A 
Applied Materials AMAT · USD
Information Technology · Semiconductors & Semiconductor Equipment · US listing · 🇺🇸 United States
S&P 500Nasdaq-100
370.55
+11.37%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$28.37bn
FY2016FY2025
Net income
$7.00bn
FY2016FY2025
Free cash flow
$5.70bn
FY2016FY2025
Shareholders' equity
$20.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.37bn | $27.18bn | $26.52bn | $25.79bn | $23.06bn | $17.20bn | $14.61bn | $16.70bn | $14.70bn | $10.82bn |
| Gross profit | $13.81bn | $12.90bn | $12.38bn | $11.99bn | $10.91bn | $7.69bn | $6.39bn | $7.52bn | $6.61bn | $4.51bn |
| Research and development | $3.57bn | $3.23bn | $3.10bn | $2.77bn | $2.48bn | $2.23bn | $2.05bn | $2.02bn | $1.77bn | $1.54bn |
| Operating income | $8.29bn | $7.87bn | $7.65bn | $7.79bn | $6.89bn | $4.37bn | $3.35bn | $4.49bn | $3.94bn | $2.15bn |
| Net income | $7.00bn | $7.18bn | $6.86bn | $6.53bn | $5.89bn | $3.62bn | $2.71bn | $3.04bn | $3.52bn | $1.72bn |
| Diluted earnings per share | 8.77 | 8.67 | 8.14 | 7.60 | 6.49 | 3.93 | 2.91 | 3.09 | 3.27 | 1.57 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $36.30bn | $34.41bn | $30.73bn | $26.73bn | $25.82bn | $22.35bn | $19.04bn | $17.77bn | $19.42bn | $14.57bn |
| Cash and short-term investments | $8.57bn | $9.47bn | $6.87bn | $2.58bn | $5.46bn | $5.74bn | $3.62bn | $4.03bn | $7.28bn | $3.75bn |
| Total liabilities | $15.88bn | $15.41bn | $14.38bn | $14.53bn | $13.58bn | $11.78bn | $10.81bn | $10.93bn | $10.07bn | $7.37bn |
| Debt | $6.65bn | $6.35bn | $5.75bn | $5.54bn | $5.45bn | $5.51bn | $5.31bn | $7.03bn | $7.75bn | $3.34bn |
| Shareholders' equity | $20.41bn | $19.00bn | $16.35bn | $12.19bn | $12.25bn | $10.58bn | $8.21bn | $6.84bn | $9.35bn | $7.22bn |
| Shares outstanding | 798m | 828m | 842m | 859m | 907m | 921m | 931m | 984m | 1,076m | 1,093m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $7.96bn | $8.68bn | $8.70bn | $5.40bn | $5.44bn | $3.80bn | $3.25bn | $3.79bn | $3.61bn | $2.47bn |
| Capital spending | −$2.26bn | −$1.19bn | −$1.11bn | −$787.0m | −$668.0m | −$422.0m | −$441.0m | −$622.0m | −$345.0m | −$253.0m |
| Free cash flow | $5.70bn | $7.49bn | $7.59bn | $4.61bn | $4.77bn | $3.38bn | $2.81bn | $3.17bn | $3.26bn | $2.21bn |
| Dividends paid | −$1.38bn | −$1.19bn | −$975.0m | −$873.0m | −$838.0m | −$787.0m | −$771.0m | −$605.0m | −$430.0m | −$444.0m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.12bn | $7.91bn | $7.01bn | $6.80bn | $7.30bn | $7.10bn | $7.17bn | $7.04bn |
| Gross profit | $4.59bn | $3.95bn | $3.44bn | $3.27bn | $3.56bn | $3.48bn | $3.50bn | $3.33bn |
| Operating income | $3.08bn | $2.52bn | $2.10bn | $1.89bn | $2.23bn | $2.17bn | $2.17bn | $2.05bn |
| Net income | $2.54bn | $2.81bn | $2.03bn | $1.90bn | $1.78bn | $2.14bn | $1.19bn | $1.73bn |
| Diluted earnings per share | 3.17 | 3.51 | 2.54 | 2.38 | 2.22 | 2.63 | 1.45 | 2.08 |
