Applied Materials, Inc. logo AMAT - Applied Materials, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 39
HOLD 13
SELL 0
STRONG
SELL
0
| PRICE TARGET: $334.50 DETAILS
HIGH: $400.00
LOW: $273.00
MEDIAN: $345.00
CONSENSUS: $334.50
UPSIDE: 2.29%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue
Revenue 28,368.0 27,176.0 26,517.0 25,785.0 23,063.0 17,202.0 14,608.0 16,705.0 14,698.0 10,825.0
Cost of Revenue 14,560.0 14,279.0 14,133.0 13,792.0 12,149.0 9,510.0 8,222.0 9,188.0 8,086.0 6,314.0
Gross Profit 13,808.0 12,897.0 12,384.0 11,993.0 10,914.0 7,692.0 6,386.0 7,517.0 6,612.0 4,511.0
Operating Expenses
R&D Expenses 3,570.0 3,233.0 3,102.0 2,771.0 2,485.0 2,234.0 2,054.0 2,019.0 1,774.0 1,540.0
SG&A Expenses 1,768.0 1,797.0 1,628.0 1,438.0 1,229.0 1,093.0 982.0 999.0 890.0 819.0
Other Expenses 181.0 0.0 0.0 0.0 311.0 0.0 0.0 3.0 0.0 0.0
Operating Expenses 5,519.0 5,030.0 4,730.0 4,209.0 4,025.0 3,327.0 3,036.0 3,021.0 2,664.0 2,359.0
Operating Income
Operating Income 8,289.0 7,867.0 7,654.0 7,788.0 6,889.0 4,365.0 3,350.0 4,491.0 3,936.0 2,152.0
Interest Expense 269.0 247.0 238.0 228.0 236.0 240.0 237.0 234.0 198.0 155.0
Interest Income 0.0 532.0 300.0 39.0 118.0 41.0 156.0 139.0 78.0 16.0
Profitability
EBITDA 9,650.0 8,791.0 8,456.0 8,258.0 7,388.0 4,775.0 3,866.0 5,084.0 4,421.0 2,557.0
EBIT 9,540.0 8,399.0 7,954.0 7,827.0 7,007.0 4,406.0 3,506.0 4,630.0 4,014.0 2,168.0
Income Before Tax 9,271.0 8,152.0 7,716.0 7,599.0 6,771.0 4,166.0 3,269.0 4,396.0 3,816.0 2,013.0
Income Tax Expense 2,273.0 975.0 860.0 1,074.0 883.0 547.0 563.0 1,358.0 297.0 292.0
Net Income 6,998.0 7,177.0 6,856.0 6,525.0 5,888.0 3,619.0 2,706.0 3,038.0 3,519.0 1,721.0
Per Share Data
EPS (Basic) 8.71 8.68 8.16 7.49 6.47 3.95 2.89 3.00 3.20 1.56
EPS (Diluted) 8.66 8.61 8.11 7.44 6.40 3.92 2.86 2.96 3.17 1.54
Shares Outstanding 804.0 827.0 840.0 871.0 910.0 916.0 937.0 1,013.0 1,073.0 1,107.0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Current Assets
Cash & Cash Equivalents 7,241.0 8,022.0 6,132.0 1,995.0 4,995.0 5,351.0 3,129.0 3,440.0 5,010.0 3,406.0
Short-Term Investments 1,332.0 1,449.0 737.0 586.0 464.0 387.0 489.0 590.0 2,266.0 343.0
Net Receivables 5,185.0 5,503.0 5,577.0 6,529.0 5,546.0 3,111.0 2,641.0 2,422.0 2,338.0 2,279.0
Inventory 5,915.0 5,421.0 5,725.0 5,932.0 4,309.0 3,904.0 3,474.0 3,721.0 2,930.0 2,050.0
Other Current Assets 1,208.0 825.0 976.0 422.0 200.0 616.0 473.0 431.0 374.0 275.0
Total Current Assets 20,881.0 21,220.0 19,147.0 15,925.0 16,107.0 13,369.0 10,206.0 10,604.0 12,918.0 8,353.0
Non-Current Assets
Property, Plant & Equipment 4,610.0 3,714.0 3,201.0 2,696.0 2,228.0 1,856.0 1,529.0 1,407.0 1,066.0 937.0
Goodwill 3,707.0 3,732.0 3,732.0 3,700.0 3,479.0 3,466.0 3,399.0 3,368.0 3,368.0 3,316.0
