AMAT Chart
About

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.

Fundamentals
Scroll to Statements
Sector Technology Industry Semiconductor Equipment Market Cap 299.97B
Enterprise Value 298.61B Income 7.84B Sales 28.21B
Book/sh 27.36 Cash/sh 10.72 Dividend Yield 49.00%
Payout 18.26% Employees 35500 IPO —
P/E 38.76 Forward P/E 27.41 PEG —
P/S 10.63 P/B 13.81 P/C —
EV/EBITDA 33.59 EV/Sales 10.58 Quick Ratio 1.74
Current Ratio 2.71 Debt/Eq 33.11 LT Debt/Eq —
EPS (ttm) 9.75 EPS next Y 13.79 EPS Growth 75.20%
Revenue Growth -2.10% Earnings 2026-05-14 ROA 14.85%
ROE 38.86% ROIC — Gross Margin 48.72%
Oper. Margin 29.89% Profit Margin 27.78% Shs Outstand 793.72M
Shs Float 790.15M Short Float 1.74% Short Ratio 1.86
Short Interest — 52W High 380.51 52W Low 123.74
Beta 1.68 Avg Volume 7.56M Volume 5.71M
Target Price $409.22 Recom Buy Prev Close $373.55
Price $377.93 Change 1.17%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$409.22
Mean price target
2. Current target
$377.93
Latest analyst target
3. DCF / Fair value
$98.46
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$377.93
Low
$275.00
High
$470.00
Mean
$409.22

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-17 main Barclays Overweight → Overweight $450
2026-02-13 main Citigroup Buy → Buy $420
2026-02-13 main Goldman Sachs Buy → Buy $390
2026-02-13 main Stifel Buy → Buy $450
2026-02-13 main TD Cowen Buy → Buy $450
2026-02-13 main Wells Fargo Overweight → Overweight $435
2026-02-13 reit B. Riley Securities Buy → Buy $450
2026-02-13 main Mizuho Outperform → Outperform $410
2026-02-13 main Keybanc Overweight → Overweight $450
2026-02-13 main Needham Buy → Buy $440
2026-02-10 reit RBC Capital Outperform → Outperform $385
2026-02-04 main Citigroup Buy → Buy $400
2026-02-02 main Morgan Stanley Overweight → Overweight $364
2026-01-28 up Mizuho Neutral → Outperform $370
2026-01-23 up Deutsche Bank Hold → Buy $390
2026-01-20 main Needham Buy → Buy $390
2026-01-16 main Keybanc Overweight → Overweight $380
2026-01-15 main Wells Fargo Overweight → Overweight $350
2026-01-15 up Barclays Equal-Weight → Overweight $360
2026-01-15 init RBC Capital — → Outperform $385
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 5000 1806062 — Sale at price 361.21 per share. HILL BRICE Chief Financial Officer — 2026-02-17 00:00:00 D
1 187 — — Stock Award(Grant) at price 0.00 per share. CHEN XUN ERIC Director — 2025-12-31 00:00:00 D
2 50 — — Stock Gift at price 0.00 per share. RAJA PRABURAM G. Officer — 2025-12-12 00:00:00 D
3 191220 — — Stock Award(Grant) at price 0.00 per share. DICKERSON GARY E Chief Executive Officer — 2025-12-11 00:00:00 D
4 23070 — — Stock Award(Grant) at price 0.00 per share. LITTLE TERI A Officer — 2025-12-11 00:00:00 D
5 49877 — — Stock Award(Grant) at price 0.00 per share. RAJA PRABURAM G. Officer — 2025-12-11 00:00:00 D
6 41102 — — Stock Award(Grant) at price 0.00 per share. HILL BRICE Chief Financial Officer — 2025-12-11 00:00:00 D
7 27831 — — Stock Award(Grant) at price 0.00 per share. DEANE TIMOTHY M Officer — 2025-12-11 00:00:00 D
