AMAT — Applied Materials, Inc.Technology · Semiconductor Equipment & MaterialsNASDAQ

$345.6B

Mkt Cap

$345.4B

Ent. Value

$191.0M

Net Cash

$435.44

52W $152 – $421

$345.6B

Mkt Cap

$345.4B

Ent. Value

$191.0M

Net Cash

40.1×

P/E TTM

7.73

PEG

55.8×

P/FCF

16.9×

P/Book

12.2×

P/Sales

34.6×

EV/EBITDA

40.8×

EV/EBIT

60.6×

EV/FCF

12.2×

EV/Sales

2.5%

Earn Yld

2.0%

FCF Yld

0.5%

Div Yld

$435.44

All values in US Dollars (USD)

USD	FY2025	FY2024	FY2023	FY2022
Revenue	28.37B	27.18B	26.52B	25.79B
YoY Growth	+4.4%	+2.5%	+2.8%	—
Gross Profit	13.81B	12.90B	12.38B	11.99B
Gross Margin	48.7%	47.5%	46.7%	46.5%
R&D	3.57B	3.23B	3.10B	2.77B
SG&A	1.77B	1.80B	1.63B	1.44B
EBIT	8.47B	7.87B	7.65B	7.78B
EBIT Margin	29.9%	28.9%	28.9%	30.2%
D&A	435.00M	392.00M	515.00M	444.00M
EBITDA	9.97B	8.79B	8.47B	8.27B
EBITDA Margin	35.2%	32.3%	31.9%	32.1%
Net Income	7.00B	7.18B	6.86B	6.53B
Net Margin	24.7%	26.4%	25.9%	25.3%
EPS (diluted)	$8.66	$8.61	$8.11	$7.44
Shares (dil., M)	808	834	845	877

Company Brief

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.

CEOMr. Gary E. DickersonEmployees35,500IPO Date1980-03-17CountryUnited StatesWebsitewww.appliedmaterials.com

Margins (TTM)

Gross Margin	48.7%
EBITDA Margin	36.2%
EBIT Margin	29.7%
Net Margin	27.8%
FCF Margin	22.0%

Returns on Capital

ROIC	25.3%
ROCE	29.7%
ROE	38.4%
ROA	21.6%
Asset Turnover	0.78×

Earnings Quality

FCF / Net Income	81.4%
SBC / Net Income	9.5%
SBC / Revenue	2.4%
Capex / D&A	5.20×

Growth (CAGR)

Metric	3yr
Revenue	3.2%
EPS	5.2%
FCF	7.3%
Dividend	—

Ownership

Float	99.6%
Shares Out.	793.6M
Insiders %	0.3%
Institutions %	86.6%
Institutions (of float)	86.8%
Institution holders	3,660
Insider net buy 6M	+0.2%

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Balance Sheet

Cash & ST Invest.	$8.6B
Total Debt	$7.0B
Net Cash / (Debt)	$191.0M
Total Assets	$36.3B
Total Equity	$20.4B
Goodwill & Intang.	$3.9B
Tangible Book Value	$16.5B
NCAV (Graham)	$5.0B
Tangible Book/sh	$20.77
NCAV/sh	$6.30

Leverage

D/E Ratio	0.35×
Net Debt / EBITDA	-0.02×
Interest Coverage	30.62×
Current Ratio	2.61×
Quick Ratio	1.87×

Capital Allocation (last FY)

Capex	$2.3B
Capex / Revenue	8.0%
SBC	$668.0M
Dividends Paid	$1.4B
Buybacks	$4.9B

Dividends

Annual DPS	$2.12
Yield (fwd)	0.49%
Payout Ratio	18.3%
Ex-div Date	2026-05-21

Valuation vs History

P/E vs 4Y	40.1×vs 18.7× median
Div yield vs 10Y	54.0%vs 0.8% median

Buyback History

FY 2025$4.9B-3.1%

FY 2024$3.8B-1.8%

FY 2023$2.2B-1.3%

FY 2022$6.1B—

Margins (TTM)

Gross Margin	48.7%
EBITDA Margin	36.2%
EBIT Margin	29.7%
Net Margin	27.8%
FCF Margin	22.0%

Returns on Capital

ROIC	25.3%
ROCE	29.7%
ROE	38.4%
ROA	21.6%
Asset Turnover	0.78×

Earnings Quality

FCF / Net Income	81.4%
SBC / Net Income	9.5%
SBC / Revenue	2.4%
Capex / D&A	5.20×

Growth (CAGR)

Metric	3yr
Revenue	3.2%
EPS	5.2%
FCF	7.3%
Dividend	—

Ownership

Float	99.6%
Shares Out.	793.6M
Insiders %	0.3%
Institutions %	86.6%
Institutions (of float)	86.8%
Institution holders	3,660
Insider net buy 6M	+0.2%

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$435.44

All values in US Dollars (USD)

USD	FY2025	FY2024	FY2023	FY2022
Revenue	28.37B	27.18B	26.52B	25.79B
YoY Growth	+4.4%	+2.5%	+2.8%	—
Gross Profit	13.81B	12.90B	12.38B	11.99B
Gross Margin	48.7%	47.5%	46.7%	46.5%
R&D	3.57B	3.23B	3.10B	2.77B
SG&A	1.77B	1.80B	1.63B	1.44B
EBIT	8.47B	7.87B	7.65B	7.78B
EBIT Margin	29.9%	28.9%	28.9%	30.2%
D&A	435.00M	392.00M	515.00M	444.00M
EBITDA	9.97B	8.79B	8.47B	8.27B
EBITDA Margin	35.2%	32.3%	31.9%	32.1%
Net Income	7.00B	7.18B	6.86B	6.53B
Net Margin	24.7%	26.4%	25.9%	25.3%
EPS (diluted)	$8.66	$8.61	$8.11	$7.44
Shares (dil., M)	808	834	845	877

Company Brief

CEOMr. Gary E. DickersonEmployees35,500IPO Date1980-03-17CountryUnited StatesWebsitewww.appliedmaterials.com

Balance Sheet

Cash & ST Invest.	$8.6B
Total Debt	$7.0B
Net Cash / (Debt)	$191.0M
Total Assets	$36.3B
Total Equity	$20.4B
Goodwill & Intang.	$3.9B
Tangible Book Value	$16.5B
NCAV (Graham)	$5.0B
Tangible Book/sh	$20.77
NCAV/sh	$6.30

Leverage

D/E Ratio	0.35×
Net Debt / EBITDA	-0.02×
Interest Coverage	30.62×
Current Ratio	2.61×
Quick Ratio	1.87×

Capital Allocation (last FY)

Capex	$2.3B
Capex / Revenue	8.0%
SBC	$668.0M
Dividends Paid	$1.4B
Buybacks	$4.9B

Dividends

Annual DPS	$2.12
Yield (fwd)	0.49%
Payout Ratio	18.3%
Ex-div Date	2026-05-21

Valuation vs History

P/E vs 4Y	40.1×vs 18.7× median
Div yield vs 10Y	54.0%vs 0.8% median

Buyback History

FY 2025$4.9B-3.1%

FY 2024$3.8B-1.8%

FY 2023$2.2B-1.3%

FY 2022$6.1B—

Not investment adviceUpdated 4/17/2026