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Applied Materials Inc.
AMATSemiconductorsGenerated Jul 5, 2026, 08:13 PM UTC
AMAT (Applied Materials Inc.) analytical snapshot. Return on equity 56.22%, ROA 19.93%, ROIC 62.77%. Net income up ▲ +5.1% YoY. Debt/equity 0.23, current ratio 2.51, net debt -$853.0M. Market cap $478.79B at $603.04 per share. Trailing P/E 74.36, P/S 32.58, P/B 20.03. EV/Operating income ≈ 62.44 (EV $477.94B). Risk: Low. Macro: Risk-on · Supportive. Composite analytical score -2 (data confidence 84%). Descriptive analytics from public filings — not investment advice.
Market cap
$478.79B
793.96M shares
Price
$603.04
NMS
P/E (ttm)
74.36
Revenue (FY)
—
Net margin
—
Free cash flow
$7.59B
Risk level
Low
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 20Improving
80% conf
Return on equity 56.22%, ROA 19.93%, ROIC 62.77%. Net income up ▲ +5.1% YoY. Debt/equity 0.23, current ratio 2.51, net debt -$853.0M.
- Return on equity 56.22%, ROA 19.93%, ROIC 62.77%.
- Net income up ▲ +5.1% YoY.
- Debt/equity 0.23, current ratio 2.51, net debt -$853.0M.
Revenue (FY)
—
Net margin
—
ROE
56.22%
ROA 19.93%
ROIC
62.77%
EPS (diluted)
$8.11
FY2025
Free cash flow
$7.59B
Debt / equity
0.23
Cash $6.30B
Current ratio
2.51
Equity $23.91B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | — | — | — | — | — | $1.56B | 15.12 |
| 2017 | — | — | — | — | — | $948.0M | 17.50 |
| 2018 | $10.82B | — | 41.67 | 19.88 | 15.90 | $2.31B | 22.61 |
| 2019 | $14.70B | +35.8% | 44.99 | 26.78 | 23.94 | $3.44B | 47.47 |
| 2020 | — | — | — | — | — | $3.17B | 31.55 |
| 2021 | — | — | — | — | — | $2.81B | 39.53 |
| 2022 | — | — | — | — | — | $3.38B | 44.06 |
| 2023 | — | — | — | — | — | $4.77B | 55.66 |
| 2024 | — | — | — | — | — | $4.61B | 53.28 |
| 2025 | — | — | — | — | — | $7.59B | 56.22 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Jan 26, 2020 | $4.16B | — | — | 21.43% |
| Apr 26, 2020 | $8.12B | — | +95.1% | 20.29% |
| Apr 26, 2020 | $3.96B | — | -51.3% | 41.62% |
| Jul 26, 2020 | $12.51B | — | +216.2% | 19.88% |
| Jul 26, 2020 | $4.39B | — | -64.9% | 56.61% |
| Jan 31, 2021 | $5.16B | — | +17.5% | 21.89% |
Revenue (annual, SEC 10-K)
2016: 0
2017: 0
2018: 10,825
2019: 14,698
2020: 0
2021: 0
2022: 0
2023: 0
2024: 0
2025: 0
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
GrossOperatingNet
Free cash flow (annual)
2016: 1,559
2017: 948
2018: 2,313
2019: 3,444
2020: 3,165
2021: 2,806
2022: 3,382
2023: 4,774
2024: 4,612
2025: 7,594
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 5Stable
80% conf
Latest annual report (10-K) filed Dec 12, 2025. Latest quarterly report (10-Q) filed May 21, 2026. 17 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Dec 12, 2025.
- Latest quarterly report (10-Q) filed May 21, 2026.
