AMAT · Applied Materials Inc /De - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.91B | $7.01B | - | $7.30B | $7.10B | $7.17B | - | $6.78B | $6.65B | $6.71B |
| Cost of Revenue | $3.96B | $3.58B | - | $3.74B | $3.62B | $3.67B | - | $3.57B | $3.49B | $3.50B |
| Gross Profit | $3.95B | $3.44B | - | $3.56B | $3.48B | $3.50B | - | $3.21B | $3.15B | $3.20B |
| R&D | $1.03B | $928.00M | - | $901.00M | $893.00M | $859.00M | - | $836.00M | $785.00M | $754.00M |
| SG&A | $397.00M | $411.00M | - | $204.00M | $207.00M | $256.00M | - | $222.00M | $247.00M | $276.00M |
| Total Operating Expenses | $1.42B | $1.60B | - | $1.33B | $1.32B | $1.32B | - | $1.26B | $1.24B | $1.24B |
| D&A | $103.00M | $127.00M | - | - | - | $105.00M | - | - | - | $91.00M |
| Operating Income | $2.52B | $1.83B | - | $2.23B | $2.17B | $2.17B | - | $1.94B | $1.91B | $1.97B |
| Interest Expense | $69.00M | $69.00M | - | $66.00M | $68.00M | $64.00M | - | $63.00M | $59.00M | $59.00M |
| Income Tax | $419.00M | $302.00M | - | $784.00M | $185.00M | $934.00M | - | $255.00M | $272.00M | $284.00M |
| Net Income | $2.81B | $2.03B | - | $1.78B | $2.14B | $1.19B | - | $1.71B | $1.72B | $2.02B |
| EPS - Basic | $3.53 | $2.55 | - | $2.23 | $2.64 | $1.46 | - | $2.06 | $2.08 | $2.43 |
| EPS - Diluted | $3.51 | $2.54 | - | $2.22 | $2.63 | $1.45 | - | $2.05 | $2.06 | $2.41 |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.30B | $7.22B | $7.24B | $5.38B | $6.17B | $6.26B | $8.02B | $8.29B | $7.08B | $6.85B |
| Accounts Receivable | $6.37B | $4.98B | $5.18B | $5.77B | $6.19B | $6.00B | $5.23B | $4.97B | $4.78B | $4.70B |
| Inventory | $6.34B | $6.00B | $5.92B | $5.81B | $5.66B | $5.50B | $5.42B | $5.57B | $5.69B | $5.65B |
| Accounts Payable | $2.20B | $1.92B | $1.98B | $1.77B | $1.80B | $1.74B | $1.57B | $1.47B | $1.46B | $1.42B |
| Current Assets | $22.57B | $21.05B | $20.88B | $19.72B | $19.71B | $20.69B | $21.22B | $20.67B | $19.27B | $19.18B |
| Total Assets | $40.29B | $37.64B | $36.30B | $34.21B | $33.63B | $33.34B | $34.41B | $33.65B | $31.95B | $31.54B |
| Current Liabilities | $9.00B | $7.75B | $8.00B | $7.88B | $8.00B | $7.74B | $8.47B | $7.23B | $6.88B | $7.08B |
| Long-term Debt | $5.26B | $6.45B | $6.46B | $5.46B | $5.46B | $5.46B | $5.46B | $6.16B | $5.46B | $5.46B |
| Total Liabilities | $16.38B | $15.93B | $15.88B | $14.71B | $14.67B | $14.71B | $15.41B | $14.81B | $13.75B | $14.11B |
| Stockholders' Equity | $23.91B | $21.72B | $20.41B | $19.50B | $18.96B | $18.63B | $19.00B | $18.84B | $18.20B | $17.43B |
| Retained Earnings | $59.27B | $56.89B | $55.23B | $53.69B | $52.28B | $50.51B | $49.65B | $48.25B | $46.87B | $45.48B |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $1.69B | - | - | - | $925.00M | - | - | - | $2.33B |
