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Applied Materials, Inc. logo

Applied Materials, Inc.

AMATNASDAQ

$376.64

Last price · USD

Market cap
$304.3B
P/E
43.5x
EV / EBITDA
30.5x
P/S
10.7x
FCF yield
1.9%
Div. yield
0.45%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

OverviewBusinessFinancialsPeersChartsValuation

Revenue

$28.37B

+4.4%

4Y CAGR +5.3%

Gross profit

$13.81B

+7.1%

4Y CAGR +6.1%

Operating income

$8.29B

+5.4%

4Y CAGR +4.7%

Net income

$7.00B

-2.5%

4Y CAGR +4.4%

EPS (diluted)

$8.66

+0.6%

4Y CAGR +7.9%

Free cash flow

$5.70B

-23.9%

4Y CAGR +4.5%

Revenue & net income

Fiscal 2021–2025 · USD

All charts
$28B$23B$17B$11B$6B$0M$23.06B$25.79B$26.52B$27.18B$28.37B20212022202320242025
RevenueNet income

Valuation

At $376.64 · FY2025 fundamentals

Market cap
$304.3B
Enterprise value
$304.1B
P/E
43.5x
P/S
10.7x
P/B
14.9x
EV / EBITDA
30.5x
EV / Sales
10.7x
Earnings yield
2.3%
FCF yield
1.9%
Shareholder yield
2.1%
Estimate intrinsic value with a DCF

Profitability

Margins as a share of revenue

MetricLatest4Y agoTrend
Gross margin48.7%+1.4pp47.3%
Operating margin29.2%-0.7pp29.9%
EBITDA margin35.2%+3.1pp32.0%
Net margin24.7%-0.9pp25.5%
FCF margin20.1%-0.6pp20.7%

Returns & financial health

FY2025 with 4-year trend

MetricLatest4Y agoTrend
Return on equity34.3%48.1%
Return on invested capital30.9%46.1%
Return on assets19.3%22.8%
Debt / equity0.35x0.47x
Net debt / EBITDA-0.02x0.10x
Current ratio2.61x2.54x

Cash & equivalents

$7.24B

Total debt

$7.05B

Capital allocation

How AMAT used its cash in FY2025

Operating cash flow
$7.96B
Capital expenditure
$2.26B
Dividends paid
$1.38B
Share repurchases
$4.89B
Stock-based compensation
$653M
Diluted shares
808.0M
Share count change (4Y)
-12.1%

Analyst estimates

Consensus for upcoming fiscal years

Fiscal yearRevenueGrowthEPSGrowth
FY2025 actual$28.37B$8.66
FY2026E22 analysts$34.34B+21.1%$12.83+48.1%
FY2027E24 analysts$46.87B+36.5%$18.77+46.3%
FY2028E16 analysts$57.10B+21.8%$24.58+31.0%

About Applied Materials, Inc.

Technology · Semiconductors

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.

appliedmaterials.com
Sector
Technology
Industry
Semiconductors
CEO
Gary E. Dickerson
Employees
36,500
Headquarters
Santa Clara, CA, US
IPO date
1980-03-17

Applied Materials, Inc. (AMAT) — frequently asked questions

Answered from the company's SEC filings

Applied Materials, Inc. engages in provision of materials engineering solutions used to produce semiconductors.

Applied Materials, Inc. reported revenue of $28.37B in fiscal 2025, up 4.4% from the prior year. Over the last 4 years, revenue has grown at 5.3% a year.

Yes. Applied Materials, Inc. earned net income of $7.00B in fiscal 2025, a net margin of 24.7%, and generated $5.70B of free cash flow.

At a share price of $376.64, AMAT trades at about 43.5x its fiscal 2025 earnings per share, with a market capitalization of roughly $304.3B. Its EV/EBITDA multiple is 30.5x.

Yes. Applied Materials, Inc. paid $1.38B in dividends to shareholders in fiscal 2025, a dividend yield of about 0.45% at today's price.

Applied Materials, Inc. had total debt of $7.05B and cash of $7.24B at the end of fiscal 2025, giving net debt of -0.0x EBITDA.

Applied Materials, Inc.'s return on invested capital was 30.9% in fiscal 2025, and its return on equity was 34.3%.

Explore the full income statement, balance sheet and cash flow statement. Not investment advice.