NASDAQ · AMAT
Applied Materials, Inc.
Technology · Semiconductors
$390.09▼ 7.49% ($31.57)at close
After hours$392.83▲ 0.70%7:59 PM ET
Market cap
$309.57B
P/E
33.68
EPS (TTM)
$11.58
Valuation
Revenue & margin DCF
Verdict: expensive. Price above all scenarios.
The price needs 25.4% revenue growth a year for 10 years. Our scenarios assume 5.1–8.8%.
That's 4.8× its past 4-year pace.
Value per share
Base case
$116.83
Price used $390.09 is 3.3× this
USD · TTM ending Jul 26, 2026 · Price Oct 30, 8:00 PM UTC
Revenue each value needs
Revenue today $30.8B. The price needs $298B by 2036. Base case: $60.8B. At its recent pace: $51.7B. Bear to Bull: $50.5B to $71.5B.
Revenue today $30.8B. The price needs $298B by 2036. Base case: $60.8B. At its recent pace: $51.7B. Bear to Bull: $50.5B to $71.5B.
Revenue in 2036
today $30.8B
+$237Bmore than the Base case · 4.9×
Value per share · Base case
$116.83
Price $390.09
3.3× this
- 10-yr revenue CAGR
- 7.0%
- Ending operating margin
- 30.0%
- Discount rate
- 11.4%
USD · TTM ending Jul 26, 2026 · Price Oct 30, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 67.74% over the last year. Revenue grew 7.77% over the trailing twelve months. Operating margin moved from 30.14% to 30.5%. Free cash flow declined 3.43% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 30.5%. A decisive move in revenue — currently up 7.77% — would be the clearest signal to resolve the ambiguity.
Return analysis
Company profile
Applied Materials, Inc. engages in provision of materials engineering solutions used to produce semiconductors.
Market multiples
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 2 shares became 3
Profitability & growth
Analyst consensus
43
Buy
12
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Nov 12, 2026
Q4 FY26 · EPS est $4.06 · Revenue est $10.3B
Same quarter, year over year
FY26 YTD +20.6%Each cell vs the same quarter a year earlier (the cell below) · Q1–Q3 combined $8.74 vs $7.25 · 2 of 3 quarters up
Q1
Q2
Q3
Q4
FY total
FY26
—
FY25
FY24
FY23
—
—
—
—
Fiscal year totals
- FY25
- $9.42
- +8.8%
- FY24
- $8.66
- —
Q3 FY26
Reported Aug 13, 2026 · Latest
HoverTap a cell to inspect
Actual
$3.50
Estimate
$3.40
Year over year
+41.1%
Vs prior quarter
+22.4%
Institutional Sentiment
Applied Materials, Inc. · AMAT
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.