Applied Materials Management
Management criteria checks 3/4
Applied Materials' CEO is Gary Dickerson, appointed in Jun 2012, has a tenure of 12.75 years. total yearly compensation is $29.65M, comprised of 3.5% salary and 96.5% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth $629.59M. The average tenure of the management team and the board of directors is 5.1 years and 10.3 years respectively.
Key information
Gary Dickerson
Chief executive officer
US$29.6m
Total compensation
| CEO salary percentage | 3.47% |
| CEO tenure | 14yrs |
| CEO ownership | 0.2% |
| Management average tenure | 5.1yrs |
| Board average tenure | 10.3yrs |
Recent management updates
Recent updates
Narrative Update • May 18
AMAT: AI Systems And Packaging Demand Will Support Multi Year Upside
Analysts lifted the Applied Materials fair value estimate to $575 from $500, citing a wave of higher price targets across the Street that reflects stronger revenue and margin assumptions tied to AI-driven systems demand and extended multi-year visibility. Analyst Commentary Bullish analysts are clustering around higher valuation ranges for Applied Materials, with a series of price target lifts into the US$500 to US$575 band following recent earnings.Analysis Article • May 17
Applied Materials, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
As you might know, Applied Materials, Inc. ( NASDAQ:AMAT ) just kicked off its latest quarterly results with some very...Seeking Alpha • May 16
Applied Materials: AI Chip Equipment Boom Looks Priced For Perfection
Summary Applied Materials is benefiting from surging semiconductor demand, record revenue, and the highest gross margins in 25 years. AMAT forecasts over 30% top-line growth in 2026 in Semi Systems, with expanding margins and strong momentum. The company maintains a net cash position, prioritizing dividend increases and share buybacks over debt reduction or cash hoarding. Despite robust growth prospects, AMAT is considered fully priced at current levels in my opinion. Read the full article on Seeking Alpha
Narrative Update • Apr 27
AMAT: Future Packaging Demand And WFE Cycle Strength Will Shape Returns
Applied Materials' updated analyst price target has edged higher, with fair value moving from about $398.73 to $422.97 as analysts factor in slightly stronger revenue growth, a modestly higher profit margin outlook, and a richer future P/E assumption, partly supported by a broad wave of recent price target hikes and upgrades across the Street. Analyst Commentary Recent Street research around Applied Materials has been active, with a long list of price target increases and several rating upgrades clustered around recent results and guidance.Narrative Update • Apr 13
AMAT: AI Memory And Packaging Upswing Will Support Future Upside
The analyst price target for Applied Materials has been updated from $470 to $500, with analysts citing stronger long term assumptions for revenue growth, profit margins and P/E support, driven by broad based sector target increases across semiconductor equipment peers. Analyst Commentary Recent Street research around Applied Materials points to an increasingly constructive view on the stock, with many bullish analysts revising their models to reflect stronger assumptions for the wafer fab equipment cycle, particularly in DRAM and advanced packaging.Narrative Update • Mar 30
AMAT: WFE Upswing And AI Memory Deals Will Support Future Upside
Applied Materials' analyst price target has been revised upward by a broad group of firms into a higher $300s to low $400s range, with analysts pointing to stronger multi year wafer fab equipment growth forecasts, increasing AI and DRAM related spending expectations, and a more constructive view on secular WFE demand as key supports for the shift. Analyst Commentary Recent Street research on Applied Materials shows a cluster of higher price targets and rating upgrades, with bullish analysts pointing to wafer fab equipment spending expectations, AI and memory related demand, and a more supportive multi year industry view as key drivers.
