Analysis for AMAT

$430.01 -16.62 (-3.72%)

📈 Growth — 28/30
💰 Profitability — 18/20
🏦 Financial Health — 19/20
💵 Valuation — 12/20
⚠️ Risk — 8/10

Overall Score: 79/100

Summary:

📈 Growth & Financial Trajectory

Eight quarters from 2024 Q4 to 2026 Q3 show revenue rising from about $7.04B to about $9.12B, a roughly 29% gain. Net income grew from about $1.73B to about $2.54B, though 2025 Q1 dipped to around $1.19B before rebounding. Gross margin expanded from about 47% to about 50%, and operating margin advanced into the low 30s by 2026. The trajectory reflects sustained top-line growth and improving profitability.

💰 Margins & Cash Flow

Gross margin improved from roughly 47% to around 50%.
Operating margin rose to the low-to-mid 30s in the latest quarter.
Net cash flow from operating activities remained positive through the period, peaking around roughly $3.04B in 2026 Q3, while investing and financing cash flows were routinely negative, yielding a modest quarterly net cash flow.

🛡️ Balance Sheet & Liquidity

Assets near $43.5B in 2026 Q3 with Equity ~$25.6B and Liabilities ~$17.9B; Current assets ~$25.1B vs Current liabilities ~$10.36B; Current ratio ~2.4. Noncurrent liabilities around $7.54B; liquidity remains solid and balance sheet is asset-light with conservative leverage.

⚠️ Key Drivers & Risks

Drivers: AI/data-center equipment demand; ongoing semiconductor capex cycle.
Risks: cyclicality of semiconductor equipment, valuation sensitivity to earnings trajectory.