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Applied Materials vs Micron Technology: revenue, profit, margins and growth compared

Applied Materials brought in $28.4B of revenue in fiscal 2025, Micron Technology $133.2B in fiscal 2026. Revenue changed by +4.4% at Applied Materials and +256.3% at Micron Technology on the year before, so Micron Technology grew faster. Applied Materials kept 24.7% of its revenue as net profit, Micron Technology 63.8%. Free cash flow was $5.7B at Applied Materials and $59B at Micron Technology.

Side by side, latest fiscal year

AMATMU
Fiscal year endedFY2025 (October 26, 2025)FY2026 (September 3, 2026)
Revenue$28.4B$133.2B
Revenue growth+4.4%+256.3%
Net income$7B$85B
Net margin24.7%63.8%
Free cash flow$5.7B$59B
Free cash flow margin20.1%44.3%
Earnings per share (diluted)$8.66$74.33
Cash$7.2B$38.4B
Debt$6.5B$2.8B
Price to earnings42.69.8
Market value$292.8B$818.9B
Dividend yield0.48%0.07%
Rank by revenue in sector#26 of 751 · Technology#6 of 751 · Technology

Over the years

Revenue
AMAT FY2018: $16.7BAMAT FY2019: $14.6BAMAT FY2020: $17.2BAMAT FY2021: $23.1BAMAT FY2022: $25.8BAMAT FY2023: $26.5BAMAT FY2024: $27.2BAMAT FY2025: $28.4BMU FY2019: $23.4BMU FY2020: $21.4BMU FY2021: $27.7BMU FY2022: $30.8BMU FY2023: $15.5BMU FY2024: $25.1BMU FY2025: $37.4BMU FY2026: $133.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AMAT $28.4BMU $133.2B
Net income
AMAT FY2018: $3BAMAT FY2019: $2.7BAMAT FY2020: $3.6BAMAT FY2021: $5.9BAMAT FY2022: $6.5BAMAT FY2023: $6.9BAMAT FY2024: $7.2BAMAT FY2025: $7BMU FY2019: $6.3BMU FY2020: $2.7BMU FY2021: $5.9BMU FY2022: $8.7BMU FY2023: -$5.8BMU FY2024: $778MMU FY2025: $8.5BMU FY2026: $85BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AMAT $7BMU $85B
Net margin
AMAT FY2018: 18.2%AMAT FY2019: 18.5%AMAT FY2020: 21.0%AMAT FY2021: 25.5%AMAT FY2022: 25.3%AMAT FY2023: 25.9%AMAT FY2024: 26.4%AMAT FY2025: 24.7%MU FY2019: 27.0%MU FY2020: 12.5%MU FY2021: 21.2%MU FY2022: 28.2%MU FY2023: -37.5%MU FY2024: 3.1%MU FY2025: 22.8%MU FY2026: 63.8%FY18FY19FY20FY21FY22FY23FY24FY25FY26
AMAT 24.7%MU 63.8%
Revenue growth
AMAT FY2019: -12.6%AMAT FY2020: +17.8%AMAT FY2021: +34.1%AMAT FY2022: +11.8%AMAT FY2023: +2.8%AMAT FY2024: +2.5%AMAT FY2025: +4.4%MU FY2020: -8.4%MU FY2021: +29.3%MU FY2022: +11.0%MU FY2023: -49.5%MU FY2024: +61.6%MU FY2025: +48.9%MU FY2026: +256.3%FY19FY20FY21FY22FY23FY24FY25FY26
AMAT +4.4%MU +256.3%
Free cash flow
AMAT FY2018: $3.2BAMAT FY2019: $2.8BAMAT FY2020: $3.4BAMAT FY2021: $4.8BAMAT FY2022: $4.6BAMAT FY2023: $7.6BAMAT FY2024: $7.5BAMAT FY2025: $5.7BMU FY2019: $3.4BMU FY2020: $83MMU FY2021: $2.4BMU FY2022: $3.1BMU FY2023: -$6.1BMU FY2024: $121MMU FY2025: $1.7BMU FY2026: $59BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AMAT $5.7BMU $59B

Fiscal years as each company reports them; the two may end in different months.

Questions about Applied Materials and Micron Technology

Which is bigger by revenue, Applied Materials or Micron Technology?

Micron Technology is bigger by revenue: $133.2B in fiscal 2026, against $28.4B for Applied Materials in fiscal 2025.

Which keeps more of its revenue as profit, Applied Materials or Micron Technology?

Applied Materials had a net margin of 24.7% in fiscal 2025; Micron Technology had 63.8% in fiscal 2026.

Which grew revenue faster, Applied Materials or Micron Technology?

In their latest fiscal years revenue changed by +4.4% at Applied Materials and +256.3% at Micron Technology.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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