AMAT — Applied Materials, Inc. $374.53

SEMICONDUCTORS · Generated 2026-11-03 02:15

Price graph

52-Week Range
203.40 – 739.67
P/E (TTM)
32.31
EPS (TTM)
11.59
Earnings Date (est.)
Nov 12, 2026
Forward Dividend & Yield
2.12 (54.00%)
Ex-Dividend Date
Nov 19, 2026
1y Target Est
626.86

Price vs Rates, Inflation & Volume (long-term)

Dotted = market-implied expectation (next ~12 mo), not a prediction.

Quality Scorecard Growth

A88/100
✅ Pricing power (gross margin) 49% Gross margin 49% — wide margins, likely pricing power
✅ Return on equity 41% ROE 41% — high returns on capital
✅ Leverage (net debt / EBITDA) net cash Net cash — $1.9B more cash than debt
✅ Interest coverage 31x EBIT covers interest 31x — comfortably covered
✅ Earnings consistency (revenue) 0/3 down 0 revenue-down year(s) in 3 — no down years
❌ Earnings growth (net income YoY) -2% Net income -2% YoY — earnings declining
✅ Cash conversion (CFO/NI) 114% Operating cash ÷ net income 114% — earnings convert to cash
✅ Operating margin trend improving Operating margin improving
✅ Revenue growth 25% Revenue +25% — strong demand growth
🟡 Growth trajectory holding steady YoY +4% vs +3% prior 2-yr avg — holding steady
✅ Dilution control -3.3%/yr Shares -3.3% YoY — dilution controlled
✅ Rule of 40 45 growth 25% + FCF margin 20% = 45 — healthy growth + profitability

Growth-stage checklist (proxy metrics from yfinance). 12 of 12 criteria scored. Not financial advice.

Buy-Now Score

95/100
Quality ×40%88
Trajectory ×30%100
Valuation ×30%100

Comparative rank: 40% Quality + 30% Trajectory + 30% Valuation — higher = better buy now. Not financial advice.

Valuation

$337.08$689.55
Price $374.53Analyst $626.86 (+67%)

Analyst: 37 analysts. MarketGist fair = analyst consensus only (no DCF — financial, or no free-cash-flow data). Not financial advice.

Key Trends (6-yr)

GAAP EPS
▲ +0.6% YoY
Sales
▲ +4.4% YoY
Shares Outstanding
▼ -3.1% YoY

Company Overview

Basic Information

Company Name: Applied Materials, Inc.
Symbol: AMAT
Exchange: NMS
Sector: Technology
Industry: Semiconductor Equipment & Materials

Company Details

Country: United States
City: Santa Clara
Employees: 38,900
Market Cap: $297.23B

Business Description

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.

Key Metrics

Price & Valuation

Current Price
$374.53
Market Cap
$297.23B
P/E Ratio
32.31
Forward P/E
20.18
PEG Ratio
0.83
Price to Book
11.60

Profitability

Profit Margin: 30.05%
Operating Margin: 33.74%
Gross Margin: 49.40%
Return on Equity (ROE): 41.07%
Return on Assets (ROA): 15.48%
Revenue Growth: 24.80%

Financial Health

Current Ratio: 2.42
Quick Ratio: 1.63
Debt to Equity: 28.67
Total Debt: $7.35B
Total Cash: $9.23B
Beta: 1.67

Trading & Analyst Info

52-Week Range

52-Week High: $739.67
52-Week Low: $203.40
50-Day Average: $457.66
200-Day Average: $444.51

Analyst Recommendations

Recommendation: STRONG_BUY
Target Mean Price: $626.86
Target High: $900.00
Target Low: $358.00

Quarterly Verdict

🟢 100/100

Worth buying

Quality grade A; 5 improving / 1 weakening metrics YoY.

➕ Pricing power (gross margin): Gross margin 49% — wide margins, likely pricing power
➕ Return on equity: ROE 41% — high returns on capital
➕ Leverage (net debt / EBITDA): Net cash — $1.9B more cash than debt
➕ Interest coverage: EBIT covers interest 31x — comfortably covered
➕ Earnings consistency (revenue): 0 revenue-down year(s) in 3 — no down years
➖ Earnings growth (net income YoY): Net income -2% YoY — earnings declining
➕ Cash conversion (CFO/NI): Operating cash ÷ net income 114% — earnings convert to cash
➕ Operating margin trend: Operating margin improving
➕ Revenue growth: Revenue +25% — strong demand growth
➕ Dilution control: Shares -3.3% YoY — dilution controlled
➕ Rule of 40: growth 25% + FCF margin 20% = 45 — healthy growth + profitability
➕ Revenue +24.8% YoY
➕ Net income +42.7% YoY
➕ Operating margin +3.2 pts YoY
➕ Free cash flow +13.7% YoY
➕ Cash +30.7% YoY
➖ Debt +8.6% YoY

Heuristic from the Quality Scorecard + quarter-over-quarter trends. Not financial advice.

