APPLIED MATERIALS INC /DE AMAT

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

Applied Materials, Inc. is the leader in the materials engineering solutions used to produce virtually every semiconductor in the world. Semiconductors provide the foundation for advances in technology that are reshaping the global economy, including artificial intelligence, the internet of things, robotics, electric and autonomous vehicles, and clean energy. We are experts in the design, development, production, and servicing of the critical wafer fabrication tools our customers need to manufacture semiconductors. Our customers' products are used across personal computing devices, mobile phones, artificial intelligence (AI) and data center servers, automobiles, connected devices, industrial applications and consumer electronics. We are well positioned to address the increasing complexity in manufacturing semiconductors, by leveraging the semiconductor capital equipment industry's most comprehensive portfolio of products to connect and co-optimize our technologies. This enables our customers to evolve their semiconductor technology roadmaps and achieve superior results in their products.

Last close 377.24 2026-10-23
Market cap $299.38B 2026-07-26 share count
52-week range 203.40 - 739.67

Valuation FY2025 figures against the last close

P/S10.6x
P/E43.6x
P/FCF52.5x
EV/EBITDA34.3x
Dividend yield0.5%
Diluted EPS8.66

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • China
  • Taiwan
  • Korea
  • United States
  • Japan
  • Southeast Asia
  • Europe
Revenue by geography, 7 categories over 3 years. The same figures are in the table below. FY2025 China, FY2025: 8.5B (30.1%) 30% China Taiwan, FY2025: 6.9B (24.2%) 24% Taiwan Korea, FY2025: 5.6B (19.8%) 20% Korea United States, FY2025: 3.1B (10.8%) 11% United States Japan, FY2025: 2.3B (8.0%) 8% Japan Southeast Asia, FY2025: 1.1B (3.8%) 4% Europe, FY2025: 962M (3.4%) FY2024 China, FY2024: 10.1B (37.2%) 37% Taiwan, FY2024: 4B (14.8%) 15% Korea, FY2024: 4.5B (16.5%) 17% United States, FY2024: 3.8B (14.0%) 14% Japan, FY2024: 2.2B (7.9%) 8% Southeast Asia, FY2024: 1.1B (4.2%) 4% Europe, FY2024: 1.4B (5.3%) 5% FY2023 China, FY2023: 7.2B (27.3%) 27% Taiwan, FY2023: 5.7B (21.4%) 21% Korea, FY2023: 4.6B (17.4%) 17% United States, FY2023: 4B (15.1%) 15% Japan, FY2023: 2.1B (7.8%) 8% Southeast Asia, FY2023: 758M (2.9%) Europe, FY2023: 2.2B (8.1%) 8%
Region FY2025FY2024FY2023
China $8.53B $10.12B $7.25B
Taiwan $6.86B $4.01B $5.67B
Korea $5.61B $4.49B $4.61B
United States $3.06B $3.82B $4.01B
Japan $2.27B $2.15B $2.08B
Southeast Asia $1.08B $1.14B $758.0M
Europe $962.0M $1.44B $2.15B

