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Semicap·AMAT
Applied Materials, Inc.
NASDAQ · US
Wafer fabrication equipment supplier across deposition, implant, etch, metrology, and packaging processes.
AI relevance
Broad process-equipment exposure to AI logic, memory, and advanced packaging capex.
Price
$375.58
Change
-33.36 (-8.16%)
Market cap
$298.1B
52w range
$203–$740
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
AMAT market performance
Daily close for Applied Materials, Inc.
- Latest close
- $375.6
- Range move
- +$155.0 (+70.3%)
- Range high
- $723.0
- Range low
- $220.2
- Latest volume
- 13.0M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1254 rowsFive years of daily close and volume data powering the company chart.
Transcript list
81 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus55 ratings
Strong buy
1
Buy
42
Hold
12
Sell
0
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-10-26 | $34.34B | $33.45B - $34.59B | $12.83 | $12.79 - $13.00 | $14.10B | $13.44B | $10.42B | $2.05B | 27 rev / 22 EPS |
| 2027-10-26 | $46.87B | $43.57B - $49.62B | $18.77 | $17.22 - $20.13 | $19.68B | $18.73B | $14.60B | $2.80B | 27 rev / 24 EPS |
| 2028-10-26 | $57.10B | $46.79B - $67.69B | $24.58 | $19.91 - $30.66 | $24.85B | $23.58B | $18.43B | $3.41B | 23 rev / 16 EPS |
| 2029-10-26 | $62.77B | $56.60B - $68.25B | $26.76 | $23.34 - $29.80 | $29.20B | $27.62B | $21.62B | $3.75B | 11 rev / 7 EPS |
| 2030-10-26 | $80.41B | $72.51B - $87.44B | $36.10 | $31.49 - $40.20 | $39.16B | $37.17B | $29.17B | $4.81B | 11 rev / 7 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-10-26 | $10.30B | $10.25B - $10.50B | $4.06 | $4.02 - $4.22 | $4.35B | $4.18B | $3.25B | $615.7M | 16 rev / 17 EPS |
| 2027-01-26 | $10.83B | $10.61B - $11.30B | $4.23 | $4.04 - $4.46 | $4.54B | $4.36B | $3.39B | $647.6M | 15 rev / 16 EPS |
| 2027-04-26 | $11.39B | $10.89B - $11.88B | $4.54 | $4.28 - $4.80 | $4.87B | $4.67B | $3.63B | $681.0M | 10 rev / 8 EPS |
| 2027-07-26 | $12.03B | $11.49B - $12.54B | $4.88 | $4.60 - $5.15 | $5.23B | $5.01B | $3.90B | $718.9M | 10 rev / 7 EPS |
| 2027-10-26 | $12.54B | $11.98B - $13.08B | $5.17 | $4.87 - $5.46 | $5.53B | $5.30B | $4.13B | $749.7M | 10 rev / 7 EPS |
| 2028-01-26 | $12.94B | $12.36B - $13.49B | $5.45 | $5.13 - $5.75 | $5.83B | $5.58B | $4.36B | $773.3M | 6 rev / 13 EPS |
| 2028-04-26 | $13.62B | $13.01B - $14.20B | $5.91 | $5.57 - $6.24 | $6.32B | $6.05B | $4.73B | $814.0M | 6 rev / 9 EPS |
| 2028-07-26 | $14.21B | $13.58B - $14.82B | $6.25 | $5.88 - $6.60 | $6.68B | $6.39B | $5.00B | $849.4M | 6 rev / 8 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 2 | $576.50 |
| Last quarter | 15 | $639.87 |
| Last year | 96 | $496.97 |
| All time | 194 | $334.20 |
Sources: StreetInsider, Benzinga, Pulse 2.0, Investing, MarketWatch
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-10-16 | Needham | Maintain | Buy | Buy |
| 2026-10-15 | Evercore ISI Group | Maintain | Outperform | Outperform |
| 2026-10-14 | RBC Capital | Maintain | Outperform | Outperform |
