Applied Materials, Inc. (AMAT) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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AMAT Revenue Growth
Revenue Breakdown (FY 2024)
AMAT's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
AMAT Revenue Analysis (2014–2025)
As of May 6, 2026, Applied Materials, Inc. (AMAT) generated trailing twelve-month (TTM) revenue of $28.37 billion, reflecting slight decline in growth of -3.5% year-over-year. The most recent quarter (Q4 2025) recorded $6.80 billion in revenue, down 6.9% sequentially.
Looking at the longer-term picture, AMAT's 5-year compound annual growth rate (CAGR) stands at +10.5%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $28.37 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows AMAT's business is primarily driven by Semiconductor Systems (74%), Applied Global Services (23%), and Display and Adjacent Markets (3%). With over half of revenue concentrated in Semiconductor Systems, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including LRCX (+26.5% YoY), KLAC (+13.4% YoY), and ASML (+11.0% YoY), AMAT has underperformed the peer group in terms of revenue growth. Compare AMAT vs LRCX →
AMAT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AMATCurrent | $28.4B | -3.5% | +10.5% | 29.2% | |
 LRCX | $18.4B | +26.5% | +12.9% | 32.0% | |
 KLAC | $12.2B | +13.4% | +15.9% | 43.1% | |
 ASML | $31.4B | +11.0% | +17.6% | 34.6% | |
 ONTO | $1.0B | -1.5% | +12.6% | 13.2% | |
 NVMI | $672M | +31.0% | +24.5% | 27.9% |
AMAT Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $28.37B | +4.4% | $13.81B | 48.7% | $8.29B | 29.2% |
| 2024 | $27.18B | +2.5% | $12.90B | 47.5% | $7.87B | 28.9% |
| 2023 | $26.52B | +2.8% | $12.38B | 46.7% | $7.65B | 28.9% |
| 2022 | $25.79B | +11.8% | $11.99B | 46.5% | $7.79B | 30.2% |
| 2021 | $23.06B | +34.1% | $10.91B | 47.3% | $6.89B | 29.9% |
| 2020 | $17.20B | +17.8% | $7.69B | 44.7% | $4.37B | 25.4% |
| 2019 | $14.61B | -12.6% | $6.39B | 43.7% | $3.35B | 22.9% |
| 2018 | $16.70B | +13.7% | $7.52B | 45.0% | $4.49B | 26.9% |
| 2017 | $14.70B | +35.8% | $6.61B | 45.0% | $3.94B | 26.8% |
| 2016 | $10.82B | +12.1% | $4.51B | 41.7% | $2.15B | 19.9% |
Full AMAT Stock Analysis
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Start ComparisonAMAT — Frequently Asked Questions
Quick answers to the most common questions about buying AMAT stock.
Is AMAT's revenue growth accelerating or slowing?
AMAT revenue growth slowed to -3.5%, below the 5-year CAGR of +10.5%. TTM revenue is $28.4B. The deceleration marks a shift from historical growth rates.
What is AMAT's long-term revenue growth rate?
Applied Materials, Inc.'s 5-year revenue CAGR of +10.5% reflects the variable expansion pattern. Current YoY growth of -3.5% is near this long-term average.
How is AMAT's revenue distributed by segment?
AMAT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.