Buyback yield (TTM)
0.75%
Shareholder yield (TTM)
1.09%
5Y share count change
-12.5%
Buyback spend (TTM)
$2.42B
Cumulative buybacks
$46.56B
Key takeaways
- Applied Materials (AMAT) repurchased about $2.42B of stock over the trailing twelve months.
- Diluted share count is down 12.5% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 4.44× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +49.8% per year over the latest 5-year window.
- TTM repurchases used about 50% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Applied Materials (AMAT)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Applied Materials (AMAT)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Applied Materials (AMAT)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Applied Materials (AMAT)
Latest: $4.89B
Overview
Applied Materials (AMAT) most recent annual buyback spend stands at $4.89B (2025) – grew 28.0% year-over-year.
Across 2020–2025 (5 years), Applied Materials buyback spend produced a CAGR of +49.8% – sustaining 2 straight years of year-over-year growth.
Applied Materials buyback spend declined from $6.10B in 2022 to $4.89B in 2025, a 19.8% drawdown.
Across the available history, buyback spend reached its high of $6.10B in 2022 and its low of $0.00 in 1989.
Applied Materials Buyback Spend 2025: $4.89B
Applied Materials posted buyback spend of $4.89B in 2025, grew 28.0% from 2024.
Applied Materials Buyback Spend 2024: $3.82B
In 2024, Applied Materials reported buyback spend of $3.82B, surged 74.6% from 2023.
Applied Materials Buyback Spend 2023: $2.19B
Applied Materials buyback spend in 2023 was $2.19B, plunged 64.1% below 2022.
Applied Materials Buyback Spend 2022: $6.10B
2022's buyback spend for Applied Materials came in at $6.10B, surged 62.7% from 2021. This figure represents the highest annual value in the available history.
Applied Materials Buyback Spend 2021: $3.75B
Applied Materials buyback spend in 2021 was $3.75B.
See more financial history for Applied Materials (AMAT).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $4.89B | $653.00M | $4.24B | 2.67% | 0.81B | -3.1% | |
| 2024 | $3.82B | $577.00M | $3.25B | 2.51% | 0.83B | -1.3% | |
| 2023 | $2.19B | $490.00M | $1.70B | 2.00% | 0.84B | -3.6% | |
| 2022 | $6.10B | $413.00M | $5.69B | 8.09% | 0.88B | -4.6% | |
| 2021 | $3.75B | $346.00M | $3.40B | 2.99% | 0.92B | -0.4% | |
| 2020 | $649.00M | $307.00M | $342.00M | 1.19% | 0.92B | -2.3% | |
| 2019 | $2.40B | $263.00M | $2.14B | 4.59% | 0.94B | -7.9% | |
| 2018 | $5.28B | $258.00M | $5.03B | 17.43% | 1.03B | -5.4% | |
| 2017 | $1.17B | $220.00M | $952.00M | 1.97% | 1.08B | -2.9% | |
| 2016 | $1.89B | $201.00M | $1.69B | 6.02% | 1.12B | -9.0% | |
| 2015 | $1.32B | $187.00M | $1.14B | 6.82% | 1.23B | -0.4% | |
| 2014 | $0.00 | $177.00M | −$177.00M | — | 1.23B | +1.0% | |
| 2013 | $245.00M | $162.00M | $83.00M | 1.13% | 1.22B | -4.5% | |
| 2012 | $1.42B | $182.00M | $1.23B | 10.90% | 1.28B | -4.0% | |
| 2011 | $468.00M | $146.00M | $322.00M | 2.88% | 1.33B | -1.4% | |
| 2010 | $350.00M | $126.07M | $223.93M | 2.11% | 1.35B | +1.2% | |
| 2009 | $22.91M | $147.16M | −$124.25M | 0.13% | 1.33B | -3.0% | |
| 2008 | $1.50B | $0.00 | $1.50B | 9.80% | 1.37B | -3.7% | |
| 2007 | $1.33B | $0.00 | $1.33B | 4.99% | 1.43B | -8.8% | |
| 2006 | $4.16B | $0.00 | $4.16B | 15.45% | 1.57B | -5.6% | |
| 2005 | $1.68B | $0.00 | $1.68B | 6.23% | 1.66B | -3.7% | |
| 2004 | $650.00M | $0.00 | $650.00M | 2.41% | 1.72B | +3.9% | |
| 2003 | $249.94M | $0.00 | $249.94M | 0.73% | 1.66B | -2.6% | |
| 2002 | $125.00M | $0.00 | $125.00M | 0.50% | 1.70B | +0.4% | |
| 2001 | $371.40M | $0.00 | $371.40M | 1.32% | 1.69B | -1.4% | |
| 2000 | $177.15M | $0.00 | $177.15M | — | 1.72B | +4.7% | |
| 1999 | $61.91M | $0.00 | $61.91M | — | 1.64B | +8.4% | |
| 1998 | $158.91M | $0.00 | $158.91M | — | 1.51B | -0.5% | |
| 1997 | $78.20M | $0.00 | $78.20M | — | 1.52B | +4.0% | |
| 1996 | $37.10M | $0.00 | $37.10M | — | 1.46B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$4.89B
- 2024$3.82B
- 2023$2.19B
- 2022$6.10B
- 2021$3.75B
- 2020$649.00M
- 2019$2.40B
- 2018$5.28B
- 2017$1.17B
- 2016$1.89B
- 2015$1.32B
- 2014$0.00
- 2013$245.00M
- 2012$1.42B
- 2011$468.00M
- 2010$350.00M
- 2009$22.91M
- 2008$1.50B
- 2007$1.33B
- 2006$4.16B
- 2005$1.68B
- 2004$650.00M
- 2003$249.94M
- 2002$125.00M
- 2001$371.40M
- 2000$177.15M
- 1999$61.91M
- 1998$158.91M
- 1997$78.20M
- 1996$37.10M
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$0.00
- 1989$0.00
Buybacks vs stock-based compensation for Applied Materials (AMAT)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 4.44×.
Buybacks vs dividends (share of cash returned) for Applied Materials (AMAT)
How Applied Materials splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Applied Materials, ranked by their latest buyback spend.
| $90.71B | |
| $40.09B | |
| $18.42B | |
| $6.65B | |
| $6.31B | |
| $1.32B | |
| $0.00 | |
| $0.00 |
- $90.71B
- $40.09B
- $18.42B
- $6.65B
- $6.31B
- $1.32B
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $4.87B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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