Applied Materials, Inc. (AMAT) vs Micron Technology, Inc. (MU)
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 October 4, 2026. Differences are shown without an overall score or investment verdict.
AMAT
Applied Materials, Inc.
$540.04TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT
MU
Micron Technology, Inc.
$1,074.89TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT
Total return — AMAT vs MU
growth of $100 · dividends reinvested · last 10yAMAT +1931.2% (+35.1%/yr)MU +6160.5% (+51.2%/yr)MU compounded faster over this window
AMAT MU
AMAT vs MU: by the numbers
- •MU is the larger company ($1.21T vs $428.77B market cap).
- •MU trades at the lower trailing earnings multiple (14.48 vs 46.56 P/E), one valuation lens rather than an overall verdict.
- •MU converts more revenue to profit (63.80% vs 30.05% net margin).
- •MU grew revenue faster over the past five years (36.88% vs 8.81% CAGR).
- •AMAT pays the higher dividend yield (0.37% vs 0.04%).
Metrics side by side
Valuation
| Metric | AMAT | MU |
|---|---|---|
| P/E ratio | 46.56 | 14.48 |
| Forward P/E | 42.15 | 6.26 |
| PEG ratio | 2.71 | 0.21 |
| P/S ratio | 13.90 | 9.11 |
| P/B ratio | 16.73 | 8.77 |
| EV / EBITDA | 43.21 | 10.84 |
| FCF yield | 1.31% | 4.36% |
Profitability
| Metric | AMAT | MU |
|---|---|---|
| Gross margin | 49.40% | 80.72% |
| Operating margin | 30.50% | 74.59% |
| Net margin | 30.05% | 63.80% |
| ROE | 36.16% | 61.40% |
| ROIC | 23.58% | 58.99% |
Dividends
| Metric | AMAT | MU |
|---|---|---|
| Dividend yield | 0.37% | 0.04% |
| Payout ratio | 17.07% | 0.56% |
Growth (annualized)
| Metric | AMAT | MU |
|---|---|---|
| Revenue CAGR (5Y) | 8.81% | 36.88% |
| EPS CAGR (5Y) | 17.13% | 70.47% |
| FCF CAGR (5Y) | 5.66% | 85.01% |
| Total return CAGR (5Y) | 34.22% | 72.99% |
Frequently asked
- Which has the lower trailing P/E, AMAT or MU?
- MU has the lower trailing P/E: AMAT trades at 46.56 and MU at 14.48. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, AMAT or MU?
- Over the past five years, MU grew revenue faster — AMAT at a 8.81% CAGR versus MU at 36.88%.
- Does AMAT or MU pay a bigger dividend?
- AMAT yields 0.37% and MU yields 0.04% based on trailing dividends and the latest price.
- Is AMAT or MU more profitable?
- MU runs the higher net margin — AMAT at 30.05% versus MU at 63.80%.
- How have AMAT and MU total returns compared?
- Over the past 10 years, AMAT delivered 34.86% and MU delivered 51.07% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Applied Materials P/E ratioMicron Technology P/E ratioApplied Materials dividend yieldMicron Technology dividend yieldApplied Materials ROEMicron Technology ROEApplied Materials operating marginMicron Technology operating marginApplied Materials revenue growthMicron Technology revenue growthApplied Materials free cash flowMicron Technology free cash flow
Applied Materials & Micron Technology appear in these rankings
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 October 4, 2026.