Applied Materials, Inc. (AMAT) Stock Price & Analysis
Applied Materials, Inc. (AMAT) closed at USD 375.58 on Thursday, October 22, 2026, down 8.16% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 375.58; the Oct 22, 2026 session ranged USD 375.2–389.82 on volume of 13,001,175 shares. Market capitalization is —, with a 52-week range of USD 203.4–739.67 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:26 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AMAT.md
Key facts (AMAT)
- Last four reported quarters (through Jul 26, 2026): revenue $30.8B, net income $9.27B (30.1% margin), free cash flow $5.62B (SEC filings).
- 11 of 80 tracked superinvestors hold AMAT (13F, Q2 2026 (1 investor on Q3 2026, filed early)): 1 new, 0 added, 8 reduced, 2 unchanged.
- Total return with dividends: 1Y +65.3% vs S&P 500 +14.9%; 5Y +188.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-12, EPS estimate USD 4.06, revenue estimate $10.3B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AMAT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $23.1B | $25.8B | $26.5B | $27.2B | $28.4B | $30.8B |
| Gross profit | $10.9B | $12.0B | $12.4B | $12.9B | $13.8B | — |
| Operating income | $6.89B | $7.79B | $7.65B | $7.87B | $8.29B | $9.14B |
| Net income | $5.89B | $6.53B | $6.86B | $7.18B | $7.00B | $9.27B |
| EPS (diluted) | $6.40 | $7.44 | $8.11 | $8.61 | $8.66 | — |
| Free cash flow | $4.77B | $4.61B | $7.59B | $7.49B | $5.70B | $5.62B |
| Gross margin | 47.3% | 46.5% | 46.7% | 47.5% | 48.7% | — |
| Operating margin | 29.9% | 30.2% | 28.9% | 28.9% | 29.2% | 29.6% |
| Net margin | 25.5% | 25.3% | 25.9% | 26.4% | 24.7% | 30.1% |
| Revenue growth | +34.1% | +11.8% | +2.8% | +2.5% | +4.4% | — |
| Cash + short-term investments | $5.46B | $2.58B | $6.87B | $9.47B | $8.57B | — |
| Total debt | $5.45B | $5.46B | $5.46B | $6.16B | $6.46B | — |
Fiscal years end Oct. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 26, 2026) (AMAT)
P/E at fiscal year-ends: Oct 2025 26.9x, Oct 2024 21.1x, Oct 2023 16.3x.
Superinvestors (SEC 13F-HR, Q2 2026) (AMAT)
11 of 80 tracked investors hold AMAT (1 investor on Q3 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change | Quarter |
|---|---|---|---|---|---|
| Abrams Bison Investments, LLC | 19.48% | $399M | Reduced -21.6% | Q2 2026 | |
| William Von Mueffling | Cantillon Capital Management | 5.45% | $36.3M | Reduced -96.7% | Q2 2026 |
| Stephen Mandel | Lone Pine Capital | 5.34% | $873M | New position | Q2 2026 |
| Chase Coleman | Tiger Global Management | 4.92% | $1.18B | Reduced -1.5% | Q2 2026 |
| David Katz | Matrix Asset Advisors | 2.02% | $24.5M | Reduced -0.4% | Q3 2026 |
| Christopher Davis | Davis Advisors | 0.32% | $74.1M | Reduced -91.4% | Q2 2026 |
| Thomas Gayner | Markel Group | 0.20% | $26.3M | Unchanged | Q2 2026 |
| Mairs & Power | Mairs & Power Funds | 0.07% | $8.0M | Reduced -2.8% | Q2 2026 |
| Lee Ainslie | Maverick Capital | 0.02% | $1.8M | Reduced -99.7% | Q2 2026 |
| Glenn Greenberg | Brave Warrior Advisors | 0.02% | $695K | Unchanged | Q2 2026 |
| Bill Nygren | Oakmark Funds | <0.01% | $1.4M | Reduced -11.6% | Q2 2026 |
Analysts (AMAT)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | Needham | Target lowered | Buy | $740 → $580 |
| 2026-10-15 | Evercore ISI Group | Target lowered | Outperform | $700 → $590 |
| 2026-10-14 | RBC Capital | Reiterated | Outperform | $600 |