| Investing Cash Flow | - | ($780.00M) | - | - | - | ($897.00M) | - | - | - | ($447.00M) |
| Financing Cash Flow | - | ($931.00M) | - | - | - | ($1.79B) | - | - | - | ($1.16B) |
| CapEx | - | $646.00M | - | - | - | $381.00M | - | - | - | $229.00M |
| Free Cash Flow | - | $1.04B | - | - | - | $544.00M | - | - | - | $2.10B |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 49.9% | 49.0% | - | 48.8% | 49.1% | 48.8% | - | 47.3% | 47.4% | 47.8% |
| Operating margin | 31.9% | 26.1% | - | 30.6% | 30.5% | 30.4% | - | 28.7% | 28.8% | 29.3% |
| EBITDA margin | 33.2% | 27.9% | - | - | - | 31.8% | - | - | - | 30.7% |
| Net margin | 35.5% | 28.9% | - | 24.4% | 30.1% | 16.5% | - | 25.2% | 25.9% | 30.1% |
| Free cash flow margin | - | 14.8% | - | - | - | 7.6% | - | - | - | 31.3% |
| FCF / Net income | - | 0.51 | - | - | - | 0.46 | - | - | - | 1.04 |
| R&D / Revenue | 13.0% | 13.2% | - | 12.3% | 12.6% | 12.0% | - | 12.3% | 11.8% | 11.2% |
| SG&A / Revenue | 5.0% | 5.9% | - | 2.8% | 2.9% | 3.6% | - | 3.3% | 3.7% | 4.1% |
| Effective tax rate | 13.0% | 13.0% | - | 30.6% | 8.0% | 44.1% | - | 13.0% | 13.6% | 12.3% |
| Return on assets | 7.0% | 5.4% | - | 5.2% | 6.4% | 3.6% | - | 5.1% | 5.4% | 6.4% |
| Return on equity | 11.7% | 9.3% | - | 9.1% | 11.3% | 6.4% | - | 9.0% | 9.5% | 11.6% |
| Return on invested capital | 7.5% | 5.7% | - | 6.2% | 8.2% | 5.0% | - | 6.8% | 7.0% | 7.5% |
| Liquidity | ||||||||||
| Current ratio | 2.51 | 2.71 | 2.61 | 2.50 | 2.46 | 2.68 | 2.51 | 2.86 | 2.80 | 2.71 |
| Quick ratio | 1.80 | 1.94 | 1.87 | 1.76 | 1.76 | 1.96 | 1.87 | 2.09 | 1.97 | 1.91 |
| Cash ratio | 0.70 | 0.93 | 0.91 | 0.68 | 0.77 | 0.81 | 0.95 | 1.15 | 1.03 | 0.97 |
| Leverage | ||||||||||
| Debt / Equity | 0.22 | 0.30 | 0.32 | 0.28 | 0.29 | 0.29 | 0.29 | 0.33 | 0.30 | 0.31 |
| Debt / Assets | 0.13 | 0.17 | 0.18 | 0.16 | 0.16 | 0.16 | 0.16 | 0.18 | 0.17 | 0.17 |
| Debt / EBITDA | 2.00 | 3.30 | - | - | - | 2.40 | - | - | - | 2.65 |
| Interest coverage | 36.6x | 26.5x | - | 33.8x | 31.9x | 34.0x | - | 30.8x | 32.4x | 33.3x |
| Equity multiplier | 1.68 | 1.73 | 1.78 | 1.75 | 1.77 | 1.79 | 1.81 | 1.79 | 1.76 | 1.81 |
| Liabilities / Assets | 0.41 | 0.42 | 0.44 | 0.43 | 0.44 | 0.44 | 0.45 | 0.44 | 0.43 | 0.45 |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | 0.19 | - | 0.21 | 0.21 | 0.21 | - | 0.20 | 0.21 | 0.21 |
| Inventory turnover | 0.62 | 0.60 | - | 0.64 | 0.64 | 0.67 | - | 0.64 | 0.61 | 0.62 |
| Days sales outstanding | 294d | 259d | - | 289d | 318d | 306d | - | 268d | 262d | 256d |
| Days inventory outstanding | 584d | 612d | - | 567d | 571d | 547d | - | 569d | 595d | 588d |
| Days payable outstanding | 202d | 196d | - | 173d | 182d | 173d | - | 150d | 152d | 148d |
