Annual Revenue Comparison: Applied Materials, Inc. vs Fortinet, Inc.

A Decade of Growth: Applied Materials, Inc. vs Fortinet, Inc.

In the ever-evolving landscape of technology, Applied Materials, Inc. and Fortinet, Inc. have demonstrated remarkable growth over the past decade. From 2014 to 2023, Applied Materials' revenue surged by nearly 200%, reflecting its robust position in the semiconductor industry. In contrast, Fortinet, a leader in cybersecurity, saw its revenue grow by an impressive 590% during the same period, highlighting the increasing demand for digital security solutions.

While Applied Materials consistently outperformed Fortinet in absolute revenue, the latter's growth rate underscores the dynamic nature of the cybersecurity market. Notably, 2023 marked a significant year for Fortinet, with revenues reaching over $5.3 billion, a stark contrast to its $770 million in 2014. As we look to the future, the absence of 2024 data for Fortinet leaves us anticipating whether this upward trajectory will continue.