Monday, 9 November 2026
Silicon Analytica
Every AI story is a chip story.
Compare

ASML vs Applied Materials: revenue, margins and valuation

ASML and Applied Materials share the equipment model: each supplies production or test equipment and services; customer investment and installed-base demand drive revenue. Latest reported quarterly revenue: ASML €11.7B (≈US$13.1B) in Q3 2026; Applied Materials US$9.1B in Q3 FY2026.

  • ASMLASML
  • Applied MaterialsAMAT

You can add 1 more.

ASML · EQ EquipmentNext report: 27 Jan 2027
AMAT · EQ EquipmentNext report: 12 Nov 2026

Valuation

Market cap

ASML. Leader.
Applied Materials.

Trailing P/Elower is betterPeriods differ

ASML.
Applied Materials.

P/Slower is betterPeriods differ

ASML.
Applied Materials.

Growth

Revenue growth

ASML. Leader.
Applied Materials.

Peer median (20 companies): 46.5% · 18 with data

Profitability

Gross margin

ASML. Leader.
Applied Materials.

Peer median (20 companies): 61.9% · 19 with data

Operating margin

ASML. Leader.
Applied Materials.

Peer median (20 companies): 36.8%

Net margin

ASML. Leader.
Applied Materials.

Peer median (20 companies): 30.7%

Diluted EPS

ASML.
Applied Materials.

R&D % of revenue

ASML.
Applied Materials.

Peer median (20 companies): 9.9% · 18 with data

Scale

Revenue

ASML. Leader.
Applied Materials.

Operating income

ASML. Leader.
Applied Materials.

Net income

ASML. Leader.
Applied Materials.

R&D

ASML.
Applied Materials.

Capex

ASML.
Applied Materials.

Free cash flow

ASML. Leader.
Applied Materials.

Net cash / net debt

ASML.
Applied Materials.

EmployeesPeriods differ

ASML.
Applied Materials.

Shares outstandingPeriods differ

ASML.
Applied Materials.
MetricASMLApplied MaterialsPeer median(20 companies)
Valuation
Market capLeader.
Trailing P/Elower is betterPeriods differ
P/Slower is betterPeriods differ
Growth
Revenue growthLeader. 46.5%18 with data
Profitability
Gross marginLeader. 61.9%19 with data
Operating marginLeader. 36.8%
Net marginLeader. 30.7%
Diluted EPS
R&D % of revenue9.9%18 with data
Scale
RevenueLeader.
Operating incomeLeader.
Net incomeLeader.
R&D
Capex
Free cash flowLeader.
Net cash / net debt
EmployeesPeriods differ
Shares outstandingPeriods differ

Valuation

Trailing P/EMultiple (x), trailing twelve months; period under each companyApplied Materials: 43.8x · TTM · to 26 Jul 2026 (Calculated)Applied Materials43.8xTTM · to 26 Jul 2026Source: company filings, trailing twelve months · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/asml-vs-applied-materials
  • Calculated Price ÷ last four reported quarters of diluted EPS. Loss-making companies show N/M.
View sources (1)

Not shown: ASML: period end not recorded.

P/SMultiple (x), trailing twelve months; period under each companyApplied Materials: 13.1x · TTM · to 26 Jul 2026 (Calculated)Applied Materials13.1xTTM · to 26 Jul 2026Source: company filings, trailing twelve months · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/asml-vs-applied-materials
  • Calculated Market cap ÷ trailing-twelve-month revenue.
View sources (1)

Not shown: ASML: period end not recorded.

Growth

Revenue growthPercent, latest quarter; period under each companyASML: 55.2% · Q3 2026 · to 27 Sep 2026 (Calculated)ASML55.2%Q3 2026 · to 27 Sep 2…Applied Materials: 24.8% · Q3 FY2026 · to 26 Jul 2026 (Calculated)Applied Materials24.8%Q3 FY2026 · to 26 Jul…Peer median (20 companies) 46.5%Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/asml-vs-applied-materials
  • Calculated Change versus the same period a year earlier.
View sources (2)

