Overview Dividends

(AMAT) Applied Materials - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0382221051

Semiconductor Equipment, Display Tools, Service Software

Semiconductor Materials & Equipment
Market Cap in USD: 208,641m

IPO / Inception: 1972-10-05
Return 12m vs S&P 500: 37.2%

EPS (Earnings per Share)

EPS CAGR: 3.75%
EPS Trend: 87.9%

Last SUE: 1.11
Qual. Beats: 14

Revenue

Rev. CAGR: 2.18%
Rev. Trend: 82.3%

Last SUE: 0.13
Qual. Beats: 0

Dividends

Dividend Yield	0.85%
Yield on Cost 5y	2.71%
Yield CAGR 5y	14.97%
Payout Consistency	99.0%
Payout Ratio	18.9%

Risk via 5d forecast
Volatility	39.5%
Value at Risk 5%th	59.5%
Relative Tail Risk	-8.28%

Reward TTM
Sharpe Ratio	1.15
Alpha	34.92
CAGR/Max DD	0.83

Character TTM
Hurst Exponent	0.449
Beta	1.619
Beta Downside	1.500

Drawdowns 3y
Max DD	49.88%
Mean DD	15.03%
Median DD	9.08%

Description: AMAT Applied Materials December 02, 2025

Applied Materials (NASDAQ: AMAT) supplies equipment, services, and software to the semiconductor, display, and related industries, organized into three segments: Semiconductor Systems, Applied Global Services, and Display.

The Semiconductor Systems segment designs and sells capital-intensive tools that fabricate integrated circuits, while Applied Global Services offers spares, upgrades, and automation software to boost fab productivity. The Display segment provides manufacturing solutions for LCD, OLED, and emerging display technologies used in TVs, monitors, smartphones, and even solar cells.

Geographically, the company operates across the United States, China, Korea, Taiwan, Japan, Southeast Asia, Europe, and other regions, reflecting its exposure to global supply-chain dynamics and regional policy incentives such as the U.S. CHIPS Act.

Key recent metrics: FY 2023 revenue reached $26.7 billion, with Q2 2024 GAAP EPS of $2.73 and a 12-month trailing gross margin of ≈ 46 %. The firm’s order backlog for semiconductor equipment grew ~15 % YoY, driven largely by AI-focused chipmakers.

Sector drivers that materially affect AMAT include accelerating demand for high-bandwidth memory and advanced logic chips (particularly for generative-AI workloads), cyclical fab capacity utilization, and macro-level capex cycles tied to semiconductor-industry cycles and government stimulus.

For a deeper, data-driven valuation framework, you may find the ValueRay analysis worth reviewing.

Piotroski VR‑10 (Strict, 0-10) 7.5

Net Income (7.00b TTM) > 0 and > 6% of Revenue (6% = 1.70b TTM)

FCFTA 0.16 (>2.0%) and ΔFCFTA -6.06pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 45.41% (prev 46.92%; Δ -1.51pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.22 (>3.0%) and CFO 7.96b > Net Income 7.00b (YES >=105%, WARN >=100%)

Net Debt (-191.0m) to EBITDA (9.65b) ratio: -0.02 <= 3.0 (WARN <= 3.5)

Current Ratio 2.61 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (798.0m) change vs 12m ago -3.62% (target <= -2.0% for YES)

Gross Margin 48.67% (prev 47.46%; Δ 1.22pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 80.24% (prev 78.98%; Δ 1.26pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 35.46 (EBITDA TTM 9.65b / Interest Expense TTM 269.0m) >= 6 (WARN >= 3)

Altman Z'' 12.75

(A) 0.35 = (Total Current Assets 20.88b - Total Current Liabilities 8.00b) / Total Assets 36.30b

(B) 1.52 = Retained Earnings (Balance) 55.23b / Total Assets 36.30b

warn (B) unusual magnitude: 1.52 — check mapping/units

(D) 3.47 = Book Value of Equity 55.12b / Total Liabilities 15.88b

Total Rating: 12.75 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 89.41

1. Piotroski 7.50pt

2. FCF Yield 2.75%

3. FCF Margin 20.09%

4. Debt/Equity 0.35

5. Debt/Ebitda -0.02

6. ROIC - WACC (= 19.43)%

7. RoE 36.12%

8. Rev. Trend 82.34%

9. EPS Trend 87.89%

What is the price of AMAT shares?