Intangible Assets 226.0 249.0 294.0 339.0 104.0 153.0 156.0 213.0 412.0 575.0
Long-Term Investments 4,398.0 2,787.0 2,281.0 1,980.0 2,055.0 1,538.0 1,703.0 1,568.0 1,143.0 929.0
Other Non-Current Assets 0.0 314.0 345.0 691.0 229.0 260.0 276.0 260.0 132.0 89.0
Total Non-Current Assets 15,418.0 13,189.0 11,582.0 10,801.0 9,718.0 8,984.0 8,829.0 7,041.0 6,506.0 6,218.0
Total Assets 36,299.0 34,409.0 30,729.0 26,726.0 25,825.0 22,353.0 19,035.0 17,645.0 19,424.0 14,571.0
Current Liabilities
Account Payables 5,333.0 1,570.0 1,478.0 1,755.0 1,472.0 1,124.0 958.0 996.0 945.0 813.0
Short-Term Debt 100.0 800.0 100.0 85.0 73.0 64.0 600.0 0.0 0.0 200.0
Deferred Revenue 2,566.0 2,849.0 2,975.0 3,142.0 2,076.0 1,321.0 1,336.0 1,201.0 1,284.0 905.0
Other Current Liabilities 0.0 1,439.0 1,024.0 820.0 851.0 928.0 834.0 950.0 1,108.0 1,096.0
Total Current Liabilities 7,999.0 8,468.0 7,372.0 7,379.0 6,344.0 4,459.0 4,447.0 3,922.0 4,115.0 3,632.0
Non-Current Liabilities
Long-Term Debt 6,455.0 5,460.0 5,461.0 5,457.0 5,452.0 5,448.0 4,713.0 5,309.0 5,304.0 3,125.0
Deferred Tax Liabilities 0.0 0.0 0.0 0.0 0.0 0.0 11.0 12.0 5.0 1.0
Other Non-Current Liabilities 1,430.0 1,221.0 1,295.0 1,409.0 1,554.0 1,673.0 1,650.0 1,557.0 651.0 596.0
Total Non-Current Liabilities 7,885.0 6,940.0 7,008.0 7,153.0 7,234.0 7,316.0 6,363.0 6,866.0 5,955.0 3,739.0
Total Liabilities 15,884.0 15,408.0 14,380.0 14,532.0 13,578.0 11,775.0 10,810.0 10,788.0 10,070.0 7,371.0
Stockholders' Equity
Common Stock 8.0 8.0 8.0 8.0 9.0 9.0 9.0 10.0 11.0 11.0
Retained Earnings 55,227.0 49,651.0 43,726.0 37,892.0 32,246.0 27,209.0 24,386.0 20,880.0 18,258.0 15,252.0
Accumulated Other Comprehensive Income (110.0) (168.0) (217.0) (202.0) (260.0) (299.0) (180.0) (125.0) (64.0) (115.0)
Total Stockholders' Equity 20,415.0 19,001.0 16,349.0 12,194.0 12,247.0 10,578.0 8,214.0 6,845.0 9,349.0 7,217.0
Total Liabilities & Equity 36,299.0 34,409.0 30,729.0 26,726.0 25,825.0 22,353.0 19,024.0 17,633.0 19,419.0 14,588.0
Debt Metrics
Total Debt 6,555.0 6,605.0 5,999.0 5,829.0 5,753.0 5,707.0 5,313.0 5,309.0 5,304.0 3,325.0
Net Debt (686.0) (1,417.0) (133.0) 3,834.0 758.0 356.0 2,184.0 1,869.0 294.0 (81.0)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Operating Activities
Net Income 6,998.0 7,177.0 6,856.0 6,525.0 5,888.0 3,619.0 2,706.0 3,038.0 3,434.0 1,721.0
Depreciation & Amortization 435.0 392.0 515.0 444.0 394.0 376.0 363.0 457.0 407.0 389.0
Stock-Based Compensation 653.0 577.0 490.0 413.0 346.0 307.0 263.0 258.0 220.0 201.0
Change in Working Capital (1,072.0) 1,117.0 775.0 (1,792.0) (1,344.0) (638.0) (115.0) (41.0) (377.0) 119.0
Other Non-Cash Items 305.0 47.0 40.0 32.0 78.0 60.0 (19.0) 4.0 (63.0) 15.0
Operating Cash Flow 7,958.0 8,677.0 8,700.0 5,399.0 5,442.0 3,804.0 3,247.0 3,787.0 3,609.0 2,466.0
Investing Activities