| Cash conversion cycle | 676d | 675d | - | 683d | 707d | 680d | - | 686d | 705d | 697d |
| Valuation | ||||||||||
| P / E | 118.8x | 126.9x | - | 83.6x | 57.6x | 128.8x | - | 100.7x | 98.7x | 69.3x |
| P / B | 13.9x | 11.9x | - | 7.6x | 6.5x | 8.2x | - | 9.1x | 9.3x | 8.0x |
| P / S | 42.1x | 36.7x | - | 20.4x | 17.3x | 21.3x | - | 25.4x | 25.6x | 20.8x |
| EV / EBITDA | 126.5x | 131.2x | - | - | - | 66.7x | - | - | - | 67.2x |
| Growth | ||||||||||
| Revenue growth (YoY) | 11.4% | -2.1% | - | 7.7% | 6.8% | 6.8% | - | 5.5% | 0.2% | -0.5% |
| Revenue CAGR (3y) | 6.1% | 1.3% | - | 3.8% | 4.4% | 11.6% | - | 3.0% | 6.0% | 9.1% |
| Revenue CAGR (5y) | 7.2% | 6.3% | - | 15.4% | 14.9% | 13.8% | - | - | - | - |
| Gross profit growth (YoY) | 13.3% | -1.7% | - | 11.1% | 10.5% | 9.1% | - | 7.7% | 1.9% | 1.9% |
| Operating income growth (YoY) | 16.3% | -15.8% | - | 15.0% | 13.4% | 10.6% | - | 7.8% | 0.1% | -0.2% |
| Net income growth (YoY) | 31.3% | 71.0% | - | 4.3% | 24.1% | -41.3% | - | 9.3% | 9.3% | 17.6% |
| EPS growth (YoY) | 33.5% | 75.2% | - | 8.3% | 27.7% | -39.8% | - | 10.8% | 10.8% | 19.3% |
| EPS CAGR (3y) | 23.6% | 7.9% | - | 6.3% | 14.8% | -10.2% | - | 3.1% | 12.9% | 25.5% |
| EPS CAGR (5y) | 19.7% | 15.8% | - | 19.5% | 26.2% | 8.6% | - | 27.4% | 24.1% | 24.7% |
| FCF growth (YoY) | - | 91.2% | - | - | - | -74.0% | - | - | - | 5.7% |
| FCF CAGR (5y) | - | -4.4% | - | - | - | -9.3% | - | - | - | 24.5% |
| Book value growth (YoY) | 26.1% | 16.6% | 7.4% | 3.5% | 4.2% | 6.9% | 16.2% | 24.8% | 28.8% | 29.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-10-26.
Business segments
$27.18B totalSemiconductor Systems Segment$20.80B · 76.5%
Applied Global Services Segment$6.38B · 23.5%
Geographic
$53.67B totalOutside North America$25.30B · 47.1%
CN$8.53B · 15.9%
TW$6.86B · 12.8%
KR$5.61B · 10.4%
US$3.06B · 5.7%
JP$2.27B · 4.2%
Southeast Asia$1.08B · 2.0%
Europe$962.00M · 1.8%
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing APPLIED MATERIALS INC /DE against the 5 most active filers in the same SIC group.
Dividends
$1.91/share trailing 12 months · +15.1% YoY
| Ex-date | Per share |
|---|---|
| May 21, 2026 | $0.5300 |
| Feb 19, 2026 | $0.4600 |
| Nov 20, 2025 | $0.4600 |
| Aug 21, 2025 | $0.4600 |
| May 22, 2025 | $0.4600 |
| Feb 20, 2025 | $0.4000 |
| Nov 21, 2024 | $0.4000 |
| Aug 22, 2024 | $0.4000 |
| May 22, 2024 | $0.4000 |
| Feb 21, 2024 | $0.3200 |
| Nov 22, 2023 | $0.3200 |
| Aug 23, 2023 | $0.3200 |
| May 24, 2023 | $0.3200 |
| Feb 22, 2023 | $0.2600 |
| Nov 23, 2022 | $0.2600 |
| Aug 24, 2022 | $0.2600 |
| May 25, 2022 | $0.2600 |
| Feb 22, 2022 | $0.2400 |
| Nov 24, 2021 | $0.2400 |
| Aug 25, 2021 | $0.2400 |
| May 26, 2021 | $0.2400 |
| Feb 24, 2021 | $0.2200 |
| Nov 18, 2020 | $0.2200 |
| Aug 19, 2020 | $0.2200 |