8 1070 — — Stock Award(Grant) at price 0.00 per share. SANDERS ADAM Officer — 2025-12-11 00:00:00 D
9 28802 — — Stock Award(Grant) at price 0.00 per share. NALAMASU OMKARAM Chief Technology Officer — 2025-12-11 00:00:00 D
Financials
Line Item2025-10-312024-10-312023-10-312022-10-31
TaxEffectOfUnusualItems-44.34M0.000.00564.00K
TaxRateForCalcs0.240.120.110.14
NormalizedEBITDA10.16B8.79B8.47B8.27B
TotalUnusualItems-181.00M0.000.004.00M
TotalUnusualItemsExcludingGoodwill-181.00M0.000.004.00M
NetIncomeFromContinuingOperationNetMinorityInterest7.00B7.18B6.86B6.53B
ReconciledDepreciation435.00M392.00M515.00M444.00M
ReconciledCostOfRevenue14.56B14.28B14.13B13.79B
EBITDA9.97B8.79B8.47B8.27B
EBIT9.54B8.40B7.95B7.83B
NetInterestIncome982.00M285.00M62.00M-189.00M
InterestExpense269.00M247.00M238.00M228.00M
InterestIncome1.25B532.00M300.00M39.00M
NormalizedIncome7.13B7.18B6.86B6.52B
NetIncomeFromContinuingAndDiscontinuedOperation7.00B7.18B6.86B6.53B
TotalExpenses19.90B19.31B18.86B18.00B
TotalOperatingIncomeAsReported8.29B7.87B7.65B7.79B
DilutedAverageShares808.00M834.00M845.00M877.00M
BasicAverageShares804.00M827.00M840.00M871.00M
DilutedEPS8.668.618.117.44
BasicEPS8.718.688.167.49
DilutedNIAvailtoComStockholders7.00B7.18B6.86B6.53B
NetIncomeCommonStockholders7.00B7.18B6.86B6.53B
NetIncome7.00B7.18B6.86B6.53B
NetIncomeIncludingNoncontrollingInterests7.00B7.18B6.86B6.53B
NetIncomeContinuousOperations7.00B7.18B6.86B6.53B
TaxProvision2.27B975.00M860.00M1.07B
PretaxIncome9.27B8.15B7.72B7.60B
OtherIncomeExpense-181.00M4.00M-311.00M
SpecialIncomeCharges-181.00M0.000.004.00M
OtherSpecialCharges154.00M
RestructuringAndMergernAcquisition181.00M0.000.00-4.00M
NetNonOperatingInterestIncomeExpense982.00M285.00M62.00M-189.00M
InterestExpenseNonOperating269.00M247.00M238.00M228.00M
InterestIncomeNonOperating1.25B532.00M300.00M39.00M
OperatingIncome8.47B7.87B7.65B7.78B
OperatingExpense5.34B5.03B4.73B4.21B
ResearchAndDevelopment3.57B3.23B3.10B2.77B
SellingGeneralAndAdministration1.77B1.80B1.63B1.44B
SellingAndMarketingExpense858.00M836.00M776.00M703.00M
GeneralAndAdministrativeExpense910.00M961.00M852.00M735.00M
OtherGandA910.00M961.00M852.00M735.00M
GrossProfit13.81B12.90B12.38B11.99B
CostOfRevenue14.56B14.28B14.13B13.79B
TotalRevenue28.37B27.18B26.52B25.79B
OperatingRevenue28.37B27.18B26.52B25.79B
Line Item2025-10-312024-10-312023-10-312022-10-31
TreasurySharesNumber1.21B1.21B1.19B1.17B
OrdinarySharesNumber793.00M818.00M833.00M844.00M
ShareIssued2.00B2.03B2.02B2.02B
NetDebt3.46B457.00M
TotalDebt7.05B6.61B6.00B5.83B
TangibleBookValue16.48B15.02B12.32B8.15B
InvestedCapital26.97B25.26B21.91B17.65B
WorkingCapital12.88B12.75B11.78B8.55B
NetTangibleAssets16.48B15.02B12.32B8.15B
CapitalLeaseObligations495.00M346.00M438.00M372.00M
CommonStockEquity20.41B19.00B16.35B12.19B
TotalCapitalization26.87B24.46B21.81B17.65B
TotalEquityGrossMinorityInterest20.41B19.00B16.35B12.19B
StockholdersEquity20.41B19.00B16.35B12.19B
GainsLossesNotAffectingRetainedEarnings-110.00M-168.00M-217.00M-202.00M
OtherEquityAdjustments-110.00M-168.00M-217.00M-202.00M
TreasuryStock45.04B40.15B36.30B34.10B
RetainedEarnings55.23B49.65B43.73B37.89B