- 17 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
Latest 10-K
Dec 12, 2025
Annual report
Latest 10-Q
May 21, 2026
8-K (recent)
17
Insider net
—
0B/0S
13F filers
—
Activist 13D
0
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| May 14, 2026 | 8-K | 8-K |
| Mar 13, 2026 | 8-K | 8-K |
| Feb 12, 2026 | 8-K | 8-K |
| Feb 12, 2026 | 8-K | 8-K |
| Nov 13, 2025 | 8-K | 8-K |
| Oct 23, 2025 | 8-K | 8-K |
| Oct 2, 2025 | 8-K | 8-K |
| Sep 26, 2025 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -6Stable
72% conf
1 risk signal(s), 2 positive signal(s), 1 watch item(s) detected from XBRL filing diff analysis. Strong cash conversion (OCF > NI) combined with growing deferred revenue provides high forward visibility. The business model appears to generate sustainable, recurring cash flows — a positive structural indicator.
- Gross margin compression: Gross margin contracted +26.5%pp (from 110.8% to 84.3%). This may reflect input cost inflation, pricing pressure, or product mix shift toward lower-margin segments.
- Operating cash flow exceeds net income: OCF is 1.27x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Deferred revenue growing — future revenue visibility: Deferred revenue grew +41.9% to $1.28B, providing forward revenue visibility. This is a positive leading indicator for subscription or contract-based businesses.
- R&D intensity declining: R&D as % of revenue fell from 25.6% to 21.1%. This may signal reduced innovation investment — potentially impacting long-term competitive position. Compare with peer R&D trends.
- Endogenous analysis: Strong cash conversion (OCF > NI) combined with growing deferred revenue provides high forward visibility. The business model appears to generate sustainable, recurring cash flows — a positive structural indicator.
- 6 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
Revenue
$14.70B
+35.8% YoY
Gross profit
$12.38B
+3.3% YoY
Operating income
$7.65B
-1.7% YoY
Net income
$6.86B
+5.1% YoY
Operating cash flow
$8.70B
+61.1% YoY
Capex
$1.11B
+40.5% YoY
Total assets
$34.41B
+12.0% YoY
Total liabilities
$15.41B
+7.1% YoY
Filing quality score
80/100
6 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $10.82B | $14.70B | $3.87B | +35.8% |
| Gross profit | $11.99B | $12.38B | $391.0M | +3.3% |
| Operating income | $7.79B | $7.65B | $-134.0M | -1.7% |
| Net income | $6.53B | $6.86B | $331.0M | +5.1% |
| Operating cash flow | $5.40B | $8.70B | $3.30B | +61.1% |
| Capex | $787.0M | $1.11B | $319.0M | +40.5% |
| Total assets | $30.73B | $34.41B | $3.68B | +12.0% |
| Total liabilities | $14.38B | $15.41B | $1.03B | +7.1% |
| Long-term debt | $5.31B | $5.31B | $4.0M | +0.1% |
| Cash & equivalents | $2.00B | $6.13B | $4.14B | +207.4% |
| Stockholders equity | $12.25B | $12.19B | $-53.0M | -0.4% |
| Inventory | $5.93B | $5.72B | $-207.0M | -3.5% |
| Accounts receivable | $6.07B | $5.17B | $-903.0M | -14.9% |
| R&D expense | $2.77B | $3.10B | $331.0M | +11.9% |
| SG&A expense | $942.0M | $1.63B | $686.0M | +72.8% |
| Interest expense | $240.0M | $236.0M | $-4.0M | -1.7% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | GovernmentAssistanceAmountCumulative, GovernmentAssistanceAmountCumulativeCurrent, GovernmentAssistanceAmountCumulativeNoncurrent, LitigationSettlementExpense, SeveranceCosts1, StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans |
| Removed | CommonStockParOrStatedValuePerShare, CommonStockSharesAuthorized, CommonStockSharesIssued, CommonStockSharesOutstanding, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentIncomeTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DeferredFederalIncomeTaxExpenseBenefit, DeferredForeignIncomeTaxExpenseBenefit |
Filing signal breakdown
Red flags: 1
Positive: 2
Watch: 1
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $478.79B at $603.04 per share.
- ProPrice & TechnicalsPrice $603.04 — uptrend (above 200-DMA); 1-month momentum positive.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Low.
