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APPLIED MATERIALS INC /DE (AMAT) USD

At a glance: strengths & risks
Net cash balance sheetPricier than own history (EV/EBITDA 47.5 vs avg 18.0)

Sector: Technology

US_AMAT

Price chart

525.61 USDDay 0.67%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
525.61 USD · 0.67%
Market cap
416.8 bn USD

Growth

Δ revenue y/y
11.4%
Δ EBITDA y/y
17.0%

Multiples

P/E (LTM)
49.0x
3y avg: 21.7x
P/B (FY)
20.4x
P/E (ann.)
37.1x
EV/EBITDA (LTM)
47.5x
3y avg: 18.0x
EV/EBITDA (ann.)
39.2x

Cash return

Dividend yield
0.4%
FCF yield (LTM)
1.5%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (US listing)
3.4 bln USD

Shares: yahoo_fundamentals_timeseries/AMAT

Financial results

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-04-26Q2 2026 (3M)OK7.9
y/y 11.4%
2.5
y/y 16.3%
0.1
y/y 31.1%
2.7
y/y 17.0%
2.8
y/y 31.3%
0.8-0.640.3
y/y 19.8%
23.9
y/y 26.1%
49.2%0.2Link
2026-01-25Q1 2026 (3M)OK7.0
y/y -2.1%
1.8
y/y -15.8%
0.1
y/y 21.0%
2.0
y/y -14.1%
2.0
y/y 71.0%
1.7-0.637.6
y/y 12.9%
21.7
y/y 16.6%
38.5%-1.3Link
2025-10-26Q4 2025 (3M)OK6.8
y/y -3.5%
1.7
y/y -16.3%
0.1
y/y 3.6%
1.8
y/y -15.3%
1.9
y/y 9.6%
2.8-0.836.3
y/y 5.5%
20.4
y/y 7.4%
35.1%-1.5Link
2025-07-27Q3 2025 (3M)OK7.3
y/y 7.7%
2.2
y/y 15.0%
0.1
y/y 18.9%
2.3
y/y 15.2%
1.8
y/y 4.3%
2.6-0.634.2
y/y 1.7%
19.5
y/y 3.5%
12.3%0.4Link
2025-04-27Q2 2025 (3M)OK7.1
y/y 6.8%
2.2
y/y 13.4%
0.1
y/y 7.3%
2.3
y/y 13.1%
2.1
y/y 24.1%
1.6-0.533.6
y/y 5.3%
19.0
y/y 4.2%
45.5%0.6Link
2025-01-26Q1 2025 (3M)OK7.2
y/y 6.8%
2.2
y/y 10.6%
0.1
y/y 15.4%
2.3
y/y 10.8%
1.2
y/y -41.3%
0.9-0.433.3
y/y 5.7%
18.6
y/y 6.9%
25.2%-0.9Link
2024-10-27Q4 2024 (3M)OK7.0
y/y 4.8%
2.0
y/y 3.8%
0.1
y/y -15.4%
2.2
y/y 2.6%
1.7
y/y -13.6%
2.6-0.434.4
y/y 12.0%
19.0
y/y 16.2%
37.9%-2.2Link
2024-07-28Q3 2024 (3M)OK6.8
y/y 5.5%
1.9
y/y 7.8%
0.1
y/y -30.1%
2.0
y/y 5.1%
1.7
y/y 9.3%
2.4-0.333.6
y/y 10.6%
18.8
y/y 24.8%
12.3%-2.4Link
2024-04-28Q2 2024 (3M)OK6.6
y/y 0.2%
1.9
y/y 0.1%
0.1
y/y -25.6%
2.0
y/y -1.6%
1.7
y/y 9.3%
1.4-0.331.9
y/y 9.8%
18.2
y/y 28.8%
38.7%-1.6Link
2024-01-28Q1 2024 (3M)OK6.7
y/y -0.5%
2.0
y/y -0.2%
0.1
y/y -24.2%
2.1
y/y -1.5%
2.0
y/y 17.6%
2.3-0.231.5
y/y 12.8%
17.4
y/y 29.9%
47.8%-1.5Link
2023-10-29Q4 2023 (3M)OK6.7
y/y
2.0
y/y
0.1
y/y
2.1
y/y
2.0
y/y
1.6-0.330.7
y/y
16.3
y/y
43.6%-0.9Link
2023-07-30Q3 2023 (3M)OK6.4
y/y
1.8
y/y
0.1
y/y
1.9
y/y
1.6
y/y
2.6-0.330.4
y/y
15.1
y/y
14.2%-0.4Link
2023-04-30Q2 2023 (3M)OK6.6
y/y
1.9
y/y
0.1
y/y
2.0
y/y
1.6
y/y
2.3-0.329.1
y/y
14.1
y/y
45.7%1.0Link
2023-01-29Q1 2023 (3M)OK6.7
y/y
2.0
y/y
0.1
y/y
2.1
y/y
1.7
y/y
2.3-0.328.0
y/y
13.4
y/y
2.1Link

