“Applied Materials is the largest maker of chip-manufacturing equipment, covering deposition, etch, inspection and display tools.”
🐂 Bull
- Broadest tool portfolio for advanced chips
- 34% GAAP operating margin last quarter
- Revenue grew +25% YoY last quarter ($7.3B → $9.1B)
🐻 Bear
- Cyclical spending and China export restrictions
- Insiders sold ~$93M in open-market trades since 2026-04-18
What changed
Quarter revenue $9.1B, +25% YoY; operating income $3.1B vs $2.2B a year ago (+38%).
AMAT · Applied Materials Inc
Hardware & Semis · ★ Legendary · Power 92/100 · CIK 0000006951
What it does
Applied Materials is the largest maker of chip-manufacturing equipment, covering deposition, etch, inspection and display tools.
What changed
10-Q for the period ending 2026-07-26, filed 2026-08-20 0001628280-26-058235
Quarter revenue $9.1B, +25% YoY; operating income $3.1B vs $2.2B a year ago (+38%).
- Revenue (qtr to 2026-07-26): $9.1B (+25% YoY) 0001628280-26-058235
- Operating income (qtr to 2026-07-26): $3.1B (+38% YoY) 0001628280-26-058235
- Operating cash flow (FY to 2025-10-26): $8.0B (-8.3% YoY) 0001628280-25-056742
🐂 Bull case
- Broadest tool portfolio for advanced chips
- 34% GAAP operating margin last quarter 0001628280-26-058235
- Revenue grew +25% YoY last quarter ($7.3B → $9.1B) 0001628280-26-058235
🐻 Bear case
- Cyclical spending and China export restrictions
- Insiders sold ~$93M in open-market trades since 2026-04-18 0001628280-26-044048
🚩 Red flags
- 💸 Insider selling: ~$93M of open-market sales in 10 of 17 Form 4s since 2026-04-18 0001628280-26-044048, 0001628280-26-044050, 0001628280-26-044741
10-year history PRO
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How the power level is computed
Power (0–100) = Growth 25 × clip(quarter revenue YoY ÷ 30%) + Profit 25 × clip(quarter GAAP operating margin ÷ 30%) + Cash 20 × clip(FY free cash flow ÷ FY revenue ÷ 25%) + Fortress 15 (full if cash + short-term investments ≥ debt, else 15 × clip(1 − net debt ÷ FY revenue); half if debt isn't tagged) + Dilution 15 (full if diluted shares flat/down YoY, 0 at +5%). Missing inputs get half credit. Banks and insurers get a Financials frame: their score isn't comparable.
Not investment advice. Ticker Card summarizes public SEC EDGAR filings, which can be restated or late. No stock prices. Every number cites the filing's accession number. Source: SEC EDGAR.