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3 sections free · 4 Pro sections locked · composite -2
Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Applied Materials Inc. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewReturn on equity **56.22%**, ROA 19.93%, ROIC 62.77%..
Risk
Low
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow AMAT stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Marathon Petroleum MPC | 25 | Supportive |
| Nike Inc. NKE | 24 | Supportive |
| Airbnb Inc. ABNB | 22 | Supportive |
| Datadog Inc. DDOG | 16 | Supportive |
| Okta Inc. OKTA | 15 | Supportive |
| Valero Energy VLO | 13 | Supportive |
| Deere & Co. DE | 12 | Supportive |
| ASML Holding NV ASML | 10 | Supportive |
| Marriott International MAR | 10 | Supportive |
| GE Aerospace GE | 10 | Supportive |
| United Parcel Service UPS | 9 | Supportive |
| Snowflake Inc. SNOW | 8 | Supportive |
| Cloudflare Inc. NET | 8 | Supportive |
| NVIDIA Corp. NVDA | 7 | Supportive |
| Alphabet Inc. GOOGL | 7 | Supportive |
| General Motors Co. GM | 7 | Supportive |
| Booking Holdings BKNG | 6 | Supportive |
| Nucor Corp. NUE | 5 | Supportive |
| Shopify Inc. SHOP | 5 | Supportive |
| Ulta Beauty Inc. ULTA | 5 | Supportive |
| Pinterest Inc. PINS | 5 | Supportive |
| Amazon.com Inc. AMZN | 4 | Supportive |
| Microchip Technology MCHP | 3 | Supportive |
| Warner Bros Discovery WBD | 3 | Supportive |
| Adobe Inc. ADBE | 3 | Supportive |
| Intuit Inc. INTU | 2 | Supportive |
| General Dynamics GD | 1 | Supportive |
| Roku Inc. ROKU | 1 | Supportive |
| Lockheed Martin LMT | 0 | Supportive |
| Boeing Co. BA | 0 | Supportive |
| Hess Corp. HES | 0 | Supportive |
| MercadoLibre Inc. MELI | -1 | Supportive |
| EOG Resources EOG | -2 | Supportive |
| Applied Materials Inc. AMAT● you | -2 | Supportive |
| IBM Corp. IBM | -3 | Supportive |
| Energy Transfer ET | -3 | Supportive |
| Meta Platforms Inc. META | -4 | Supportive |
| Uber Technologies UBER | -4 | Supportive |
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| United Airlines Holdings UAL | -5 | Supportive |
| Caterpillar Inc. CAT | -5 | Supportive |
| Alibaba Group BABA | -5 | Supportive |
| Comcast Corp. CMCSA | -6 | Supportive |
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| Cisco Systems Inc. CSCO | -16 | Supportive |
| CSX Corp. CSX | -16 | Supportive |
| Microsoft Corp. MSFT | -16 | Supportive |
| Tesla Inc. TSLA | -17 | Supportive |
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| Dow Inc. DOW | -17 | Supportive |
| ON Semiconductor Corp. ON | -18 | Supportive |
| Oracle Corp. ORCL | -18 | Supportive |
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| Mosaic Co. MOS | -18 | Supportive |
| RTX Corp. RTX | -19 | Supportive |
| Advanced Micro Devices AMD | -19 | Supportive |
| Freeport-McMoRan FCX | -20 | Supportive |
| Dollar General Corp. DG | -20 | Supportive |
| Eaton Corp. ETN | -22 | Supportive |
| Chevron Corp. CVX | -22 | Supportive |
| T-Mobile US Inc. TMUS | -22 | Supportive |
| 3M Co. MMM | -23 | Supportive |
| Lowe's Cos. LOW | -24 | Supportive |
| Texas Instruments TXN | -24 | Supportive |
| Honeywell International HON | -24 | Supportive |
| Qualcomm Inc. QCOM | -25 | Supportive |
| Marvell Technology MRVL | -29 | Supportive |
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| Newmont Corp. NEM | -34 | Supportive |
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