Profitability

Gross marginPercent, latest quarter; period under each companyASML: 57.5% · Q3 2026 · to 27 Sep 2026 (Reported)ASML57.5%Q3 2026 · to 27 Sep 2…Applied Materials: 50.3% · Q3 FY2026 · to 26 Jul 2026 (Calculated)Applied Materials50.3%Q3 FY2026 · to 26 Jul…Peer median (20 companies) 61.9%Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/asml-vs-applied-materials
  • Calculated Gross profit ÷ revenue, GAAP/IFRS unless labelled otherwise.
View sources (2)
Operating marginPercent, latest quarter; period under each companyASML: 44.4% · Q3 2026 · to 27 Sep 2026 (Calculated)ASML44.4%Q3 2026 · to 27 Sep 2…Applied Materials: 33.7% · Q3 FY2026 · to 26 Jul 2026 (Calculated)Applied Materials33.7%Q3 FY2026 · to 26 Jul…Peer median (20 companies) 36.8%Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/asml-vs-applied-materials
  • Calculated Operating income ÷ revenue, GAAP/IFRS unless labelled otherwise.
View sources (2)
Net marginPercent, latest quarter; period under each companyASML: 42.5% · Q3 2026 · to 27 Sep 2026 (Calculated)ASML42.5%Q3 2026 · to 27 Sep 2…Applied Materials: 27.8% · Q3 FY2026 · to 26 Jul 2026 (Calculated)Applied Materials27.8%Q3 FY2026 · to 26 Jul…Peer median (20 companies) 30.7%Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/asml-vs-applied-materials
  • Calculated Net income ÷ revenue for the same period (Silicon Analytica calculation unless the company states it).
View sources (2)
R&D % of revenuePercent, latest quarter; period under each companyASML: 10.1% · Q3 2026 · to 27 Sep 2026 (Calculated)ASML10.1%Q3 2026 · to 27 Sep 2…Applied Materials: 12.1% · Q3 FY2026 · to 26 Jul 2026 (Calculated)Applied Materials12.1%Q3 FY2026 · to 26 Jul…Peer median (20 companies) 9.9%Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/asml-vs-applied-materials
  • Calculated R&D ÷ revenue for the same period.
View sources (2)

Scale

RevenueUS$, latest quarter; period under each companyASML: ≈US$13.1B · Q3 2026 · to 27 Sep 2026 (Reported, approximate US$)ASML≈US$13.1BQ3 2026 · to 27 Sep 2…Applied Materials: US$9.1B · Q3 FY2026 · to 26 Jul 2026 (Reported)Applied MaterialsUS$9.1BQ3 FY2026 · to 26 Jul…Source: company filings, latest quarter · Silicon Analytica calculationsSilicon Analyticasiliconanalytica.com/compare/asml-vs-applied-materials
  • Calculated ≈US$ for non-US$ reporters uses the stored conversion for each value; reporting-currency figures are in the table view.
View sources (2)

Revenue mix

ASML

Loading…

Applied Materials

Loading…

Each company's own classification and latest fiscal year with a stored split; categories differ between companies and are never added together.

Period ends — ASML: 27 Sep 2026 · Applied Materials: 26 Jul 2026. Valuation multiples remain trailing.

Copper underline: the leader among values for comparable periods. Higher is better, except P/E and P/S, where the lower positive multiple leads. R&D, capex, employees and shares have no leader. Peer median uses the latest quarter of the 20 covered companies and is shown for ratios only. “—” means neither the figure nor its inputs are stored; hover or tap for the missing input. Values marked Calculated are Silicon Analytica calculations from stored reported figures.

How to read this comparison

Business models. These companies share the equipment model and are broadly comparable, subject to product mix and definitions. ASML supplies production or test equipment and services; customer investment and installed-base demand drive revenue; Applied Materials supplies production or test equipment and services; customer investment and installed-base demand drive revenue.

Cyclicality. ASML (equipment) · Applied Materials (equipment): earnings are sensitive to capacity, utilisation and the investment or demand cycle. Trailing multiples can be distorted by peak or trough earnings.

Accounting and periods. Latest reported quarter ends — ASML: 2026-09-27 · Applied Materials: 2026-07-26. Each value retains its period, status and source; adjusted measures remain separate. Same-mode periods within 100 days are compared; valuation multiples remain trailing.

More comparisons

ASML vs Tokyo ElectronNVIDIA vs AMDArm Holdings vs SynopsysTSMC vs Samsung ElectronicsMicron vs SK hynixIntel vs AMDNVIDIA vs BroadcomQualcomm vs MediaTekAMD vs BroadcomAMD vs Qualcomm

ASML profile · Applied Materials profile