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AMAT
Applied Materials Inc
NASDAQ· Technology· Semiconductor Equipment & Materials· CUSIP 038222105
$375.58-8.16%Price as of Oct 23, 00:41 UTC · updated once a day, after the close
At a glance
Applied Materials Inc (AMAT) is listed on NASDAQ and classified in Semiconductor Equipment & Materials, part of the Technology sector. It is headquartered in Santa Clara, United States and has 38,900 employees. The company is worth $298.06B and trades at 35.3x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $28.37B in fiscal 2025, up 4.4% from the year before. Net income was $7B. The share price is 49.2% below its 52-week high of $739.67. It pays a dividend yielding 0.56%, and has raised its annual dividend for 8 years in a row in our records. 13 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Philippe Laffont (Coatue Management), at $3.05B. In that quarter, 3 of them opened or added to the position and 8 reduced it. Over the last 30 days, company insiders sold $394.81K of its stock on the open market and bought none.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Analysis
Articles on this site that cover Applied Materials Inc.
Key metrics
- Market cap
- $298.06B
- P/E
- 35.3x
- Forward P/E
- 20.3x
- P/B
- 11.6x
- Dividend yield
- 0.56%
- Payout
- 19.93%
- EPS
- $10.64
- ROE
- 41.07%
- Profit margin
- 30.05%
- Revenue growth
- +24.80%
- Beta
- 1.59
- 52-week high
- $739.67
- 52-week low
- $203.40
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
- Philippe LaffontReducedCoatue Management · Q2 2026$3.05B4.21M shares · 6.3% of portfolio
- Chase ColemanReducedTiger Global Management · Q2 2026$1.18B1.63M shares · 4.9% of portfolio
- Stephen MandelNew positionLone Pine Capital · Q2 2026$873.19M1.21M shares · 5.3% of portfolio
Ken GriffinReducedCitadel Advisors · Q2 2026$781.53M1.08M shares · 0.5% of portfolio- Cliff AsnessAddedAQR Capital Management · Q2 2026$592.02M818.83K shares · 0.2% of portfolio
- Steve CohenReducedPoint72 Asset Management · Q2 2026$433.79M599.98K shares · 0.7% of portfolio
- Israel EnglanderReducedMillennium Management · Q2 2026$230.96M319.45K shares · 0.2% of portfolio
Ray DalioReducedBridgewater Associates · Q2 2026$210.7M291.43K shares · 0.9% of portfolio
Brad GerstnerNew positionAltimeter Capital · Q2 2026$189.39M261.95K shares · 1.9% of portfolio- Tom GaynerHeldMarkel Group · Q2 2026$26.28M36.35K shares · 0.2% of portfolio
- Two SigmaReducedTwo Sigma Investments · Q2 2026$21.52M29.76K shares · 0.0% of portfolio
- Lee AinslieReducedMaverick Capital · Q2 2026$1.78M2.47K shares · 0.0% of portfolio
- Baillie GiffordHeldBaillie Gifford & Co · Q2 2026$37.6K52 shares · 0.0% of portfolio
Price over time
▲ +178.1% over 5Y.
today you would have $3,121.66▲ +212.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $256.99 | $162.63 | $162.07 | $97.38 | $157.36 | $86.30 | $61.04 | $32.74 | $51.12 | $32.27 | $18.67 | $24.92 | $17.68 | $11.44 | $10.71 | $14.05 | $13.94 | $10.13 | $17.76 | |
| P/E | 20.0x | 29.7x | 18.9x | 20.0x | 13.1x | 24.6x | 22.0x | 21.3x | 11.1x | 15.7x | 21.0x | 16.7x | 28.6x | 84.2x | 127.1x | 7.4x | 20.1x | — | 14.5x | 14.8x |
| P/S | 3.2x | 7.2x | 4.9x | 5.1x | 3.2x | 6.1x | 4.6x | 3.8x | 1.9x | 3.7x | 3.2x | 2.2x | 3.4x | 2.8x | 1.6x | 1.3x | 2.0x | 3.7x | 1.7x | 2.6x |
| P/B | 4.6x | 10.0x | 7.0x | 8.2x | 6.7x | 11.4x | 7.5x | 6.8x | 4.6x | 5.6x | 4.7x | 2.8x | 3.9x | 3.0x | 1.9x | 1.6x | 2.5x | 2.6x | 1.8x | 3.2x |
| EPS | $8.66 | $8.61 | $8.11 | $7.44 | $6.40 | $3.92 | $2.86 | $2.96 | $3.25 | $1.54 | $1.12 | $0.87 | $0.21 | $0.09 | $1.45 | $0.70 | -$0.23 | $0.70 | $1.20 | |
| Dividend yield | 1.36% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% | 1.61% | 2.21% | 3.06% | 2.89% | 1.92% | 1.72% | 2.37% | 1.30% |
| Payout | 22.92% | 20.55% | 17.65% | 15.04% | 13.71% | 14.69% | 22.19% | 29.02% | 23.65% | 12.31% | 25.97% | 35.71% | 45.98% | 185.71% | 388.89% | 21.38% | 38.57% | — | 34.29% | 19.17% |
| Profit margin | 18.19% | 24.67% | 26.41% | 25.86% | 25.31% | 25.53% | 21.04% | 18.52% | 18.19% | 23.94% | 15.90% | 14.26% | 11.82% | 3.41% | 1.25% | 18.31% | 9.82% | -6.08% | 11.82% | 17.57% |
| ROE | 23.22% | 34.28% | 37.77% | 41.94% | 53.51% | 48.08% | 34.21% | 32.94% | 44.38% | 36.54% | 23.22% | 18.09% | 13.62% | 3.61% | 1.51% | 21.89% | 12.45% | -4.30% | 12.73% | 21.87% |
Median of the years shown; P/E years above 200x are left out.
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$87.92
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$188.78
Earnings growing 17.2% a year plus a 0.6% dividend yield. Growth capped at 25%.
Earnings
$297.97
Median P/E of 28.0 among peers in the sector.
Earnings
$213.09
Median P/E of 20.0 across this company’s own years on record.
Cash flow
$246.55
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Operating
$158.53
Sector median of 14.3x operating profit, less net debt. Banks have no EBITDA.
Dividends
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
How the average is calculated
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
Earnings $196.94 (avg. of 4)+Cash flow $246.55+Operating $158.53÷ 3 =$200.68
$200.68
6 methods answered, across 3 families.
$150.51
Room for errors in the reported numbers.
$375.58
-46.6% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Others in the same sector
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| PANWPalo Alto Networks Inc | $354.92 | 865.7x | 10.5x | 0.00% | 1.74% | $290.32B |
| LRCXLam Research Corp | $230.15 | 34.3x | 23.1x | 0.57% | 65.07% | $288.02B |
| DELLDell Technologies Inc. | $452.95 | 26.3x | — | 0.56% | — | $287.99B |
| SAPSAP SE | $240.59 | 29.8x | 5.6x | 1.22% | 18.32% | $277.69B |
| TXNTexas Instruments Inc | $279.50 | 36.9x | 15.6x | 2.18% | 35.18% | $255.25B |
| CRWDCrowdStrike Holdings, Inc. | $237.94 | 4758.8x | 47.8x | 0.00% | 1.46% | $243.64B |
About the company
- 38,900
- Santa Clara, United States