| 2026-09-28 | Morgan Stanley | Maintain | Equal Weight | Equal Weight |
| 2026-09-01 | UBS | Maintain | Buy | Buy |
| 2026-08-25 | Mizuho | Maintain | Outperform | Outperform |
| 2026-08-18 | Argus Research | Maintain | Buy | Buy |
| 2026-08-14 | UBS | Maintain | Buy | Buy |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-10-01 | 5 | 29 | 7 | 0 | 0 |
| 2026-09-01 | 5 | 29 | 7 | 0 | 0 |
| 2026-08-01 | 4 | 28 | 7 | 0 | 0 |
| 2026-07-01 | 4 | 28 | 7 | 0 | 1 |
| 2026-06-01 | 4 | 28 | 8 | 0 | 1 |
| 2026-05-01 | 5 | 28 | 8 | 0 | 0 |
| 2026-04-01 | 5 | 24 | 9 | 0 | 0 |
| 2026-03-01 | 5 | 23 | 9 | 0 | 0 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $28.37B | $13.81B | 48.7% | $3.57B | $8.29B | $9.97B | $7.00B | $8.71 |
| FY 2024 | $27.18B | $12.90B | 47.5% | $3.23B | $7.87B | $8.79B | $7.18B | $8.68 |
| FY 2023 | $26.52B | $12.38B | 46.7% | $3.10B | $7.65B | $8.46B | $6.86B | $8.16 |
| FY 2022 | $25.79B | $11.99B | 46.5% | $2.77B | $7.79B | $8.26B | $6.53B | $7.49 |
| FY 2021 | $23.06B | $10.91B | 47.3% | $2.48B | $6.89B | $7.39B | $5.89B | $6.47 |
| FY 2020 | $17.20B | $7.69B | 44.7% | $2.23B | $4.37B | $4.78B | $3.62B | $3.95 |
| FY 2019 | $14.61B | $6.39B | 43.7% | $2.05B | $3.35B | $3.87B | $2.71B | $2.89 |
| FY 2018 | $16.70B | $7.52B | 45.0% | $2.02B | $4.49B | $5.08B | $3.04B | $3.00 |
| FY 2017 | $14.70B | $6.61B | 45.0% | $1.77B | $3.94B | $4.42B | $3.52B | $3.20 |
| FY 2016 | $10.82B | $4.51B | 41.7% | $1.54B | $2.15B | $2.56B | $1.72B | $1.56 |
| FY 2015 | $9.66B | $3.95B | 40.9% | $1.45B | $1.69B | $2.07B | $1.38B | $1.13 |
| FY 2014 | $9.07B | $3.84B | 42.4% | $1.43B | $1.52B | $1.94B | $1.07B | $0.88 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $7.96B | $2.26B | $5.70B |
| FY 2024 | $8.68B | $1.19B | $7.49B |
| FY 2023 | $8.70B | $1.11B | $7.59B |
| FY 2022 | $5.40B | $787.0M | $4.61B |
| FY 2021 | $5.44B | $668.0M | $4.77B |
| FY 2020 | $3.80B | $422.0M | $3.38B |
| FY 2019 | $3.25B | $441.0M | $2.81B |
| FY 2018 | $3.79B | $622.0M | $3.17B |
| FY 2017 | $3.61B | $345.0M | $3.26B |
| FY 2016 | $2.47B | $253.0M | $2.21B |
| FY 2015 | $1.16B | $215.0M | $948.0M |
| FY 2014 | $1.80B | $241.0M | $1.56B |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $8.57B | $5.33B | $5.92B | $5.12B | $36.30B | $7.05B | -$191.0M | $15.88B | $20.41B |
| FY 2024 | $9.47B | $5.35B | $5.42B | $3.71B | $34.41B | $6.61B | -$1.42B | $15.41B | $19.00B |
| FY 2023 | $6.87B | $5.58B | $5.72B | $3.20B | $30.73B | $6.00B | -$133.0M | $14.38B | $16.35B |
| FY 2022 | $2.58B | $6.53B | $5.93B | $2.70B | $26.73B | $5.83B | $3.83B | $14.53B | $12.19B |
| FY 2021 | $5.46B | $5.55B | $4.31B | $2.23B | $25.82B | $5.75B | $758.0M | $13.58B | $12.25B |
| FY 2020 | $5.74B | $3.11B | $3.90B | $1.86B | $22.35B | $5.71B | $356.0M | $11.78B | $10.58B |
| FY 2019 | $3.62B | $2.64B | $3.47B | $1.53B | $19.04B | $5.31B | $2.18B | $10.81B | $8.21B |
| FY 2018 | $4.03B | $2.42B | $3.72B | $1.41B | $17.64B | $5.31B | $1.87B | $10.79B | $6.84B |
| FY 2017 | $7.28B | $2.34B | $2.93B | $1.07B | $19.42B | $5.30B | $294.0M | $10.07B | $9.35B |