| Cash from operations | $3.04bn | $843.0m | $1.69bn | $2.83bn | $2.63bn | $1.57bn | $925.0m | $2.58bn |
| Capital spending | −$707.0m | −$635.0m | −$646.0m | −$785.0m | −$584.0m | −$510.0m | −$381.0m | −$407.0m |
| Free cash flow | $2.33bn | $208.0m | $1.04bn | $2.04bn | $2.05bn | $1.06bn | $544.0m | $2.17bn |
| Total assets | $43.52bn | $40.29bn | $37.64bn | $36.30bn | $34.21bn | $33.63bn | $33.34bn | $34.41bn |
| Cash and short-term investments | $9.23bn | $8.24bn | $8.51bn | $8.57bn | $7.01bn | $6.75bn | $8.21bn | $9.47bn |
| Debt | $6.66bn | $6.57bn | $6.55bn | $6.55bn | $6.26bn | $6.26bn | $6.26bn | $6.26bn |
| Shareholders' equity | $25.63bn | $23.91bn | $21.72bn | $20.41bn | $19.50bn | $18.96bn | $18.63bn | $19.00bn |
Financial ratios
Data as of 3 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 48.7% | 47.5% | 46.7% | 46.5% | 47.3% | 44.7% |
| Operating margin | 29.2% | 28.9% | 28.9% | 30.2% | 29.9% | 25.4% |
| Net margin | 24.7% | 26.4% | 25.9% | 25.3% | 25.5% | 21.0% |
| Return on equity | 34.3% | 37.8% | 41.9% | 53.5% | 48.1% | 34.2% |
| Return on assets | 19.3% | 20.9% | 22.3% | 24.4% | 22.8% | 16.2% |
| Free cash flow yield | 2.9% | 2.7% | 2.7% | 1.6% | 1.5% | 1.0% |
| Revenue growth | 4.4% | 2.5% | 2.8% | 11.8% | 34.1% | 17.8% |
| Earnings growth | -2.5% | 4.7% | 5.1% | 10.8% | 62.7% | 33.7% |
| Current ratio | 2.61x | 2.51x | 2.60x | 2.16x | 2.54x | 3.00x |
| Debt to equity | 0.33x | 0.33x | 0.35x | 0.45x | 0.45x | 0.52x |
| Equity ratio | 56.2% | 55.2% | 53.2% | 45.6% | 47.4% | 47.3% |
| Interest coverage | 30.81x | 31.85x | 32.16x | 34.16x | 29.19x | 18.19x |
| R&D as a share of sales | 12.6% | 11.9% | 11.7% | 10.7% | 10.8% | 13.0% |
| Buybacks as a share of market value | 3.6% | 1.7% | 2.0% | 5.3% | 1.5% | 1.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.2% | 10.5% | 11.4% |
| Operating income | 2.1% | 13.7% | 17.2% |
| Net income | 2.4% | 14.1% | 17.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 48.1% | 47.4% | 47.1% | 46.0% |
| Operating margin | 29.1% | 29.3% | 28.9% | 27.2% |
| Net margin | 25.5% | 25.6% | 25.0% | 23.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 29.3 | 18.8 | 19.9 | 12.8 | 24.2 | 22.0 | 21.0 | 10.6 | 15.6 | 20.5 |
| Price to sales | 7.2 | 5.0 | 5.2 | 3.2 | 6.2 | 4.6 | 3.9 | 1.9 | 3.7 | 3.3 |
Market value over time
31 Oct 2016 to 2 Sept 2026, in USD
$32.45bn$350.77bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 53% | 2% | 56% | -28% | 68% | 40% | 100% | -42% | 63% | 77% |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 19 Nov 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.05 | 1.78 | 1.52 | 1.22 | 1.02 | 0.94 | 0.87 | 0.83 |
- 2-for-1 split · 17 Apr 2002
- 2-for-1 split · 16 Mar 2000
- 2-for-1 split · 14 Oct 1997
- 2-for-1 split · 13 Oct 1995
- 2-for-1 split · 6 Oct 1993
- 2-for-1 split · 7 Apr 1992
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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