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Applied Materials Inc.
AMATSemiconductorsGenerated Sep 5, 2026, 01:00 PM UTC
AMAT (Applied Materials Inc.) analytical snapshot. Revenue grew +4.4% YoY to $28.37B. 5-year revenue CAGR +4.2%; 10y CAGR +11.3%. Net margin at 24.67% (contracting ▼). Market cap $360.86B at $454.71 per share. Trailing P/E 52.51, P/S 12.72, P/B 14.08. EV/Operating income ≈ 43.34 (EV $359.27B). Risk: Low. Macro: Risk-on · Supportive. Composite analytical score -5 (data confidence 84%). Descriptive analytics from public filings — not investment advice.
Market cap
$360.86B
793.60M shares
Price
$454.71
NMS
P/E (ttm)
52.51
Revenue (FY)
$28.37B
YoY +4.4%
Net margin
24.67%
▼ 0.64pp
Free cash flow
$5.70B
20.09% margin
Risk level
Low
Free SEC analysis
— computed from SEC filings, free to readFree previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 30Improving
80% conf
Latest annual report (10-K) filed Dec 12, 2025. Latest quarterly report (10-Q) filed Aug 20, 2026. 18 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Dec 12, 2025.
- Latest quarterly report (10-Q) filed Aug 20, 2026.
- 18 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Applied Materials Inc.; broad institutional reporting.
- Recent filers include Saranac Partners Ltd, CTC Fund Management LLC, GLENS FALLS NATIONAL BANK & TRUST CO /NY.
- 8 recent 13D activist/beneficial-ownership filings — potential catalyst.
- 12 recent 13G passive institutional ownership notices.
Latest 10-K
Dec 12, 2025
Annual report
Latest 10-Q
Aug 20, 2026
8-K (recent)
18
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
8
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| Saranac Partners Ltd | 13F-HR | Dec 5, 2025 |
| CTC Fund Management LLC | 13F-HR | May 15, 2012 |
| GLENS FALLS NATIONAL BANK & TRUST CO /NY | 13F-HR | Oct 10, 2002 |
| ONYX CAPITAL MANAGEMENT LLC | 13F-HR | Nov 12, 2004 |
| WASLIC CO II | 13F-HR | May 8, 2001 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Aug 27, 2026 | 8-K | 8-K |
| Aug 13, 2026 | 8-K | 8-K |
| May 14, 2026 | 8-K | 8-K |
| Mar 13, 2026 | 8-K | 8-K |
| Feb 12, 2026 | 8-K | 8-K |
| Feb 12, 2026 | 8-K | 8-K |
| Nov 13, 2025 | 8-K | 8-K |
| Oct 23, 2025 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -30Deteriorating
72% conf
2 risk signal(s) detected from XBRL filing diff analysis. Free cash flow declined despite stable or rising capex, indicating the cash burn is operational rather than investment-driven. This is a structural concern — cost reduction or asset sales may be needed to restore FCF.
- Free cash flow deteriorating: FCF declined +23.9% YoY (from $7.49B to $5.70B). With OCF at $7.96B and capex at $2.26B, cash generation capacity is weakening — monitor for dividend/buyback sustainability.
- NEW: Restatement of financial statements in latest filing: The term "restatement of" "previously issued" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 2 filing(s).
- Endogenous analysis: Free cash flow declined despite stable or rising capex, indicating the cash burn is operational rather than investment-driven. This is a structural concern — cost reduction or asset sales may be needed to restore FCF.
- 6 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 1 new risk-language term(s) detected in filing text: Restatement of financial statements.
Revenue
$28.37B
+4.4% YoY
Gross profit
$13.81B
+7.1% YoY
Operating income
$8.29B
+5.4% YoY
Net income
$7.00B
-2.5% YoY
Operating cash flow
$7.96B
-8.3% YoY
Capex
$2.26B
+89.9% YoY
Total assets
$36.30B
+5.5% YoY
Total liabilities
$15.88B
+3.1% YoY
Filing quality score
80/100
6 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $27.18B | $28.37B | $1.19B | +4.4% |
| Gross profit | $12.90B | $13.81B | $911.0M | +7.1% |
| Operating income | $7.87B | $8.29B | $422.0M | +5.4% |
| Net income | $7.18B | $7.00B | $-179.0M | -2.5% |
| Operating cash flow | $8.68B | $7.96B | $-719.0M | -8.3% |
| Capex | $1.19B | $2.26B | $1.07B | +89.9% |
| Total assets | $34.41B | $36.30B | $1.89B | +5.5% |
| Total liabilities | $15.41B | $15.88B | $476.0M | +3.1% |
| Long-term debt | $5.46B | $6.46B | $995.0M | +18.2% |
| Cash & equivalents | $8.02B | $7.24B | $-781.0M | -9.7% |
| Stockholders equity | $19.00B | $20.41B | $1.41B | +7.4% |
| Inventory | $5.42B | $5.92B | $494.0M | +9.1% |
| Accounts receivable | $5.23B | $5.18B | $-49.0M | -0.9% |
| R&D expense | $3.23B | $3.57B | $337.0M | +10.4% |
| SG&A expense | $1.80B | $1.77B | $-29.0M | -1.6% |
| Interest expense | $228.0M | $238.0M | $10.0M | +4.4% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | GovernmentAssistanceAmountCumulative, GovernmentAssistanceAmountCumulativeCurrent, GovernmentAssistanceAmountCumulativeNoncurrent, LitigationSettlementExpense, SeveranceCosts1, StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans |
| Removed | CommonStockParOrStatedValuePerShare, CommonStockSharesAuthorized, CommonStockSharesIssued, CommonStockSharesOutstanding, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentIncomeTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DeferredFederalIncomeTaxExpenseBenefit, DeferredForeignIncomeTaxExpenseBenefit |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Restatement of financial statements | high | 2 | 0 | NEW |
| Impairment charge | medium | 5 | 2 | Ongoing |
| Restructuring | medium | 5 | 8 | Ongoing |
| Off-balance sheet arrangements | medium | 5 | 2 | Ongoing |
| Related party transactions | low | 3 | 0 | NEW |
Filing signal breakdown
Red flags: 2
Positive: 0
Watch: 0
Red flags
Positive
Watch
Free previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 40Improving
80% conf
Revenue grew +4.4% YoY to $28.37B. 5-year revenue CAGR +4.2%; 10y CAGR +11.3%. Net margin at 24.67% (contracting ▼).
