Applied Materials, Inc. (AMAT)
NASDAQ · Technology · analysed October 12, 2026
Founded in 1967, Applied Materials, Inc. is a global leader in materials engineering solutions, supplying specialized equipment, software, and services used to manufacture semiconductor chips and advanced displays. The company's systems perform critical wafer fabrication processes, such as atomic-level deposition, etching, and inspection, which enable the production of virtually every microchip worldwide. Currently, Applied Materials is focused on driving semiconductor breakthroughs for energy-efficient computing and artificial intelligence, advancing next-generation chip architectures, and accelerating commercialization through its multibillion-dollar EPIC R&D Center in Silicon Valley.
Executive summary
Applied Materials is the world's most diversified semiconductor manufacturing equipment supplier, positioned to capture secular growth in gate-all-around transistors, advanced packaging, and artificial intelligence memory hardware1,8. Fiscal 2026 consensus points to robust acceleration, with projected revenue growth of 20.7% and non-GAAP earnings expansion of 35.7%1,2,16. However, the shares have already gained 133% over the past year, and the company carries severe unresolved exposure to tightening U.S. export controls on China, which contributes nearly 30% of sales1,2.
Sources cited here, 4 of 36
- 1sec.gov
- 2ir.appliedmaterials.com
- 8morningstar.com
- 16investing.com
Key figures
- Market cap
- $402.4B
- P/E, trailing
- 43.7
- P/E, next 12 months
- 31.7
- Revenue growth, last fiscal year
- 4.4%
- Net margin, last fiscal year
- 24.7%
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