Applied Materials, Inc.
Company & revenue
About Applied Materials, Inc.
Financial breakdown: year ended 2025-10-26 · Research updated Oct 2, 2026
Who they are
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. It operates through the following segments: Semiconductor Systems and Applied Global Services (AGS).
How they make money
Applied Materials provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company generates revenue primarily through the sale of wafer fabrication equipment and by providing ongoing maintenance, spare parts, and technical support services to its global customer base.
Products & services
Semiconductor fabrication equipment for deposition, etching, ion implantation, rapid thermal processing, metrology, and inspection, alongside advanced packaging solutions and display manufacturing systems.
Product / operating segments
Calculated from reported segment revenue. Percentages use consolidated company revenue unless a different denominator is stated.
Geographic revenuePREMIUM
Calculated from reported segment revenue. Percentages use consolidated company revenue unless a different denominator is stated.
Customer concentrationPREMIUM
The company does not disclose specific major customers by name in its 2025 10-K, though it notes that a significant portion of its revenue is derived from a limited number of large semiconductor manufacturers.
Suppliers, materials & equipmentPREMIUM
- Proprietary and commercial parts and components suppliers — The company sources various proprietary and commercial parts and components from a global network of suppliers; specific supplier names are unnamed.Source
Business relationships & partnershipsPREMIUM
- Besi — Strategic partnership focused on advanced packaging solutions.Source
Competitors
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
43
Weak
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
81
Strong
Financial Strength
77
Business Quality / Moat
84
Management
100
Growth Quality
46
Risk / Durability
98
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
38
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
48/100
Building Historical Record
Model Score 48/100 — estimates relative performance potential, distinct from WallStreetScore (company quality).
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
WSS currently sees meaningful weaknesses in the company-strength profile.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Recent buyback activity is present
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for AMAT
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can AMAT maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is AMAT's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Does AMAT's balance between cash and debt leave enough flexibility if business conditions weaken?
- •What future growth or profitability would be needed to justify AMAT's current valuation?
Essential Investment Snapshot
Wall Street Score
43
Opportunity Score
38
Market Cap
$428.77B
P/E Ratio
43.8
EPS
$11.67
52-Week High
$739.67
52-Week Low
$203.40
Beta
1.60
Intrinsic Value
$174.66
Analyst Target
$645.00
Shares Outstanding
808.0M
Total Revenue
$30.84B
Total Debt
$7.35B
Dividend Yield
0.39%
Liquidation Value / Share
$31.72
Annual Dividend
$2.12
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong upward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for AMAT
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on AMAT.
What the Bulls Say
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Broad portfolio of materials engineering solutions.
- +Strong position in key technology inflections like AI and advanced packaging.
- +Material partnership/catalyst: Strategic partnership focused on advanced packaging solutions.
What the Bears Say
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Semiconductors industry.
- −Global trade issues, export regulations, and geopolitical tensions.
- −Cyclical nature of the semiconductor industry and customer capital spending.
Bull and bear cases summarize disclosed catalysts, growth opportunities and risks; they are not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
44
Sep 8, 2026
Change
-0.2
points
Current Score
43
Oct 1, 2026
Category Changes
AMAT decreased 0.2 points because Capital declined by 2 points.
Negative Contributors
- − Capital declined by 2 points
Projected Score
Projected Score
50
Projected Change
+6.4%
Preliminary comparable-period financial changes suggest improvement of approximately 6.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$540.04
Intrinsic Value
$174.66
Difference
+$365.38
+209.2% vs IV
Margin of Safety
-209.2%
Related Companies
SemiconductorsNews
Applied Materials and Besi Expand Strategic Partnership to Advance Next-Generation Packaging for AI Scaling
Applied Materials vs. Taiwan Semiconductor Manufacturing: Which Tech Stock Is a Better Buy in 2026?
Applied Materials (AMAT) Recently Broke Out Above the 50-Day Moving Average
Applied Materials and KIOXIA Partner at the EPIC Center to Advance Next-Generation Memory Technology
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