Applied Materials, Inc. (AMAT)财务
NASDAQ · Technology · Semiconductors · 员工36,500人 · CEO Gary E. Dickerson
- 股价
- $390.09 -7.49%
- 市值
- $3100亿
- 企业价值
- $3100亿
- 最近财报
- Q3 '26 2026-08-20提交
- 下次财报
- 2026-11-12 EPS预期 $4.06
营收(TTM)$308亿+7.8% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)30.5%+0.4 百分点 对比去年同期营业利润 $94.1亿
净利润(TTM)$92.7亿+35.6% 对比去年同期税后,含营业外收益
自由现金流(TTM)$56.2亿-3.4% 对比去年同期资本支出 $27.7亿
稀释EPS(TTM)$11.60+38.4% 对比去年同期最近4个季度之和
净现金$18.9亿+651.8% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $3100亿 EV $3100亿
- 营收
- $308亿 过去12个月
- 营收增速
- +21% FY2026年一致预期
- 净利润率
- 30.1% 净利润 / 营收,TTM
- P/E
- 33.4× 预期 30.4×(FY2026)
- P/S
- 10.0× 股价 / 营收,TTM
- EV / EBITDA
- 26.9× TTM
- 自由现金流
- $56.2亿 过去12个月
- 净利润
- $92.7亿 过去12个月
- 营收预期
- $343亿 FY2026年一致预期
- 盈利
- 2026-11-12 营收预期 $103亿
- 股息
- $1.98 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-13):营收超预期1.3%,EPS 超预期2.9%营收$91.2亿,预期$89.9亿(+1.3%);EPS $3.50,预期$3.40(+2.9%)。
- 营收增长加速:同比24.8%Q3 '26营收$91.2亿,此前四个季度的平均值为3.4%。
- 营业利润率30.5%(TTM),较去年同期+0.4 百分点营收增长7.8%,营业利润增长9.1%。
- 税前利润的12.3%来自营业外收益税前利润$107亿,营业利润$94.1亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的9.0%(去年为6.6%)最近4个季度投入$27.7亿(同比+47.3%)。自由现金流$56.2亿,相当于净利润的60.7%。
- 股东回报$35.4亿 = 自由现金流的63.0%回购$20.3亿(去年为$54.9亿),股息$15.2亿,股权激励$6.86亿(TTM)。
- 稀释股数一年内减少1.4%Q3 '26稀释股数8亿,一年前为8.11亿。
- 净现金 $18.9亿现金 + 短期投资 $92.3亿,含租赁债务 $73.5亿;一年前净现金 $2.51亿。
上一季度:Q3 '26
截至2026-07-26的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $91.2亿 | $73亿 | +24.8% |
| 毛利率 | 50.3% | 48.8% | +1.5 百分点 |
| 营业利润 | $30.8亿 | $22.3亿 | +37.7% |
| 营业利润率 | 33.7% | 30.6% | +3.2 百分点 |
| 净利润 | $25.4亿 | $17.8亿 | +42.7% |
| 稀释EPS | $3.17 | $2.21 | +43.4% |
| 经营现金流 | $30.4亿 | $26.3亿 | +15.3% |
| 资本支出 | $7.07亿 | $5.84亿 | +21.1% |
| 自由现金流 | $23.3亿 | $20.5亿 | +13.7% |
| R&D | $11亿 | $9.01亿 | +22.1% |
| 股权激励费用 | $1.69亿 | $1.58亿 | +7.0% |
实际 vs 一致预期
2026-08-13| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $91.2亿 | $89.9亿 | +1.3% |
| EPS(一致预期口径) | $3.50 | $3.40 | +2.9% |
来自2026-08-13发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Semiconductor Systems | $70.4亿 | +29.7% | 77.2% | $229亿 | +8.0% | |
| Applied Global Services | $17.8亿 | +11.3% | 19.5% | $66.3亿 | +3.6% | |
| Corporate And Reconciling Items | $2.94亿 | +2,350.0% | 3.2% | $20.1亿 | – |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| CHINA | $25.1亿 | -1.6% | 27.5% | $86.5亿 | -0.6% | |
| Taiwan, Province Of China | $20.3亿 | +9.9% | 22.2% | $77.4亿 | +22.7% | |
| Korea, Republic Of | $15.2亿 | +31.1% | 16.7% | $57.7亿 | +3.8% | |
| United States | $13.7亿 | +100.1% | 15.0% | $36.2亿 | +1.6% | |
| JAPAN | $8.39亿 | +17.7% | 9.2% | $24.4亿 | +1.2% | |
| Europe | $4.83亿 | +201.9% | 5.3% | $12.7亿 | +10.8% | |
| Southeast Asia | $3.74亿 | +91.8% | 4.1% | $13.5亿 | +45.6% |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Semiconductor Systems | – | – | – | – | – | – | – |
| Applied Global Services | – | – | – | – | – | – | – |
| Displayand Adjacent Markets | – | – | – | – | – | – | – |
| Corporate And Reconciling Items | – | – | -$1.18亿 | -2,850.0% | – | – | -$10.7亿 |
| Semiconductor Systems Segment | – | – | $26.6亿 | +44.6% | – | – | $80.8亿 |
| Applied Global Services Segment | – | – | $5.36亿 | +34.0% | – | – | $21.4亿 |
| Display Segment | – | – | – | – | – | – | – |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $84亿
- 资本支出
- -$27.7亿
- 股票回购
- -$20.3亿
- 股息
- -$15.2亿
- 收购
- -$2.62亿
- 债务净发行
- $2.9亿
- 股权激励费用
- $6.86亿
- 自由现金流
- $56.2亿
- 股东回报 / FCF
