Applied Materials Management

Management criteria checks 2/4

Applied Materials' CEO is Gary Dickerson, appointed in Jun 2012, has a tenure of 12.5 years. total yearly compensation is $26.85M, comprised of 3.8% salary and 96.2% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth MX$3.74B. The average tenure of the management team and the board of directors is 4.5 years and 8.8 years respectively.

Key information

Gary Dickerson

Chief executive officer

US$26.9m

Total compensation

CEO salary percentage	3.8%
CEO tenure	12.5yrs
CEO ownership	0.1%
Management average tenure	4.5yrs
Board average tenure	8.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gary Dickerson's remuneration changed compared to Applied Materials's earnings?
Date	Total Compensation	Salary	Company Earnings
Oct 27 2024	n/a	n/a	US$7b
Jul 28 2024	n/a	n/a	US$7b
Apr 28 2024	n/a	n/a	US$7b
Jan 28 2024	n/a	n/a	US$7b
Oct 29 2023	n/a	n/a	US$7b
Jul 30 2023	n/a	n/a	US$6b
Apr 30 2023	n/a	n/a	US$6b
Jan 29 2023	n/a	n/a	US$6b
Oct 30 2022	n/a	n/a	US$7b
Jul 31 2022	n/a	n/a	US$7b
May 01 2022	n/a	n/a	US$7b
Jan 30 2022	n/a	n/a	US$7b
Oct 31 2021	US$35m	US$1m	US$6b
Aug 01 2021	n/a	n/a	US$5b
May 02 2021	n/a	n/a	US$4b
Jan 31 2021	n/a	n/a	US$4b
Oct 25 2020	US$17m	US$1m	US$4b
Jul 26 2020	n/a	n/a	US$3b
Apr 26 2020	n/a	n/a	US$3b
Jan 26 2020	n/a	n/a	US$3b
Oct 27 2019	US$14m	US$1m	US$3b
Jul 28 2019	n/a	n/a	US$3b
Apr 28 2019	n/a	n/a	US$3b
Jan 27 2019	n/a	n/a	US$4b
Oct 28 2018	US$14m	US$1m	US$3b

Compensation vs Market: Gary's total compensation ($USD26.85M) is above average for companies of similar size in the MX market ($USD5.73M).

Compensation vs Earnings: Gary's compensation has increased by more than 20% in the past year.

CEO

Gary Dickerson (67 yo)

12.5yrs

Tenure

US$26,854,544

Compensation

Mr. Gary E. Dickerson has been the Chief Executive Officer and President of Applied Materials, Inc. since September 1, 2013 and June 19, 2012 respectively. Mr. Dickerson is responsible for the day-to-day o...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gary Dickerson	President	12.5yrs	US$26.85m	0.13% MX$ 3.7b
Brice Hill	Senior VP	2.8yrs	US$7.58m	0.0020% MX$ 55.8m
Omkaram Nalamasu	Senior VP	13.9yrs	US$5.41m	0.017% MX$ 468.5m
Prabu Raja	President of Semiconductor Products Group	7.1yrs	US$8.49m	0.042% MX$ 1.1b
Timothy Deane	Group Vice President of Applied Global Services	2.3yrs	US$4.42m	0.0067% MX$ 186.5m
Adam Sanders	VP, Corporate Controller & Chief Accounting Officer	less than a year	no data	0.000060% MX$ 1.7m
Michael Sullivan	Vice President of Investor Relations	15.9yrs	no data	no data
Teri Little	Senior VP	4.5yrs	US$9.68m	0.0043% MX$ 118.0m
Joseph Pon	Chief Public Affairs Officer and Corporate VP of Communications & Public Affairs	12.5yrs	no data	no data
Joji Gill	Group VP & Chief Human Resources Officer	less than a year	no data	no data
Charles Read	Corporate VP of Business Units & Operations CFO	less than a year	no data	0.010% MX$ 279.6m
Ron Naftali	Chief Technology Officer of Process Diagnostics & Control - Silicon Systems Group	no data	no data	no data

4.5yrs

Average Tenure

59yo

Average Age

Experienced Management: AMAT *'s management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gary Dickerson	President	11.3yrs	US$26.85m	0.13% MX$ 3.7b
Omkaram Nalamasu	Senior VP	4.9yrs	US$5.41m	0.017% MX$ 468.5m
Xun Chen	Independent Director	9.1yrs	US$344.95k	0.0020% MX$ 54.7m
Aart de Geus	Independent Director	17.4yrs	US$332.45k	0.013% MX$ 367.7m
Judy Bruner	Independent Director	8.4yrs	US$398.45k	0.0039% MX$ 106.6m
James Morgan	Chairman Emeritus	15.8yrs	US$454.23k	no data
Stephen Forrest	Member of the Growth Technical Advisory Board	4.9yrs	US$220.97k	no data
Scott McGregor	Independent Director	6.9yrs	US$369.95k	0.0026% MX$ 71.8m
Thomas Iannotti	Independent Chairman of the Board	19.3yrs	US$508.95k	0.0059% MX$ 163.3m
Alexander Karsner	Independent Director	16.3yrs	US$344.95k	0.0016% MX$ 45.6m
Yvonne McGill	Independent Director	5.4yrs	US$357.45k	0.0017% MX$ 47.0m
L. Rafael Reif	Co-Chair of the Growth Technical Advisory Board	4.9yrs	no data	no data

8.8yrs

Average Tenure

67yo

Average Age

Experienced Board: AMAT *'s board of directors are considered experienced (8.8 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 21:12
End of Day Share Price	2024/12/24 00:00
Earnings	2024/10/27
Annual Earnings	2024/10/27

