Applied Materials, Inc. (AMAT)
POSITIVEFundamental
71
मूल्य
$478.11
मार्केट कैप
$384.43B
भाग 1 · कंपनी का मूल्य कितना है
अवलोकन
Applied Materials makes the machines that chipmakers use to build semiconductors — the equipment that deposits, etches and measures the microscopic layers on a silicon wafer. It does not make chips itself; it sells capital equipment to the foundries, memory makers and logic producers that do, and then earns recurring revenue servicing and supplying parts for the enormous base of machines already installed in fabs around the world.
यह पैसा कैसे कमाती है
Selling a new fabrication tool is a large, lumpy capital sale tied to a chipmaker's decision to build or expand a factory, so this revenue rises and falls sharply with the semiconductor investment cycle. The services business (Applied Global Services) is steadier: it scales with the growing installed base of machines that need parts, upgrades and maintenance regardless of whether customers are currently buying new equipment.
सेगमेंट के अनुसार राजस्व
Fabrication equipment sold to foundry, logic, DRAM and NAND memory manufacturers to build and expand chip factories.
Spare parts, upgrades and maintenance for the large installed base of Applied equipment already running in customer fabs.
प्रतिस्पर्धी बढ़त (Moat)
स्विचिंग कॉस्ट · व्यापकQualifying a new piece of fabrication equipment into a chipmaker's production process takes years of testing, and once a tool is embedded in a qualified recipe, ripping it out risks the yield of an entire product line. That makes Applied's installed base extremely sticky and turns the services attached to it into a long-lived, high-margin annuity.
मांग को क्या चलाता है
चक्रीयSemiconductor capital spending is famously volatile: chipmakers overbuild capacity in booms and then pause purchases for quarters at a time to digest it, and Applied's equipment orders move with that cycle well before end-market chip demand itself changes. Services revenue, tied to the installed base rather than new orders, is the main counterweight to that swing.
प्रमुख जोखिम
- Customer concentration — Two customers together made up about a third of fiscal 2025 revenue; a pause or shift in either one's fab investment plans has an outsized effect on results.
- Geographic concentration in Asia — The Asia Pacific region, including China, Korea and Taiwan, accounts for roughly 86% of net revenue, concentrating the company's exposure to any single region's economic or political disruption.
- Export controls and trade restrictions — US government restrictions on selling advanced semiconductor equipment to China have already reduced the company's addressable market and prompted regulatory inquiries; the rules can tighten further with little notice.
- Cyclicality of chipmaker capital spending — Customers' decisions to build or delay new fab capacity are volatile and largely outside Applied's control, driving sharp swings in new equipment orders that services revenue only partly offsets.
ग्राहक Concentration
शीर्ष ग्राहकों का राजस्व में 34% हिस्सा है
In fiscal 2025 two customers accounted for approximately 19% and 15% of net revenue respectively, together roughly a third of the total. A shift in either customer's capacity spending plans would move company-wide results.
खरीदने के पक्ष में तर्क
Buyers argue that the shift toward AI chips requires more complex, higher-value fabrication steps that play to Applied's technology strengths, and that the growing services business built on its enormous installed base provides a steadier earnings floor than the equipment cycle alone would suggest.
बेचने के पक्ष में तर्क
Sellers worry that heavy revenue concentration in a handful of customers and in Asia leaves Applied exposed to both a single company's spending decisions and to further export restrictions on sales to China, on top of the semiconductor industry's ordinary boom-and-bust equipment cycle.
Written by the editors, published on 18 अगस्त 2026
Direct competitors
Who this company fights with for the same customers
Generated on 23 अगस्त 2026 with claude-opus-5 — shared with all users
Lam Research sells the etch, deposition and wafer-clean tools that sit at the heart of Applied Materials' Semiconductor Systems business, so the two bid against each other for the same process steps inside the same logic and memory fabs.
KLA is the reference supplier of inspection, metrology and process-control equipment, the segment where Applied Materials has been pushing its own eBeam and metrology tools to win a share of the same fab budget.
ASML is the largest wafer-fabrication-equipment vendor and sells to exactly the same customers as Applied Materials, so every euro a fab spends on lithography is capital equipment budget that Applied Materials is not capturing.
Tokyo Electron offers the broadest product overlap with Applied Materials after Lam — deposition, etch, thermal processing, cleaning and coater/developer systems — and sells them to the same handful of large chipmakers in Taiwan, Korea, Japan and the United States.
ASM International competes head-on in atomic layer deposition and epitaxy, two deposition technologies that are central to Applied Materials' transistor and gate-all-around product lines at the leading edge.
NAURA builds etch, CVD/PVD deposition, thermal and cleaning tools and has been qualified at Chinese fabs for process steps previously served by Applied Materials, making it the direct rival for AMAT's large China revenue base.