| 2026-09-28 | Morgan Stanley | Target lowered | Equal-Weight | $642 → $563 |
| 2026-09-01 | UBS | Target raised | Buy | $675 → $695 |
| 2026-08-25 | Mizuho | Target lowered | Outperform | $650 → $590 |
| 2026-08-18 | Argus Research | Target raised | Buy | $500 → $600 |
| 2026-08-14 | UBS | Target lowered | Buy | $705 → $675 |
| 2026-08-14 | Craig-Hallum | Target raised | Buy | $530 → $585 |
| 2026-08-14 | Morgan Stanley | Target lowered | Equal-Weight | $646 → $642 |
| 2026-08-14 | Bernstein | Target raised | Outperform | $675 → $700 |
| 2026-08-14 | TD Cowen | Reiterated | Buy | $700 |
Total return (dividends reinvested) (AMAT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +65.3% | +188.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +65.6% | +23.5% |
| Volatility (annualized) | 60.3% | 44.7% |
| Max drawdown | -48.0% (Jun 2026→Oct 2026) | -54.9% (Jan 2022→Oct 2022) |
Companies that name AMAT in their SEC reports
| Relationship to AMAT | Company | Filing | Sentence |
|---|---|---|---|
| competitor | LAM RESEARCH CORP (LRCX) | 10-K Aug 7, 2026 | “Our primary competitor in the dielectric and metals deposition market is Applied Materials, Inc. For ALD and PECVD, we also compete against ASM International and Wonik IPS.” |
| competitor | KLA CORP (KLAC) | 10-K Aug 6, 2026 | “In each of our product markets, we have many competitors, including companies such as Applied Materials, Inc., ASML Holding N.V., Hitachi High-Tech Corporation, Lasertec, Inc. and Onto Innovation, Inc., some of which may have greater financial, research, engineering, manufacturing and marketing resources than we have.” |
| customer | Xanadu Quantum Technologies Ltd (XNDU) | 20-F Apr 9, 2026 | “A key collaboration with Applied Materials focuses on co-developing the first 300 mm wafer-compatible” |
| partner | CHEMUNG FINANCIAL CORP (CHMG) | 10-K Mar 13, 2026 | “Major partners in the initiative include Applied Materials, Micron, IBM, and Tokyo Electron, and the facility aims to complement the existing semiconductor supply chain presence of companies such as ASML and GlobalFoundries, as well as enhance the research capabilities of local universities such as Rensselaer Polytechnic Institute and SUNY Polytechnic.” |
| competitor | ACM Research, Inc. (ACMR) | 10-K Mar 2, 2026 | “Principal competitors for our PECVD and Track products also include Lam Research Corporation, Applied Materials, Inc., and Suzhou Jingtuo Semiconductor Technology Co., Ltd. We also face additional competitors based in mainland China across multiple product lines due in part to the recent entrants of local equipment suppliers.” |
| supplier | CELESTICA INC (CLS) | 10-K Feb 27, 2026 | “Our CCS segment customers include Amazon Fulfillment Services, Inc., Meta Platforms, Inc., Google Inc., Ciena Corporation, Dell Technologies, Hewlett-Packard Enterprise, and IBM Corporation, Inc. Our ATS segment customers include Applied Materials, Inc., LAM Research and Honeywell Inc. We are focused on strengthening our relationships with strategic customers through the delivery of new and expanding end-to-end so…” |
| competitor | AXCELIS TECHNOLOGIES INC (ACLS) | 10-K Feb 26, 2026 | “In the market for ion implantation systems, we mainly compete against Applied Materials, Inc. ("Applied Materials").” |