Capital Expenditure (2,260.0) (1,190.0) (1,106.0) (787.0) (668.0) (422.0) (441.0) (622.0) (345.0) (253.0)
Acquisitions 4.0 0.0 (25.0) (441.0) (12.0) (107.0) (28.0) (6.0) (68.0) (16.0)
Purchases of Investments (6,054.0) (3,588.0) (1,672.0) (1,492.0) (2,007.0) (1,355.0) (1,914.0) (2,077.0) (4,856.0) (1,390.0)
Sales/Maturities of Investments 5,528.0 2,451.0 1,268.0 1,363.0 1,471.0 1,754.0 1,940.0 3,276.0 2,743.0 1,234.0
Other Investing Activities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Investing Cash Flow (2,782.0) (2,327.0) (1,535.0) (1,357.0) (1,216.0) (130.0) (443.0) 571.0 (2,526.0) (425.0)
Financing Activities
Net Debt Issuance 289.0 593.0 84.0 0.0 0.0 97.0 0.0 0.0 1,971.0 (1,207.0)
Stock Repurchased (4,895.0) (3,823.0) (2,189.0) (6,103.0) (3,750.0) (649.0) (2,403.0) (5,283.0) (1,172.0) (1,892.0)
Dividends Paid (1,384.0) (1,192.0) (975.0) (873.0) (838.0) (787.0) (771.0) (605.0) (430.0) (444.0)
Other Financing Activities (248.0) 243.0 (179.0) (266.0) (178.0) 174.0 (86.0) (164.0) 277.0 23.0
Financing Cash Flow (5,977.0) (4,470.0) (3,032.0) (7,043.0) (4,591.0) (1,337.0) (3,115.0) (5,928.0) 521.0 (3,432.0)
Cash Position
Net Change in Cash (781.0) 1,880.0 4,133.0 (3,001.0) (365.0) 2,337.0 (311.0) (1,570.0) 1,604.0 (1,391.0)
Cash at Beginning 8,022.0 6,233.0 2,100.0 5,101.0 5,466.0 3,129.0 3,440.0 5,010.0 3,406.0 4,797.0
Cash at End 7,241.0 8,113.0 6,233.0 2,100.0 5,101.0 5,466.0 3,129.0 3,440.0 5,010.0 3,406.0
Free Cash Flow 5,698.0 7,487.0 7,594.0 4,612.0 4,774.0 3,382.0 2,806.0 3,165.0 3,264.0 2,213.0
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Income Statement
Revenue 28,368.0 27,176.0 26,517.0 25,785.0 23,063.0 17,202.0 14,608.0 16,705.0 14,698.0 10,825.0
Gross Profit 13,808.0 12,897.0 12,384.0 11,993.0 10,914.0 7,692.0 6,386.0 7,517.0 6,612.0 4,511.0
Operating Income 8,289.0 7,867.0 7,654.0 7,788.0 6,889.0 4,365.0 3,350.0 4,491.0 3,936.0 2,152.0
Net Income 6,998.0 7,177.0 6,856.0 6,525.0 5,888.0 3,619.0 2,706.0 3,038.0 3,519.0 1,721.0
EPS (Diluted) 8.66 8.61 8.11 7.44 6.40 3.92 2.86 2.96 3.17 1.54
Balance Sheet
Cash & Equivalents 7,241.0 8,022.0 6,132.0 1,995.0 4,995.0 5,351.0 3,129.0 3,440.0 5,010.0 3,406.0
Total Assets 36,299.0 34,409.0 30,729.0 26,726.0 25,825.0 22,353.0 19,035.0 17,645.0 19,424.0 14,571.0
Total Debt 6,555.0 6,605.0 5,999.0 5,829.0 5,753.0 5,707.0 5,313.0 5,309.0 5,304.0 3,325.0
Stockholders' Equity 20,415.0 19,001.0 16,349.0 12,194.0 12,247.0 10,578.0 8,214.0 6,845.0 9,349.0 7,217.0
Cash Flow
Operating Cash Flow 7,958.0 8,677.0 8,700.0 5,399.0 5,442.0 3,804.0 3,247.0 3,787.0 3,609.0 2,466.0
Capital Expenditure (2,260.0) (1,190.0) (1,106.0) (787.0) (668.0) (422.0) (441.0) (622.0) (345.0) (253.0)
Free Cash Flow 5,698.0 7,487.0 7,594.0 4,612.0 4,774.0 3,382.0 2,806.0 3,165.0 3,264.0 2,213.0