What is Applied Materials, Inc.'s revenue?

Applied Materials, Inc. reported revenue of $28.37B in fiscal 2025, up 4.4% from the prior year. Over the last 4 years, revenue has grown at 5.3% a year.

Is Applied Materials, Inc. profitable?

Yes. Applied Materials, Inc. earned net income of $7.00B in fiscal 2025, a net margin of 24.7%, and generated $5.70B of free cash flow.

What is AMAT's P/E ratio?

At a share price of $376.64, AMAT trades at about 43.5x its fiscal 2025 earnings per share, with a market capitalization of roughly $304.3B. Its EV/EBITDA multiple is 30.5x.

Does Applied Materials, Inc. pay a dividend?

Yes. Applied Materials, Inc. paid $1.38B in dividends to shareholders in fiscal 2025, a dividend yield of about 0.45% at today's price.

How much debt does Applied Materials, Inc. have?

Applied Materials, Inc. had total debt of $7.05B and cash of $7.24B at the end of fiscal 2025, giving net debt of -0.0x EBITDA.

What is Applied Materials, Inc.'s return on invested capital (ROIC)?

Applied Materials, Inc.'s return on invested capital was 30.9% in fiscal 2025, and its return on equity was 34.3%.

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Applied Materials, Inc.

AMATNASDAQ

$376.64

Last price · USD

Market cap: $304.3B
P/E: 43.5x
EV / EBITDA: 30.5x
P/S: 10.7x
FCF yield: 1.9%
Div. yield: 0.45%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Revenue

$28.37B

+4.4%

4Y CAGR +5.3%

Gross profit

$13.81B

+7.1%

4Y CAGR +6.1%

Operating income

$8.29B

+5.4%

4Y CAGR +4.7%

Net income

$7.00B

-2.5%

4Y CAGR +4.4%

EPS (diluted)

$8.66

+0.6%

4Y CAGR +7.9%

Free cash flow

$5.70B

-23.9%

4Y CAGR +4.5%

Revenue & net income

Fiscal 2021–2025 · USD

All charts

RevenueNet income

Valuation

At $376.64 · FY2025 fundamentals

Market cap: $304.3B
Enterprise value: $304.1B
P/E: 43.5x
P/S: 10.7x
P/B: 14.9x
EV / EBITDA: 30.5x
EV / Sales: 10.7x
Earnings yield: 2.3%
FCF yield: 1.9%
Shareholder yield: 2.1%

Estimate intrinsic value with a DCF

Profitability

Margins as a share of revenue

Metric	Latest	4Y ago
Gross margin	48.7%+1.4pp	47.3%
Operating margin	29.2%-0.7pp	29.9%
EBITDA margin	35.2%+3.1pp	32.0%
Net margin	24.7%-0.9pp	25.5%
FCF margin	20.1%-0.6pp	20.7%

Returns & financial health

FY2025 with 4-year trend

Metric	Latest	4Y ago
Return on equity	34.3%	48.1%
Return on invested capital	30.9%	46.1%
Return on assets	19.3%	22.8%
Debt / equity	0.35x	0.47x
Net debt / EBITDA	-0.02x	0.10x
Current ratio	2.61x	2.54x

Cash & equivalents

$7.24B

Total debt

$7.05B

Capital allocation

How AMAT used its cash in FY2025

Operating cash flow: $7.96B
Capital expenditure: $2.26B
Dividends paid: $1.38B
Share repurchases: $4.89B
Stock-based compensation: $653M
Diluted shares: 808.0M
Share count change (4Y): -12.1%

Analyst estimates

Consensus for upcoming fiscal years

Fiscal year	Revenue	Growth	EPS	Growth
FY2025 actual	$28.37B		$8.66
FY2026E22 analysts	$34.34B	+21.1%	$12.83	+48.1%
FY2027E24 analysts	$46.87B	+36.5%	$18.77	+46.3%
FY2028E16 analysts	$57.10B	+21.8%	$24.58	+31.0%

About Applied Materials, Inc.

Technology · Semiconductors

Applied Materials, Inc. engages in provision of materials engineering solutions used to produce semiconductors. The firm also focuses on design, development, production, and servicing of the critical wafer fabrication tools used for customers to manufacture semiconductors.

appliedmaterials.com

Sector: Technology
Industry: Semiconductors
CEO: Gary E. Dickerson
Employees: 36,500
Headquarters: Santa Clara, CA, US
IPO date: 1980-03-17