Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 43.37 | 42.29 | 29.70 | 31.73 | 24.03 | 21.01 | 14.41 | 32.20 | 22.31 | 25.18 | 24.68 | 17.31 | 13.79 | 20.53 | 15.19 | 13.92 | 12.12 | 14.32 | 15.85 | 16.56 | 18.08 |
| — | +101.3% | +106.2% | -1.5% | +7.7% | -16.6% | -41.6% | +86.0% | +61.8% | +22.6% | +62.5% | +24.3% | +13.8% | +43.4% | -4.2% | -15.9% | -32.9% | -23.4% | -31.7% | -16.4% | +45.9% | |
| P/S Ratio | 10.51 | 11.77 | 10.53 | 9.18 | 6.71 | 5.16 | 4.35 | 5.34 | 5.48 | 6.34 | 6.40 | 5.21 | 4.11 | 4.98 | 3.61 | 3.54 | 2.85 | 3.53 | 3.90 | 4.74 | 5.06 |
| — | +128.2% | +142.2% | +72.1% | +22.5% | -18.7% | -32.0% | +2.5% | +33.3% | +27.4% | +77.2% | +47.0% | +44.0% | +41.0% | -7.5% | -25.2% | -43.6% | -31.9% | -29.2% | +9.4% | +69.0% | |
| P/B Ratio | 14.87 | 16.74 | 13.94 | 11.86 | 8.94 | 7.72 | 6.51 | 8.21 | 8.13 | 9.13 | 9.34 | 8.02 | 6.76 | 8.48 | 6.78 | 7.12 | 6.32 | 7.63 | 8.42 | 9.99 | 10.12 |
| — | +116.8% | +113.9% | +44.4% | +10.0% | -15.4% | -30.3% | +2.5% | +20.2% | +7.7% | +37.9% | +12.6% | +7.0% | +11.1% | -19.5% | -28.8% | -37.5% | -28.4% | -18.0% | +28.2% | +90.7% | |
| P/FCF | 52.33 | 46.03 | 100.12 | 61.92 | 22.34 | 18.37 | 29.10 | 70.29 | 17.81 | 20.59 | 37.45 | 16.66 | 22.18 | 13.74 | 11.75 | 12.04 | 30.39 | 18.29 | 118.83 | 11.81 | 32.89 |
| — | +150.6% | +244.0% | -11.9% | +25.4% | -10.8% | -22.3% | +321.8% | -19.7% | +49.9% | +218.7% | +38.4% | -27.0% | -24.9% | -90.1% | +1.9% | -7.6% | -11.8% | +279.8% | -31.3% | +170.2% | |
| EV / EBITDA | 35.48 | 36.08 | 31.43 | 28.96 | 25.02 | 16.19 | 13.65 | 16.81 | 17.74 | 20.91 | 21.03 | 16.86 | 13.14 | 16.51 | 11.92 | 11.73 | 9.55 | 11.69 | 12.46 | 14.35 | 14.71 |
| — | +122.8% | +130.3% | +72.3% | +41.0% | -22.5% | -35.1% | -0.3% | +35.0% | +26.6% | +76.4% | +43.7% | +37.5% | +41.3% | -4.4% | -18.3% | -35.1% | -23.0% | -31.7% | -11.1% | +43.8% | |
| EV / EBIT | 35.95 | 36.08 | 25.36 | 26.86 | 19.50 | 14.45 | 12.97 | 17.55 | 19.51 | 21.05 | 20.57 | 14.69 | 12.38 | 17.15 | 12.73 | 12.14 | 10.14 | 12.34 | 13.00 | 15.05 | 15.11 |
| — | +149.6% | +95.5% | +53.0% | -0.0% | -31.4% | -36.9% | +19.5% | +57.6% | +22.8% | +61.7% | +21.0% | +22.0% | +38.9% | -2.1% | -19.3% | -32.9% | -21.5% | -31.8% | -11.9% | +39.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.7% | 50.3% | 49.9% | 49.0% | 48.0% | 48.8% | 49.1% | 48.8% | 47.3% | 47.3% | 47.4% | 47.8% | 47.1% | 46.3% | 46.7% | 46.7% | 45.9% | 46.1% | 46.9% | 47.2% | 48.1% |
| — | +3.1% | +1.7% | +0.4% | +1.4% | +3.2% | +3.5% | +2.1% | +0.4% | +2.1% | +1.7% | +2.4% | +2.6% | +0.5% | -0.4% | -1.1% | -4.5% | -3.7% | -1.4% | +3.7% | +5.9% | |
| Operating Margin | 29.2% | 33.7% | 31.9% | 29.9% | 25.2% | 30.6% | 30.5% | 30.4% | 29.0% | 28.7% | 28.8% | 29.3% | 29.3% | 28.0% | 28.8% | 29.2% | 29.5% | 29.5% | 30.3% | 31.5% | 32.9% |
| — | +10.3% | +4.4% | -1.5% | -13.3% | +6.7% | +6.2% | +3.5% | -0.9% | +2.2% | -0.2% | +0.3% | -0.8% | -5.0% | -5.0% | -7.2% | -10.2% | -9.2% | +7.2% | +26.8% | +20.2% | |
| Net Margin | 24.7% | 27.8% | 35.5% | 28.9% | 27.9% | 24.4% | 30.1% | 16.5% | 24.6% | 25.2% | 25.9% | 30.1% | 29.8% | 24.3% | 23.8% | 25.5% | 23.6% | 24.6% | 24.6% | 28.6% | 28.0% |
