Applied Materials Inc /de vs Texas Instruments (AMAT vs TXN)
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 $17.7B) and market value ($478.4B vs $271.7B). Applied Materials Inc /de has grown revenue faster over the last 4 fiscal years (+23.0% cumulative vs -3.6%). Texas Instruments runs the higher operating margin (34.1% vs 29.2%). Texas Instruments trades at the lower trailing P/E (51.0x vs 56.8x).
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 Texas Instruments
Texas Instruments designs and manufactures semiconductors, selling them to electronics designers and manufacturers worldwide. Its main products include analog semiconductors, which condition and amplify real-world signals and manage power, and embedded processing products, which serve as the digital control units in electronic equipment. The company serves various markets such as industrial automation, automotive, data centers, personal electronics, and communications equipment.
Head to head (AMAT FY2025 vs TXN FY2025)
| Metric | AMATFY2025 | TXNFY2025 |
|---|---|---|
| Revenue | $28.37B | $17.68B |
| Revenue growth (YoY) | 4.4% | 13.0% |
| Gross margin | 48.7% | 57.0% |
| Operating margin | 29.2% | 34.1% |
| Net margin | 24.7% | 28.3% |
| Net income | $7.00B | $5.00B |
| Diluted EPS | $8.66 | $5.45 |
| FCF margin | 20.1% | 14.7% |
| ROE | 34.3% | 30.7% |
| Debt / equity | 0.3× | 0.8× |
| Market cap | $478.36B | $271.73B |
| P/E (TTM) | 56.8× | 51.0× |
Fundamentals are from each company’s SEC filings (AMAT FY2025, TXN FY2025). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| AMAT | $23.06B | $25.79B | $26.52B | $27.18B | $28.37B |
| TXN | $18.34B | $20.03B | $17.52B | $15.64B | $17.68B |
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 | TXN |
|---|---|---|
| Gross margin | 48.7%61st percentile of 78 | 57.0%79th percentile of 78 |
| Operating margin | 29.2%91st percentile of 79 | 34.1%95th percentile of 79 |
| Net margin | 24.7%87th percentile of 80 | 28.3%91st percentile of 80 |
| FCF margin | 20.1%82nd percentile of 78 | 14.7%66th percentile of 78 |
| Revenue growth (YoY) | +4.4%34th percentile of 88 | +13.0%54th percentile of 88 |
| ROE | 34.3%96th percentile of 74 | 30.7%95th percentile of 74 |
| P/E (TTM) | 56.8×55th percentile of 45 | 51.0×48th percentile of 45 |
| Debt / equity | 0.32×61st percentile of 45 | 0.83×89th percentile of 45 |
| Short interest (days to cover) | 1.37d34th percentile of 88 | 1.34d31st percentile of 88 |
Short interest
| FINRA settlement data | AMAT | TXN |
|---|---|---|
| Shares sold short | 19.9M | 16.9M |
| Change vs prior settlement | -9.1% | -19.5% |
| Days to cover | 1.37 | 1.34 |
| 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 | TXN |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 34 ($169.7M) | 32 ($88.9M) |
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
8 tracked 13F managers hold both Applied Materials Inc /de and Texas Instruments as of their latest quarterly filings: AQR Capital Management, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Harris Associates (Oakmark), Markel Group, Millennium 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.