| supplier | BENCHMARK ELECTRONICS INC (BHE) | 10-K Feb 24, 2026 | “Sales to our largest customer, Applied Materials, Inc. and subsidiaries, represented 14% of our total sales in both 2025 and 2024 and 12% of our total sales in 2023.” |
| supplier | Ultra Clean Holdings, Inc. (UCTT) | 10-K Feb 23, 2026 | “Our two largest revenue customers in fiscal years 2025, 2024 and 2023 were Applied Materials, Inc. and Lam Research Corporation, each of which accounted for more than 10% of our total revenues in those three years.” |
| supplier | ICHOR HOLDINGS, LTD. (ICHR) | 10-K Feb 20, 2026 | “We have long standing relationships with top tier OEM customers, including Lam Research, Applied Materials, and ASML which were our largest customers by sales in 2025.” |
| supplier | Enpro Inc. (NPO) | 10-K Feb 19, 2026 | “Representative customers include leading global manufacturers of semiconductor manufacturing equipment, such as Applied Materials and ASML, as well as manufacturers of equipment used in the life sciences and industrial technology industries and government defense contractors.” |
AMAT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $4.06 | $3.64 | +11.6% | $10.30B | 25 |
| Next quarter (ends Jan 2027) | $4.21 | $3.79 | +10.9% | $10.74B | 23 |
| Current fiscal year (ends Oct 2026) | $12.79 | $12.27 | +4.2% | $34.26B | 31 |
| Next fiscal year (ends Oct 2027) | $18.49 | $16.75 | +10.4% | $46.37B | 35 |
Key Statistics (as of October 23, 2026 at 09:26 UTC)
| Price | USD 375.58 |
|---|---|
| Change | ▼ 8.16% (down) |
| Previous Close | USD 375.58 |
| Open | USD 375.58 |
| Day Range | USD 375.2 – 389.82 |
| 52-Week Range | USD 203.4 – 739.67 |
| Volume | 13,001,175 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (AMAT)
Nexqual's technical model rates AMAT "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:26 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 25.93 (oversold) |
| vs SMA50 | Below (USD 471.56) |
| MACD | -22.82 (negative) |
Earnings (AMAT)
| Next Earnings Date | 2026-11-12 |
|---|---|
| EPS Estimate | USD 4.06 |
| Revenue Estimate | $10.30B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 3.5 vs est 3.39 ▲ beat |
| 2026-04-30 | USD 2.86 vs est 2.69 ▲ beat |
| 2026-01-31 | USD 2.38 vs est 2.21 ▲ beat |
| 2025-10-31 | USD 2.17 vs est 2.09 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financials & Fundamentals (AMAT)
| Total Revenue | $30.84B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +24.80% |
| Gross Margin | +49.40% |
| Operating Margin | +33.74% |
| Profit Margin | +30.05% |
| ROE | +41.07% |
| Debt / Equity | 0.29 |
| Current Ratio | 2.42 |
| Total Cash | $9.23B |
| Total Debt | $7.35B |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Ownership (AMAT)
| Insider Ownership | +0.33% |
|---|---|
| Institutional Ownership | +86.17% |
| Shares Outstanding | 793.60M |
| Float | 790.48M |
| Short % of Float | +1.71% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| LRCX | Lam Research Corporation | USD 230.15 | ▼ 11.76% |
| KLAC | KLA Corporation | USD 147.83 | ▼ 9.55% |
| ASML | ASML Holding N.V. - New York Re | USD 1,560.54 | ▼ 6.93% |
| TER | Teradyne, Inc. | USD 308.75 | ▼ 10.63% |
| Q | Qnity Electronics, Inc. | USD 108.78 | ▼ 9.48% |
| ENTG | Entegris, Inc. | USD 128.31 | ▼ 13.12% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:26 UTC. This page is informational and not investment advice.
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