Why did Applied Materials (AMAT) stock move recently?

On 9/1/2026, Applied Materials moved -3.6% — AMAT fell with broader semiconductor equipment sector weakness (sector -1.33%), as investors scrutinized the sustainability of AI-driven hyperscaler capex after the recent rally and amid ongoing U.S. export controls limiting China revenue plus rising Chinese domestic competition. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Applied Materials (AMAT) overvalued or fairly valued?

MarketChacha shows Applied Materials's valuation in context — a trailing P/E of about 41.7, a forward P/E of about 24.6, a price-to-book of about 14.1 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Applied Materials's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.20×) from reported figures — education, not a rating.

What is Applied Materials's revenue?

Applied Materials reported revenue of $28.4B for FY2025, with net profit of $7.0B, per official filings.

What is the share price of Applied Materials (AMAT)?

Applied Materials last traded at $454.71 (+4.3% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Applied Materials

AMAT · NASDAQ · Semiconductor Equipment · United States

Snapshot

TickerAMAT

ExchangeNASDAQ

SectorSemiconductor Equipment

IndustrySemiconductor Equipment & Materials

CountryUnited States

Employees38,900

HeadquartersSanta Clara, United States

Websitewww.appliedmaterials.com

Filings tracked15

About Applied Materials

Applied Materials, Inc. provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries in the United States, China, Korea, Taiwan, Japan, Southeast Asia, Europe, and internationally. The company operates through Semiconductor Systems and Applied Global Services (AGS) segments. The Semiconductor Systems segment includes semiconductor capital equipment to enable materials engineering steps, including etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The AGS segment offers integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, and 200 millimeter and other equipment and factory automation software for semiconductor and other products. It serves manufacturers of semiconductor wafers and chips, and other electronic devices. Applied Materials, Inc. was incorporated in 1967 and is headquartered in Santa Clara, California.

Who owns it

Insiders0.3%
Institutions86.3%
Public & other13.4%

4,483 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.10.11%
Vanguard Capital Management LLC6.53%
State Street Corporation4.82%
Invesco Ltd.3.56%
Capital Research Global Investors2.79%
Geode Capital Management, LLC2.77%
Vanguard Portfolio Management LLC2.34%
JPMORGAN CHASE & CO1.75%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.20×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend25.9% → 24.7%

Margin has held broadly steady over the period — stable profitability.

Return on equity34.3%

Latest ROE of 34.3% — capital is generating a healthy return.

Growth qualityrev 3% · PAT 1%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $10.7B · EPS 4.20

Est. earnings growth +76.4%

Next fiscal year

Rev $46.1B · EPS 18.45

Est. earnings growth +44.2%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$28.4B

Net margin

24.7%

ROE

34.3%

Revenue CAGR (2y)

+3.4%

Profit CAGR (2y)

+1.0%

EPS (FY2025)

8.66

Net profit (FY2025)

$7.0B

Ask MarketChacha about AMAT

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 1, 2026
AMAT fell with broader semiconductor equipment sector weakness (sector -1.33%), as investors scrutinized the sustainability of AI-driven hyperscaler capex after the recent rally and amid ongoing U.S. export controls limiting China revenue plus rising Chinese domestic competition.
source 1 ↗· confidence: high
Aug 14, 2026
Applied Materials fell despite a fiscal Q3 beat, with revenue up about 25% year-on-year to $9.12 billion, adjusted EPS of $3.50 and Q4 guidance above consensus. Investors focused on the stock's large 2026 run-up and on China falling to about 28% of sales from roughly 35% a year earlier.
source 1 ↗source 2 ↗· confidence: high
Aug 4, 2026
AMAT rose amid positive analyst sentiment and BofA's $1.18T cloud spending forecast highlighting chip equipment stocks including Applied Materials, with no company-specific filing or earnings release today.
source 1 ↗source 2 ↗source 3 ↗· confidence: medium
Jul 29, 2026
AMAT fell with the broader semiconductor sector amid a sharp sell-off in chip stocks driven by concerns over AI-related capital spending and SK Hynix results missing lofty expectations.
source 1 ↗source 2 ↗· confidence: high
Jul 28, 2026
AMAT fell sharply as U.S. semiconductor equipment stocks sold off on reports that a state-backed Chinese firm has begun mass-producing domestic immersion DUV lithography tools, threatening future demand for Western suppliers like ASML and Applied Materials.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Jul 27, 2026
AMAT fell sharply today amid broader semiconductor sector profit-taking after a strong first-half rally, with no company-specific negative catalyst; next earnings are not until August 13 and recent coverage highlights upgrades and solid AI-driven demand outlook.
source 1 ↗source 2 ↗· confidence: medium
Jul 24, 2026
AMAT fell with the broader semiconductor sector on profit-taking after a strong first-half rally and concerns over AI spending sustainability, amid surging oil prices and bond yields that slammed stocks on July 23.
source 1 ↗source 2 ↗· confidence: medium
Jul 21, 2026
AMAT shares rose sharply as TSMC announced plans to raise chipmaking prices up to 10% from 2027 and wafer supplier IQE raised guidance, reaffirming robust AI and data-center chip demand that benefits equipment suppliers like Applied Materials; industry forecasts also pointed to record chipmaking equipment sales by 2028.
source 1 ↗· confidence: high

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about AMAT

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$28.4B	$7.0B	8.66	24.7%	34.3%
FY2024	$27.2B	$7.2B	8.61	26.4%	37.8%
FY2023	$26.5B	$6.9B	8.11	25.9%	41.9%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$7.9B	$2.8B	3.51	35.5%
2026Q1	$7.0B	$2.0B	2.54	28.9%
2025Q3	$7.3B	$1.8B	2.22	24.4%
2025Q2	$7.1B	$2.1B	2.63	30.1%
2025Q1	$7.2B	$1.2B	1.45	16.5%
2024Q3	$6.8B	$1.7B	2.05	25.2%
2024Q2	$6.6B	$1.7B	2.06	25.9%
2024Q1	$6.7B	$2.0B	2.41	30.1%
2023Q3	$6.4B	$1.6B	1.85	24.3%
2023Q2	$6.6B	$1.6B	1.86	23.8%
2023Q1	$6.7B	$1.7B	2.02	25.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC5/21/2026
8-K — Results of operations, Exhibits
SEC5/14/2026material
8-K — Shareholder vote results
SEC3/13/2026material
10-Q filing
SEC2/19/2026
8-K — Reg FD disclosure, Other events, Exhibits
SEC2/12/2026material
8-K — Results of operations, Exhibits
SEC2/12/2026material

2025

10-K filing
SEC12/12/2025
8-K — Results of operations, Exhibits
SEC11/13/2025material
8-K — Costs from exit/disposal, Reg FD disclosure, Exhibits
SEC10/23/2025material
8-K — Reg FD disclosure
SEC10/2/2025material
8-K — Material agreement, Material financial obligation, Exhibits
SEC9/26/2025material
8-K — Material agreement, Other events, Exhibits
SEC9/19/2025material
8-K — Executive/director change
SEC9/15/2025material
10-Q filing
SEC8/21/2025
8-K — Results of operations, Exhibits
SEC8/14/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.