New Narrative • Mar 29
AMAT: The "Master Architect" of the $1 Trillion Silicon Era
Applied Materials, Inc. (AMAT) is currently positioned as the indispensable "pick-and-shovel" provider for the global artificial intelligence explosion.Narrative Update • Mar 16
AMAT: Wafer Equipment Upswing And AI Memory Partnerships Will Support Future Upside
Analysts have raised their average price targets on Applied Materials into a higher $400 plus range, citing stronger wafer fab equipment spending forecasts for 2026 and 2027, along with broad-based target hikes across major firms as key supports for the update. Analyst Commentary Recent Street research on Applied Materials highlights a clear tilt toward more constructive views, with a mix of higher price targets, fresh coverage and several upgrades into more positive rating buckets.Narrative Update • Mar 02
AMAT: Wafer Equipment Upswing And Services Mix Will Support Future Upside
Our fair value estimate for Applied Materials has been raised from $420.71 to $470.00 as analysts lift long term wafer fab equipment growth expectations and highlight the stock as a top pick in semiconductor production equipment. Analyst Commentary Recent Street research around Applied Materials has been heavily skewed toward positive revisions, with a broad group of bullish analysts lifting price targets and, in several cases, upgrading their ratings.Narrative Update • Feb 16
AMAT: Future WFE Cycle Strength Will Drive Returns Higher
Analysts have lifted their implied fair value for Applied Materials from about $248 to roughly $399, citing higher assumed revenue growth, stronger profit margins, and a richer future P/E multiple. They link this to a broad wave of price target hikes and upgrades across recent Street research.
Narrative Update • Feb 02
AMAT: Future Multiple Compression Will Likely Follow Aggressive Wafer Equipment Spending Cycle
Our analyst fair value estimate for Applied Materials has moved up by $10 to $190 per share, reflecting updated assumptions on revenue growth, profitability, and long-term P/E, in line with the series of recent price target hikes and upgrades from Street analysts. Analyst Commentary Recent Street research on Applied Materials has been dominated by higher price targets, fresh initiations with constructive views, and several upgrades.Narrative Update • Jan 19
AMAT: Rising Wafer Equipment Demand And Services Mix Will Drive Upside
Analysts have lifted their fair value estimate for Applied Materials from about $247 to around $421. This reflects higher assumed revenue growth, stronger profit margins, and a richer future P/E multiple in light of a broad wave of recent price target hikes and upgrades across the Street.Narrative Update • Jan 04
AMAT: Future Multiple Compression Will Likely Pressure Elevated Share Price
Our fair value estimate for Applied Materials has been raised to $180 from $160.41 as analysts lift price targets into the mid to high $200s, citing above-consensus execution, resilient foundry and memory demand, de-risked China exposure, and strengthening recurring services growth. Analyst Commentary Street research has turned more constructive on Applied Materials, with multiple firms lifting price targets into the $250 to $270 range following solid quarterly execution, above-consensus guidance, and stronger visibility into 2026 wafer fab equipment demand.Analysis Article • Jan 03
Investor Optimism Abounds Applied Materials, Inc. (NASDAQ:AMAT) But Growth Is Lacking
With a price-to-earnings (or "P/E") ratio of 30.5x Applied Materials, Inc. ( NASDAQ:AMAT ) may be sending very bearish...Narrative Update • Dec 14
AMAT: Future WFE Cycle And China Policy Risks Will Shape Returns
We raise our fair value estimate for Applied Materials to $248.44 from $241.69, reflecting analysts' increased price targets in the mid $200s on stronger than expected execution, slightly higher long term revenue growth and margins, and confidence that China related risks are moderating while wafer fab equipment and services demand in foundry and memory remains robust. Analyst Commentary Street research has turned decisively more constructive on Applied Materials, with multiple firms lifting price targets into the mid to high $200s following better than expected results and guidance.Narrative Update • Nov 28
AMAT: Future Demand Strength And Industry Competition Will Shape Stock Performance
Applied Materials’ analyst price target has increased from $222.94 to $241.69. Analysts cite stronger-than-expected recent results, improved revenue growth forecasts, and solid ongoing demand in core market segments as the main reasons for the upward revision.Analysis Article • Nov 16
US$238 - That's What Analysts Think Applied Materials, Inc. (NASDAQ:AMAT) Is Worth After These Results
As you might know, Applied Materials, Inc. ( NASDAQ:AMAT ) recently reported its annual numbers. The result was...Narrative Update • Nov 14
AMAT: Future Equipment Demand And Industry Shifts Will Drive Mixed Performance
