan1,0262,7502,0932,4112,6402,7022,6002,8433,3692,5042,9653,9534,7426,2625,6704,0106,85724.2%
South Korea6641,7681,2631,8979249651,6541,8834,0873,5391,9293,0315,0124,3954,6094,4935,60819.8%
United Statesn/a1,1471,9631,7491,4731,9661,6301,1431,5121,4131,8711,6192,0383,1044,0063,8183,06310.8%
Japan7187689127046858171,0781,2791,5192,3962,1981,9961,9622,0122,0752,1542,2738.0%
Southeast Asia2525785923123203564328036257975484116771,0847581,1411,0763.8%
Europe7539811,1208636806586426158281,0098207361,0971,6742,1521,4439623.4%
North America966n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
ChinaTaiwanSouth KoreaUnited States FY2010 to FY2025JapanSoutheast AsiaEuropeNorth America FY2009
9.5FY20107.5FY201310.8FY201614.6FY201925.8FY202228.4FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2007FY2008FY2009 †FY2010 †FY2011 †FY2012FY2013FY2014FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow2,2091,7103331,7232,4261,8516231,8001,1632,5663,7893,7873,2473,8045,4425,3998,7008,6777,9588,396
Capital expenditure2652882491692091621972412152533456224414226687871,1061,1902,2602,773
Free cash flow1,9451,42383.71,5542,2171,6894261,5599482,3133,4443,1652,8063,3824,7744,6127,5947,4875,6985,623
Free cash flow margin20.0%17.5%1.7%16.3%21.1%19.4%5.7%17.2%9.8%21.4%23.4%18.9%19.2%19.7%20.7%17.9%28.6%27.6%20.1%18.2%
Cash from investing-977-76.0112-862707-4,660215-161-281-425-2,526571-443-130-1,216-1,357-1,535-2,327-2,782-3,291
Cash from financing-892-1,426-281-576960-1,754-519-348913-3,532341-5,928-3,115-1,337-4,591-7,043-3,032-4,470-5,977-3,465
Depreciation and amortisation268320291305246422410375371389407457363376394444515392435527
Share-based compensation161179147126146182162177187201220258263307346413490577668701
Buybacks1,3321,50023.03504681,4162450.01,3251,8921,1725,2832,4036493,7506,1032,1893,8234,8952,028
Dividends paid3063253203493974344564854874444306057717878388739751,1921,3841,515
Dividend per sharen/an/a$0.06$0.07n/an/an/a$0.10$0.10$0.10$0.10$0.70$0.83$0.87$0.94$1.02$1.22$1.52$1.78$1.98
Diluted shares, weighted1,427m1,375m1,333m1,349m1,330m1,277m1,219m1,231m1,226m1,116m1,084m1,026m945m923m919m877m845m834m808m800m
Shares outstanding at period endn/a1,331m1,341m1,328m1,306m1,197m1,204m1,221m1,160m1,078m1,060m967m916m914m892m844m833m818m793m794m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008FY2009 †FY2010 †FY2011 †FY2012FY2013FY2014FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity7,8217,5497,0957,5368,8007,2357,0887,8687,6137,4139,6306,8398,21410,57812,24712,19416,34919,00120,41525,626
Short-term borrowingsn/an/an/a0.0n/an/an/an/an/an/an/a0.0n/an/an/a0.0n/an/an/an/a
Debtn/a2032022061,9471,9461,9461,9474,5423,3255,3045,3095,3135,4485,4525,4575,5616,2596,5556,544
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a0.0195228287252259404682
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a0.0n/an/an/an/a
Other liabilitiesn/a3,2552,2783,2013,1142,9213,0093,3593,1533,8504,4855,4855,4976,1327,8988,7888,5678,8908,92510,670
Total liabilities and equityn/a11,0069,57410,94313,86112,10212,04313,17415,30814,58819,41917,63319,02422,35325,82526,72630,72934,40936,29943,522
Owned
Fixed assetsn/a1,0941,0909638669108508618929371,0661,4071,5291,6041,9342,3072,7233,3394,6105,606
Goodwilln/a1,1751,1711,3361,3353,5183,2943,3043,3023,3163,3683,3683,3993,4663,4793,7003,7323,7323,7073,873
Intangible assetsn/a3883062872111,3551,103951762575412213156153104339294249226315
Investmentsn/a2,0561,6912,0341,2141,6001,1851,0951,1141,2723,4092,1582,1921,9252,5192,5663,0184,2365,6597,464
Trading assetsn/an/an/an/an/an/an/an/an/an/an/an/a2,1921,9252,5192,566n/an/an/an/a
Cash and equivalents1,2031,4121,5761,8585,9601,3921,7113,0024,7973,4065,0103,4403,1295,3514,9951,9956,1328,0227,2417,037
Receivablesn/a1,6911,0411,8311,5321,2201,6331,6701,7392,2792,3382,3232,5332,9634,9536,0685,1655,2345,1857,691
Inventoryn/a1,9871,6271,5471,7011,2721,4131,5671,8332,0502,7073,7223,4743,9044,3095,9325,7255,4215,9156,564
Other assetsn/a1,2031,0711,0871,0428358547248697531,1091,0024201,0621,0131,2533,9404,1763,7564,972
Total assetsn/a11,0069,57410,94313,86112,10212,04313,17415,30814,58819,41917,63319,02422,35325,82526,72630,72934,40936,29943,522
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded11.4%10.5%3.2%7.8%
Profit growth, compounded17.7%14.1%2.4%35.6%
Return on equity, average38.7%43.1%38.0%34.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

