Stocks · Technology · Semiconductors
Applied Materials, Inc. AMAT
$540.04 +2.03% Close, Oct 2, 2026 · NASDAQ · Market cap $428.77B
Strong trend
Next earnings report: Nov 12, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Over the past year the stock returned +148.0%, ahead of the S&P 500 by 132.9 percentage points.
- At 46.6× trailing earnings, the shares trade at the highest P/E of the company's past five years.
- Earnings beat analyst estimates in each of the last 14 quarters (average surprise over the last four: +5.0%).
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth47Neutral
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 35%
- EPS growth (TTM, YoY)Top 35%
- FCF growth (TTM, YoY)Bottom 27%
- Revenue growth, 3-year CAGRBottom 40%
- Revenue growth accelerationTop 23%
Quality70Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 7%
- Gross marginBottom 49%
- Operating marginTop 8%
- Cash conversion (OCF / net income)Bottom 16%
- Accruals (lower is better)Bottom 11%
- Net debt / EBITDA (lower is better)Top 45%
- Interest coverTop 11%
Value30Weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 38%
- Free-cash-flow yieldBottom 37%
- EBITDA / enterprise valueBottom 47%
- Sales / enterprise valueBottom 17%
- P/E vs own 5-year history (lower is better)Bottom 4%
Momentum87Strong
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 9%
- 6-month returnTop 26%
- 1-year return vs S&P 500Top 7%
- Distance from 52-week highTop 45%
- Trend checklist (0–4)Top 18%
Revisions77Positive
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 38%
- Consecutive EPS beatsTop 9%
- Share of analysts rating BuyTop 27%
- Upside to consensus price targetBottom 47%
Stability58Neutral
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 48%
- Maximum drawdown, 3 yearsTop 27%
- Beta vs S&P 500 (lower is better)Bottom 42%
- Net debt / EBITDA (lower is better)Top 45%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 3.3% | 7.8% | ↑ |
| EPS growth (YoY) | 29.4% | 38.4% | ↑ |
| Gross margin | 48.5% | 49.4% | ↑ |
| Operating margin | 30.1% | 30.5% | ↑ |
| FCF margin | 20.4% | 18.2% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 7.8% | 3.3% | ↑ | Bottom 35% |
| EPS growth (TTM, YoY) | 38.4% | 29.4% | ↑ | Top 35% |
| Gross margin | 49.4% | 48.5% | ↑ | Bottom 49% |
| Operating margin | 30.5% | 30.1% | ↑ | Top 8% |
| Net margin | 30.1% | 23.9% | ↑ | — |
| Free-cash-flow margin | 18.2% | 20.4% | ↓ | — |
| Return on invested capital | 23.5% | — | Top 7% | |
| Revenue growth, 3-year CAGR | 3.2% | — | Bottom 40% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.91×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 2.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.2%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +24.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.03×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 34.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.35%
- Net buyback yield (TTM)
- 0.41%
- Shareholder yield
- 0.76%
- Share count change, 1 year
- -1.4%
- Share count change, 3-year CAGR
- -1.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jul 26, 2026 (filed Aug 20, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 14
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +5.0%
- Average 2-day reaction, last 8
- -0.7%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $662.87
- Target vs current price
- +22.7%
- Analysts with a rating
- 55
- Share rating Buy or Strong Buy
- 78%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 13, 2026 | +2.9% | -2.5% | -9.5% | -17.2% | — |
| May 14, 2026 | +6.7% | +0.9% | -2.2% | +26.6% | +19.6% |
| Feb 12, 2026 | +7.7% | -3.4% | +8.8% | -0.8% | +28.1% |
| Dec 12, 2025 | +2.8% | -4.0% | -6.1% | +13.7% | +30.0% |
| Aug 14, 2025 | +5.1% | -0.9% | -15.3% | -10.5% | +22.9% |
| May 15, 2025 | +3.5% | +0.4% | -6.8% | +0.5% | +5.9% |
| Feb 13, 2025 | +4.4% | +1.9% | -2.7% | -17.1% | -14.0% |
| Nov 14, 2024 | +5.9% | +1.8% | -6.7% | -7.5% | -1.0% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 13, 2026 | $3.50 | $3.40 | +2.9% | $9.12B |
