Applied Materials vs NVIDIA (AMAT vs NVDA)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
NVIDIA is the larger company by revenue ($215.9B vs $28.4B) and market value ($5.3T vs $354.4B). NVIDIA has grown revenue faster over the last 4 fiscal years (+702.3% cumulative vs +23.0%). NVIDIA runs the higher operating margin (60.4% vs 29.2%). NVIDIA trades at the lower trailing P/E (28.0x vs 38.5x).
About Applied Materials
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 NVIDIA
NVIDIA Corporation develops accelerated computing platforms primarily based on its graphics processing units (GPUs) and related software. The company serves data centers, gaming, professional visualization, and automotive markets by providing hardware, software, and networking solutions that support artificial intelligence, scientific computing, and graphics applications. Its customers include cloud service providers, enterprises, researchers, and developers across various industries.
Head to head (AMAT FY2025 vs NVDA FY2026)
| Metric | AMATFY2025 | NVDAFY2026 |
|---|---|---|
| Revenue | $28.37B | $215.94B |
| Revenue growth (YoY) | 4.4% | 65.5% |
| Gross margin | 48.7% | 71.1% |
| Operating margin | 29.2% | 60.4% |
| Net margin | 24.7% | 55.6% |
| Net income | $7.00B | $120.07B |
| Diluted EPS | $8.66 | $4.90 |
| FCF margin | 20.1% | 44.8% |
| ROE | 34.3% | 76.3% |
| Long-term debt / equity | 0.32× | 0.05× |
| Market cap | $354.44B | $5.34T |
| P/E | 38.5× | 28.0× |
Fundamentals are from each company’s SEC filings (AMAT FY2025, NVDA FY2026). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
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% |
| NVDA by fiscal year | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Revenue | $26.91B | $26.97B | $60.92B | $130.50B | $215.94B |
| Net income | $9.75B | $4.37B | $29.76B | $72.88B | $120.07B |
| Operating margin | 37.3% | 15.7% | 54.1% | 62.4% | 60.4% |
Applied Materials and NVIDIA use different fiscal calendars (AMAT's FY2025 ended 2025-10-26, NVDA's FY2026 ended 2026-01-25), 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 | NVDA |
|---|---|---|
| Gross margin | 48.7%60th percentile of 78 | 71.1%94th percentile of 78 |
| Operating margin | 29.2%90th percentile of 79 | 60.4%97th percentile of 79 |
| Net margin | 24.7%86th percentile of 80 | 55.6%97th percentile of 80 |
| FCF margin | 20.1%81st percentile of 78 | 44.8%97th percentile of 78 |
| Revenue growth (YoY) | +4.4%36th percentile of 87 | +65.5%86th percentile of 87 |
| ROE | 34.3%95th percentile of 75 | 76.3%Highest of 75 |
| P/E | 38.5×45th percentile of 43 | 28.0×33rd percentile of 43 |
| Long-term debt / equity | 0.32×61st percentile of 45 | 0.05×27th percentile of 45 |
| Short interest (days to cover) | 2.00d22nd percentile of 88 | 2.82d39th percentile of 88 |
Short interest
| FINRA settlement data | AMAT | NVDA |
|---|---|---|
| Shares sold short | 13.5M | 311.4M |
| Change vs prior settlement | -4.1% | +5.8% |
| Days to cover | 2.00 | 2.82 |
| As of settlement | 2026-09-30 | 2026-09-30 |
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 activity (codes P/S) | AMAT | NVDA |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 3 ($4.5M) | 25 ($967.6M) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
13 tracked 13F managers hold both Applied Materials and NVIDIA as of their latest quarterly filings: AQR Capital Management, Altimeter Capital Management, Bridgewater Associates, Citadel Advisors, Coatue Management, D. E. Shaw, Gotham Asset Management, Harris Associates (Oakmark), Maverick Capital, Millennium Management, Point72 Asset Management, Tiger Global Management and 1 more. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR. 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.