बैलेंस शीट और तरलता
राजस्व
$30.84B
पिछले 12 महीने (26/7/2026 तक)
शुद्ध आय
$9.27B
पिछले 12 महीने (26/7/2026 तक)
Free Cash Flow
$5.70B
कुल इक्विटी
$20.41B
कुल देनदारियाँ
$15.88B
Current Ratio
2.42
Interest Coverage
33.00
Debt/EBITDA
0.98
Earnings Per Share
राजस्व और शुद्ध आय
Free Cash Flow
आय विवरण
ऐतिहासिक विवरण
समय के साथ मार्जिन
समय के साथ ऋण
ऋण कितना भारी है
वृद्धि तालिका
वृद्धि — राजस्व
Fair Value अनुमान
Fair Value
$395.95
वर्तमान मूल्य
$478.11
Margin of Safety
-20.8%
Fair Value सीमा
$257.37 - $534.53
अनुमान विधियाँ
मूल्यांकन मेट्रिक्स
P/E Ratio
41.81
ROE
34.3%
P/B Ratio
14.99
P/FCF
68.34
Gross Margin
49.4%
ROIC
21.8%
लाभप्रदता Radar
Value Creation (Economic Moat)
ROIC
21.8%
WACC
13.1%
ROIC − WACC
+8.6 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental विश्लेषण मानदंड
पास (21)
- EPS shows upward trend
- EPS CAGR 11.61%
- Price CAGR 31.33%
- ROIC 21.8%
- Gross Margin 49.4%
- Debt/Equity ratio
- Operating Margin 29.6%
- Positive Free Cash Flow
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 39.8%
- Revenue Growth 5Y 10.5%
- Analyst Consensus 87% Buy
- Earnings Surprise avg 3.5%
- Earnings Quality (OCF/NI) 0.91
- Share Dilution -3.1%
- Net Margin Trend 30.1% vs 23.9%
- Piotroski F-Score 7/9
फेल (6)
- P/FCF 68.34
- P/B Ratio 14.99
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
- PEG Ratio 2.67
अनुपलब्ध (1)
- Dividend Payout NaN%
Piotroski F-Score
मजबूत वित्तीय स्वास्थ्य
Earnings गुणवत्ता
मध्यम: मुनाफे और नकदी के बीच कुछ अंतर
शेयर Dilution
शेयर वापस खरीद रही है। शेयरधारक अनुकूल
प्रशासन
कार्यकारी टीम
| नाम | पद | आयु |
|---|---|---|
| Mr. Gary E. Dickerson | President, CEO & Executive Director | 68 |
| Mr. Brice A. Hill | Senior VP, CFO & leads Global Information Services | 58 |
| Dr. Omkaram Nalamasu Ph.D. | SVP, CTO, President Applied Ventures, LLC & Chair of the Growth Technical Advisory Board | 67 |
| Dr. Prabu G. Raja Ph.D. | President of Semiconductor Products Group | 62 |
| Mr. Timothy M. Deane | Senior Vice President of Applied Global Services | 59 |
| Mr. Adam Sanders | VP, Corporate Controller & Chief Accounting Officer | 53 |
| Ms. Teri A. Little J.D. | Senior VP, Chief Legal Officer & Corporate Secretary | 60 |
| Mr. Joseph M. Pon | Chief Public Affairs Officer and Corporate VP of Communications & Public Affairs | - |
| Ms. Joji Sekhon Gill | Senior VP & Chief Human Resources Officer | 60 |
| Mr. Charles W. Read | Corporate VP of Business Units & Operations CFO | 59 |
Audit जोखिम
2
बोर्ड जोखिम
2
मुआवजा जोखिम
2
शेयरधारक अधिकार जोखिम
1
भाग 2 · कीमत और खरीदने का समय
यह हिस्सा यह नहीं बताता कि कंपनी अच्छी है या नहीं: यह तय करने में मदद करता है कि उसे कब खरीदें, जब फंडामेंटल आपको आश्वस्त कर चुके हों। इसमें: तकनीकी विश्लेषण, संभावना, ऐतिहासिक गिरावट, गामा एक्सपोज़र।
Latest News
Recent headlines for AMAT, sourced from Markets Gazette.
- 11d agoPOSITIVEApplied Materials shares are down on guidance and margin concerns. Here’s why analysts say it’s time to buy.
Despite a recent dip in Applied Materials shares attributed to guidance and margin concerns, analysts are recommending a buy. The semiconductor equipment manufacturer is poised for continued growth, fueled by surging demand in the artificial intelligence sector. The race for AI dominance is a significant tailwind, suggesting that current price levels present an attractive entry point for investors anticipating future expansion and market share gains in this critical technology segment.
- 11d agoNEUTRALApplied Materials shares are down on guidance and margin concerns. Analysts call it time to buy.
Applied Materials shares experienced a decline due to concerns over its guidance and profit margins. However, analysts are advising investors to consider buying the stock, citing the semiconductor company's strong growth prospects. This growth is expected to be fueled by increased demand driven by the ongoing race to lead in the artificial intelligence industry. Despite short-term headwinds, the long-term outlook for AMAT remains positive, supported by its strategic position in a high-growth sector.