- 63.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 33.4× | 19.5× | 11.8× – 26.6× |
| EV / EBITDA | 26.9× | 15.2× | 9.8× – 18.6× |
| EV / 营收 | 10.0× | 5.0× | 3.1× – 6.5× |
| 股价 / FCF | 55.1× | 22.2× | 14.5× – 32.6× |
| 股价 / 净资产 | 12.1× | 8.1× | 6.3× – 10.4× |
| FCF收益率 | 1.8% | 4.9% | 3.1% – 6.9% |
| 投入资本回报率 | 23.5% | 28.3% | 22.0% – 34.4% |
| 净资产收益率 | 40.4% | 43.1% | 34.3% – 53.5% |
分析师
一致目标价 $659.83 (+69.1%)
区间 $530.00 – $900.00 · 评级 Buy
强烈买入1
买入42
持有12
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $343亿 | +21.0% | $12.82 | +48.0% | 30.4× | 22 |
| FY2027 | $469亿 | +36.5% | $18.77 | +46.4% | 20.8× | 24 |
| FY2028 | $571亿 | +21.8% | $24.59 | +31.0% | 15.9× | 16 |
| FY2029 | $628亿 | +9.9% | $26.76 | +8.8% | 14.6× | 7 |
| FY2030 | $804亿 | +28.1% | $36.10 | +34.9% | 10.8× | 7 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Applied Materials, Inc.在近期10-Q / 10-K文件中标记的全部222项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable and Accrued Liabilities, Current | $57.9亿 | $46.1亿 | +25.4% | $53.3亿 | $48.2亿 | +10.6% |
| Accounts Payable, Current | $23.9亿 | $17.7亿 | +34.9% | $19.8亿 | $15.7亿 | +26.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $76.9亿 | $57.7亿 | +33.2% | $51.9亿 | $52.3亿 | -0.9% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $0 | $0 | – | $0 | $0 | – |
| Accrued Income Taxes, Current | $3.17亿 | $1.57亿 | +101.9% | $3.8亿 | $5.35亿 | -29.0% |
| Accrued Income Taxes, Noncurrent | $8.8亿 | $3.3亿 | +166.7% | $3.56亿 | $6.7亿 | -46.9% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $41.9亿 | $39.9亿 | +5.0% | $39亿 | $37.7亿 | +3.5% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$1.65亿 | -$1.02亿 | -61.8% | -$1.1亿 | -$1.68亿 | +34.5% |
| Additional Paid in Capital, Common Stock | $106亿 | $101亿 | +4.8% | $103亿 | $96.6亿 | +7.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 | – | 0 | 0 | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1.69亿 | $1.58亿 | +7.0% | $6.6亿 | $5.77亿 | +14.4% |
| Assets | $435亿 | $342亿 | +27.2% | $363亿 | $344亿 | +5.5% |
| Assets, Current | $251亿 | $197亿 | +27.3% | $209亿 | $212亿 | -1.6% |
| Cash | $17.6亿 | $14.4亿 | +22.7% | $14.2亿 | $13.1亿 | +8.1% |
| Cash and Cash Equivalents, at Carrying Value | $70.4亿 | $53.8亿 | +30.7% | $72.4亿 | $80.2亿 | -9.7% |
| Cash Equivalents, at Carrying Value | $52.7亿 | $39.5亿 | +33.6% | $58.2亿 | $67.1亿 | -13.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $70.9亿 | $54.5亿 | +30.1% | $73.1亿 | $81.1亿 | -9.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $7.35亿 | -$7.9亿 | +193.0% | -$8.01亿 | $18.8亿 | -142.6% |
| Common Stock, Dividends, Per Share, Declared | $0.53 | $0.46 | +15.2% | $1.78 | $1.52 | +17.1% |
| Common Stock, Par or Stated Value Per Share | $0.012025-10-26 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 25亿2025-10-26 | 25亿 | 0.0% | 25亿 | 25亿 | 0.0% |
| Common Stock, Shares, Issued | 7.93亿2025-10-26 | 8.18亿 | -3.1% | 7.93亿 | 8.18亿 | -3.1% |
| Common Stock, Shares, Outstanding | 7.93亿2025-10-26 | 8.18亿 | -3.1% | 7.93亿 | 8.18亿 | -3.1% |
| Common Stock, Value, Outstanding | $800万 | $800万 | 0.0% | $800万 | $800万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $25亿 | $18.2亿 | +37.1% | $70.6亿 | $72.3亿 | -2.4% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $2.27亿 | $3.06亿 | -25.8% | $2.81亿 | $2.69亿 | +4.5% |
| Contract with Customer, Asset, Credit Loss Expense (Reversal) | $0 | $0 | – | $0 | $0 | – |
| Contract with Customer, Liability | $32.7亿 | $24.7亿 | +32.4% | $25.7亿 | $28.5亿 | -9.9% |
