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Applied Materials, Inc. logo

Applied Materials, Inc.

AMAT

NASDAQTechnologySemiconductors

Open in GoAI

Previous close

$492.32

−$3.89 · -0.78%

Aug 21, 4:00 PM ET

Pre-market

$479.3

−$13.02 · -2.64%

Aug 24, 4:06 AM ET

AMAT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

66

Undervalued

Momentum

63

Gaining

Sentiment

49

Mixed

Risk resilience

50

Elevated Risk

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Company profile

Company website

Applied Materials, Inc. engages in provision of materials engineering solutions used to produce semiconductors. The firm also focuses on design, development, production, and servicing of the critical wafer fabrication tools used for customers to manufacture semiconductors. It operates through the following segments: Semiconductor Systems and Applied Global Services (AGS). The Semiconductor Systems segment includes designing, development, manufacturing and sale of equipment used to fabricate semiconductor chips referred to as integrated circuits. The AGS segment engages in provision of services, spares, and factory automation software to customer fabrication plants globally. The company was founded on November 10, 1967 and is headquartered in Santa Clara, CA.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
Gary E. Dickerson
Listed since
Mar 17, 1980
Employees
38,900

Market position

Day range

Current $492.32

52-week range

Current $492.32

Open
$503.5
Previous close
$496.21
Volume
5.53M
0.63× average
Average volume
8.82M
Average daily volume
Market cap
390.88B USD
Beta
1.62
Market reference 1
50-day average
$560.71
-12.20% below average
200-day average
$395.51
+24.48% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
185.8B USD
P/E (TTM)
42.19×
P/B (TTM)
15.25×
P/S (TTM)
12.68×
EV / EBITDA
19.25×
Earnings yield
3.76%
Free cash flow yield
3.06%
Dividend yield
0.40%

Profitability & efficiency

Gross margin
49.40%
Operating margin
30.50%
Net margin
30.05%
Return on equity
34.28%
Return on assets
19.28%
Return on invested capital
21.96%

Financial health

Debt / equity
0.29×
Current ratio
2.61×
Altman Z-score
17.03
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends51%41%32%22%Gross margin, FY2021: 47.32%Gross margin, FY2022: 46.51%Gross margin, FY2023: 46.70%Gross margin, FY2024: 47.46%Gross margin, FY2025: 48.67%Operating margin, FY2021: 29.87%Operating margin, FY2022: 30.20%Operating margin, FY2023: 28.86%Operating margin, FY2024: 28.95%Operating margin, FY2025: 29.22%Net margin, FY2021: 25.53%Net margin, FY2022: 25.31%Net margin, FY2023: 25.86%Net margin, FY2024: 26.41%Net margin, FY2025: 24.67%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 47.32%. Gross margin FY2022 46.51%. Gross margin FY2023 46.70%. Gross margin FY2024 47.46%. Gross margin FY2025 48.67%. Operating margin FY2021 29.87%. Operating margin FY2022 30.20%. Operating margin FY2023 28.86%. Operating margin FY2024 28.95%. Operating margin FY2025 29.22%. Net margin FY2021 25.53%. Net margin FY2022 25.31%. Net margin FY2023 25.86%. Net margin FY2024 26.41%. Net margin FY2025 24.67%.