AdditionalPaidInCapital10.33B9.66B9.13B8.59B
CapitalStock8.00M8.00M8.00M8.00M
CommonStock8.00M8.00M8.00M8.00M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest15.88B15.41B14.38B14.53B
TotalNonCurrentLiabilitiesNetMinorityInterest7.88B6.94B7.01B7.15B
OtherNonCurrentLiabilities519.00M409.00M336.00M338.00M
EmployeeBenefits151.00M142.00M126.00M107.00M
NonCurrentPensionAndOtherPostretirementBenefitPlans151.00M142.00M126.00M107.00M
TradeandOtherPayablesNonCurrent356.00M670.00M833.00M964.00M
LongTermDebtAndCapitalLeaseObligation6.86B5.72B5.71B5.74B
LongTermCapitalLeaseObligation404.00M259.00M252.00M287.00M
LongTermDebt6.46B5.46B5.46B5.46B
CurrentLiabilities8.00B8.47B7.37B7.38B
OtherCurrentLiabilities-1.00M
CurrentDeferredLiabilities2.57B2.85B2.98B3.14B
CurrentDeferredRevenue2.57B2.85B2.98B3.14B
CurrentDebtAndCapitalLeaseObligation191.00M887.00M286.00M85.00M
CurrentCapitalLeaseObligation91.00M87.00M186.00M85.00M
CurrentDebt100.00M800.00M100.00M
OtherCurrentBorrowings700.00M
CommercialPaper100.00M100.00M100.00M0.00
PensionandOtherPostRetirementBenefitPlansCurrent1.22B1.19B1.02B905.00M
CurrentProvisions165.00M242.00M
PayablesAndAccruedExpenses3.86B3.54B3.09B3.25B
CurrentAccruedExpenses1.13B1.11B1.06B923.00M
InterestPayable38.00M39.00M39.00M
Payables2.72B2.43B2.03B2.32B
DividendsPayable365.00M327.00M267.00M220.00M
TotalTaxPayable380.00M535.00M282.00M349.00M
IncomeTaxPayable380.00M535.00M282.00M319.00M
AccountsPayable1.98B1.57B1.48B1.75B
TotalAssets36.30B34.41B30.73B26.73B
TotalNonCurrentAssets15.42B13.19B11.58B10.80B
OtherNonCurrentAssets806.00M314.00M345.00M691.00M
NonCurrentDeferredAssets1.23B2.39B1.73B1.40B
NonCurrentDeferredTaxesAssets1.23B2.39B1.73B1.40B
NonCurrentAccountsReceivable691.00M229.00M
InvestmentsAndAdvances4.33B2.79B2.28B1.98B
InvestmentinFinancialAssets1.98B2.06B
AvailableForSaleSecurities1.98B2.06B
GoodwillAndOtherIntangibleAssets3.93B3.98B4.03B4.04B
OtherIntangibleAssets226.00M249.00M294.00M339.00M
Goodwill3.71B3.73B3.73B3.70B
NetPPE5.12B3.71B3.20B2.70B
AccumulatedDepreciation-3.90B-3.77B-3.65B-3.32B
GrossPPE9.02B7.48B6.85B6.02B
ConstructionInProgress1.46B898.00M672.00M389.00M
OtherProperties3.22B2.95B2.83B2.47B
MachineryFurnitureEquipment855.00M782.00M762.00M743.00M
BuildingsAndImprovements2.93B2.36B2.19B2.03B
LandAndImprovements558.00M492.00M393.00M387.00M
Properties0.000.000.000.00
CurrentAssets20.88B21.22B19.15B15.93B
OtherCurrentAssets1.06B974.00M976.00M883.00M
PrepaidAssets461.00M593.00M
Inventory5.92B5.42B5.72B5.93B
FinishedGoods1.21B1.12B1.49B1.69B
WorkInProcess914.00M879.00M997.00M1.03B
RawMaterials3.79B3.42B3.24B3.22B
Receivables5.33B5.35B5.58B6.53B
TaxesReceivable148.00M120.00M412.00M461.00M
AccountsReceivable5.18B5.23B5.17B6.07B
AllowanceForDoubtfulAccountsReceivable-29.00M-29.00M-29.00M
GrossAccountsReceivable5.19B6.10B4.98B
CashCashEquivalentsAndShortTermInvestments8.57B9.47B6.87B2.58B
OtherShortTermInvestments1.33B1.45B737.00M586.00M
CashAndCashEquivalents7.24B8.02B6.13B2.00B
CashEquivalents5.82B6.71B4.71B796.00M
CashFinancial1.42B1.31B1.42B1.20B
Line Item2025-10-312024-10-312023-10-312022-10-31