When does Applied Materials report its next earnings?

Applied Materials has announced its next results for 12 Nov 2026.

What was Applied Materials' revenue in fiscal 2025?

Applied Materials (AMAT) reported revenue of $28.4 billion for fiscal 2025, the year ended 26 October 2025, up 4.4% on the year before.

How much did Applied Materials earn in fiscal 2025?

Net income was $7.0 billion for fiscal 2025, and diluted earnings per share $8.66.

What is Applied Materials' P/E ratio?

At the close of 6 November 2026, Applied Materials traded at 28.7 times its earnings over the twelve months to 26 July 2026.

What is Applied Materials' market cap?

The market cap of Applied Materials was $264.0 billion at the close of 6 November 2026.

Does Applied Materials pay a dividend?

Yes. Applied Materials declared $1.98 a share in dividends over the four quarters to 26 July 2026.

Peers: Electronic Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
NVIDIA Corp. NVDA$4.50 trillion23.6084.2%65.2%83.4%0.150.1%
Taiwan Semiconductor Manufacturing Company Limited TSM *$1.95 trillion37.3631.7%50.8%31.6%0.190.8%
Broadcom Inc. AVGO$1.40 trillion37.4738.4%48.0%48.7%0.610.9%
Micron Technology Inc. MU$780.6 billion9.3061.4%74.6%256.3%0.040.1%
Advanced Micro Devices Inc. AMD$734.2 billion97.3211.1%17.7%41.9%0.10n/a
Intel Corp. INTC$299.0 billionn/a-10.5%2.9%12.1%0.44n/a
Applied Materials Inc. AMAT$264.0 billion28.6836.2%29.6%7.8%0.260.6%
Texas Instruments Inc. TXN$252.9 billion35.9037.1%40.8%20.3%0.712.1%
Arm Holdings plc ARM *$185.7 billion205.3410.9%18.3%22.8%0.00n/a
Analog Devices Inc. ADI$175.9 billion43.0712.3%35.5%33.6%0.271.2%
Marvell Technology, Inc. MRVL$123.7 billion46.5614.2%16.5%30.6%0.270.2%
ASE Technology Holding Co., Ltd. ASX *$70.3 billion58.8911.7%8.0%8.4%0.741.1%
All 130 in Electronic Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
NVIDIA Corp. NVDA$4.50 trillion23.6084.2%65.2%83.4%0.150.1%
Taiwan Semiconductor Manufacturing Company Limited TSM *$1.95 trillion37.3631.7%50.8%31.6%0.190.8%
Broadcom Inc. AVGO$1.40 trillion37.4738.4%48.0%48.7%0.610.9%
Micron Technology Inc. MU$780.6 billion9.3061.4%74.6%256.3%0.040.1%
Advanced Micro Devices Inc. AMD$734.2 billion97.3211.1%17.7%41.9%0.10n/a
Intel Corp. INTC$299.0 billionn/a-10.5%2.9%12.1%0.44n/a
Applied Materials Inc. AMAT$264.0 billion28.6836.2%29.6%7.8%0.260.6%