| FY 2016 | $3.75B | $2.28B | $2.05B | $937.0M | $14.57B | $3.33B | -$81.0M | $7.37B | $7.22B |
| FY 2015 | $4.96B | $1.74B | $1.83B | $892.0M | $15.31B | $4.54B | -$255.0M | $7.70B | $7.61B |
| FY 2014 | $3.16B | $1.67B | $1.57B | $861.0M | $13.17B | $1.95B | -$1.05B | $5.31B | $7.87B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 48.7% | 29.2% | 24.7% | 2.6x | 1.9x | 34.3% | 22.0% | 6.5x | 18.6x | 3.1% | 12.6% | 167d |
| FY 2024 | 47.5% | 28.9% | 26.4% | 2.5x | 1.9x | 37.8% | 25.8% | 5.6x | 17.3x | 4.9% | 11.9% | 170d |
| FY 2023 | 46.7% | 28.9% | 25.9% | 2.6x | 1.8x | 41.9% | 28.8% | 4.1x | 13.0x | 6.9% | 11.7% | 186d |
| FY 2022 | 46.5% | 30.2% | 25.3% | 2.2x | 1.4x | 53.5% | 34.4% | 3.1x | 9.8x | 6.0% | 10.7% | 203d |
| FY 2021 | 47.3% | 29.9% | 25.5% | 2.5x | 1.9x | 48.1% | 30.6% | 5.5x | 17.3x | 3.8% | 10.8% | 173d |
| FY 2020 | 44.7% | 25.4% | 21.0% | 3.0x | 2.1x | 34.2% | 21.1% | 3.2x | 11.5x | 6.2% | 13.0% | 173d |
| FY 2019 | 43.7% | 22.9% | 18.5% | 2.3x | 1.5x | 32.9% | 18.3% | 3.8x | 14.4x | 5.3% | 14.1% | 178d |
| FY 2018 | 45.0% | 26.9% | 18.2% | 2.7x | 1.8x | 44.4% | 22.6% | 2.0x | 6.6x | 10.0% | 12.1% | 161d |
| FY 2017 | 45.0% | 26.8% | 23.9% | 3.1x | 2.4x | 37.6% | 23.7% | 4.1x | 13.6x | 5.4% | 12.1% | 148d |
| FY 2016 | 41.7% | 19.9% | 15.9% | 2.3x | 1.7x | 23.8% | 16.5% | 3.0x | 12.6x | 6.9% | 14.2% | 148d |
| FY 2015 | 40.9% | 17.5% | 14.3% | 2.4x | 2.0x | 18.1% | 11.5% | 2.0x | 9.4x | 4.8% | 15.0% | 141d |
| FY 2014 | 42.4% | 16.8% | 11.8% | 2.5x | 1.9x | 13.6% | 10.9% | 2.7x | 12.6x | 6.1% | 15.7% | 134d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +4.4% | +7.1% | +10.4% | +5.4% | -2.5% | +0.3% | -23.9% | -89.9% | -9.5% | +9.1% | +5.5% | +6.7% |
| FY 2024 | +2.5% | +4.1% | +4.2% | +2.8% | +4.7% | +6.4% | -1.4% | -7.6% | +37.9% | -5.3% | +12.0% | +10.1% |
| FY 2023 | +2.8% | +3.3% | +11.9% | -1.7% | +5.1% | +8.9% | +64.7% | -40.5% | +166.1% | -3.5% | +15.0% | +2.9% |
| FY 2022 | +11.8% | +9.9% | +11.5% | +13.0% | +10.8% | +15.8% | -3.4% | -17.8% | -52.7% | +37.7% | +3.5% | +1.3% |
| FY 2021 | +34.1% | +41.9% | +11.2% | +57.8% | +62.7% | +63.8% | +41.2% | -58.3% | -4.9% | +10.4% | +15.5% | +0.8% |
| FY 2020 | +17.8% | +20.5% | +8.8% | +30.3% | +33.7% | +36.7% | +20.5% | +4.3% | +58.6% | +12.4% | +17.4% | +7.4% |
| FY 2019 | -12.6% | -15.0% | +1.7% | -25.4% | -10.9% | -3.7% | -11.3% | +29.1% | -10.2% | -6.6% | +7.9% | +0.1% |
| FY 2018 | +13.7% | +13.7% | +13.8% | +14.1% | -13.7% | -6.3% | -3.0% | -80.3% | -44.6% | +27.0% | -9.2% | +0.1% |
| FY 2017 | +35.8% | +46.6% | +15.2% | +82.9% | +104.5% | +105.1% | +47.5% | -36.4% | +94.1% | +42.9% | +33.3% | +59.5% |
| FY 2016 | +12.1% | +14.1% | +6.1% | +27.1% | +25.0% | +38.1% | +133.4% | -17.7% | -24.5% | +11.8% | -4.8% | -26.8% |
| FY 2015 | +6.5% | +2.8% | +1.6% | +11.4% | +28.5% | +28.4% | -39.2% | +10.8% | +57.0% | +17.0% | +16.2% | +133.3% |
| FY 2014 | +20.8% | +28.5% | +8.2% | +251.9% | +318.8% | +319.0% | +266.0% | -22.3% | +67.2% | +10.9% | +9.4% | +0.1% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $28.37B
