Applied Materials is forecast to grow earnings and revenue by 21.4% and 18.3% per annum respectively. EPS is expected to grow by 22.2% per annum. Return on equity is forecast to be 47% in 3 years.
Key information
21.4%
Earnings growth rate
22.20%
EPS growth rate
Semiconductor earnings growth
30.4%
Revenue growth rate
18.3%
Future return on equity
47.02%
Analyst coverage
Good
Last updated
06 Aug 2026
Recent future growth updates
No updates
Recent updates
Earnings and Revenue Growth Forecasts
SET:AMAT23 - Analysts future estimates and past financials data (USD Millions)
Date
Revenue
Earnings
Free Cash Flow
Cash from Op
Avg. No. Analysts
10/31/2028
51,905
16,974
12,197
14,397
20
10/31/2027
43,303
13,683
9,819
12,350
33
10/31/2026
33,513
10,413
5,800
8,027
34
4/26/2026
29,024
8,508
5,343
7,993
N/A
1/25/2026
28,214
7,839
6,194
8,719
N/A
10/26/2025
28,368
6,998
5,698
7,958
N/A
7/27/2025
28,613
6,832
5,823
7,705
N/A
4/27/2025
28,089
6,758
5,861
7,456
N/A
1/26/2025
27,635
6,343
5,935
7,277
N/A
10/27/2024
27,176
7,177
7,487
8,677
N/A
7/28/2024
26,854
7,450
6,565
7,657
N/A
4/28/2024
26,501
7,305
6,805
7,855
N/A
1/28/2024
26,485
7,158
7,707
8,755
N/A
10/29/2023
26,517
6,856
7,594
8,700
N/A
7/30/2023
26,543
6,443
6,982
8,002
N/A
4/30/2023
26,638
6,489
5,913
6,888
N/A
1/29/2023
26,253
6,450
4,081
5,011
N/A
10/30/2022
25,785
6,525
4,612
5,399
N/A
7/31/2022
25,159
6,646
4,920
5,690
N/A
5/1/2022
24,835
6,756
5,210
5,907
N/A
1/30/2022
24,172
6,550
5,988
6,679
N/A
10/31/2021
23,063
5,888
4,774
5,442
N/A
8/1/2021
21,628
5,307
4,985
5,609
N/A
5/2/2021
19,827
4,432
4,216
4,790
N/A
1/31/2021
18,202
3,857
3,797
4,238
N/A
10/25/2020
17,202
3,619
3,382
3,804
N/A
7/26/2020
16,268
3,186
2,958
3,315
N/A
4/26/2020
15,435
2,916
2,872
3,235
N/A
1/26/2020
15,017
2,827
N/A
3,400
N/A
10/27/2019
14,608
2,706
N/A
3,247
N/A
7/28/2019
14,613
2,765
N/A
3,498
N/A
4/28/2019
15,213
3,210
N/A
3,344
N/A
1/27/2019
16,253
3,644
N/A
3,155
N/A
10/28/2018
16,705
3,038
N/A
3,787
N/A
7/29/2018
16,915
3,263
N/A
3,419
N/A
4/29/2018
16,497
3,172
N/A
4,163
N/A
1/28/2018
15,464
2,896
N/A
4,463
N/A
10/29/2017
14,698
3,519
N/A
3,789
N/A
7/30/2017
13,865
3,062
N/A
3,877
N/A
4/30/2017
12,942
2,642
N/A
3,481
N/A
1/29/2017
11,846
2,138
N/A
3,051
N/A
10/30/2016
10,825
1,721
N/A
2,566
N/A
7/31/2016
9,896
1,447
N/A
2,140
N/A
5/1/2016
9,565
1,271
N/A
1,493
N/A
1/31/2016
9,557
1,315
N/A
1,310
N/A
10/25/2015
9,659
1,377
N/A
1,163
N/A
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AMAT23's forecast earnings growth (21.4% per year) is above the savings rate (2.3%).
Earnings vs Market: AMAT23's earnings (21.4% per year) are forecast to grow faster than the TH market (11.2% per year).
High Growth Earnings: AMAT23's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AMAT23's revenue (18.3% per year) is forecast to grow faster than the TH market (8.3% per year).
High Growth Revenue: AMAT23's revenue (18.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AMAT23's Return on Equity is forecast to be very high in 3 years time (47%).
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/08/09 05:43
End of Day Share Price
2026/08/07 00:00
Earnings
2026/04/26
Annual Earnings
2025/10/26
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.
* 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.
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Industry and Sector Metrics
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Analyst Sources
Applied Materials, Inc. is covered by 51 analysts. 34 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.