As of December 30, 2025, the stock is trading at USD 263.05 with a total of 2,601,024 shares traded.
Over the past week, the price has changed by +1.56%, over one month by +3.26%, over three months by +28.60% and over the past year by +62.36%.

Is AMAT a buy, sell or hold?

Applied Materials has received a consensus analysts rating of 4.21. Therefore, it is recommended to buy AMAT.

Strong Buy: 21
Buy: 6
Hold: 10
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the AMAT price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	259.5	-1.3%
Analysts Target Price	259.5	-1.3%
ValueRay Target Price	352.6	34%

AMAT Fundamental Data Overview December 30, 2025

Market Cap USD = 208.64b (208.64b USD * 1.0 USD.USD)
P/E Trailing = 30.2076
P/E Forward = 27.933
P/S = 7.3548
P/B = 10.1725
P/EG = 2.27
Beta = 1.666
Revenue TTM = 28.37b USD
EBIT TTM = 9.54b USD
EBITDA TTM = 9.65b USD
Long Term Debt = 6.46b USD (from longTermDebt, last quarter)
Short Term Debt = 191.0m USD (from shortTermDebt, last quarter)
Debt = 7.05b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -191.0m USD (from netDebt column, last quarter)
Enterprise Value = 207.12b USD (208.64b + Debt 7.05b - CCE 8.57b)
Interest Coverage Ratio = 35.46 (Ebit TTM 9.54b / Interest Expense TTM 269.0m)
FCF Yield = 2.75% (FCF TTM 5.70b / Enterprise Value 207.12b)
FCF Margin = 20.09% (FCF TTM 5.70b / Revenue TTM 28.37b)
Net Margin = 24.67% (Net Income TTM 7.00b / Revenue TTM 28.37b)
Gross Margin = 48.67% ((Revenue TTM 28.37b - Cost of Revenue TTM 14.56b) / Revenue TTM)
Gross Margin QoQ = 48.01% (prev 48.78%)
Tobins Q-Ratio = 5.71 (Enterprise Value 207.12b / Total Assets 36.30b)
Interest Expense / Debt = 1.01% (Interest Expense 71.0m / Debt 7.05b)
Taxrate = 16.32% (370.0m / 2.27b)
NOPAT = 7.98b (EBIT 9.54b * (1 - 16.32%))
Current Ratio = 2.61 (Total Current Assets 20.88b / Total Current Liabilities 8.00b)
Debt / Equity = 0.35 (Debt 7.05b / totalStockholderEquity, last quarter 20.41b)
Debt / EBITDA = -0.02 (Net Debt -191.0m / EBITDA 9.65b)
Debt / FCF = -0.03 (Net Debt -191.0m / FCF TTM 5.70b)
Total Stockholder Equity = 19.38b (last 4 quarters mean from totalStockholderEquity)
RoA = 19.28% (Net Income 7.00b / Total Assets 36.30b)
RoE = 36.12% (Net Income TTM 7.00b / Total Stockholder Equity 19.38b)
RoCE = 36.93% (EBIT 9.54b / Capital Employed (Equity 19.38b + L.T.Debt 6.46b))
RoIC = 31.05% (NOPAT 7.98b / Invested Capital 25.71b)
WACC = 11.62% (E(208.64b)/V(215.69b) * Re(11.98%) + D(7.05b)/V(215.69b) * Rd(1.01%) * (1-Tc(0.16)))
Discount Rate = 11.98% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.65%
[DCF Debug] Terminal Value 64.70% ; FCFE base≈6.41b ; Y1≈6.25b ; Y5≈6.29b
Fair Price DCF = 79.82 (DCF Value 63.29b / Shares Outstanding 792.9m; 5y FCF grow -3.69% → 3.0% )
EPS Correlation: 87.89 | EPS CAGR: 3.75% | SUE: 1.11 | # QB: 14
Revenue Correlation: 82.34 | Revenue CAGR: 2.18% | SUE: 0.13 | # QB: 0
EPS next Quarter (2026-01-31): EPS=2.21 | Chg30d=+0.001 | Revisions Net=+11 | Analysts=27
EPS current Year (2026-10-31): EPS=9.51 | Chg30d=+0.059 | Revisions Net=+5 | Growth EPS=+0.9% | Growth Revenue=+1.9%
EPS next Year (2027-10-31): EPS=11.56 | Chg30d=+0.222 | Revisions Net=+7 | Growth EPS=+21.5% | Growth Revenue=+13.0%

Additional Sources for AMAT Stock

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