Semiconductor equipment supplier providing deposition, process, and materials engineering tools for logic and memory fabs.MoreShow less
Profile & Fundamentals
Applied Materials (AMAT.NASDAQ) Profile & Fundamentals
Review Applied Materials reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
Applied Materials: Company Profile & Ownership
Applied Materials, Inc. provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries in the United States, China, Korea, Taiwan, Japan, Southeast Asia, Europe, and internationally. The company operates through Semiconductor Systems and Applied Global Services (AGS) segments. The Semiconductor Systems segment includes semiconductor capital equipment to enable materials engineering steps, including etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The AGS segment offers integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, and 200 millimeter and other equipment and factory automation software for semiconductor and other products. It serves manufacturers of semiconductor wafers and chips, and other electronic devices. Applied Materials, Inc. was incorporated in 1967 and is headquartered in Santa Clara, California.
Company profile record
Applied Materials Inc
Common Stock · Information Technology · Semiconductor Materials & Equipment
Company
- Company / asset
- Applied Materials Inc
- Security type
- Common Stock
- Sector
- Information Technology
- Industry
- Semiconductor Materials & Equipment
- HQ
- 🇺🇸 United States
- Head office
- 3050 Bowers Avenue, Santa Clara, CA, United States, 95052-8039
Leadership & scale
- Chief executive
- Mr. Gary E. Dickerson
- CEO year born
- 1957
- Full-time employees
- 38.9K
- Fiscal year end
- October
- IPO date
- 1972-10-05
Fundamentals snapshot
- Market Cap
- USD 266.2B
- P/E
- 28.7x
- Revenue (Q3 26)
- USD 9.1B
- Profit (Q3 26)
- USD 2.5B
- Dividend Yield
- 0.4%
- Revenue (FY 25)
- USD 28.4B
- Shares in public float
- 790.5M
- Insider ownership
- 0.33%
Reporting & identifiers
- Symbol
- AMAT.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US0382221051
- Asset ID
- equity_6aa5515c-952b-5a96-8aa8-824095495923
Applied Materials: Ownership
Shares Outstanding
Latest: 800.0M | Max: 1.1B | Min: 798.0M
Latest reported ownership snapshot
Float Shares
98.81%
790.5M latest reported shares
Insider Ownership
0.33%
Latest reported insider stake
Short Float
0.02%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 1,076,000,000 |
| 2018-01-01 | 984,000,000 |
| 2019-01-01 | 931,000,000 |
| 2020-01-01 | 921,000,000 |
| 2021-01-01 | 907,000,000 |
| 2022-01-01 | 859,000,000 |
| 2023-01-01 | 842,000,000 |
| 2024-01-01 | 828,000,000 |
| 2025-01-01 | 798,000,000 |
| 2026-01-01 | 800,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 80,212,518 | 10.11% | 2026-06-30 |
| Vanguard Capital Management, LLC | 51,848,358 | 6.53% | 2026-06-30 |
| State Street Corp | 38,240,019 | 4.82% | 2026-06-30 |
| Amvescap Plc. | 28,265,844 | 3.56% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 25,190,021 | 3.17% | 2026-09-30 |
| Capital Research Global Investors | 22,159,097 | 2.79% | 2026-06-30 |
| Geode Capital Management, LLC | 22,007,983 | 2.77% | 2026-06-30 |
| Vanguard 500 Index Investor | 20,852,791 | 2.63% | 2026-09-30 |
| Vanguard Portfolio Management, LLC | 18,553,307 | 2.34% | 2026-06-30 |
| Invesco QQQ Trust | 16,508,577 | 2.08% | 2026-10-30 |
| JPMorgan Chase & Co | 13,886,053 | 1.75% | 2026-06-30 |
| Morgan Stanley - Brokerage Accounts | 13,523,832 | 1.7% | 2026-06-30 |
| T. Rowe Price Associates, Inc. | 12,627,555 | 1.59% | 2026-06-30 |
| NORGES BANK | 11,305,788 | 1.42% | 2026-06-30 |
| iShares Core S&P 500 ETF | 10,563,987 | 1.33% | 2026-10-23 |
Applied Materials: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Applied Materials demonstrated explosive operational momentum through July 2026, delivering record quarterly revenue of $9.12 billion, up 24.8% year-over-year, and pushing trailing revenue to $30.8 billion. Net income climbed to $9.27 billion as chipmakers rushed to secure tools for advanced artificial intelligence hardware and new transistor manufacturing. However, headline profits mask underlying cash flow divergence. Trailing free cash flow of $5.62 billion trailed net income by over $3.6 billion due to working-capital expansion and customer installation buffering. As early rush orders subside and Asian mature-node demand cools, revenue growth will decelerate toward mid-single digits.
