AMAT (Applied Materials, Inc.) Stock Financials & Earnings

Company Info & Key Metrics

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Appli...

CEOGary E. Dickerson

Country🇺🇸 United States

ExchangeNASDAQ

IPOMar 17, 1980

www.appliedmaterials.com

Revenue$7.0B

YoY Growth-2.1%

QoQ Growth+3.1%

Net Income$2.0B

EPS$2.54

Free Cash Flow$1.0B

Gross Margin49.0%

Op. Margin29.9%

Net Margin28.9%

FCF Margin14.8%

Rev Multiple (TTM)9.5x

P/E Ratio (TTM)34.3x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q2 23	$6.6B	$3.1B	$1.9B
Q3 23	$6.4B	$3.0B	$1.8B
Q4 23	$6.7B	$3.2B	$2.0B
Q1 24	$6.7B	$3.2B	$2.0B
Q2 24	$6.6B	$3.2B	$1.9B
Q3 24	$6.8B	$3.2B	$1.9B
Q4 24	$7.0B	$3.3B	$2.0B
Q1 25	$7.2B	$3.5B	$2.2B
Q2 25	$7.1B	$3.5B	$2.2B
Q3 25	$7.3B	$3.6B	$2.2B
Q4 25	$6.8B	$3.3B	$1.7B
Q1 26	$7.0B	$3.4B	$2.1B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q2 23	10.1x	41.5x
Q3 23	10.1x	41.7x
Q4 23	10.1x	39.2x
Q1 24	10.2x	37.6x
Q2 24	10.2x	36.8x
Q3 24	10.0x	36.1x
Q4 24	9.9x	37.5x
Q1 25	9.7x	42.4x
Q2 25	9.6x	39.8x
Q3 25	9.4x	39.4x
Q4 25	9.5x	38.4x
Q1 26	9.5x	34.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 23	$2.3B	$2.0B
Q3 23	$2.6B	$2.3B
Q4 23	$1.6B	$1.2B
Q1 24	$2.3B	$2.1B
Q2 24	$1.4B	$1.1B
Q3 24	$2.4B	$2.1B
Q4 24	$2.6B	$2.2B
Q1 25	$925M	$544M
Q2 25	$1.6B	$1.1B
Q3 25	$2.6B	$2.0B
Q4 25	$2.8B	$2.0B
Q1 26	$1.7B	$1.0B

Capital Expenditures

CapEx

Quarter	CapEx
Q2 23	$255M
Q3 23	$255M
Q4 23	$309M
Q1 24	$229M
Q2 24	$257M
Q3 24	$297M
Q4 24	$407M
Q1 25	$381M
Q2 25	$510M
Q3 25	$584M
Q4 25	$785M
Q1 26	$646M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	+6.2%	+8.5%
Q3 23	-1.5%	+0.6%
Q4 23	-0.4%	-0.1%
Q1 24	-0.5%	-0.6%
Q2 24	+0.2%	+0.3%
Q3 24	+5.5%	+4.6%
Q4 24	+4.8%	+5.2%
Q1 25	+6.8%	+5.3%
Q2 25	+6.8%	+4.2%
Q3 25	+7.7%	+4.8%
Q4 25	-3.5%	+1.8%
Q1 26	-2.1%	-1.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 23	$113M	1.7%
Q3 23	$114M	1.8%
Q4 23	$115M	1.7%
Q1 24	$170M	2.5%
Q2 24	$134M	2.0%
Q3 24	$132M	1.9%
Q4 24	$141M	2.0%
Q1 25	$195M	2.7%
Q2 25	$159M	2.2%
Q3 25	$158M	2.2%
Q4 25	$141M	2.1%
Q1 26	$207M	3.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 23	$775M	$214M	$194M
Q3 23	$767M	$214M	$193M
Q4 23	$789M	$217M	$192M
Q1 24	$754M	$276M	$207M
Q2 24	$785M	$247M	$209M
Q3 24	$836M	$222M	$205M
Q4 24	$858M	$216M	$215M
Q1 25	$859M	$256M	$206M
Q2 25	$893M	$207M	$216M
Q3 25	$901M	$204M	$224M
Q4 25	$917M	$243M	$212M
Q1 26	$928M	$189M	$222M

Revenue Segments

Quarter	Applied Global Services	Display and Adjacent Markets	Semiconductor Systems	Corporate And Reconciling Items
Q2 23	$1.4B	$168M	$5.0B	—
Q3 23	$1.5B	$235M	$4.7B	—
Q4 23	$1.5B	$298M	$4.9B	—
Q1 24	$1.5B	$244M	$4.9B	—
Q2 24	$1.5B	$179M	$4.9B	—
Q3 24	$1.6B	$251M	$4.9B	—
Q4 24	$1.6B	$211M	$5.2B	—
Q1 25	$1.6B	$183M	$5.4B	$33M
Q2 25	$1.6B	$259M	$5.3B	$20M
Q1 26	$1.6B	—	$5.1B	$312M

Revenue by Geography

Quarter	China	Europe	Japan	Korea, Republic Of	Southeast Asia	Taiwan, Province Of China	United States
Q2 23	$1.4B	$477M	$460M	$1.6B	$157M	$1.4B	$1.1B
Q3 23	$1.7B	$661M	$478M	$988M	$180M	$1.3B	$1.0B
Q4 23	$3.0B	$441M	$681M	$745M	$168M	$922M	$803M
Q1 24	$3.0B	$410M	$565M	$1.2B	$186M	$559M	$759M
Q2 24	$2.8B	$289M	$453M	$988M	$213M	$1.0B	$853M
Q3 24	$2.2B	$339M	$555M	$1.1B	$428M	$1.1B	$1.1B
Q4 24	$2.1B	$405M	$581M	$1.2B	$314M	$1.3B	$1.2B
Q1 25	$2.2B	$330M	$540M	$1.7B	$286M	$1.2B	$917M
Q2 25	$1.8B	$252M	$572M	$1.6B	$135M	$2.0B	$808M
Q1 26	$2.1B	$221M	$525M	$1.5B	$335M	$1.7B	$656M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 23	$4.6B	$510M	$5.1B
Q3 23	$6.0B	$510M	$6.5B
Q4 23	$6.1B	$737M	$6.9B
Q1 24	$6.9B	$638M	$7.5B
Q2 24	$7.1B	$472M	$7.6B
Q3 24	$8.3B	$815M	$9.1B
Q4 24	$8.0B	$1.4B	$9.5B
Q1 25	$6.3B	$1.9B	$8.2B
Q2 25	$6.2B	$578M	$6.7B
Q3 25	$5.4B	$1.6B	$7.0B
Q4 25	$7.2B	$1.3B	$8.6B
Q1 26	$7.2B	$1.3B	$8.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q2 23	847M	-0.2%
Q3 23	842M	-0.6%
Q4 23	842M	+0.0%
Q1 24	837M	-0.6%
Q2 24	836M	-0.1%
Q3 24	833M	-0.4%
Q4 24	828M	-0.6%
Q1 25	819M	-1.1%
Q2 25	815M	-0.5%
Q3 25	811M	-0.5%
Q4 25	798M	-1.6%
Q1 26	799M	+0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$648K	14K
FY 15	$662K	15K
FY 16	$694K	16K
FY 17	$799K	18K
FY 18	$795K	21K
FY 19	$664K	22K
FY 20	$717K	24K
FY 21	$854K	27K
FY 22	$781K	33K
FY 23	$780K	34K
FY 24	$761K	36K
FY 25	$777K	37K