Applied MaterialsAMATRevenue: is the business selling more than it used to?
$28.4B+4% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $28.4B in 2025, compounding +3% a year since 2022 though the pace has cooled. The trailing twelve months are already running at $30.8B, ahead of the last full year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATNet income: how much of that revenue becomes profit?
$7.0B−2% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $7.0B in 2025, compounding +2% a year over three years. Earnings per share moved +36% over the last twelve months. Trailing twelve-month profit stands at $9.3B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATHow fast is it growing, year by year?
+4.4%revenue growth, FY 2025
Off the axis: 2014 earnings +318.8% - rebounds off a collapsed prior year.
→Revenue grew +4% in 2025 against a five-year average of +11%. Earnings went the other way (-2%) even as sales grew, so margins compressed: costs rose faster than revenue. 2014's +319% earnings rebound off a collapsed base sits off the axis.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATRevenue per share: is your slice growing as fast as the company?
$35.11revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-07-26), not a full fiscal year
→Revenue per share reached $35.11 in 2025, compounding +6% a year against +3% for AMAT as a whole. Buybacks added roughly 2.9 points to your per-share result. Free cash flow per share stands at $7.05.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATFree cash flow: what is left in real cash after everything?
$5.7B−24% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Free cash flow was $5.7B in 2025, compounding +7% a year since 2022.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATWhere does each dollar of revenue actually go?
→Of $28.4B in 2025 sales, $7.0B reaches net profit - 25 cents on the dollar. The largest single deduction is producing the product ($14.6B).
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATHow much of every sales dollar ends up as free cash?
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→20 cents of every sales dollar became free cash in 2025, up 2 points since 2022.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATWhat does staying competitive cost, per dollar of sales?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-07-26), not a full fiscal year
→The biggest claim on each sales dollar is research and development, at 13% of revenue (capital spending 8%, stock compensation 2%). That share has risen since 2022, so the cost of competing is climbing.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATWhen sales grow, do profits grow faster?
→Operating profit outgrew revenue in 4 of the last 5 years, most recently +5% against +4%. Each additional dollar of sales is landing more profitably than the last - the definition of operating leverage.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATMargins: of every $1 of sales, how much survives each cost layer?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-07-26), not a full fiscal year
→Operating margin has held near 29% since 2022. After everything, 25 cents of each sales dollar reaches net profit.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-07-26), not a full fiscal year
→ROE of 36% and ROCE of 28% sit close together, so the returns come from the business itself rather than from borrowing.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATWhat has the market paid for AMAT over time?
39.6xP/E today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 39.6x earnings, the market is paying +159% more than AMAT's own 10-year median of 15.3x. Expectations are elevated, so more has to go right to justify the price. Today's multiple is the highest in the charted history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATWhat cash return does the business throw off per dollar of market value?
1.6%FCF yield today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→Every dollar of market value currently buys 1.6% of annual free cash flow, less than its 10-year median of 6.8% - you are paying up for the same cash.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATCould it handle its debt if things went wrong?
→The company holds $7.0B in cash against $6.4B of debt - a net-cash balance sheet, which means a bad year is an inconvenience rather than a threat.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATIs the company's own capital growing?
→The company's own capital grew from $17.4B in 2023 to $25.6B (+47%). The business is building book value rather than consuming it.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATHow much goes back, and how much leaks out as stock comp?
→Shareholders received $4.9B in buybacks and $1.4B in dividends in 2025. Stock compensation issued $668M of new shares in the same year, offsetting 11% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATHow fast is your ownership being diluted - or concentrated?
→The share count shrank 3.1% in 2025, averaging 2.7% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATIs the dividend cheque growing?
→The dividend per share reached $1.71 in 2025, compounding +15% a year since 2020.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATCan it afford the dividend?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-07-26), not a full fiscal year
→The dividend consumed 20% of profit and 24% of free cash flow in 2025. That leaves room to keep paying through a weak year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATDoes AMAT earn more on its capital than that capital costs?
→AMAT earns 27.7% on the capital it employs, well above the 10% most investors treat as the cost of capital. It was 37.6% in 2022, so the trend is down, though the pace has cooled.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATAMAT has issued or retired shares - did shareholders end up better off?
→AMAT has shrunk its share count -39% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is +344% over the same years.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26
Applied MaterialsAMATAre the people running it buying or selling?
→Insiders sold $178M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 20 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-07-26