Applied Materials, Inc. vs Garmin Ltd.: A Gross Profit Performance Breakdown

A Decade of Gross Profit: Applied Materials, Inc. vs Garmin Ltd.

In the ever-evolving landscape of technology, the financial performance of industry giants like Applied Materials, Inc. and Garmin Ltd. offers a fascinating glimpse into their strategic prowess. Over the past decade, from 2014 to 2023, Applied Materials has demonstrated a robust growth trajectory, with its gross profit surging by approximately 235%, from $3.8 billion to $12.4 billion. This remarkable increase underscores its dominance in the semiconductor sector.

Conversely, Garmin Ltd., a leader in GPS technology, has shown steady growth, with its gross profit rising by about 87% over the same period, reaching $3 billion in 2023. Despite the absence of data for 2024, Garmin's consistent performance highlights its resilience in a competitive market.

This comparative analysis not only reflects the companies' financial health but also their adaptability to market demands, making them key players in their respective fields.