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Applied Materials, Inc. is covered by 60 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jagadish Iyer	Arete Research Services LLP
James Kelleher	Argus Research Company
Ishan Majumdar	Baptista Research

Applied Materials Management

Management criteria checks 2/4

Key information

Recent management updates

Applied Materials, Inc. Announces Management Changes

President recently sold Mex$1.8b worth of stock

Senior VP recently sold Mex$10m worth of stock

Key Executive recently sold Mex$74m worth of stock

Applied Materials, Inc. Announces Executive Changes, Effective March 4, 2024

Applied Materials, Inc., Annual General Meeting, Mar 07, 2024

Recent updates

Fourth quarter dividend of US$0.40 announced

Applied Materials, Inc. Approves Quarterly Cash Dividend, Payable on March 13, 2025

Applied Materials, Inc. Introduces the MAX OLED Solution

Applied Materials, Inc. Announces New Collaboration Model for Advanced Packaging At Summit on Energy-Efficient Computing

Full year 2024 earnings released: EPS: US$8.68 (vs US$8.16 in FY 2023)

Applied Materials, Inc. Provides Earnings Guidance for the First Quarter of Fiscal 2025

Upcoming dividend of US$0.40 per share

Now 23% overvalued

Now 20% overvalued

Third quarter dividend of US$0.40 announced

Applied Materials, Inc. Approves Quarterly Cash Dividend, Payable on Dec. 12, 2024

Applied Materials, Inc. Announces Management Changes

Third quarter 2024 earnings released: EPS: US$2.06 (vs US$1.86 in 3Q 2023)

Applied Materials, Inc. Provides Revenue Guidance for Fourth Quarter of Fiscal 2024

Upcoming dividend of US$0.40 per share

Now 28% overvalued after recent price rise

Applied Materials, Inc. Unveils Chip Wiring Innovations for More Energy-Efficient Computing

President recently sold Mex$1.8b worth of stock

Dividend of US$0.40 announced

Applied Materials, Inc. Approves Quarterly Cash Dividend, Payable on September 12, 2024

Senior VP recently sold Mex$10m worth of stock

Key Executive recently sold Mex$74m worth of stock

Second quarter 2024 earnings released: EPS: US$2.08 (vs US$1.87 in 2Q 2023)

Applied Materials, Inc. Provides Earnings Guidance for the Third Quarter of Fiscal 2024

Upcoming dividend of US$0.40 per share

Dividend of US$0.40 announced

Applied Materials Announces Cash Dividend, Payable on June 13, 2024

Applied Materials, Inc. Announces Executive Changes, Effective March 4, 2024

First quarter 2024 earnings released: EPS: US$2.43 (vs US$2.03 in 1Q 2023)

Applied Materials, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2024

Upcoming dividend of US$0.32 per share at 0.7% yield

Applied Materials, Inc., Annual General Meeting, Mar 07, 2024

Investor sentiment improves as stock rises 15%

Senior VP recently sold Mex$64m worth of stock

Applied Materials, Inc. Announces Principal Accounting Officer Changes

Full year 2023 earnings released: EPS: US$8.16 (vs US$7.49 in FY 2022)

Applied Materials, Inc. Provides Sales Guidance for the First Quarter of Fiscal 2024

Upcoming dividend of US$0.32 per share at 0.8% yield

Applied Materials, Inc. Announces Quarterly Cash Dividend, Payable on December 14, 2023

Senior VP recently sold Mex$2.5m worth of stock

Third quarter 2023 earnings released: EPS: US$1.86 (vs US$1.86 in 3Q 2022)

Applied Materials, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2023

Upcoming dividend of US$0.32 per share at 0.9% yield

Senior VP recently sold Mex$24m worth of stock

Applied Materials, Inc dvances Heterogeneous Chip Integration with New Technologies for Hybrid Bonding and Through-Silicon Vias

Insider recently sold Mex$18m worth of stock

Second quarter 2023 earnings released: EPS: US$1.87 (vs US$1.75 in 2Q 2022)

Applied Materials, Inc. Provides Revenue Guidance for the Third Quarter of Fiscal 2023

Upcoming dividend of US$0.32 per share at 1.1% yield

Insufficient new directors

Senior VP recently sold Mex$69m worth of stock

First quarter 2023 earnings released: EPS: US$2.03 (vs US$2.02 in 1Q 2022)

Applied Materials, Inc. Provides Sales Guidance for the Second Quarter of Fiscal 2023

Upcoming dividend of US$0.26 per share at 0.9% yield

Insufficient new directors

Independent Director recently sold Mex$769k worth of stock

Independent Director recently sold Mex$769k worth of stock

Applied Materials, Inc., Annual General Meeting, Mar 09, 2023

Full year 2022 earnings released: EPS: US$7.49 (vs US$6.47 in FY 2021)

Applied Materials, Inc. Announces Quarterly Cash Dividend, Payable on March 16, 2023

Full year 2022 earnings released: EPS: US$7.49 (vs US$6.47 in FY 2021)

Applied Materials, Inc. Provides Earnings Guidance for the First Quarter of Fiscal 2023

Upcoming dividend of US$0.26 per share

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Applied Materials Appoints Kevin March to Board of Directors

Applied Materials, Inc. Announces Retirement of Ali Salehpour, Senior Vice President, Services, Display and Flexible Technology

Insider recently sold Mex$53k worth of stock

Applied Materials, Inc. Announces Quarterly Cash Dividend, Payable on December 15, 2022