| — | +14.3% | +17.9% | +74.7% | +13.5% | -3.1% | +16.2% | -45.1% | -17.6% | +3.6% | +9.1% | +18.1% | +26.4% | -1.4% | -3.4% | -10.8% | -15.7% | -11.1% | +3.2% | +30.5% | +15.9% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 35.5% | 10.2% | 12.3% | 9.6% | 9.5% | 9.3% | 11.4% | 6.3% | 9.1% | 9.2% | 9.7% | 12.0% | 12.7% | 10.7% | 11.4% | 13.4% | 13.1% | 13.6% | 13.1% | 14.8% | 14.1% |
| — | +10.8% | +8.2% | +52.7% | +3.9% | +0.5% | +17.6% | -47.3% | -28.2% | -13.8% | -15.5% | -10.8% | -2.8% | -21.4% | -12.6% | -9.7% | -6.9% | -4.8% | +15.5% | +44.9% | +25.5% | |
| ROA | 19.8% | 6.1% | 7.2% | 5.5% | 5.4% | 5.2% | 6.4% | 3.5% | 5.1% | 5.2% | 5.4% | 6.5% | 6.6% | 5.2% | 5.5% | 6.3% | 6.0% | 6.2% | 6.0% | 7.0% | 6.8% |
| — | +15.5% | +12.8% | +56.6% | +5.8% | +0.9% | +17.6% | -46.1% | -22.4% | -0.9% | -1.8% | +3.3% | +9.0% | -15.7% | -8.5% | -10.2% | -11.6% | -12.0% | +7.6% | +41.3% | +31.0% | |
| ROIC | 32.9% | 9.1% | 8.1% | 7.5% | 6.2% | 8.3% | 8.5% | 8.9% | 8.8% | 8.5% | 8.5% | 9.0% | 9.4% | 8.8% | 9.1% | 9.2% | 9.6% | 9.9% | 10.7% | 11.7% | 12.2% |
| — | +9.3% | -4.0% | -16.0% | -29.1% | -2.1% | -0.5% | -0.8% | -6.4% | -3.2% | -6.0% | -2.5% | -2.4% | -11.7% | -15.6% | -21.0% | -21.1% | -24.0% | +1.2% | +32.8% | +38.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.35 | 0.29 | 0.30 | 0.33 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.33 | 0.34 | 0.37 | 0.40 | 0.43 | 0.46 | 0.48 | 0.49 | 0.51 | 0.48 | 0.47 |
| — | -17.3% | -13.6% | -6.4% | -0.7% | -2.1% | +6.7% | +2.9% | -5.3% | -12.4% | -23.9% | -24.6% | -23.2% | -16.7% | -14.2% | -5.8% | +1.8% | +2.3% | +6.2% | -2.5% | -12.9% | |
| Debt / EBITDA | 0.84 | 2.47 | 2.73 | 3.23 | 3.87 | 2.88 | 2.94 | 2.89 | 3.06 | 3.27 | 2.99 | 2.91 | 2.86 | 3.15 | 3.00 | 2.93 | 2.75 | 2.88 | 2.92 | 2.77 | 2.71 |
| — | -14.3% | -6.9% | +11.9% | +26.3% | -12.0% | -1.7% | -0.7% | +7.3% | +4.1% | -0.5% | -0.6% | +3.7% | +9.2% | +2.9% | +5.7% | +1.4% | +6.4% | -14.3% | -33.0% | -34.4% | |
| Current Ratio | 2.61 | 2.42 | 2.51 | 2.71 | 2.61 | 2.50 | 2.46 | 2.68 | 2.51 | 2.86 | 2.80 | 2.71 | 2.60 | 2.30 | 2.26 | 2.31 | 2.16 | 2.26 | 2.29 | 2.51 | 2.54 |
| — | -3.1% | +1.8% | +1.5% | +4.2% | -12.5% | -11.9% | -1.3% | -3.5% | +24.6% | +23.9% | +17.6% | +20.3% | +1.6% | -1.5% | -8.1% | -15.0% | -24.1% | -26.2% | -20.9% | -15.3% | |
| Quick Ratio | 1.87 | 1.79 | 1.80 | 1.94 | 1.87 | 1.76 | 1.76 | 1.96 | 1.87 | 2.09 | 1.97 | 1.91 | 1.82 | 1.59 | 1.50 | 1.47 | 1.35 | 1.45 | 1.54 | 1.78 | 1.86 |
| — | +1.4% | +2.6% | -1.1% | +0.3% | -15.5% | -10.9% | +2.7% | +2.5% | +31.5% | +31.2% | +30.1% | +34.4% | +9.4% | -2.3% | -17.6% | -27.2% | -33.1% | -32.0% | -22.3% | -12.4% | |
| Interest Coverage | 35.46 | 43.75 | 47.74 | 34.74 | 32.93 | 39.83 | 35.15 | 34.11 | 29.71 | 32.11 | 34.80 | 40.03 | 38.45 | 31.10 | 31.33 | 34.24 | 34.98 | 30.54 | 33.14 | 34.77 | 36.19 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying AMAT stock.
Applied Materials, Inc.'s current P/E is 43.4x. The average P/E over the last 4 quarters is 31.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Applied Materials, Inc.'s current operating margin is 29.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Applied Materials, Inc.'s business trajectory between earnings reports.