Applied Materials Inc (AMAT)
Information Technology · Semiconductor Materials & Equipment · US stock · S&P 500 component
$409.29
▼ -20.72 (4.82%)
Fair valueOvervalued
$261 −36.1% to fair value
$131fair band $183–$340$392
Day's range
$407.26 – $426.81
52-week range
$202.28 – $738.88
About Applied Materials Inc
Applied Materials supplies the machines, materials and services that chipmakers and display manufacturers use to produce their products. Its tools handle steps such as depositing thin films, etching patterns and inspecting wafers. The company earns money by selling equipment to semiconductor fabrication plants and then providing ongoing services, spare parts and upgrades to the installed base, so its sales follow the spending cycles of the chip industry.
Revenue over the last twelve months came to $30.8 billion, and sales grew by 3.2% a year on average across the past three years. Operating margin is 29.6% and return on invested capital is 33%. Net debt to EBITDA is -0.2 times, which means it holds more cash than debt. It pays a dividend with a yield of 0.5%. The X-Ray Score is 53 out of 100. These figures describe past results and the present financial position only.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $202.28 – $738.88Volume 8,536,500Daily, split-adjusted
Vitals
Market cap$327.4B
52-week range$202.28 – $738.88
Volume (last day)8,536,500
P/E (TTM)35.4
EBIT / EV yield2.8%
Free-cash-flow yield1.7%
Dividend yield0.5%
Revenue (TTM)$30.8B
Net income (TTM)$9.3B
Operating margin29.6%
Return on capital32.7%
Debt incl. leases$7.7B
Cash & securities$9.2B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$261model spread $253 – $270
Overvalued
−36.1% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Multiples use through-the-cycle earnings (0.94x of the last twelve months)
Price $409
Undervalued < $183Fair $183 – $340Overvalued > $340
10-year DCF (market-scaled)
$228
Peer multiples
$308
Earnings power floor (not blended)
$87
Fundamentals-adjusted multiple
$248
Growth the price implies
29.4%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Weak
37/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.8%
Free-cash-flow yield1.7%
Fair value vs price0.6×
Growth
Weak
30/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)3.2%
EPS growth (3y)5.2%
Growth consistency80%
Profitability
Fair
63/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital32.7%
Operating margin29.6%
Gross profitability35.0%
Financial health
Strong
73/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA-0.2×
Interest cover33.0×
Dividends
Fair
59/100
Dividend is typical for its sector.
See the numbers →
Dividend yield0.5%
Dividends vs free cash flow28%
Dividend growth16.6%
Quarterly results: last 6 quarters
+6.8%
Apr '25
+7.7%
Jul '25
-3.5%
Oct '25
-2.1%
Jan '26
+11.4%
Apr '26
+24.8%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $9.1B, diluted EPS $3.17.
Compare with peers
LRCX Lam Research Corp56 KLAC Kla Corp50 TER Teradyne, Inc44 Q Qnity Electronics, Inc...38Other Semiconductor Materials & Equipment companies by X-Ray Score.
Fundamentals checklist
● 6 Good · ● 6 Average · ● 4 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverAverage
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 49/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $23.1B | $25.8B | $26.5B | $27.2B | $28.4B |
| Operating income | $6.9B | $7.8B | $7.7B | $7.9B | $8.3B |
| Net income | $5.9B | $6.5B | $6.9B | $7.2B | $7.0B |
| Operating cash flow | $5.4B | $5.4B | $8.7B | $8.7B | $8.0B |
| Operating margin | 29.9% | 30.2% | 28.9% | 28.9% | 29.2% |
| Free cash flow | $4.8B | $4.6B | $7.6B | $7.5B | $5.7B |
| Diluted EPS | $6.40 | $7.44 | $8.11 | $8.61 | $8.66 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
4 bullish · 0 neutral · 12 bearish
Weekly
Neutral
5 bullish · 1 neutral · 6 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 485.8 | Bearish |
| EMA 10 | 467.0 | Bearish |
| SMA 20 | 490.4 | Bearish |
| EMA 20 | 477.7 | Bearish |
| SMA 50 | 482.1 | Bearish |
| EMA 50 | 486.0 | Bearish |
| SMA 100 | 516.4 | Bearish |
| EMA 100 | 480.6 | Bearish |
| SMA 200 | 438.4 | Bearish |
| EMA 200 | 435.0 | Bearish |
Oscillators (daily)
| RSI (14) | 29.21 | Bullish |
| MACD (12, 26) | -8.52 | Bearish |
| Momentum (12) | -19.96 | Bearish |
| Stochastic %K (14) | 1.45 | Bullish |
| Williams %R (14) | -98.55 | Bullish |
| CCI (20) | -165.1 | Bullish |
Pivot points (classic, last session)
S3 382.5 | S2 394.9 | S1 402.1 | Pivot 414.5 | R1 421.6 | R2 434.0 | R3 441.2 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.98 USD
Yield on today's price
0.48%
Frequency
Quarterly
Next ex-dividend date
19 Nov 2026
| Ex-dividend date | Amount per share |
|---|---|
| 19 Nov 2026 (upcoming) | 0.5300 |
| 20 Aug 2026 | 0.5300 |
| 21 May 2026 | 0.5300 |
| 19 Feb 2026 | 0.4600 |
| 20 Nov 2025 | 0.4600 |
| 21 Aug 2025 | 0.4600 |
| 22 May 2025 | 0.4600 |
| 20 Feb 2025 | 0.4000 |
| 21 Nov 2024 | 0.4000 |
| 22 Aug 2024 | 0.4000 |
| 22 May 2024 | 0.4000 |
| 21 Feb 2024 | 0.3200 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
AMAT SEC filings
27 Aug 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
20 Aug 2026
10-QSEC EDGAR
Quarterly report
13 Aug 2026
8-KSEC EDGAR
Results of operations
21 May 2026
10-QSEC EDGAR
Quarterly report
14 May 2026
8-KSEC EDGAR
Results of operations
13 Mar 2026
8-KSEC EDGAR
Shareholder vote results
19 Feb 2026
10-QSEC EDGAR
Quarterly report
12 Feb 2026
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.