Applied Materials demonstrated explosive operational momentum through July 2026, delivering record quarterly revenue of $9.12 billion, up 24.8% year-over-year, and pushing trailing revenue to $30.8 billion. Net income climbed to $9.27 billion as chipmakers rushed to secure tools for advanced artificial intelligence hardware and new transistor manufacturing. However, headline profits mask underlying cash flow divergence. Trailing free cash flow of $5.62 billion trailed net income by over $3.6 billion due to working-capital expansion and customer installation buffering. As early rush orders subside and Asian mature-node demand cools, revenue growth will decelerate toward mid-single digits.
Revenue, Net Income, and Free Cash Flow
Latest: USD 28.4B | Max: USD 28.4B | Min: USD 1.7B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 27x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability has reached impressive peaks, with gross margin expanding to 48.7% in fiscal 2025 and operating margins firming near 30.5% in recent quarters. This margin climb reflects exceptional pricing power on proprietary tools used in complex gate-all-around transistor manufacturing and high-margin subscription maintenance services. Nonetheless, these peak margins are cyclically vulnerable. Expanding research expenditures and product mix shifts away from lucrative trailing-edge Chinese tool shipments will create margin friction. When factory utilization temporarily softens during customer digestion phases, operating margins are expected to normalize toward mid-twenties historical averages.
Profitability has reached impressive peaks, with gross margin expanding to 48.7% in fiscal 2025 and operating margins firming near 30.5% in recent quarters. This margin climb reflects exceptional pricing power on proprietary tools used in complex gate-all-around transistor manufacturing and high-margin subscription maintenance services. Nonetheless, these peak margins are cyclically vulnerable. Expanding research expenditures and product mix shifts away from lucrative trailing-edge Chinese tool shipments will create margin friction. When factory utilization temporarily softens during customer digestion phases, operating margins are expected to normalize toward mid-twenties historical averages.
Profitability Margins
Latest: 48.7% | Max: 48.7% | Min: 15.9%
Latest Profitability Ratios as of 2025-10-31
Gross Margin
48.7%
Gross profit / revenue
Operating Margin
29.2%
Operating income / revenue
Net Margin
24.7%
Net income / revenue
FCF Margin
20.1%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-10-31 | 10,825,000,000 | 1,721,000,000 | 2,213,000,000 |
| 2017-10-31 | 14,698,000,000 | 3,519,000,000 | 3,264,000,000 |
| 2018-10-31 | 16,705,000,000 | 3,038,000,000 | 3,165,000,000 |
| 2019-10-31 | 14,608,000,000 | 2,706,000,000 | 2,806,000,000 |
| 2020-10-31 | 17,202,000,000 | 3,619,000,000 | 3,382,000,000 |
| 2021-10-31 | 23,063,000,000 | 5,888,000,000 | 4,774,000,000 |
| 2022-10-31 | 25,785,000,000 | 6,525,000,000 | 4,612,000,000 |
| 2023-10-31 | 26,517,000,000 | 6,856,000,000 | 7,594,000,000 |
| 2024-10-31 | 27,176,000,000 | 7,177,000,000 | 7,487,000,000 |
| 2025-10-31 | 28,368,000,000 | 6,998,000,000 | 5,698,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-10-31 | 26.6 | Trailing four quarters |
| 2024-10-31 | 20.9 | Trailing four quarters |
| 2023-10-31 | 16.3 | Trailing four quarters |
| 2022-10-31 | 11.6 | Annual net income |
| 2021-10-31 | 21 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-10-31 | 41.67 | 19.88 | 15.9 | 20.44 |
| 2017-10-31 | 44.99 | 26.78 | 23.94 | 22.21 |
| 2018-10-31 | 45 | 26.88 | 18.19 | 18.95 |
| 2019-10-31 | 43.72 | 22.93 | 18.52 | 19.21 |
| 2020-10-31 | 44.72 | 25.37 | 21.04 | 19.66 |
| 2021-10-31 | 47.32 | 29.87 | 25.53 | 20.7 |
| 2022-10-31 | 46.51 | 30.2 | 25.31 | 17.89 |
| 2023-10-31 | 46.7 | 28.86 | 25.86 | 28.64 |
| 2024-10-31 | 47.46 | 28.95 | 26.41 | 27.55 |
| 2025-10-31 | 48.67 | 29.22 | 24.67 | 20.09 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-03.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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