| May 14, 2026 | $2.86 | $2.68 | +6.7% | $7.91B |
| Feb 12, 2026 | $2.38 | $2.21 | +7.7% | $7.01B |
| Dec 12, 2025 | $2.17 | $2.11 | +2.8% | $6.80B |
| Aug 14, 2025 | $2.48 | $2.36 | +5.1% | $7.30B |
| May 15, 2025 | $2.39 | $2.31 | +3.5% | $7.10B |
| Feb 13, 2025 | $2.38 | $2.28 | +4.4% | $7.17B |
| Nov 14, 2024 | $2.32 | $2.19 | +5.9% | $7.04B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 46.6× | 20.0× | 100th | Top 38% |
| P/E (forward) | 42.2× | — | — | — |
| EV / EBITDA | 37.7× | — | — | Bottom 47% |
| EV / Sales | 13.91× | — | — | Bottom 17% |
| Free-cash-flow yield | 1.31% | — | — | Bottom 37% |
| Earnings yield | 2.15% | — | — | Top 38% |
P/E over the past five years
Range 14.0× – 42.8× since Aug 1, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +148.0%
- Earnings per share growth (TTM)
- +38.4%
- Change in P/E multiple
- +124.3%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 4
- Days above the 200-day average
- 265
- 50-day average slope (20 days)
- -9.5%
- 200-day average slope (20 days)
- +5.3%
- Distance from 50-day average
- +10.9%
- Distance from 200-day average
- +26.3%
- RSI (14)
- 69.2
- Relative volume
- 0.96×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 63.2%
- Volatility vs own 5-year history
- 94th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.53
- Correlation with S&P 500
- 0.50
- Current drawdown from 1-year high
- -25.3%
- Maximum drawdown, 3 years
- -50.2%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jan 14, 2022 | Oct 17, 2022 | -55.4% | 189 days | 315 days (Jan 19, 2024) |
| Jul 10, 2024 | Apr 4, 2025 | -50.2% | 185 days | 166 days (Dec 2, 2025) |
| Jun 30, 2026 | Sep 16, 2026 | -42.5% | 54 days | Not yet recovered |
| Apr 5, 2021 | May 12, 2021 | -19.7% | 27 days | 88 days (Sep 16, 2021) |
| Feb 25, 2026 | Mar 30, 2026 | -18.2% | 23 days | 7 days (Apr 9, 2026) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $428.77B
- P/E (TTM)
- 46.6
- EPS, diluted (TTM)
- $11.60
- Revenue (TTM)
- $30.84B
- Dividend yield
- 0.46%
- 52-week range
- $203.40 – $739.67
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $23.06B | $25.79B | $26.52B | $27.18B | $28.37B |
| Gross profit | $10.91B | $11.99B | $12.38B | $12.90B | $13.81B |
| Operating income | $6.89B | $7.79B | $7.65B | $7.87B | $8.29B |
| Net income | $5.89B | $6.53B | $6.86B | $7.18B | $7.00B |
| EPS (diluted) | $6.40 | $7.44 | $8.11 | $8.61 | $8.66 |
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.04B | $7.17B | $7.10B | $7.30B | $6.80B | $7.01B | $7.91B | $9.12B |
| Net income | $1.73B | $1.19B | $2.14B | $1.78B | $1.90B | $2.03B | $2.81B | $2.54B |
| EPS (diluted) | $2.09 | $1.45 | $2.63 | $2.21 | $2.38 | $2.54 | $3.51 | $3.17 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $5.44B | $5.40B | $8.70B | $8.68B | $7.96B |
| Capital expenditure | -$668.0M | -$787.0M | -$1.11B | -$1.19B | -$2.26B |
| Free cash flow | $4.77B | $4.61B | $7.59B | $7.49B | $5.70B |
| Dividends paid | -$838.0M | -$873.0M | -$975.0M | -$1.19B | -$1.38B |
| Net share buybacks | -$3.58B | -$5.90B | -$1.96B | -$3.58B | -$4.63B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $9.23B
- Total assets
- $43.52B
- Total liabilities
- $17.90B
- Total debt
- $7.35B
- Net debt
- $309.0M
- Shareholders’ equity
- $25.63B
As of Jul 26, 2026 (filed Aug 20, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Nov 19, 2026 | $0.53 | Dec 10, 2026 |
| Aug 20, 2026 | $0.53 | Sep 10, 2026 |
| May 21, 2026 | $0.53 | Jun 11, 2026 |
| Feb 19, 2026 | $0.46 | Mar 12, 2026 |
| Nov 20, 2025 | $0.46 | Dec 11, 2025 |
| Aug 21, 2025 | $0.46 | Sep 11, 2025 |
| May 22, 2025 | $0.46 | Jun 12, 2025 |
| Feb 20, 2025 | $0.40 | Mar 13, 2025 |
Short interest
- Shares sold short
- 14,108,387
- Days to cover
- 2.44
- Change vs previous report
- -9.7%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Apr 17, 2002
- 2-for-1
- Mar 16, 2000
- 2-for-1
- Oct 14, 1997
- 2-for-1
- Oct 13, 1995
- 2-for-1
- Oct 6, 1993
- 2-for-1