Texas Instruments Inc. TXN$252.9 billion35.9037.1%40.8%20.3%0.712.1%
Arm Holdings plc ARM *$185.7 billion205.3410.9%18.3%22.8%0.00n/a
Amphenol Corp. APH$184.2 billion32.4334.6%27.7%57.6%1.040.7%
Qualcomm Inc. QCOM$177.6 billion13.0544.8%20.1%-2.6%0.502.2%
Analog Devices Inc. ADI$175.9 billion43.0712.3%35.5%33.6%0.271.2%
Marvell Technology, Inc. MRVL$123.7 billion46.5614.2%16.5%30.6%0.270.2%
Motorola Solutions, Inc. MSI$85.2 billion41.4067.9%24.2%11.4%3.290.9%
Northrop Grumman Corp. NOC$74.6 billion16.5924.2%10.6%6.5%0.811.8%
Vertiv Holdings Co. VRT$70.4 billion34.1738.1%20.1%35.3%0.530.1%
ASE Technology Holding Co., Ltd. ASX *$70.3 billion58.8911.7%8.0%8.4%0.741.1%
NXP Semiconductors N.V. NXPI$62.6 billion19.5126.7%33.0%14.6%0.911.6%
Monolithic Power Systems, Inc. MPWR$58.0 billion65.6023.9%29.5%40.5%0.000.6%
Garmin Ltd. GRMN$55.1 billion27.4221.1%28.8%13.6%0.001.4%
Lumentum Holdings Inc. LITE$48.7 billionn/a-143.9%23.5%103.2%0.31n/a
L3Harris Technologies, Inc. LHX$48.4 billion24.2610.1%10.7%7.3%0.541.9%
Nokia Corporation NOK *$42.7 billion57.113.1%4.4%3.5%0.162.0%
STMicroelectronics N.V. STM *$37.1 billion231.690.9%1.5%-11.1%0.120.9%
Ubiquiti Inc. UI$35.9 billion33.4763.7%36.9%29.4%0.000.6%
United Microelectronics Corporation UMC *$34.9 billion27.6111.0%18.5%2.3%0.17n/a
Telefonaktiebolaget LM Ericsson ERIC *$34.6 billion11.8526.0%16.3%-4.5%0.302.8%
Ciena Corp. CIEN$34.5 billion54.2521.4%12.3%32.6%1.06n/a
Astera Labs, Inc. ALAB$33.3 billion75.8523.1%25.5%115.2%0.00n/a
Microchip Technology Inc. MCHP$31.8 billion44.2012.6%20.9%33.0%0.833.1%
Teledyne Technologies Inc. TDY$28.6 billion28.279.2%20.0%8.6%0.18n/a
Celestica Inc. CLS$26.1 billion19.5520.0%8.3%61.6%0.13n/a
Flex Ltd. FLEX$25.8 billion25.1817.9%5.1%17.5%0.90n/a
Jabil Inc. JBL$25.0 billion24.4364.6%4.7%20.6%2.090.1%
ON Semiconductor Corp. ON$24.7 billion36.879.1%12.3%2.9%0.60n/a
Qnity Electronics, Inc. Q$24.4 billion43.967.4%n/an/a0.530.1%
Hubbell Inc. HUBB$22.7 billion25.1822.1%20.1%16.0%1.251.3%
Credo Technology Group Holding Ltd. CRDO$22.6 billion42.7719.7%31.7%165.1%0.00n/a
First Solar, Inc. FSLR$21.6 billion11.6417.1%37.7%-0.7%0.01n/a
Cerebras Systems Inc. CBRS$21.3 billionn/an/an/an/a0.10n/a
Macom Technology Solutions Holdings, Inc. MTSI$16.1 billion67.7915.6%18.1%28.4%0.22n/a