Income trends

Revenue

28.37B USD+4.39%

Operating income

8.29B USD+5.36%

Net income

7B USD-2.49%
Income trends across reported periods30.62B USD21.62B USD12.63B USD3.64B USDRevenue, FY2021: 23.06B USDRevenue, FY2022: 25.79B USDRevenue, FY2023: 26.52B USDRevenue, FY2024: 27.18B USDRevenue, FY2025: 28.37B USDOperating income, FY2021: 6.89B USDOperating income, FY2022: 7.79B USDOperating income, FY2023: 7.65B USDOperating income, FY2024: 7.87B USDOperating income, FY2025: 8.29B USDNet income, FY2021: 5.89B USDNet income, FY2022: 6.53B USDNet income, FY2023: 6.86B USDNet income, FY2024: 7.18B USDNet income, FY2025: 7B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 23.06B USD. Revenue FY2022 25.79B USD. Revenue FY2023 26.52B USD. Revenue FY2024 27.18B USD. Revenue FY2025 28.37B USD. Operating income FY2021 6.89B USD. Operating income FY2022 7.79B USD. Operating income FY2023 7.65B USD. Operating income FY2024 7.87B USD. Operating income FY2025 8.29B USD. Net income FY2021 5.89B USD. Net income FY2022 6.53B USD. Net income FY2023 6.86B USD. Net income FY2024 7.18B USD. Net income FY2025 7B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue28.37B USD27.18B USD26.52B USD25.79B USD23.06B USD
Cost of goods sold14.56B USD14.28B USD14.13B USD13.79B USD12.15B USD
Gross profit13.81B USD12.9B USD12.38B USD11.99B USD10.91B USD
Research and development3.57B USD3.23B USD3.1B USD2.77B USD2.49B USD
Selling, general, and administrative1.77B USD1.8B USD1.63B USD1.44B USD1.23B USD
Operating expenses5.52B USD5.03B USD4.73B USD4.21B USD4.03B USD
Interest income—532M USD300M USD39M USD118M USD
Interest expense269M USD247M USD238M USD228M USD236M USD
Depreciation and amortization110M USD392M USD515M USD444M USD394M USD
Operating income8.29B USD7.87B USD7.65B USD7.79B USD6.89B USD
Net income7B USD7.18B USD6.86B USD6.53B USD5.89B USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$675.65

37.24% upside
Past 12 months12-month forecastHigh $900Average $675.65Low $530

Recent analyst actions

12 institutions

AMAT news

defenseworld.net

E Fund Management Co. Ltd. Buys 60,951 Shares of Applied Materials, Inc. $AMAT

E Fund Management Co. Ltd. boosted its position in shares of Applied Materials, Inc. (NASDAQ: AMAT) by 115.2% during the undefined quarter, according to the company in its most recent filing with the SEC. The…

Read source
seekingalpha.com

Applied Materials: I Am Reiterating My Strong Buy As AI Manufacturing Demand Accelerates

I'm reiterating Applied Materials as a Strong Buy rating, with the price target revised to $680 from $802 due to a more conservative valuation multiple. Q3 2026 results reinforce my thesis that AI-driven demand is…

Read source
defenseworld.net

Artemis Wealth Advisors LLC Raises Holdings in Applied Materials, Inc. $AMAT

Artemis Wealth Advisors LLC boosted its holdings in Applied Materials, Inc. (NASDAQ: AMAT) by 467.7% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange…

Read source
zacks.com

Applied Materials (AMAT) Is Considered a Good Investment by Brokers: Is That True?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's…

Read source
benzinga.com

Applied Materials Sees Years Of AI-Fueled Growth Ahead

Applied Materials Inc. (NASDAQ:AMAT) could see semiconductor systems revenue grow about 40% this year as AI-driven chip investment continues to strengthen, according to JPMorgan.

Read source
zacks.com

Can Applied Materials Sustain Its Growth Amid AI-Driven Demand?

AMAT's AI-driven semiconductor equipment launches strengthen its advanced packaging position amid rising HBM demand and a memory production ramp-up.

Read source

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ETFs holding AMAT

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
12.83B
Weight
0.56%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
10.58B
Weight
0.63%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
Invesco QQQ Trust, Series 1 logoInvesco QQQ Trust, Series 1QQQ
Market value
8.48B
Weight
1.75%
AUM
485.41B USD
Expense ratio
0.18%
Price / 1D
$713.44+0.35%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
5.31B
Weight
0.60%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
4.89B
Weight
0.60%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
Vanguard Morningstar Growth ETF logoVanguard Morningstar Growth ETFVUG
Market value
4.22B
Weight
1.13%
AUM
372B USD
Expense ratio
0.03%
Price / 1D
$87.50+0.38%
State Street Technology Select Sector SPDR ETF logoState Street Technology Select Sector SPDR ETFXLK
Market value
3.14B
Weight
2.63%
AUM
119.4B USD
Expense ratio
0.08%
Price / 1D
$183.31+0.11%
VanEck Semiconductor ETF logoVanEck Semiconductor ETFSMH
Market value
3.09B
Weight
4.60%
AUM
66.84B USD
Expense ratio
0.35%
Price / 1D
$560.42-0.40%

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