Executive Summary
Generated July 30, 2026
Semiconductor Manufacturing
Applied Materials
Strategic importance is our editorial rating of how central this entity is to the technology landscape we track; confidence reflects how well-sourced and current the underlying evidence is.
6
Chokepoint Score
6 other entities structurally depend on this one
Steady
Momentum
insider filing activity unchanged since last check
Headquarters
Santa Clara, California, USA
Website
Employees
36,500 (FY2025 10-K)
Founded
1967
Listing
AMAT · NASDAQ
Market Cap
$378.29B
Revenue (TTM)
$29.02B
Price
USD476.46 (-15.60%)
Market data as of Jul 29, 2026, 11:25 AM · Source: Yahoo Finance (delayed). Not investment advice.
Overview
Applied Materials is the largest US semiconductor equipment maker by revenue, reporting $28.4 billion in FY2025 and raising its calendar 2026 growth outlook from over 20% to more than 30% as AI-driven demand triggers shortages across every fab process step its tools touch. It posted record Q2 FY2026 revenue of $7.91 billion, up 11% year-over-year, despite a forecast $600 million hit from expanded US export restrictions on China.
Strategic Connections
- US AI Chip Export Controls: Applied Materials paid $252.5 million in early 2026 to settle a US Commerce Department probe into unauthorized ion-implanter shipments to SMIC between 2020 and 2022, and separately forecasts a $600 million fiscal 2026 revenue hit from expanded China export restrictions.
- Ichor Systems: Ichor Systems supplies fluid delivery subsystems used in semiconductor wafer fabrication equipment, including for major equipment makers like Applied Materials.
- SK hynix: SK hynix and Micron together accounted for roughly 21% of Applied Materials' sales, with SK hynix a key EPIC Center co-development partner for memory fabrication equipment.
- Micron Technology: SK hynix and Micron together accounted for roughly 21% of Applied Materials' sales, with Micron a key EPIC Center co-development partner for memory fabrication equipment.
- Samsung Electronics: Samsung Electronics is a key EPIC Center co-development partner of Applied Materials for advanced memory and logic fabrication equipment.
+10 more connections in the Full Analyst Report.
Strategic Risks
- Trades at a rich forward P/E (roughly 49.5x) reflecting high growth expectations that leave limited room for execution missteps
Future Outlook
- Continued capacity expansion to meet AI-driven demand across every leading-edge fab globally
Sources
4 sources, 78% average source confidence — full citations in the Full Analyst Report.
Generated by InsightNodes — Technology Intelligence Platform. This report reflects sourced, evidence-backed information as of the dates cited above and is not investment advice.
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