The analyst price target for Applied Materials has increased from approximately $218 to $223 per share. Analysts cite above-consensus execution, persistent industry strength, and improved growth outlook as key reasons for the upward revision.Narrative Update • Oct 31
AMAT: Demand Momentum And China Uncertainty Will Shape Sector Outlook This Year
Applied Materials' analyst price target has increased modestly from $215 to $218, as analysts point to anticipated upside from wafer fab equipment demand and improving order visibility in the semiconductor capital equipment sector. Analyst Commentary Analysts have provided a broad range of perspectives on Applied Materials in recent research, reflecting both optimism around growth drivers and caution about near-term risks within the semiconductor capital equipment sector.Narrative Update • Oct 17
AI And Advanced Packaging Will Reshape Semiconductor Landscape
Applied Materials' fair value estimate has increased to $215 from $199, as analysts raise price targets. This is due to improving wafer fab equipment demand and greater order visibility in the semiconductor capital equipment industry.Narrative Update • Oct 03
AI And Advanced Packaging Will Reshape Semiconductor Landscape
Applied Materials' analyst price target has increased by approximately $4 to $199, as analysts cite stabilizing risk and reward dynamics and expectations for improving revenue growth, despite ongoing concerns about demand headwinds and China exposure. Analyst Commentary Recent research reflects a divided outlook on Applied Materials, with both supportive and cautious perspectives emerging from the Street.Analysis Article • Sep 28
Subdued Growth No Barrier To Applied Materials, Inc. (NASDAQ:AMAT) With Shares Advancing 27%
Applied Materials, Inc. ( NASDAQ:AMAT ) shares have had a really impressive month, gaining 27% after a shaky period...Narrative Update • Sep 04
AI And Advanced Packaging Will Reshape Semiconductor Landscape
Applied Materials’ consensus price target remains unchanged at $194.58, as analysts weigh near-term earnings headwinds from China-related volatility and export restrictions against long-term strength in AI-driven demand and wafer fab investments. Analyst Commentary Consensus among analysts is that Applied Materials’ near-term earnings outlook is weaker than expected due to volatility and digestion in China and reduced leading-edge foundry/logic spending, with guidance for the October quarter notably below consensus.Analysis Article • Jul 21
Calculating The Fair Value Of Applied Materials, Inc. (NASDAQ:AMAT)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Applied Materials fair value estimate is US$169 Applied...Analysis Article • Jul 05
Applied Materials (NASDAQ:AMAT) Could Easily Take On More Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Jun 23
Investors Shouldn't Overlook Applied Materials' (NASDAQ:AMAT) Impressive Returns On Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...Seeking Alpha • Apr 19
Applied Materials Vs. ASML: The Ideal Pick During This Cyclical Downturn
Summary This article pits two of the most important semiconductor FAB names against one another to determine which is the better value. Both AMAT and ASML are down -40+% from their all-time highs. Both have outstanding balance sheets, with the entire semi-FAB space as their TAM. It boils down to growth versus value in this comparison. Read the full article on Seeking AlphaNew Narrative • Mar 20
Applied Materials to Ride the AI Boom with a 7% Revenue Growth Outlook
Semiconductor Equipment Demand – As AI, cloud computing, and automotive chips grow, chipmakers (TSMC, Intel, Samsung) are increasing fab capacity, boosting demand for AMAT’s semiconductor equipment.Seeking Alpha • Mar 18
Applied Materials: Massive Share Buyback Is Positive
Summary I reiterate a 'Buy' rating for Applied Materials with a one-year target price of $196 per share, driven by its strong position in AI and energy-efficient computing markets. AMAT reported 6.8% revenue growth and 9.2% adjusted net income growth, with notable strength in its Semiconductor Systems segment. A new $10 billion share repurchase authorization, on top of $7.6 billion remaining, demonstrates management's confidence and is a positive catalyst for the stock. Despite China risks, Applied Materials is poised for 7% organic revenue growth and 20bps margin expansion, supported by its strategic investments and market positioning. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Apr 26 2026 | n/a | n/a | US$9b |
| Jan 25 2026 | n/a | n/a | US$8b |
| Oct 26 2025 | US$30m | US$1m | US$7b |
| Jul 27 2025 | n/a | n/a | US$7b |
| Apr 27 2025 | n/a | n/a | US$7b |
| Jan 26 2025 | n/a | n/a | US$6b |
| Oct 27 2024 | US$28m | US$1m | 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$3b |
Compensation vs Market: Gary's total compensation ($USD29.65M) is above average for companies of similar size in the US market ($USD14.74M).
Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.
CEO
Gary Dickerson (69 yo)
14yrs
Tenure
US$29,649,352
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 |
|---|---|---|---|---|
| President | 14yrs | US$29.65m | 0.18% $ 629.6m | |
| Senior VP | 4.3yrs | US$8.51m | 0.0067% $ 23.9m | |
| SVP, CTO | 15.4yrs | US$6.02m | 0.015% $ 55.1m | |
| President of Semiconductor Products Group | 8.6yrs | US$9.46m | 0.051% $ 183.1m | |
| Senior Vice President of Applied Global Services | 1.5yrs | US$6.39m | 0.0098% $ 35.2m | |
| VP, Corporate Controller & Chief Accounting Officer | 2.3yrs | no data | 0.000020% $ 71.4k | |
| Senior VP | 6yrs | US$9.68m | 0.0054% $ 19.3m | |
| Chief Public Affairs Officer and Corporate VP of Communications & Public Affairs | 14yrs | no data | no data | |
| Senior VP & Chief Human Resources Officer | 2.4yrs | no data | no data | |
| Corporate VP of Business Units & Operations CFO | 2.3yrs | no data | no data | |
| Chief Technology Officer of Process Diagnostics & Control - Silicon Systems Group | no data | no data | no data | |
| Managing Director of Software Engineering for Implant Business Unit - Semiconductor Products Group | no data | no data | no data |
5.1yrs
Average Tenure
61yo
Average Age
Experienced Management: AMAT's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12.8yrs | US$29.65m | 0.18% $ 629.6m | |
| SVP, CTO | 6.4yrs | US$6.02m | 0.015% $ 55.1m | |
| Independent Director | 10.6yrs | US$359.62k | 0.0020% $ 7.3m | |
| Independent Director | 18.9yrs | US$347.12k | 0.012% $ 41.9m | |
| Independent Director | 9.9yrs | US$402.48k | 0.0033% $ 11.9m | |
| Chairman Emeritus | 17.3yrs | US$454.23k | no data | |
| Independent Director | 8.4yrs | US$384.62k | 0.0030% $ 10.7m | |
| Independent Director | 3.7yrs | US$381.76k | 0.00075% $ 2.7m | |
| Independent Chairman of the Board | 20.8yrs | US$523.62k | 0.0064% $ 22.8m | |
| Member of the Growth Technical Advisory Board | 6.4yrs | no data | no data | |
| Independent Director | 17.8yrs | US$359.62k | 0.0020% $ 7.3m | |
| Co-Chair of the Growth Technical Advisory Board | 6.4yrs | no data | no data |
10.3yrs
Average Tenure
68.5yo
Average Age
Experienced Board: AMAT's board of directors are seasoned and experienced ( 10.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/01 17:09 |
| End of Day Share Price | 2026/05/29 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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
Analysis Model and Snowflake
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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 Github.
Analyst Sources
Applied Materials, Inc. is covered by 55 analysts. 35 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 |
|---|---|
| James Fontanelli | Arete Research Services LLP |
| Brett Simpson | Arete Research Services LLP |
| James Kelleher | Argus Research Company |