APPLIED MATERIALS INC /DE
In the published model solve dated 2026-Q2, anchored at $462.43, APPLIED MATERIALS INC /DE (AMAT) is priced for today's economics sustained for ~13.0 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Applied sells the widest set of chipmaking process tools of anyone, and the part of the business that services the installed base has quietly grown into half the order book: backlog at the October 2025 year end was $15,002 million, of which Applied Global Services held $7,141 million against Semiconductor Systems at $7,105 million. • The price is the risk: at roughly 49 times trailing operating profit, it needs today's economics to hold for about 14.6 years, and among comparable fast growers o
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2,864 institutional managers reported holding AMAT in 13F filings for the quarter ended 2026-03-31. Together they hold about 78% of the company; the top 10 hold 37%. 396 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 21.9M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (2.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AMAT has cut its share count 12.6% over the past five years, spending $20.79B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 8 years straight; the current rate is $1.78 a share annually. Cash returned over the past three years: $3.84B in dividends and $10.63B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at AMAT over the trailing three years: 2025: 2 buys totaling $6.87M. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AMAT's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-27 | +1.1% | +11.7% |
| 2023-08-25 | +3.1% | -9.0% |
| 2023-12-16 | +2.9% | +23.2% |
| 2024-02-28 | +7.2% | -1.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AMAT's latest 8-K filings: 2026-08-27 (items 5.02, 7.01, 9.01); 2026-08-13 (items 2.02, 9.01); 2026-05-14 (items 2.02, 9.01); 2026-03-13 (items 5.07); 2026-02-12 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.