Applied Materials (AMAT) vs Monolithic Power Systems (MPWR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Applied Materials (AMAT) has outperformed Monolithic Power Systems (MPWR) over the past year, gaining 146.1% versus a gain of 50.8%. Over five years, AMAT leads with a +295.7% price change compared with +196.4% for MPWR. Applied Materials is the larger company by market cap ($401.18 billion vs $67.52 billion), about 5.9 times the size, while Monolithic Power Systems is growing revenue faster (+26.4% vs +4.4%).
On valuation, Applied Materials trades at a lower forward P/E (27.4x vs 39.3x for Monolithic Power Systems). Monolithic Power Systems offers the higher dividend yield (0.52% vs 0.39%). Applied Materials converts more of its revenue into profit, with a net margin of 24.7% versus 22.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AMAT | MPWR |
|---|---|---|
| Share price | $505.52 | $1,373.93 |
| Market cap | $401.18B | $67.52B |
| 1-day change | -2.91% | -3.65% |
| YTD return | +102.60% | +57.33% |
| 1-year return | +146.10% | +50.82% |
| 5-year return | +295.66% | +196.44% |
| P/E ratio (TTM) | 43.62 | 83.57 |
| Forward P/E | 27.36 | 39.28 |
| EPS (TTM) | $11.59 | $16.44 |
| Dividend yield | 0.39% | 0.52% |
| Annual dividend | $1.98 | $7.12 |
| Revenue (latest FY) | $28.37B | $2.79B |
| Revenue growth (YoY) | +4.39% | +26.43% |
| Net income (latest FY) | $7.00B | $621.48M |
| Gross margin | 48.67% | 55.18% |
| Operating margin | 29.22% | 26.11% |
| Net margin | 24.67% | 22.27% |
| 52-week high | $739.67 | $1,714.09 |
| 52-week low | $203.40 | $833.18 |
| Distance from 52-week high | -31.66% | -19.85% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +26.39% | +33.91% |
| Average volume | 7.05M | 741.76K |
| Shares outstanding | 793.60M | 49.14M |
| Employees | 38,900 | 4,501 |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Applied Materials is about 5.9 times larger than Monolithic Power Systems by market value ($401.18B vs $67.52B).
- AMAT has outperformed MPWR by 95.3 percentage points over the past year.
- Monolithic Power Systems trades at a higher earnings multiple (83.6x vs 43.6x trailing P/E).
- Monolithic Power Systems grew revenue faster in its latest fiscal year (+26.43% vs +4.39%).
About Applied Materials
AMAT stock →Applied Materials, Inc. provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries in the United States, China, Korea, Taiwan, Japan, Southeast Asia, Europe, and internationally.
Technology · Semiconductors · 38,900 employees
About Monolithic Power Systems
MPWR stock →Monolithic Power Systems, Inc. provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally.
Technology · Semiconductors · 4,501 employees
AMAT vs MPWR FAQ
Which is bigger, Applied Materials or Monolithic Power Systems?
Applied Materials (AMAT) is larger, with a market capitalization of $401.18B compared with $67.52B for Monolithic Power Systems (MPWR).
Which stock has performed better over the past year, AMAT or MPWR?
AMAT returned +146.10% over the past 12 months, compared with +50.82% for MPWR (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AMAT or MPWR?
AMAT has the lower trailing P/E at 43.6, versus 83.6 for MPWR. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Applied Materials or Monolithic Power Systems?
Monolithic Power Systems has the higher yield at 0.52%, compared with 0.39% for Applied Materials.
Are Applied Materials and Monolithic Power Systems in the same industry?
Yes. Both are classified in the Semiconductors industry within the Technology sector.