FreeCashFlow5.70B7.49B7.59B4.61B
RepurchaseOfCapitalStock-4.89B-3.82B-2.19B-6.10B
RepaymentOfDebt-1.20B-502.00M-907.00M0.00
IssuanceOfDebt1.49B1.09B991.00M0.00
IssuanceOfCapitalStock261.00M243.00M227.00M199.00M
CapitalExpenditure-2.26B-1.19B-1.11B-787.00M
InterestPaidSupplementalData239.00M205.00M205.00M205.00M
IncomeTaxPaidSupplementalData1.50B957.00M1.01B1.87B
EndCashPosition7.31B8.11B6.23B2.10B
BeginningCashPosition8.11B6.23B2.10B5.10B
ChangesInCash-801.00M1.88B4.13B-3.00B
FinancingCashFlow-5.98B-4.47B-3.03B-7.04B
CashFlowFromContinuingFinancingActivities-5.98B-4.47B-3.03B-7.04B
NetOtherFinancingCharges-251.00M-291.00M-179.00M-266.00M
CashDividendsPaid-1.38B-1.19B-975.00M-873.00M
CommonStockDividendPaid-1.38B-1.19B-975.00M-873.00M
NetCommonStockIssuance-4.63B-3.58B-1.96B-5.90B
CommonStockPayments-4.89B-3.82B-2.19B-6.10B
CommonStockIssuance261.00M243.00M227.00M199.00M
NetIssuancePaymentsOfDebt292.00M593.00M84.00M0.00
NetShortTermDebtIssuance1.00M1.00M91.00M0.00
ShortTermDebtPayments-502.00M-400.00M-900.00M0.00
ShortTermDebtIssuance503.00M401.00M991.00M0.00
NetLongTermDebtIssuance291.00M592.00M-7.00M0.00
LongTermDebtPayments-700.00M-102.00M-7.00M0.00
LongTermDebtIssuance991.00M694.00M0.000.00
InvestingCashFlow-2.78B-2.33B-1.53B-1.36B
CashFlowFromContinuingInvestingActivities-2.78B-2.33B-1.53B-1.36B
NetOtherInvestingChanges33.00M
NetInvestmentPurchaseAndSale-526.00M-1.14B-404.00M-129.00M
SaleOfInvestment5.53B2.45B1.27B1.36B
PurchaseOfInvestment-6.05B-3.59B-1.67B-1.49B
NetBusinessPurchaseAndSale-29.00M0.00-25.00M-441.00M
PurchaseOfBusiness-29.00M0.00-25.00M-441.00M
CapitalExpenditureReported-2.26B-1.19B-1.11B-787.00M
OperatingCashFlow7.96B8.68B8.70B5.40B
CashFlowFromContinuingOperatingActivities7.96B8.68B8.70B5.40B
ChangeInWorkingCapital-200.00M1.12B775.00M-1.79B
ChangeInOtherWorkingCapital-283.00M-126.00M-167.00M1.04B
ChangeInOtherCurrentLiabilities90.00M51.00M38.00M35.00M
ChangeInOtherCurrentAssets-119.00M287.00M-48.00M-16.00M
ChangeInPayablesAndAccruedExpense557.00M670.00M-158.00M-151.00M
ChangeInPayable557.00M670.00M-158.00M-151.00M
ChangeInAccountPayable307.00M281.00M-138.00M390.00M
ChangeInTaxPayable250.00M389.00M-20.00M-541.00M
ChangeInIncomeTaxPayable250.00M389.00M-20.00M-541.00M
ChangeInInventory-494.00M304.00M207.00M-1.59B
ChangeInReceivables49.00M-69.00M903.00M-1.11B
ChangesInAccountReceivables49.00M-69.00M903.00M-1.11B
OtherNonCashItems210.00M62.00M56.00M36.00M
StockBasedCompensation668.00M577.00M490.00M413.00M
AssetImpairmentCharge-792.00M-15.00M-16.00M
DeferredTax639.00M-633.00M24.00M-223.00M
DeferredIncomeTax639.00M-633.00M24.00M-223.00M
DepreciationAmortizationDepletion435.00M392.00M515.00M444.00M
DepreciationAndAmortization435.00M392.00M515.00M444.00M
AmortizationCashFlow44.00M40.00M49.00M
AmortizationOfIntangibles44.00M40.00M49.00M
Depreciation471.00M404.00M345.00M
OperatingGainsLosses-4.00M148.00M
PensionAndEmployeeBenefitExpense0.000.00-4.00M148.00M
NetIncomeFromContinuingOperations7.00B7.18B6.86B6.53B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for AMAT
Date User Asset Broker Type Position Size Entry Price Patterns