| Contract with Customer, Liability, Current | $32.7亿 | $24.7亿 | +32.4% | $25.7亿 | $28.5亿 | -9.9% |
| Contract with Customer, Liability, Revenue Recognized | $3亿 | $3亿 | 0.0% | $24亿 | $27亿 | -11.1% |
| Cost of Goods and Services Sold | $45.3亿 | $37.4亿 | +21.1% | $146亿 | $143亿 | +2.0% |
| Current Federal Tax Expense (Benefit) | – | – | – | $6.75亿 | $12.5亿 | -46.2% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $4.11亿 | $3.66亿 | +12.3% |
| Current Income Tax Expense (Benefit) | – | – | – | $11.2亿 | $16.5亿 | -32.2% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $3400万 | $3300万 | +3.0% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $500万2026-01-25 | $300万 | +66.7% | $700万2022-10-30 | $200万 | +250.0% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $23.1亿 | $13.2亿 | +75.4% | $12.7亿 | $11.6亿 | +9.5% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $21.8亿 | $15.7亿 | +39.3% | $12.8亿 | $14.1亿 | -9.3% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $500万2026-01-25 | $300万 | +66.7% | $700万2022-10-30 | $200万 | +250.0% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $23亿 | $13.2亿 | +73.4% | $12.9亿 | $11.7亿 | +10.5% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $21.8亿 | $15.6亿 | +39.3% | $12.8亿 | $14亿 | -9.1% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $3.82亿 | -$6.97亿 | +154.8% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $7.88亿 | $3000万 | +2,526.7% |
| Deferred Income Tax Assets, Net | $11.1亿 | $12.9亿 | -14.2% | $12.3亿 | $23.9亿 | -48.5% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $11.5亿 | -$6.78亿 | +270.1% |
| Deferred Income Taxes and Other Assets, Noncurrent | $33.7亿 | $22.5亿 | +49.6% | $25.5亿 | $30.8亿 | -17.3% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$1700万 | -$1100万 | -54.5% |
| Deferred Tax Assets, Deferred Income | $6100万2025-10-26 | $7200万 | -15.3% | $6100万 | $7200万 | -15.3% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $2.25亿2025-10-26 | $9.77亿 | -77.0% | $2.25亿 | $9.77亿 | -77.0% |
| Deferred Tax Assets, Gross | $25.3亿2025-10-26 | $30.5亿 | -17.1% | $25.3亿 | $30.5亿 | -17.1% |
| Deferred Tax Assets, Inventory | $1.45亿2025-10-26 | $1.27亿 | +14.2% | $1.45亿 | $1.27亿 | +14.2% |
| Deferred Tax Assets, Net | $12.2亿2025-10-26 | $23.8亿 | -49.0% | $12.2亿 | $23.8亿 | -49.0% |
| Deferred Tax Assets, Net of Valuation Allowance | $14.8亿2025-10-26 | $24.8亿 | -40.3% | $14.8亿 | $24.8亿 | -40.3% |
| Deferred Tax Assets, Other | $5000万2025-10-26 | $7900万 | -36.7% | $5000万 | $7900万 | -36.7% |
| Deferred Tax Assets, Property, Plant and Equipment | $1.92亿2025-10-26 | $1.01亿 | +90.1% | $1.92亿 | $1.01亿 | +90.1% |
| Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax | $4.07亿2025-10-26 | $4.1亿 | -0.7% | $4.07亿 | $4.1亿 | -0.7% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Other | $2.65亿2025-10-26 | $2.61亿 | +1.5% | $2.65亿 | $2.61亿 | +1.5% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $3400万2025-10-26 | $4400万 | -22.7% | $3400万 | $4400万 | -22.7% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | $2900万2025-10-26 | $2400万 | +20.8% | $2900万 | $2400万 | +20.8% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Allowance for Doubtful Accounts | $300万2025-10-26 | $400万 | -25.0% | $300万 | $400万 | -25.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-07-26, 10-Q 2026-04-26, 10-Q 2026-01-25, 10-K 2025-10-26, 10-Q 2025-07-27, 10-Q 2025-04-27, 10-Q 2025-01-26, 10-K 2024-10-27, 10-Q 2024-07-28
数据截至 2026-11-01