As the company reported it, from the “Industry Segment Operations - Summary of Net Sales and Long-lived Assets (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $28.37B$27.18B$26.52B$25.79B$23.06B$17.20B$14.61B$16.70B$14.70B$10.82B
Cost of revenue $14.56B$14.28B$14.13B$13.79B$12.15B$9.51B$8.22B$9.19B$8.09B$6.31B
Gross profit $13.81B$12.90B$12.38B$11.99B$10.91B$7.69B$6.39B$7.52B$6.61B$4.51B
R&D $3.57B$3.23B$3.10B$2.77B$2.48B$2.23B$2.05B$2.02B$1.78B$1.54B
SG&A $1.77B$1.80B$1.63B$735.0M$620.0M$567.0M$461.0M$483.0M$438.0M$390.0M
Total operating expenses $5.52B$5.03B$4.73B$4.21B$4.03B$3.33B$3.04B$3.03B$2.68B$2.36B
Operating income $8.29B$7.87B$7.65B$7.79B$6.89B$4.37B$3.35B$4.49B$3.94B$2.15B
Interest expense $269.0M$247.0M$238.0M$228.0M$236.0M$240.0M$237.0M$234.0M$198.0M$155.0M
Pre-tax income $9.27B$8.15B$7.72B$7.60B$6.77B$4.17B$3.27B$4.40B$3.82B$2.01B
Income tax $2.27B$975.0M$860.0M$1.07B$883.0M$547.0M$563.0M$1.36B$297.0M$292.0M
Net income $7.00B$7.18B$6.86B$6.53B$5.89B$3.62B$2.71B$3.04B$3.52B$1.72B
EPS, basic 8.718.688.167.496.473.952.893.003.281.56
EPS, diluted 8.668.618.117.446.403.922.862.963.251.54
Shares, diluted (wtd. avg.) 808.0M834.0M845.0M877.0M919.0M923.0M945.0M1.03B1.08B1.12B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $7.24B$8.02B$6.13B$2.10B$5.10B$5.47B$3.13B$3.44B$5.01B$3.41B
Short-term investments $1.33B$1.45B$737.0M$586.0M$464.0M$387.0M$489.0M$590.0M$2.27B$343.0M
Receivables $5.18B$5.23B$5.17B$6.07B$4.95B$2.96B$2.53B$2.32B$2.34B$2.28B
Inventory $5.92B$5.42B$5.72B$5.93B$4.31B$3.90B$3.47B$3.72B$2.71B$2.05B
Total current assets $20.88B$21.22B$19.15B$15.93B$16.11B$13.37B$10.21B$10.60B$12.92B$8.35B
Property, plant and equipment $4.61B$3.34B$2.72B$2.31B$1.93B$1.60B$1.53B$1.41B$1.07B$937.0M
Goodwill $3.71B$3.73B$3.73B$3.70B$3.48B$3.47B$3.40B$3.37B$3.37B$3.32B
Other intangibles $226.0M$249.0M$294.0M$339.0M$104.0M$153.0M$156.0M$213.0M$412.0M$575.0M
Total assets $36.30B$34.41B$30.73B$26.73B$25.82B$22.35B$19.02B$17.63B$19.42B$14.57B
Accounts payable $1.98B$1.57B$1.48B$1.75B$1.47B$1.12B$958.0M$996.0M$945.0M$813.0M
Short-term debt $0$700.0M$0$0—$0$600.0M$0$0$200.0M
Total current liabilities $8.00B$8.47B$7.37B$7.38B$6.34B$4.46B$4.45B$3.92B$4.12B$3.63B
Long-term debt $6.46B$5.46B$5.46B$5.46B$5.45B$5.45B$4.71B$5.31B$5.30B$3.12B
Total liabilities $15.88B$15.41B$14.38B$14.53B$13.58B$11.78B$10.81B$10.79B$10.07B$7.35B
Retained earnings $55.23B$49.65B$43.73B$37.89B$32.25B$27.21B$24.39B$20.88B$18.26B$15.25B
Total equity $20.41B$19.00B$16.35B$12.19B$12.25B$10.58B$8.21B$6.84B$9.63B$7.41B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $7.96B$8.68B$8.70B$5.40B$5.44B$3.80B$3.25B$3.79B$3.79B$2.57B
Depreciation and amortisation $389.0M$346.0M$471.0M$404.0M$345.0M$376.0M$363.0M$258.0M$214.0M$200.0M
Stock-based compensation $668.0M$577.0M$490.0M$413.0M$346.0M$307.0M$263.0M$258.0M$220.0M$201.0M
Capital expenditure $2.26B$1.19B$1.11B$787.0M$668.0M$422.0M$441.0M$622.0M$345.0M$253.0M
Investing cash flow -$2.78B-$2.33B-$1.53B-$1.36B-$1.22B-$130.0M-$443.0M$571.0M-$2.53B-$425.0M
Financing cash flow -$5.98B-$4.47B-$3.03B-$7.04B-$4.59B-$1.34B-$3.12B-$5.93B$341.0M-$3.53B
Dividends paid $1.38B$1.19B$975.0M$873.0M$838.0M$787.0M$771.0M$605.0M$430.0M$444.0M
Buybacks $4.89B$3.82B$2.19B$6.10B$3.75B$649.0M$2.40B$5.28B$1.17B$1.89B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-25-056742.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B Revenue, FY2016: 10.8B Gross profit, FY2016: 4.5B Net income, FY2016: 1.7B Revenue, FY2017: 14.7B Gross profit, FY2017: 6.6B Net income, FY2017: 3.5B Revenue, FY2018: 16.7B Gross profit, FY2018: 7.5B Net income, FY2018: 3B Revenue, FY2019: 14.6B Gross profit, FY2019: 6.4B Net income, FY2019: 2.7B Revenue, FY2020: 17.2B Gross profit, FY2020: 7.7B Net income, FY2020: 3.6B Revenue, FY2021: 23.1B Gross profit, FY2021: 10.9B Net income, FY2021: 5.9B Revenue, FY2022: 25.8B Gross profit, FY2022: 12B Net income, FY2022: 6.5B Revenue, FY2023: 26.5B Gross profit, FY2023: 12.4B Net income, FY2023: 6.9B Revenue, FY2024: 27.2B Gross profit, FY2024: 12.9B Net income, FY2024: 7.2B Revenue, FY2025: 28.4B Gross profit, FY2025: 13.8B Net income, FY2025: 7B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $10.82B $14.70B $16.70B $14.61B $17.20B $23.06B $25.79B $26.52B $27.18B $28.37B
Gross profit $4.51B $6.61B $7.52B $6.39B $7.69B $10.91B $11.99B $12.38B $12.90B $13.81B
Net income $1.72B $3.52B $3.04B $2.71B $3.62B $5.89B $6.53B $6.86B $7.18B $7.00B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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