Nextpower Inc. NXT$15.8 billion26.4323.2%19.0%13.7%0.00n/a
Lattice Semiconductor Corp. LSCC$14.9 billion328.113.2%9.1%63.4%0.61n/a
Sitime Corp. SITM$12.6 billion443.470.8%0.9%142.6%0.38n/a
Skyworks Solutions, Inc. SWKS$12.4 billion42.585.1%7.6%0.1%0.093.5%
Fabrinet FN$11.7 billion24.6719.1%10.0%43.0%0.03n/a
Semtech Corp. SMTC$9.6 billion68.4420.6%8.0%17.8%0.66n/a
Leonardo Drs, Inc. DRS$9.1 billion25.0512.6%10.8%8.9%0.061.1%
Amkor Technology, Inc. AMKR$8.1 billion13.2312.9%9.5%15.7%0.521.0%
Rambus Inc. RMBS$8.0 billion30.6718.8%36.3%17.3%0.00n/a
Advanced Energy Industries Inc. AEIS$7.9 billion28.3118.2%16.0%31.7%0.800.2%
Silicon Laboratories Inc. SLAB$7.4 billionn/a-3.6%-5.1%21.7%0.00n/a
Sanmina Corp. SANM$7.2 billion24.0911.2%4.2%58.6%0.79n/a
TTM Technologies Inc. TTMI$7.0 billion26.5013.1%11.1%37.6%0.80n/a
Viavi Solutions Inc. VIAV$7.0 billion118.625.1%10.6%47.4%0.49n/a
Formfactor Inc. FORM$6.4 billion37.0414.7%18.3%29.1%0.01n/a
Esco Technologies Inc. ESE$6.0 billion18.9819.5%14.2%24.0%0.050.1%
Cirrus Logic, Inc. CRUS$5.7 billion14.3518.9%22.5%5.1%0.00n/a
Impinj Inc. PI$5.3 billionn/a-3.1%-0.7%7.7%0.62n/a
Allegro Microsystems, Inc. ALGM$5.2 billion187.673.1%7.5%27.9%0.28n/a
Plexus Corp. PLXS$5.1 billionn/an/an/an/a0.18n/a
Synaptics Inc. SYNA$4.6 billionn/a-53.2%-4.7%8.1%0.91n/a
Planet Labs PBC PL$4.6 billionn/a-63.8%-27.2%44.1%0.79n/a
Applied Optoelectronics, Inc. AAOI$4.5 billionn/a-1.5%-6.8%77.2%0.10n/a
Maxlinear, Inc. MXL$4.5 billionn/a-5.5%-0.9%56.0%0.31n/a
Mercury Systems Inc. MRCY$4.4 billionn/a-2.0%0.0%7.9%0.29n/a
Universal Display Corp. OLED$4.0 billion17.9013.8%34.6%-1.9%n/a2.2%
Enphase Energy, Inc. ENPH$3.8 billion42.497.3%4.2%-19.9%0.46n/a
Vishay Intertechnology Inc. VSH$3.7 billion37.563.2%5.2%17.6%0.251.7%
Diodes Inc. DIOD$3.5 billion31.145.9%7.3%24.2%0.21n/a
Kulicke & Soffa Industries Inc. KLIC$3.3 billion29.4912.7%13.2%44.4%0.001.3%
OSI Systems Inc. OSIS$3.1 billion21.0620.3%12.2%2.9%1.28n/a
Ondas Inc. ONDS$2.8 billionn/a10.6%-140.4%979.3%0.00n/a
IPG Photonics Corp. IPGP$2.8 billion69.601.9%1.9%14.8%0.00n/a
Ambarella Inc. AMBA$2.6 billionn/a-9.1%-14.9%20.0%0.00n/a
AXT Inc. AXTI$2.6 billion1,944.500.5%3.1%45.8%0.09n/a
Penguin Solutions, Inc. PENG$2.5 billion16.0734.7%9.6%26.5%1.51n/a
Intuitive Machines, Inc. LUNR$2.4 billionn/an/a-27.5%116.5%n/an/a
Power Integrations Inc. POWI$2.3 billion51.016.4%8.4%2.3%0.002.1%
