AMAT (Applied Materials) Research & Development: $3,773 Mil (TTM As of Apr. 2026)


AMAT Applied Materials Inc AMAT
85 GF Score
Price $588.97
GF Value $217.42
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Applied Materials Research & Development?

Applied Materials AMAT +0.53% 85 Research & Development is $3,773 Mil as of Apr. 2026. GuruFocus rates AMAT with a GF Score™ of 85/100 and a GF Value™ of $217.42 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Applied Materials's Research & Development for the three months ended in Apr. 2026 was $1,027 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Apr. 2026 was $3,773 Mil.

Applied Materials  (NAS:AMAT) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Applied Materials Research & Development Related Terms

Applied Materials Research & Development Historical Data

* Premium members only.

The historical data trend for Applied Materials's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Applied Materials Research & Development Chart

Applied Materials Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,485.00 2,771.00 3,102.00 3,233.00 3,570.00

Applied Materials Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 893.00 901.00 917.00 928.00 1,027.00
AMAT
85GF Score
Applied Materials Inc AMAT
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Applied Materials Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,773 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $3,773 Mil mean?
Applied Materials (AMAT) has a Research & Development of $3,773 Mil as of Apr. 2026. Research and development expense is the total cost for research and development activities. View historical data on Applied Materials and its competitors.
Is Applied Materials' Research & Development too high?
Applied Materials' current Research & Development is $3,773 Mil. Overall, Applied Materials has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Materials' Research & Development compare to LRCX and KLAC?
Applied Materials' Research & Development of $3,773 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Semiconductors company?
A good Research & Development depends on the Semiconductors industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Applied Materials and its competitors. Applied Materials's current Research & Development is $3,773 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Materials stock overvalued right now?
Based on GuruFocus' analysis, Applied Materials (AMAT) is currently considered Significantly Overvalued. The stock's GF Value™ is $217.42, compared to a current price of $588.97 — trading 170.9% above its estimated fair value. The current Research & Development is $3,773 Mil. Applied Materials' overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Applied Materials (AMAT), the current Research & Development is $3,773 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Applied Materials (AMAT) Overvalued in 2026?

Based on GuruFocus' analysis, Applied Materials stock appears to be overvalued. The current stock price of $588.97 is trading 170.9% above its estimated GF Value™ of $217.42. GuruFocus considers Applied Materials to be Significantly Overvalued.

Key valuation signals for AMAT:

  • Research & Development: $3,773 Mil
  • GF Value™: $217.42 vs. price of $588.97 (170.9% above fair value)
  • GF Score™: 85/100 with 6 warning signs

No single metric tells the full story. See the AMAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Applied Materials Business Description

Address 3050 Bowers Avenue, P.O. Box 58039, Santa Clara, CA, USA, 95052-8039
Applied Materials is the largest semiconductor wafer fabrication equipment manufacturer in the world. It has a broad portfolio spanning nearly every corner of the WFE ecosystem. Applied Materials holds leading market share in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.
85GF Score

Get the complete analysis for AMAT

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$588.97
Price
$217.42
GF Value