What are Applied Materials's profit margins?

Applied Materials (AMAT) runs a 49.0% gross margin and a 28.6% operating margin, with a 29.3% net margin.

Where do Applied Materials's ratios come from?

Every ratio is computed from Applied Materials's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Applied Materials AMAT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q2 '26	Q1 '26	Q4 '25	Q3 '25	Q2 '25
Profitability
Gross margin	49%+0.8pp	48.7%+1.0pp	48.7%+1.2pp	48.5%+1.1pp	48.1%+1.0pp
Operating margin	28.6%-1.1pp	28.2%-1.1pp	29.2%+0.3pp	30.1%+1.1pp	29.7%+0.8pp
Net margin	29.3%+5.3pp	27.8%+4.8pp	24.7%-1.7pp	23.9%-3.9pp	24.1%-3.5pp
EBITDA margin	30.3%-0.9pp	29.8%-0.9pp	30.8%+0.4pp	31.6%+1.1pp	31.1%+0.5pp
Free cash flow margin	18.4%-2.5pp	22%+0.5pp	20.1%-7.5pp	20.4%-4.1pp	20.9%-4.8pp
Returns
Return on equity	39.7%+3.3pp	38.9%+3.7pp	35.5%-5.1pp	35.6%-8.3pp	36.4%-8.8pp
Return on assets	23%+2.4pp	22.1%+2.5pp	19.8%-2.2pp	20.1%-3.1pp	20.6%-3.3pp
Return on invested capital	25.2%-3.6pp	25.6%-2.3pp	24.9%-5.8pp	27%-4.3pp	28.9%-3.6pp
Efficiency
Asset turnover	0.8×-0.1×	0.8×-0.1×	0.8×0.0×	0.8×0.0×	0.9×0.0×
Inventory turnover	2.5×-0.1×	2.5×-0.1×	2.6×0.0×	2.6×+0.1×	2.6×+0.2×
Liquidity
Current ratio	2.5×0.0×	2.7×0.0×	2.6×+0.1×	2.5×-0.4×	2.5×-0.3×
Quick ratio	1.8×0.0×	1.9×0.0×	1.9×0.0×	1.8×-0.3×	1.8×-0.2×
Cash ratio	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Leverage
Debt-to-equity	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.4×0.0×
Debt-to-assets	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Net debt / EBITDA	0.7×+0.1×	0.7×0.0×	0.6×0.0×	0.6×-0.1×	0.6×0.0×
Interest coverage	30.2×-1.7×	29×-3.0×	30.8×-1.0×	32.7×+0.1×	31.9×-0.5×
Per Share
Book value per share	$29.92+28.1%	$27.18+19.5%	$25.27+10.9%	$24.32+7.5%	$23.35+7.3%
Valuation
Market capitalization	$313.07B+157%	$255.83B+70.7%	$185.7B+24.1%	$144.5B-17.8%	$122B-26.1%
Enterprise value	$318.84B+151%	$261.48B+68.5%	$191.33B+23.4%	$149.82B-17.2%	$127.23B-25.0%
Price / earnings	36.8×+18.7×	32.6×+9.0×	26.5×+5.7×	21.2×-2.4×	18.1×-4.5×
Price / sales	10.8×+6.4×	9.1×+3.6×	6.5×+1.0×	5.1×-1.5×	4.3×-1.9×
Price / book	13.1×+6.7×	11.8×+3.7×	9.1×+1.2×	7.4×-1.9×	6.4×-2.6×
EV / EBITDA	36.3×+21.7×	31.1×+12.8×	21.9×+3.2×	16.5×-5.5×	14.5×-6.4×
EV / sales	11×+6.5×	9.3×+3.7×	6.7×+1.0×	5.2×-1.5×	4.5×-1.9×
Free cash flow yield	1.7%-3.1pp	2.4%-1.5pp	3.1%-1.9pp	4%+0.3pp	4.8%+0.7pp
Earnings yield	2.7%-2.8pp	3.1%-1.2pp	3.8%-1.0pp	4.7%+0.5pp	5.5%+1.1pp
Dividend yield	0.5%-0.6pp	0.6%-0.3pp	0.7%-0.1pp	0.9%+0.3pp	1.1%+0.4pp
PEG ratio	1.4×—	1.4×—	——	——	——

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Questions, answered.

What are Applied Materials's profit margins?: Applied Materials (AMAT) runs a 49.0% gross margin and a 28.6% operating margin, with a 29.3% net margin.
Where do Applied Materials's ratios come from?: Every ratio is computed from Applied Materials's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.