Applied Materials (AMAT)
Builds wafer-fabrication tools and services across chipmaking’s materials-engineering steps.
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Supplies deposition, etch, ion implantation, polishing, metrology, inspection and packaging systems to chipmakers, alongside spares, services and factory-automation software. Semiconductor Systems drives most sales, while demand follows wafer-fab investment cycles and export rules constrain access to some markets.
Builds wafer-fabrication systems for deposition, etch, rapid thermal processing, ion implantation, chemical-mechanical planarization, metrology and inspection, and advanced packaging. Semiconductor Systems sells capital equipment to foundry, logic, DRAM and NAND manufacturers, while smaller display operations sit within Other.
Applied Global Services supplies spares, maintenance, upgrades and factory-automation software for a large installed base. A broad process portfolio supports integrated and co-optimized solutions across adjacent manufacturing steps, and most products and services are delivered outside the United States.
Demand follows chipmakers’ capital-spending cycles and shifts with new device architectures and materials. Sales are concentrated among a small number of large customers, while export controls can restrict products and services in certain countries.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 1, 2026 | UBS | Reiterate | Rating: —Target: $850 | Target: $695 |
| Aug 25, 2026 | Mizuho Securities | Target | Target: $650 | Target: $590 |
| Aug 18, 2026 | Argus Research | Reiterate | Rating: —Target: $500 | Target: $600 |
| Aug 14, 2026 | Seaport Global | Reiterate | Rating: —Target: $500 | Target: $575 |
| Aug 14, 2026 | Craig-Hallum | Reiterate | Rating: —Target: $450 | Target: $585 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 26, 2026Cash & short-term investments $9.23B · Total debt $7.35B · Total assets $43.52B · Shareholders' equity $25.63B
- Revenue
- $9.12B
- Operating income
- $3.08B
- Net income
- $2.54B
HistoryDividendAnnual yieldUpcoming
| Institutions | 84.25% | 668.93M shares | |
|---|---|---|---|
| 3,644 holders · as of Jun 30, 2026 | |||
| Insiders | 0.16% | 1.29M shares | |
| 17 holders · as of Sep 10, 2026 | |||
| Other | 15.59% | 123.74M shares | |
| remainder | |||
793.96M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.10% | 80.21M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.53% | 51.85M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.82% | 38.24M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 3.56% | 28.27M | as of Jun 30, 2026 |
Capital Research Global InvestorsInstitution | 2.79% | 22.16M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 8, 2026 | Judy Bruner | director | −1,000 | $465.00 |
| Aug 25, 2026 | Brice Hill | officer: SVP, CFO | −7,500 | $479.25 |
| Jun 30, 2026 | Gary E. Dickerson | director, officer: President and CEO | −20,000 | $735.22 |
| Jun 29, 2026 | Gary E. Dickerson | director, officer: President and CEO | −58,321 | $700.36 |
| Jun 18, 2026 | Prabu G. Raja | officer: President, Semi. Products Grp. | −10,000 | $633.53 |
- Lam Research
Leads global dry etch; strong rival in CVD/ALD deposition and advanced packaging.
- KLA
Dominates semiconductor process control; direct rival in metrology, inspection, and packaging yield management.
- ASML (ADR)
Monopoly EUV lithographer; displaced AMAT as WFE revenue #1 in 2023–2024; expanding into metrology.
- Axcelis Technologies
Pure-play ion implant rival; leads high-current and SiC ion implant against AMAT's Varian portfolio.
- Onto Innovation
Rising advanced packaging process control specialist; competes in metrology and inspection against AMAT tools.
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Applied Materials | $472.13 | −0.07% | $368.59B | 40.0 | 26.9 | 12.0 | +24.8% |
| Lam Research | $310.08 | −0.26% | $378.02B | 52.5 | 32.7 | 16.3 | +30.0% |
| KLA | $187.78 | −0.29% | $240.32B | 50.2 | 34.1 | 17.7 | +15.2% |
| ASML (ADR) | $1,743.08 | −0.28% | $659.57B | 54.2 | 31.1 | 16.3 | +19.6% |
| Axcelis Technologies | $115.74 | +0.04% | $3.48B | 38.0 | 23.9 | 4.0 | +10.6% |
| Onto Innovation | $283.81 | −0.04% | $13.73B | 103.8 | 27.7 | 12.3 | +35.3% |
| Median | 52.5 | 31.1 | 16.3 | +19.6% |