- 12d agoNEGATIVEApplied Materials soffre nel pre-market nonostante terzo trimestre da record
Applied Materials Inc. experienced significant selling pressure in pre-market trading, dropping approximately 6%, despite reporting a record third quarter. The company, a key player in semiconductor manufacturing equipment, saw its stock decline despite strong operational results. Investors may be reacting to forward guidance, broader market sentiment in the tech sector, or specific concerns not detailed in the initial report. This price action suggests a disconnect between the company's reported performance and market expectations, potentially signaling future headwinds or a re-evaluation of its valuation.
- 6/17/2026POSITIVEApplied Materials Advances AI Wearables With SENZ Platform
Applied Materials has launched its new SENZ platform, an integrated system designed to power AI-driven smart glasses. This innovative platform combines advanced optics with light engines, aiming to enhance the capabilities of wearable technology. The development signifies a strategic move by Applied Materials into the burgeoning AI wearables market, potentially opening new revenue streams and solidifying its position as a key technology provider in next-generation devices. Investors may view this as a positive step towards future growth and technological leadership.
- 6/16/2026POSITIVE$1000 Invested In Applied Materials 10 Years Ago Would Be Worth This Much Today
An investment of $1000 in Applied Materials (AMAT) made a decade ago would have grown significantly, highlighting the company's strong performance and market position over the past ten years. While specific figures are not provided in the summary, such a substantial hypothetical return suggests robust revenue growth, successful product innovation, and effective market penetration in the semiconductor equipment sector. Investors who held AMAT would have benefited from the increasing demand for advanced chips, driven by AI, 5G, and IoT technologies, underscoring the long-term potential of strategic investments in key technology enablers.
- 5/18/2026POSITIVEIf You Invested $100 In Applied Materials Stock 5 Years Ago, You Would Have This Much Today
An investment of $100 in Applied Materials (AMAT) five years ago would have yielded a significant return, illustrating the company's strong performance in the semiconductor equipment sector. While specific figures are not provided in the title, the framing suggests substantial growth, likely driven by increased demand for advanced chip manufacturing technology. Investors who held AMAT stock would have benefited from the company's strategic position in supplying critical equipment to major chipmakers, navigating the cyclical but ultimately upward trend of the semiconductor industry over the past half-decade. This historical performance underscores AMAT's potential as a long-term growth investment.
- 5/15/2026POSITIVEAI Demand Pushes Applied Materials To Highest Margins In 25 Years
Applied Materials Inc. reported Q2 results that surpassed analyst expectations, driven by robust demand for its semiconductor manufacturing equipment fueled by the artificial intelligence boom. The company's margins reached a 25-year high, signaling strong pricing power and operational efficiency. Management also provided an optimistic forward-looking guidance, suggesting continued strength in the AI sector's impact on chip production. Investors will closely watch the company's ability to sustain this momentum amidst ongoing supply chain dynamics and capital expenditure cycles in the semiconductor industry.
- 5/7/2026POSITIVE7 stocks expecting a post-earnings jolt — including Applied Materials and Cisco Systems
Applied Materials Inc. (AMAT) is among seven stocks poised for a potential post-earnings surge, according to market indicators. While the article does not provide specific earnings figures for AMAT, its inclusion suggests positive sentiment or analyst expectations preceding its earnings report. The broader S&P 500 is also showing bullish momentum, indicating a favorable market environment that could amplify any positive earnings news for companies like Applied Materials. Investors will be watching AMAT's upcoming report for confirmation of growth drivers and future outlook.
- 4/24/2026POSITIVE$1000 Invested In Applied Materials 15 Years Ago Would Be Worth This Much Today
An investment of $1,000 in Applied Materials (AMAT) 15 years ago would have grown to a substantial amount today, underscoring the company's long-term growth trajectory and market position. While the exact figure is not provided, this historical performance suggests significant capital appreciation for shareholders. Applied Materials, a key supplier in the semiconductor equipment industry, has likely benefited from the secular growth trends in chip manufacturing, technological advancements, and increased demand for electronics. Investors looking at this data point should consider the company's consistent innovation, strategic market access, and its role in enabling the next generation of semiconductor technology.
- 4/9/2026POSITIVEIf You Invested $100 In Applied Materials Stock 20 Years Ago, You Would Have This Much Today
An investment of $100 in Applied Materials (AMAT) stock twenty years ago would have yielded a substantial return, illustrating the long-term growth potential of semiconductor equipment manufacturers. While specific figures are not provided in the prompt, the framing suggests significant capital appreciation and potential dividend reinvestment over two decades. This historical performance underscores the sector's resilience and its integral role in technological advancement, making AMAT a noteworthy consideration for investors seeking exposure to the semiconductor industry's ongoing expansion.
via Markets Gazette