- Revenue grew +4.4% YoY to $28.37B.
- 5-year revenue CAGR +4.2%; 10y CAGR +11.3%.
- Net margin at 24.67% (contracting ▼).
- Return on equity 34.28%, ROA 19.28%, ROIC 30.85%.
- Gross margin 48.67%, operating margin 29.22%.
- Free cash flow margin 20.09% ($5.70B).
- Net income down ▼ +2.5% YoY.
- Debt/equity 0.21, current ratio 2.42, net debt -$1.59B.
- Asset turnover 0.65 — capital efficiency.
Revenue (FY)
$28.37B
YoY +4.4%
Net margin
24.67%
▼ 0.64pp
ROE
34.28%
ROA 19.28%
ROIC
30.85%
EPS (diluted)
$8.66
FY2025
Free cash flow
$5.70B
20.09% margin
Debt / equity
0.21
Cash $7.04B
Current ratio
2.42
Equity $25.63B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $27.18B | +2.5% | 47.46 | 28.95 | 26.41 | $7.49B | 37.77 |
| 2025 | $28.37B | +4.4% | 48.67 | 29.22 | 24.67 | $5.70B | 34.28 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Apr 28, 2019 | $3.54B | — | — | 18.82% |
| Jul 28, 2019 | $3.56B | — | +0.6% | 16.03% |
| Jan 26, 2020 | $4.16B | — | +16.8% | 21.43% |
| Apr 26, 2020 | $3.96B | — | -4.9% | 19.08% |
| Jul 26, 2020 | $4.39B | — | +11.1% | 19.14% |
| Jan 31, 2021 | $5.16B | — | +17.5% | 21.89% |
Sources:SEC EDGAR — Company Facts (XBRL)
+8 more years of history, charts & full breakdown Pro
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Valuation Analyst
score -80Deteriorating
95% conf
Market cap $360.86B at $454.71 per share. Trailing P/E 52.51, P/S 12.72, P/B 14.08. EV/Operating income ≈ 43.34 (EV $359.27B).
- Market cap $360.86B at $454.71 per share.
Market cap
$360.86B
793.60M shares
P/E (ttm)
52.51
P/S
12.72
P/B
14.08
EV
$359.27B
Intrinsic (DCF)
$114.28
-74.9% vs price
ProFull breakdown & reasoning locked
Price & Technicals
Technical Analyst
score 5Stable
85% conf
Price $454.71 — uptrend (above 200-DMA); 1-month momentum negative. RSI(14) 17.36 (oversold).
- Price $454.71 — uptrend (above 200-DMA); 1-month momentum negative.
Price
$454.71
NMS
RSI(14)
17.36
50-DMA
$533.72
200-DMA
$407.06
Volatility (ann.)
59.08%
52w range
$161.75–$739.67
-38.5% from high
ProFull breakdown & reasoning locked
Macro & Rates
Macro Analyst
score 30Improving
80% conf
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.77%.
- Market regime: Risk-on · Supportive.
GDP growth
1.50%
CPI (YoY)
+3.3%
Fed funds
3.63%
10Y yield
4.77%
10Y−2Y
0.41pp
Unemployment
4.10%
ProFull breakdown & reasoning locked
Risk Scorecard
Risk Analyst
score 10Stable
90% conf
Composite risk Low. Leverage debt/equity 0.21 (low). Liquidity current ratio 2.42 (adequate).
- Composite risk: Low.
Risk level
Low
Debt / equity
0.21
Current ratio
2.42
Margin stdev
9.15pp
Cash / assets
16.17%
Liab / assets
41.12%
ProFull breakdown & reasoning locked
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Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Applied Materials Inc. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
14.32
Fed funds
3.63%
CPI YoY
+3.3%
Analytical read
deterministic previewRevenue grew **+4.4%** YoY to $28.37B..
Risk
Low
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow AMAT stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Intuit Inc. INTU | 35 | Supportive |
| CF Industries CF | 34 | Supportive |
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