Net debt structure (leases included, IFRS 16) 2026-04-26

Short-term debt (incl. ST leases)2 512
Long-term debt (incl. LT leases)5 955
− Cash & equivalents6 301
Net debt2 166

Net debt / LTM EBITDA: 0.2x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

010 00020 00030 0002023 FY2024 FY2025 FY

Year-over-year change

0%2%4%6%2023 FY2024 FY2025 FY

Cash flow

FCF ($ mln)

02 0004 0006 0008 0002023 FY2024 FY2025 FY

Net debt / cash ($ mln)

-2 500-2 000-1 500-1 000-50002023 FY2024 FY2025 FY

Profit and cash

Profit is cash-backed
In a typical year of 2021–2025 operating cash flow came to 1.14x of reported net profit; after capex, 0.81x.
year20212022202320242025
cash flow / profit0.92x0.83x1.27x1.21x1.14x
accruals, % of assets1.7%4.2%-6.0%-4.4%-2.6%
Last twelve months (to 2026-04-26): 0.94x of profit came back as operating cash flow.
net debt / EBITDA -0.2x · EBIT covers interest 30.8x · capex 2.8x of depreciation · dividends 17% of free cash flow · share count -3.2% a year
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +7.2%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-04-26 vs 2025-04-27)
= (2 658 − 2 272) × 3.31
1 276
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (416 809 + 226) ÷ 8 788
30.0x — capped at 30x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (30.0 + 12) ÷ 2
21.0x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 397 + 1 098 + 1 793 − 131
3 288
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (1 276 × 21.0 + 3 288) ÷ 416 809
+7.2%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • equity issuance measured by share-count dilution at market, not the cash line

Revenue growth & acceleration

Growth steady →
Last-year revenue growth +4% vs +2% the year before — a +1.9 pp move. 3-year CAGR +3%.
revenue growth by year: 2023 +3% · 2024 +2% · 2025 +4%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — daily history

Current 50.7x · 3-year average 24.7x

EV/EBITDA3-year 75th pct

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-05-210.53 USDEx-dividend: 0.53 USD per sharePaidYahoo Finance (ex-div)
2026-02-190.46 USDEx-dividend: 0.46 USD per sharePaidYahoo Finance (ex-div)
2025-11-200.46 USDEx-dividend: 0.46 USD per sharePaidYahoo Finance (ex-div)
2025-08-210.46 USDEx-dividend: 0.46 USD per sharePaidYahoo Finance (ex-div)
2025-05-220.46 USDEx-dividend: 0.46 USD per sharePaidYahoo Finance (ex-div)
2025-02-200.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2024-11-210.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2024-08-220.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2024-05-220.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2024-02-210.32 USDEx-dividend: 0.32 USD per sharePaidYahoo Finance (ex-div)
2023-11-220.32 USDEx-dividend: 0.32 USD per sharePaidYahoo Finance (ex-div)
2023-08-230.32 USDEx-dividend: 0.32 USD per sharePaidYahoo Finance (ex-div)
2023-05-240.32 USDEx-dividend: 0.32 USD per sharePaidYahoo Finance (ex-div)
2023-02-220.26 USDEx-dividend: 0.26 USD per sharePaidYahoo Finance (ex-div)
2022-11-230.26 USDEx-dividend: 0.26 USD per sharePaidYahoo Finance (ex-div)
2022-08-240.26 USDEx-dividend: 0.26 USD per sharePaidYahoo Finance (ex-div)
2022-05-250.26 USDEx-dividend: 0.26 USD per sharePaidYahoo Finance (ex-div)
2022-02-220.24 USDEx-dividend: 0.24 USD per sharePaidYahoo Finance (ex-div)
2021-11-240.24 USDEx-dividend: 0.24 USD per sharePaidYahoo Finance (ex-div)
2021-08-250.24 USDEx-dividend: 0.24 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of APPLIED MATERIALS INC /DE (AMAT) — from primary filings.

Semiconductor manufacturing equipment and services for chip fabrication worldwide.

Frequently asked questions

What is APPLIED MATERIALS INC /DE (AMAT)'s P/E ratio?
APPLIED MATERIALS INC /DE (AMAT) trades at a P/E of 49.0x (price to trailing 12-month earnings).
What is APPLIED MATERIALS INC /DE (AMAT)'s EV/EBITDA?
APPLIED MATERIALS INC /DE (AMAT) trades at 47.5x EV/EBITDA.
What is APPLIED MATERIALS INC /DE (AMAT)'s P/B ratio?
APPLIED MATERIALS INC /DE (AMAT) trades at a P/B of 20.4x.
What is APPLIED MATERIALS INC /DE (AMAT)'s dividend yield?
APPLIED MATERIALS INC /DE (AMAT)'s trailing 12-month dividend yield is 0.4%.
What is APPLIED MATERIALS INC /DE (AMAT)'s return on equity (ROE)?
APPLIED MATERIALS INC /DE (AMAT)'s ROE is 49.2%.
What is APPLIED MATERIALS INC /DE (AMAT)'s market capitalization?
APPLIED MATERIALS INC /DE (AMAT)'s market cap is 416.8 bn USD.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map