Financial Statements

Income Statement (Annual)

Item2025-10-312024-10-312023-10-312022-10-31
Tax Effect Of Unusual Items$-44.34M$0.00$0.00$564.00K
Tax Rate For Calcs$0.24$0.12$0.11$0.14
Normalized EBITDA$10.16B$8.79B$8.47B$8.27B
Total Unusual Items$-181.00M$0.00$0.00$4.00M
Total Unusual Items Excluding Goodwill$-181.00M$0.00$0.00$4.00M
Net Income From Continuing Operation Net Minority Interest$7.00B$7.18B$6.86B$6.53B
Reconciled Depreciation$435.00M$392.00M$515.00M$444.00M
Reconciled Cost Of Revenue$14.56B$14.28B$14.13B$13.79B
EBITDA$9.97B$8.79B$8.47B$8.27B
EBIT$9.54B$8.40B$7.95B$7.83B
Net Interest Income$982.00M$285.00M$62.00M$-189.00M
Interest Expense$269.00M$247.00M$238.00M$228.00M
Interest Income$1.25B$532.00M$300.00M$39.00M
Normalized Income$7.13B$7.18B$6.86B$6.52B
Net Income From Continuing And Discontinued Operation$7.00B$7.18B$6.86B$6.53B

Showing 15 of 45 rows

Balance Sheet (Annual)

Item2025-10-312024-10-312023-10-312022-10-31
Treasury Shares Number$1.21B$1.21B$1.19B$1.17B
Ordinary Shares Number$793.00M$818.00M$833.00M$844.00M
Share Issued$2.00B$2.03B$2.02B$2.02B
Net DebtN/AN/AN/A$3.46B
Total Debt$7.05B$6.61B$6.00B$5.83B
Tangible Book Value$16.48B$15.02B$12.32B$8.15B
Invested Capital$26.97B$25.26B$21.91B$17.65B
Working Capital$12.88B$12.75B$11.78B$8.55B
Net Tangible Assets$16.48B$15.02B$12.32B$8.15B
Capital Lease Obligations$495.00M$346.00M$438.00M$372.00M
Common Stock Equity$20.41B$19.00B$16.35B$12.19B
Total Capitalization$26.87B$24.46B$21.81B$17.65B
Total Equity Gross Minority Interest$20.41B$19.00B$16.35B$12.19B
Stockholders Equity$20.41B$19.00B$16.35B$12.19B
Gains Losses Not Affecting Retained Earnings$-110.00M$-168.00M$-217.00M$-202.00M

Showing 15 of 88 rows

Cash Flow Statement (Annual)

Item2025-10-312024-10-312023-10-312022-10-31
Free Cash Flow$5.70B$7.49B$7.59B$4.61B
Repurchase Of Capital Stock$-4.89B$-3.82B$-2.19B$-6.10B
Repayment Of Debt$-1.20B$-502.00M$-907.00M$0.00
Issuance Of Debt$1.49B$1.09B$991.00M$0.00
Issuance Of Capital Stock$261.00M$243.00M$227.00M$199.00M
Capital Expenditure$-2.26B$-1.19B$-1.11B$-787.00M
Interest Paid Supplemental Data$239.00M$205.00M$205.00M$205.00M
Income Tax Paid Supplemental Data$1.50B$957.00M$1.01B$1.87B
End Cash Position$7.31B$8.11B$6.23B$2.10B
Beginning Cash Position$8.11B$6.23B$2.10B$5.10B
Changes In Cash$-801.00M$1.88B$4.13B$-3.00B
Financing Cash Flow$-5.98B$-4.47B$-3.03B$-7.04B
Cash Flow From Continuing Financing Activities$-5.98B$-4.47B$-3.03B$-7.04B
Net Other Financing Charges$-251.00M$-291.00M$-179.00M$-266.00M
Cash Dividends Paid$-1.38B$-1.19B$-975.00M$-873.00M

Showing 15 of 62 rows

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