Applied Materials Inc /de vs Arm Holdings Plc /uk (AMAT vs ARM)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Applied Materials Inc /de is the larger company by revenue ($28.4B vs $4.9B) and market value ($478.4B vs $319.3B). Arm Holdings Plc /uk has grown revenue faster over the last 4 fiscal years (+82.0% cumulative vs +23.0%). Applied Materials Inc /de runs the higher operating margin (29.2% vs 18.3%). Applied Materials Inc /de trades at the lower trailing P/E (56.8x vs 355.9x).
About Applied Materials Inc /de
Applied Materials Inc designs, develops, manufactures, and services equipment used to produce semiconductor chips. The company operates two main segments: Semiconductor Systems, which provides a comprehensive range of tools for chip fabrication, and Applied Global Services, which offers services, spare parts, and factory automation software to semiconductor fabrication plants. Its customers include manufacturers serving markets such as personal computing, mobile phones, automotive, and industrial applications.
About Arm Holdings Plc /uk
Arm Holdings plc designs, develops, and licenses high-performance, energy-efficient semiconductor technology, including CPU and GPU intellectual property, system IP, and compute subsystems. The company serves technology companies worldwide by providing a compute platform used in devices ranging from smartphones and PCs to data centers, automotive systems, and IoT devices. In 2026, Arm expanded its offerings to include production silicon products with the launch of the Arm AGI CPU.
Head to head (AMAT FY2025 vs ARM FY2026)
| Metric | AMATFY2025 | ARMFY2026 |
|---|---|---|
| Revenue | $28.37B | $4.92B |
| Revenue growth (YoY) | 4.4% | 22.8% |
| Gross margin | 48.7% | — |
| Operating margin | 29.2% | 18.3% |
| Net margin | 24.7% | 18.4% |
| Net income | $7.00B | $904.0M |
| Diluted EPS | $8.66 | $0.85 |
| FCF margin | 20.1% | 19.9% |
| ROE | 34.3% | 10.9% |
| Debt / equity | 0.3× | — |
| Market cap | $478.36B | $319.34B |
| P/E (TTM) | 56.8× | 355.9× |
Fundamentals are from each company’s SEC filings (AMAT FY2025, ARM FY2026). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| AMAT by fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $23.06B | $25.79B | $26.52B | $27.18B | $28.37B |
| Net income | $5.89B | $6.53B | $6.86B | $7.18B | $7.00B |
| Operating margin | 29.9% | 30.2% | 28.9% | 28.9% | 29.2% |
| ARM by fiscal year | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Revenue | $2.70B | $2.68B | $3.23B | $4.01B | $4.92B |
| Net income | $549.0M | $524.0M | $306.0M | $792.0M | $904.0M |
| Operating margin | 23.4% | 25.0% | 3.4% | 20.7% | 18.3% |
Applied Materials Inc /de and Arm Holdings Plc /uk use different fiscal calendars (AMAT's FY2025 ended 2025-10-26, ARM's FY2026 ended 2026-03-31), so their fiscal years are shown separately rather than forced into one timeline.
Peer standing
Where each company ranks among the 88 semiconductor companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | AMAT | ARM |
|---|---|---|
| Operating margin | 29.2%91st percentile of 79 | 18.3%79th percentile of 79 |
| Net margin | 24.7%87th percentile of 80 | 18.4%81st percentile of 80 |
| FCF margin | 20.1%82nd percentile of 78 | 19.9%79th percentile of 78 |
| Revenue growth (YoY) | +4.4%34th percentile of 88 | +22.8%68th percentile of 88 |
| ROE | 34.3%96th percentile of 74 | 10.9%71st percentile of 74 |
| P/E (TTM) | 56.8×55th percentile of 45 | 355.9×91st percentile of 45 |
| Short interest (days to cover) | 1.37d34th percentile of 88 | 1.48d40th percentile of 88 |
Short interest
| FINRA settlement data | AMAT | ARM |
|---|---|---|
| Shares sold short | 19.9M | 17.2M |
| Change vs prior settlement | -9.1% | +5.2% |
| Days to cover | 1.37 | 1.48 |
| As of settlement | 2026-06-30 | 2026-06-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 open-market activity | AMAT | ARM |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 34 ($169.7M) | 27 ($56.6M) |
Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.
Held by the same investors
6 tracked 13F managers hold both Applied Materials Inc /de and Arm Holdings Plc /uk as of their latest quarterly filings: Bridgewater Associates, Citadel Advisors, D. E. Shaw, Millennium Management, Point72 Asset Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.