Applied Materials (AMAT) vs Texas Instruments (TXN)
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 Texas Instruments (TXN) over the past year, gaining 146.1% versus a gain of 63.2%. Over five years, AMAT leads with a +295.7% price change compared with +48.6% for TXN. Applied Materials is the larger company by market cap ($413.19 billion vs $263.91 billion), about 1.6 times the size, while Texas Instruments is growing revenue faster (+13.0% vs +4.4%).
On valuation, Texas Instruments trades at a lower forward P/E (27.1x vs 28.2x for Applied Materials). Texas Instruments offers the higher dividend yield (1.94% vs 0.38%). Texas Instruments converts more of its revenue into profit, with a net margin of 28.3% versus 24.7%.
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 | TXN |
|---|---|---|
| Share price | $520.65 | $288.98 |
| Market cap | $413.19B | $263.91B |
| 1-day change | -1.81% | -2.78% |
| YTD return | +102.60% | +66.57% |
| 1-year return | +146.10% | +63.22% |
| 5-year return | +295.66% | +48.61% |
| P/E ratio (TTM) | 44.92 | 43.98 |
| Forward P/E | 28.20 | 27.15 |
| EPS (TTM) | $11.59 | $6.57 |
| Dividend yield | 0.38% | 1.94% |
| Annual dividend | $1.98 | $5.62 |
| Revenue (latest FY) | $28.37B | $17.68B |
| Revenue growth (YoY) | +4.39% | +13.05% |
| Net income (latest FY) | $7.00B | $5.00B |
| Gross margin | 48.67% | 57.02% |
| Operating margin | 29.22% | 34.06% |
| Net margin | 24.67% | 28.28% |
| 52-week high | $739.67 | $334.03 |
| 52-week low | $203.40 | $152.73 |
| Distance from 52-week high | -29.61% | -13.49% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +22.72% | +12.36% |
| Average volume | 7.11M | 6.39M |
| Shares outstanding | 793.60M | 913.25M |
| Employees | 38,900 | 33,000 |
| 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
- AMAT has outperformed TXN by 82.9 percentage points over the past year.
- Texas Instruments offers a meaningfully higher dividend yield (1.94% vs 0.38%).
- Texas Instruments grew revenue faster in its latest fiscal year (+13.05% 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 Texas Instruments
TXN stock →Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States, China, the rest of Asia, Europe, the Middle East, Africa, Japan, and internationally. It operates through Analog and Embedded Processing segments.
Technology · Semiconductors · 33,000 employees
AMAT vs TXN FAQ
Which is bigger, Applied Materials or Texas Instruments?
Applied Materials (AMAT) is larger, with a market capitalization of $413.19B compared with $263.91B for Texas Instruments (TXN).
Which stock has performed better over the past year, AMAT or TXN?
AMAT returned +146.10% over the past 12 months, compared with +63.22% for TXN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AMAT or TXN?
TXN has the lower trailing P/E at 44.0, versus 44.9 for AMAT. 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 Texas Instruments?
Texas Instruments has the higher yield at 1.94%, compared with 0.38% for Applied Materials.
Are Applied Materials and Texas Instruments in the same industry?
Yes. Both are classified in the Semiconductors industry within the Technology sector.