Nlight, Inc. LASR$2.2 billionn/a-2.9%-6.0%39.6%0.00n/a
Benchmark Electronics Inc. BHE$2.2 billion38.945.0%3.5%12.9%0.141.1%
Ultra Clean Holdings, Inc. UCTT$1.9 billion72.113.7%4.3%15.8%0.87n/a
Vicor Corp. VICR$1.7 billion38.5519.9%24.9%27.0%0.00n/a
Solaredge Technologies, Inc. SEDG$1.7 billionn/a-54.0%-9.2%29.3%0.79n/a
Shoals Technologies Group, Inc. SHLS$1.7 billion43.835.9%11.2%49.2%0.26n/a
CTS Corp. CTS$1.7 billion22.8912.6%17.0%7.4%0.090.3%
Photronics Inc. PLAB$1.6 billion9.6412.9%22.5%1.2%0.00n/a
Navitas Semiconductor Corp. NVTS$1.6 billionn/a-42.9%-323.5%-28.6%0.00n/a
Nextnav Inc. NN$1.4 billionn/a-33.4%-1,900.4%-36.5%0.00n/a
Wolfspeed, Inc. WOLF$1.3 billionn/a-69.6%-80.3%-18.0%2.09n/a
Ichor Holdings, Ltd. ICHR$1.2 billion620.000.4%1.7%15.2%0.13n/a
Napco Security Technologies, Inc. NSSC$1.1 billion24.6022.1%22.7%8.7%0.002.0%
Harmonic Inc. HLIT$1.0 billionn/an/an/an/a0.09n/a
Ambiq Micro, Inc. AMBQ$930 millionn/a-9.1%-43.3%n/a0.00n/a
Array Technologies, Inc. ARRY$901 millionn/an/a-5.1%1.2%n/an/a
Arteris, Inc. AIP$884 millionn/a-63.3%-46.2%41.0%n/an/a
BlackSky Technology Inc. BKSY$876 millionn/a-14.0%-22.8%29.9%0.96n/a
Varex Imaging Corp. VREX$778 million35.484.5%8.3%5.3%0.70n/a
Alpha & Omega Semiconductor Ltd. AOSL$712 millionn/a-5.8%-7.1%-3.2%0.000.0%
T1 Energy Inc. TE$662 millionn/a-190.1%-22.4%427.0%2.730.0%
Unusual Machines, Inc. UMAC$594 millionn/a-9.0%-76.1%425.2%0.00n/a
Kopin Corp. KOPN$547 million75.7511.5%-22.9%-7.1%0.00n/a
Vishay Precision Group, Inc. VPG$541 millionn/a-1.0%1.1%11.6%0.05n/a
Lightpath Technologies Inc. LPTH$494 millionn/a-13.7%-27.4%92.8%0.00n/a
Kimball Electronics, Inc. KE$462 million22.933.5%4.4%-1.5%0.40n/a
indie Semiconductor, Inc. INDI$436 millionn/a-52.5%-59.3%13.9%1.50n/a
Clearfield, Inc. CLFD$389 millionn/a-2.9%-0.2%-1.4%0.00n/a
Methode Electronics Inc. MEI$384 millionn/a-5.5%0.4%1.4%0.471.9%
NVE Corp. NVEC$368 million20.5730.8%61.6%24.1%0.005.3%
Adtran Holdings, Inc. ADTN$329 millionn/a-20.9%0.0%10.1%2.32n/a
Everspin Technologies Inc. MRAM$284 millionn/a-3.6%-15.5%20.9%0.010.0%
Turtle Beach Corp. TBCH$273 millionn/a-0.6%3.2%-13.0%0.93n/a
Nano Dimension Ltd. NNDM$262 millionn/a-34.4%-117.3%n/a0.04n/a
M-tron Industries, Inc. MPTI$261 million22.078.0%18.5%11.8%0.00n/a
BK Technologies Corp. BKTI$251 million19.5726.2%17.9%15.7%0.00n/a