Semiconductor Systems$20.80B · 73.3%
Applied Global Services$6.38B · 22.5%
Corporate And Reconciling Items$1.19B · 4.2%
Latest geography mixFY 2025 · $28.37B
CHINA$8.53B · 30.1%
TAIWAN, PROVINCE OF CHINA$6.86B · 24.2%
KOREA, REPUBLIC OF$5.61B · 19.8%
UNITED STATES$3.06B · 10.8%
JAPAN$2.27B · 8.0%
Southeast Asia$1.08B · 3.8%
Europe$962.0M · 3.4%
Product revenue annual
| Period | Total | Semiconductor Systems | Applied Global Services | Display and Adjacent Markets | Silicon Systems Group | Total Segment | Display | Corporate And Reconciling Items | Energy And Environmental Solutions | Corporate and Other |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $28.37B | $20.80B | $6.38B | -- | -- | -- | -- | $1.19B | -- | -- |
| FY 2024 | $27.02B | $19.91B | $6.22B | $885.0M | -- | -- | -- | -- | -- | -- |
| FY 2023 | $26.30B | $19.70B | $5.73B | $868.0M | -- | -- | -- | -- | -- | -- |
| FY 2022 | $25.67B | $18.80B | $5.54B | $1.33B | -- | -- | -- | -- | -- | -- |
| FY 2021 | $22.93B | $16.29B | $5.01B | $1.63B | -- | -- | -- | -- | -- | -- |
| FY 2020 | $17.13B | $11.37B | $4.16B | $1.61B | -- | -- | -- | -- | -- | -- |
| FY 2019 | $14.53B | $9.03B | $3.85B | $1.65B | -- | -- | -- | -- | -- | -- |
| FY 2018 | $17.16B | $10.90B | $3.75B | $2.50B | -- | -- | -- | -- | -- | -- |
| FY 2017 | $14.43B | $9.52B | $3.02B | $1.90B | -- | -- | -- | -- | -- | -- |
| FY 2016 | $10.82B | $6.87B | $2.59B | $1.21B | -- | -- | -- | -- | -- | $157.0M |
| FY 2015 | $19.32B | -- | $2.53B | -- | $6.13B | $9.66B | $780.0M | -- | $213.0M | -- |
| FY 2014 | $9.07B | -- | $2.20B | -- | $5.98B | -- | $615.0M | -- | $279.0M | -- |
Geography revenue annual
| Period | Total | CHINA | TAIWAN, PROVINCE OF CHINA | KOREA, REPUBLIC OF | UNITED STATES | JAPAN | Europe | Southeast Asia |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $28.37B | $8.53B | $6.86B | $5.61B | $3.06B | $2.27B | $962.0M | $1.08B |
| FY 2024 | $27.18B | $10.12B | $4.01B | $4.49B | $3.82B | $2.15B | $1.44B | $1.14B |
| FY 2023 | $26.52B | $7.25B | $5.67B | $4.61B | $4.01B | $2.08B | $2.15B | $758.0M |
| FY 2022 | $25.79B | $7.25B | $6.26B | $4.39B | $3.10B | $2.01B | $1.67B | $1.08B |
| FY 2021 | $23.06B | $7.54B | $4.74B | $5.01B | $2.04B | $1.96B | $1.10B | $677.0M |
| FY 2020 | $17.20B | $5.46B | $3.95B | $3.03B | $1.62B | $2.00B | $736.0M | $411.0M |
| FY 2019 | $14.61B | $4.28B | $2.96B | $1.93B | $1.87B | $2.20B | $820.0M | $548.0M |
| FY 2018 | $17.25B | $5.11B | $2.73B | $3.60B | $1.53B | $2.40B | $1.07B | $802.0M |
| FY 2017 | $14.54B | $2.75B | $3.29B | $4.05B | $1.47B | $1.52B | $816.0M | $640.0M |
| FY 2016 | $10.82B | $2.26B | $2.84B | $1.88B | $1.14B | $1.28B | $615.0M | $803.0M |
| FY 2015 | $9.66B | $1.62B | $2.60B | $1.65B | $1.63B | $1.08B | $642.0M | $432.0M |
| FY 2014 | $9.07B | $1.61B | $2.70B | $965.0M | $1.97B | $817.0M | $658.0M | $356.0M |
Transcripts81 on file
Transcripts
Events
Events
Next earnings
2026-11-12EPS est $4.06
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