Applied Materials, Inc. — AMAT

Close PriceMarket CapP/E RatioForward P/E RatioImplied Growth*Implied Forward Growth*DividendP/B Ratio
$301.89$240.50B34.925.717.4%14.1%$1.84
0.6%		11.7

Latest Headlines

Revenue & Net Income

Revenue & Net Income
  Date Revenue Net Income EPS Revenue Change Net Income Change EPS Change
0 2020-10-31 $17.2B $3.6B $3.95 N/A N/A N/A
1 2021-10-31 $23.1B $5.9B $6.47 34.1% 62.7% 63.8%
2 2022-10-31 $25.8B $6.5B $7.49 11.8% 10.8% 15.8%
3 2023-10-31 $26.5B $6.9B $8.16 2.8% 5.1% 8.9%
4 2024-10-31 $27.2B $7.2B $8.68 2.5% 4.7% 6.4%
5 TTM 2025-04-30 $28.1B $4.6B $8.07 3.4% -35.6% -7.0%
6 Average 10.9% 9.5% 17.6%

EPS

EPS

Forecasts

Revenue/Net Income Forecast EPS Forecast

Y/Y % Change

Revenue YoY Change EPS YoY Change
YoY Growth Rates

AMAT Year-over-Year Growth

  2020 2021 2022 2023 2024 2026 2027 Average
Revenue Growth (%) 34.1% 11.8% 2.8% 2.5% 6.6% 10.7% 11.4%
Revenue Analysts (#) 0 0 0 0 0 7 7
EPS Growth (%) 62.7% 10.8% 5.1% 4.7% 6.0% 18.6% 18.0%
EPS Analysts (#) 0 0 0 0 0 10 10

Expenses

Revenue vs Expenses
Year Revenue ($) Cost of Revenue ($) R&D ($) Sales & Marketing ($) G&A ($) SG&A ($) Facilities / D&A ($)
2022 $25.8B $13.3B $2.8B $703.0M $735.0M $1.4B $444.0M
2023 $26.5B $13.6B $3.1B $776.0M $852.0M $1.6B $515.0M
2024 $27.2B $13.9B $3.2B $836.0M $961.0M $1.8B $392.0M
2025 $28.4B $14.1B $3.6B $858.0M $910.0M $1.8B $435.0M
Expenses % of Revenue
Year Revenue Change (%) Cost of Revenue Change (%) R&D Change (%) Sales & Marketing Change (%) G&A Change (%) SG&A Change (%) Facilities / D&A Change (%)
2023 2.84 2.02 11.95 10.38 15.92 13.21 15.99
2024 2.49 1.98 4.22 7.73 12.79 10.38 -23.88
2025 4.39 1.71 10.42 2.63 -5.31 -1.61 10.97
No unmapped expenses.

Segment Performance

axis1_AMAT_Applied_Global_Services.png
axis1_AMAT_Semiconductor_Systems.png
SEGMENTS v2025-09-09 · 2026-01-14 21:44 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
Year Semiconductor Systems Rev Semiconductor Systems OI Applied Global Services Rev Applied Global Services OI Total Rev Total OI
2023 19.7B 6.88B 5.73B 1.53B 25.4B 8.41B
2024 19.9B 6.98B 6.22B 1.81B 26.1B 8.79B
2025 20.8B 7.38B 6.38B 1.79B 27.2B 9.17B
TTM 81.8B 29B 25.1B 7.17B 107B 36.2B
% of Total (TTM) 76.5% — 23.5% — 100% —

Balance Sheet

Balance Sheet
  Metric Value
0 Total Assets $34,211M
1 Cash $5,384M
2 Total Liabilities $14,707M
3 Total Debt $6,763M
4 Total Equity $19,504M
5 Debt to Equity Ratio 0.35

EPS & Dividend

EPS & Dividend

Valuation

Valuation
Share Price Treasury Yield Estimates Fair Value (P/E) Fair Value (P/S) Current P/S Current P/E
$301.89 4.1% Nicks Growth: 10%
Nick's Expected Margin: 25%
FINVIZ Growth: 9%		 Nicks: 18
Finviz: 16		 Nick's: 4.418 8.5 34.9
Basis Year Nicks Valuation Nicks vs Share Price Finviz Valuation Finviz vs Share Price
$8.66 EPS TTM $153.05 -49.3% $139.72 -53.7%
$9.55 EPS 2026 $168.78 -44.1% $154.08 -49.0%
$11.33 EPS 2027 $200.24 -33.7% $182.80 -39.4%

Implied Growth

Implied Growth
Average Median Std Dev Current Percentile
TTM Forward TTM Forward TTM Forward TTM Forward TTM Forward
Timeframe
1 Year 13.65% 11.88% 13.52% 11.83% 1.72% 1.51% 17.58% 14.20% 99.3% 94.6%
3 Years 13.65% 11.88% 13.52% 11.83% 1.72% 1.51% 17.58% 14.20% 99.3% 94.6%
5 Years 13.65% 11.88% 13.52% 11.83% 1.72% 1.51% 17.58% 14.20% 99.3% 94.6%
10 Years 13.65% 11.88% 13.52% 11.83% 1.72% 1.51% 17.58% 14.20% 99.3% 94.6%

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