Aviat Networks, Inc. AVNW$226 million93.110.9%4.4%1.2%0.36n/a
Vuzix Corp. VUZI$160 millionn/a-145.3%-521.9%6.8%0.00n/a
Quicklogic Corp. QUIK$147 millionn/an/an/an/a0.24n/a
Espey MFG & Electronics Corp. ESP$141 million12.0218.5%25.1%4.9%0.002.1%
Aeluma, Inc. ALMU$135 millionn/a-16.1%-228.3%-4.4%0.00n/a
Atomera Inc. ATOM$117 millionn/a-69.6%-10,969.4%476.3%0.00n/a
GSI Technology Inc. GSIT$116 millionn/a-22.8%-100.8%2.9%0.00n/a
GCT Semiconductor Holding, Inc. GCTS$106 millionn/an/a-852.0%-32.8%n/an/a
Magnachip Semiconductor Corp. MX$91 millionn/a-12.3%-24.2%-12.8%0.19n/a
R F Industries Ltd. RFIL$72 million30.146.3%4.6%13.0%0.15n/a
Kulr Technology Group, Inc. KULR$68 millionn/a-140.9%-270.6%24.6%0.28n/a
Inseego Corp. INSG$64 millionn/an/a-10.4%-3.6%n/an/a
AmpliTech Group, Inc. AMPG$59 millionn/a-17.1%-34.7%24.2%0.00n/a
Tigo Energy, Inc. TYGO$57 million4.3527.3%-3.7%15.3%0.05n/a
LGL Group Inc. LGL$43 millionn/a-0.5%-21.8%9.3%0.00n/a
72 companies share its SEC industry code (Semiconductors & Related Devices); the rest are the names nearest in size in its wider industry, Electronic Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on AMAT

Dividends$1.98 a share over the four quarters to 26 July 2026, a 0.60% yield
Filings16 in twelve months: 8 current reports (8-K), about 4 results of operations; 2 other events; 2 regulation FD disclosure; 1 officer or director change; 1 shareholder vote
Planned insider sales14 Form 144 notices in twelve months, $202.7 million; latest 8 September 2026
Options tapeput/call 1.16 by open interest at the 6 November 2026 close; the straddle prices a 10.8% move to 13 November 2026
13F holders3,529 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading45 sales and 0 purchases on Form 4 in twelve months
Congress7 House trades disclosed in six months
Short interest14.2 million shares short, 2.23 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q26 July 202620 August 2026EDGAR
10-Q26 April 202621 May 2026EDGAR
10-Q25 January 202619 February 2026EDGAR
10-K26 October 202512 December 2025EDGAR
10-Q27 July 202521 August 2025EDGAR
10-Q27 April 202522 May 2025EDGAR
10-Q26 January 202520 February 2025EDGAR
10-K27 October 202413 December 2024EDGAR
10-Q28 July 202422 August 2024EDGAR
10-Q28 April 202423 May 2024EDGAR

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