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Applied Materials Inc. AMAT

19 fiscal years on record · USD · FY2025 reported · SEC filings only

8 YEARS OF DIVIDEND GROWTH

Revenue

$28.4B

▲ 4.4% YoY

Net income

$7.0B

▼ 2.5% YoY

Free cash flow

$5.7B

▼ 23.9% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Applied Materials designs, develops, produces and services the wafer fabrication tools that its customers use to manufacture semiconductors. As of October 26, 2025, it employed approximately 36,500 regular full-time employees spanning 25 countries. Manufacturing and supply chain activities are conducted in various countries, including the United States, Singapore, Japan, China, Korea, Taiwan and Israel. The company operates in two reportable segments: Semiconductor Systems and Applied Global Services (AGS). The Semiconductor Systems segment designs, develops, manufactures and sells equipment used to fabricate semiconductor chips, also referred to as integrated circuits. The AGS segment provides services, spares and factory automation software to customer fabrication plants globally. During fiscal 2025, two customers accounted for approximately 19% and 15% of net revenue. Applied Materials was incorporated in 1967 as a Delaware corporation, and its fiscal year ends on the last Sunday in October.

Written from the business description in APPLIED MATERIALS INC /DE's annual report to the U.S. Securities and Exchange Commission, filed 12 December 2025. Every sentence was checked against that document before publication.

Growth

USD 28.4B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 28.4 · Net income 7.0

10B20B

2007201020132016201920222025

Compound annual growth

Revenue

+3.2%

+10.5%

+11.4%

+7.5%

Net income

+2.4%

+14.1%

+17.7%

+14.3%

EPS, diluted

+5.2%

+17.2%

+22.7%

+18.3%

Dividend / share

+20.4%

+15.4%

+33.4%

Returned to shareholders

−3.9%

+36.7%

+13.3%

+17.0%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +10.5% a year over the five years to FY2025 — but profit grew faster: net income at +14.1%, earnings per share at +17.2%.

The share count fell from 0.91B to 0.79B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

25 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 29.2% · Net 24.7%

10%20%30%-2%-4%-6%

200720162025

ROE

FY2025 · ROE 35.5%

20%40%

200720162025

Three returns, three denominators.

Return on equity35.5%

Return on assets19.8%

Return on capital employed30.6%

Gross margin48.7%

Operating margin29.2%

Net margin24.7%

EBITDAUSD 8.7B

Each USD of equity produced 36 cents of profit this year.

Cash & shareholders

USD 6.0B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 5.7

3B6B

200720162025

Net buybacks $B Dividends $B

FY2025 · Dividends 1.4 · Net buybacks 4.6

2.5B5.0BDividendsNet buybacks

2007201020132016201920222025

Dividends paidUSD 1.4B

Net buybacksUSD 4.6B

Share of profit86.0%

Consecutive raises8 years

USD 1.4B in dividends and USD 4.6B in buybacks — 86% of the year's profit went back to shareholders.

Total assetsUSD 36.3B

EquityUSD 20.4B

CashUSD 7.2B

Gross debtUSD 6.5B

Net debtUSD -786.0M

Current ratio2.61×

The company holds more cash than debt.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative—not applicable◌not available in our data

AMAT, 19-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	28.4	27.2	26.5	25.8	23.1	17.2	14.6	16.7	14.7	10.8	9.7	9.1	7.5	8.7	10.5	9.5	5.0	8.1	9.7
Operating income $B	8.3	7.9	7.7	7.8	6.9	4.4	3.4	4.5	3.9	2.2	1.7	1.5	0.4	0.4	2.4	1.4	−0.4	1.4	2.4
EBITDA $B	8.7	8.2	8.1	8.2	7.2	4.7	3.7	4.7	4.2	2.4	1.9	1.7	0.6	0.6	2.6	◌	◌	◌	◌
Income tax $B	2.3	1.0	0.9	1.1	0.9	0.5	0.6	1.4	0.3	0.3	0.2	0.4	0.1	0.2	0.5	0.4	−0.2	0.4	0.7
Net income $B	7.0	7.2	6.9	6.5	5.9	3.6	2.7	3.0	3.5	1.7	1.4	1.1	0.3	0.1	1.9	0.9	−0.3	1.0	1.7
Free cash flow $B	5.7	7.5	7.6	4.6	4.8	3.4	2.8	3.2	3.4	2.3	0.9	1.6	0.4	1.7	2.2	1.6	0.1	1.4	1.9
EPS, diluted $	8.66	8.61	8.11	7.44	6.40	3.92	2.86	2.96	3.25	1.54	1.12	0.87	0.21	0.09	1.45	0.70	−0.23	0.70	1.20
Dividend / sh $	1.78	1.52	1.22	1.02	0.94	0.87	0.83	0.70	0.10	0.10	0.10	0.10	◌	◌	◌	0.07	0.06	◌	◌
Payout %	20	17	14	13	14	22	28	20	12	26	35	45	178	398	21	37	−105	34	18
ROE %	35.5	40.6	48.0	53.4	51.6	38.5	35.9	36.9	41.3	22.9	17.8	14.3	3.6	1.4	23.6	12.8	−4.2	12.5	21.9
Shares out B	0.79	0.82	0.83	0.84	0.89	0.91	0.92	0.97	1.06	1.08	1.16	1.22	1.20	1.20	1.31	1.33	1.34	1.33	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 93 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivitySemiconductors & Related Devices

Listed onNASDAQ

Incorporated inDistrict of Columbia

Fiscal year endsOctober 26

Data on record since2007

Applied Materials Inc. AMAT

What this company does

Growth↗ Share

Profitability↗ Share

Cash & shareholders↗ Share

The 19-year record

Other companies filing in the same sector

Company facts, as filed

Growth

Profitability

Cash & shareholders