(AMAT) Applied Materials - Overview

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

Stock: Semiconductor Capital Equipment, Deposition, Etch, Metrology, Wafer Packaging

Total Rating 78
Risk 99
Buy Signal 0.06

EPS (Earnings per Share)

EPS (Earnings per Share) of AMAT over the last years for every Quarter: "2021-01": 1.39, "2021-04": 1.63, "2021-07": 1.9, "2021-10": 1.94, "2022-01": 1.89, "2022-04": 1.85, "2022-07": 1.94, "2022-10": 2.03, "2023-01": 2.03, "2023-04": 2, "2023-07": 1.9, "2023-10": 2.12, "2024-01": 2.13, "2024-04": 2.09, "2024-07": 2.12, "2024-10": 2.32, "2025-01": 2.38, "2025-04": 2.39, "2025-07": 2.48, "2025-10": 2.17,

Revenue

Revenue of AMAT over the last years for every Quarter: 2021-01: 5162, 2021-04: 5582, 2021-07: 6196, 2021-10: 6123, 2022-01: 6271, 2022-04: 6245, 2022-07: 6520, 2022-10: 6749, 2023-01: 6739, 2023-04: 6630, 2023-07: 6425, 2023-10: 6723, 2024-01: 6707, 2024-04: 6646, 2024-07: 6778, 2024-10: 7045, 2025-01: 7166, 2025-04: 7100, 2025-07: 7302, 2025-10: 6800,

Dividends

Dividend Yield 1.02%
Yield on Cost 5y 2.20%
Yield CAGR 5y 17.31%
Payout Consistency 99.1%
Payout Ratio 19.5%
Risk 5d forecast
Volatility 52.5%
Relative Tail Risk -7.77%
Reward TTM
Sharpe Ratio 1.37
Alpha 57.12
Character TTM
Beta 1.653
Beta Downside 1.368
Drawdowns 3y
Max DD 49.88%
CAGR/Max DD 0.86

Description: AMAT Applied Materials January 28, 2026

Applied Materials (NASDAQ: AMAT) delivers materials-engineering equipment, services, and software to semiconductor manufacturers worldwide, operating through two segments: Semiconductor Systems, which supplies capital-equipment for etch, deposition, rapid thermal processing, CMP, metrology, inspection, packaging and ion implantation; and Applied Global Services (AGS), which provides spares, upgrades, automation software and 200-mm tool support to boost fab productivity. The firm serves a global client base across the United States, China, Korea, Taiwan, Japan, Southeast Asia and Europe.

Key recent metrics (Q4 2023 / FY 2023): Revenue $5.9 billion in the quarter, $25.4 billion for the year (+9 % YoY); operating margin 18 %; capital-expenditure guidance of roughly $5 billion for 2024, reflecting strong AI-driven demand for advanced nodes. Approximately 15 % of revenue is derived from China, making geopolitical policy a material risk factor. The broader semiconductor equipment sector is expanding at a 7-8 % CAGR through 2027, driven by rising demand for high-performance computing and automotive electronics.

For a deeper quantitative view, you might explore ValueRay’s detailed valuation models to assess how these drivers could affect AMAT’s upside potential.

Piotroski VR‑10 (Strict, 0-10) 7.5

Net Income: 7.00b TTM > 0 and > 6% of Revenue
FCF/TA: 0.16 > 0.02 and ΔFCF/TA -6.06 > 1.0
NWC/Revenue: 45.41% < 20% (prev 46.92%; Δ -1.51% < -1%)
CFO/TA 0.22 > 3% & CFO 7.96b > Net Income 7.00b
Net Debt (-191.0m) to EBITDA (9.65b): -0.02 < 3
Current Ratio: 2.61 > 1.5 & < 3
Outstanding Shares: last quarter (798.0m) vs 12m ago -3.62% < -2%
Gross Margin: 48.67% > 18% (prev 0.47%; Δ 4820 % > 0.5%)
Asset Turnover: 80.24% > 50% (prev 78.98%; Δ 1.26% > 0%)
Interest Coverage Ratio: 35.46 > 6 (EBITDA TTM 9.65b / Interest Expense TTM 269.0m)

Altman Z'' 10.00

A: 0.35 (Total Current Assets 20.88b - Total Current Liabilities 8.00b) / Total Assets 36.30b
B: 1.52 (Retained Earnings 55.23b / Total Assets 36.30b)
C: 0.27 (EBIT TTM 9.54b / Avg Total Assets 35.35b)
D: 3.47 (Book Value of Equity 55.12b / Total Liabilities 15.88b)
Altman-Z'' Score: 12.75 = AAA

Beneish M -3.06

DSRI: 0.95 (Receivables 5.33b/5.35b, Revenue 28.37b/27.18b)
GMI: 0.97 (GM 48.67% / 47.46%)
AQI: 1.03 (AQ_t 0.28 / AQ_t-1 0.28)
SGI: 1.04 (Revenue 28.37b / 27.18b)
TATA: -0.03 (NI 7.00b - CFO 7.96b) / TA 36.30b)
Beneish M-Score: -3.06 (Cap -4..+1) = AA

What is the price of AMAT shares?

As of February 07, 2026, the stock is trading at USD 322.51 with a total of 8,344,229 shares traded.
Over the past week, the price has changed by +0.06%, over one month by +8.95%, over three months by +38.37% and over the past year by +78.19%.

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.
  • StrongBuy: 21
  • Buy: 6
  • Hold: 10
  • Sell: 0
  • StrongSell: 1

What are the forecasts/targets for the AMAT price?

Issuer Target Up/Down from current
Wallstreet Target Price 317.6 -1.5%
Analysts Target Price 317.6 -1.5%
ValueRay Target Price 451.8 40.1%

AMAT Fundamental Data Overview January 31, 2026

P/E Trailing = 39.3702
P/E Forward = 35.461
P/S = 9.5505
P/B = 13.2711
P/EG = 2.8803
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 = 269.41b USD (270.93b + Debt 7.05b - CCE 8.57b)
Interest Coverage Ratio = 35.46 (Ebit TTM 9.54b / Interest Expense TTM 269.0m)
EV/FCF = 47.28x (Enterprise Value 269.41b / FCF TTM 5.70b)
FCF Yield = 2.12% (FCF TTM 5.70b / Enterprise Value 269.41b)
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 = 7.42 (Enterprise Value 269.41b / 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 = 19.79% (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 = 11.73% (E(270.93b)/V(277.98b) * Re(12.01%) + D(7.05b)/V(277.98b) * Rd(1.01%) * (1-Tc(0.16)))
Discount Rate = 12.01% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.65%
[DCF Debug] Terminal Value 65.15% ; FCFF base≈6.41b ; Y1≈6.25b ; Y5≈6.27b
Fair Price DCF = 81.44 (EV 64.45b - Net Debt -191.0m = Equity 64.64b / Shares 793.7m; r=11.73% [WACC]; 5y FCF grow -3.69% → 2.90% )
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 (2026-04-30): EPS=2.28 | Chg30d=+0.024 | Revisions Net=+6 | Analysts=27
EPS current Year (2026-10-31): EPS=9.67 | Chg30d=+0.159 | Revisions Net=+11 | Growth EPS=+2.6% | Growth Revenue=+2.8%
EPS next Year (2027-10-31): EPS=12.06 | Chg30d=+0.503 | Revisions Net=+12 | Growth EPS=+24.7% | Growth Revenue=+15.3%

Additional Sources for AMAT Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle