Is AMAT or MU cheaper?

On trailing earnings, MU is cheaper: AMAT trades at a 55.05 P/E and MU at 51.34.

Which has grown faster, AMAT or MU?

Over the past five years, MU grew revenue faster — AMAT at a 9.33% CAGR versus MU at 20.34%.

Does AMAT or MU pay a bigger dividend?

AMAT yields 0.33% and MU yields 0.05% based on trailing dividends and the latest price.

Is AMAT or MU more profitable?

MU runs the higher net margin — AMAT at 29.31% versus MU at 41.49%.

Which has been the better investment, AMAT or MU?

Over the past 10-year, MU delivered the higher annualized total return — AMAT at 39.26% versus MU at 56.88%. Past performance doesn't predict future results.

Applied Materials, Inc. (AMAT) vs Micron Technology, Inc. (MU)

MU leads on 10 of 16 compared metrics.

A side-by-side comparison of Applied Materials, Inc. and Micron Technology, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 16, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

AMAT

Applied Materials, Inc.

$462.13B

$585.78Technology

Micron Technology, Inc.

$1.19T

$1087.99Technology

Total return — AMAT vs MU

growth of $100 · last 30y

AMAT +13610.6%MU +7030.9%AMAT compounded faster

AMAT MU

AMAT vs MU: by the numbers

•MU is the larger company ($1.19T vs $462.13B market cap).
•MU trades at the lower earnings multiple (51.34 vs 55.05 P/E).
•MU converts more revenue to profit (41.49% vs 29.31% net margin).
•MU grew revenue faster over the past five years (20.34% vs 9.33% CAGR).
•AMAT pays the higher dividend yield (0.33% vs 0.05%).

Which is better, AMAT or MU?

Metric tally: AMAT 6 · MU 10

It depends on what you're optimizing for:

ValueMU(lower P/E)

GrowthMU(faster 5Y revenue CAGR)

QualityAMAT(higher ROIC)

Metrics side by side

Valuation

Metric	AMAT	MU
P/E ratio	55.05	51.34●
Forward P/E	47.89	—
P/S ratio	16.13●	21.34
P/B ratio	19.58	17.12●
PEG ratio	76.90	0.02●
EV / EBITDA	42.02	33.35●
FCF yield	1.27%●	0.83%

Profitability

Metric	AMAT	MU
Gross margin	48.96%	58.44%●
Operating margin	29.51%	48.52%●
Net margin	29.31%	41.49%●
ROE	35.58%●	33.28%
ROIC	21.96%●	12.12%

Dividends

Metric	AMAT	MU
Dividend yield	0.33%●	0.05%
Payout ratio	21.93%	6.47%

Growth (annualized)

Metric	AMAT	MU
Revenue CAGR (5Y)	9.33%	20.34%●
EPS CAGR (5Y)	17.13%●	5.12%
FCF CAGR (5Y)	9.02%	140.90%●
Total return CAGR (5Y)	34.72%	68.06%●

Frequently asked

Which is better, AMAT or MU?: It depends on your goal. value: MU (lower P/E); growth: MU (faster 5Y revenue CAGR); quality: AMAT (higher ROIC). Across all compared metrics, MU leads 10 to 6.
Is AMAT or MU cheaper?: On trailing earnings, MU is cheaper: AMAT trades at a 55.05 P/E and MU at 51.34.
Which has grown faster, AMAT or MU?: Over the past five years, MU grew revenue faster — AMAT at a 9.33% CAGR versus MU at 20.34%.
Does AMAT or MU pay a bigger dividend?: AMAT yields 0.33% and MU yields 0.05% based on trailing dividends and the latest price.
Is AMAT or MU more profitable?: MU runs the higher net margin — AMAT at 29.31% versus MU at 41.49%.
Which has been the better investment, AMAT or MU?: Over the past 10-year, MU delivered the higher annualized total return — AMAT at 39.26% versus MU at 56.88%. Past performance doesn't predict future results.

Go deeper

Full AMAT analysis Full MU analysis Interactive comparison tool

Dig into the metrics

Applied Materials P/E ratio Micron Technology P/E ratio Applied Materials dividend yield Micron Technology dividend yield Applied Materials ROE Micron Technology ROE Applied Materials operating margin Micron Technology operating margin Applied Materials revenue growth Micron Technology revenue growth Applied Materials free cash flow Micron Technology free cash flow

Applied Materials & Micron Technology appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 16, 2026.