APPLIED MATERIALS INC /DE

Listed Company

AMATCIK 0000006951NasdaqLarge AcceleratedSemiconductors & Related DevicesDistrict of ColumbiaFY ends Oct 26

Period

FY 2025

Revenue

$28.37B

Net Income

$7.00B

Total Assets

$36.30B

Equity

$20.41B

Shares Out

793.61M

Op. Cash Flow

$7.96B

Business

APPLIED MATERIALS INC /DE provides materials engineering solutions and wafer fabrication tools used to design, develop, manufacture and service semiconductor chips. It offers a comprehensive portfolio of equipment and technologies—including patterning, transistor and interconnect tools, metrology, inspection and review systems, advanced packaging technologies—plus services, spares and factory automation software and select display manufacturing equipment. The company operates through two reportable segments, Semiconductor Systems and Applied Global Services (AGS), with other businesses reported in Corporate and Other. It sells worldwide primarily through a direct sales force and a global distribution and field‑engineer network to customers in foundry, logic, DRAM, NAND and non‑leading‑edge markets.

Summary from filing dated 2025-12-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Net revenue	28,368	27,176	26,517	25,785	23,063
Cost of products sold	14,560	14,279	14,133	13,792	12,149
Gross profit	13,808	12,897	12,384	11,993	10,914
Research, development and engineering	3,570	3,233	3,102	2,771	2,485
Marketing and selling	858	836	776	703	609
General and administrative	910	961	852	735	620
Restructuring charges	181	0	0	—	—
Total operating expenses	5,519	5,030	4,730	4,205	4,025
Income from operations	8,289	7,867	7,654	7,788	6,889
Interest expense	269	247	238	228	—
Interest and other income (expense), net	1,251	532	300	39	118
Income before income taxes	9,271	8,152	7,716	7,599	6,771
Provision for income taxes	2,273	975	860	1,074	883
Net income	6,998	7,177	6,856	6,525	5,888
Basic (in dollars per share)	8.71	8.68	8.16	7.49	6.47
Diluted (in dollars per share)	8.66	8.61	8.11	7.44	6.4
Basic (in shares)	804	827	840	871	910
Diluted (in shares)	808	834	845	877	919

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Cash and cash equivalents	7,241	8,022	6,132	1,995	4,995
Short-term investments	1,332	1,449	737	586	464
Accounts receivable, net	5,185	5,234	5,165	6,068	4,953
Inventories	5,915	5,421	5,725	5,932	4,309
Other current assets	1,208	1,094	1,388	1,344	1,386
Total current assets	20,881	21,220	19,147	15,925	16,107
Long-term investments	4,327	2,787	2,281	1,980	2,055
Property, plant and equipment, net	4,610	3,339	2,723	2,307	1,934
Goodwill	3,707	3,732	3,732	3,700	3,479
Purchased technology and other intangible assets, net	226	249	294	339	104
Deferred income taxes and other assets	2,548	3,082	2,552	2,475	2,146
Total assets	36,299	34,409	30,729	26,726	25,825
Short-term debt	100	799	100	0	—
Accounts payable and accrued expenses	5,333	4,820	4,297	4,237	4,268
Contract liabilities	2,566	2,849	2,975	3,142	2,076
Total current liabilities	7,999	8,468	7,372	7,379	6,344
Long-term debt	6,455	5,460	5,461	5,457	5,452
Income taxes payable	356	670	833	964	1,090
Other liabilities	1,074	810	714	732	692
Total liabilities	15,884	15,408	14,380	14,532	13,578
Commitments and contingencies (Note 14)	—	—	—	—	—
Preferred stock: $0.01 par value per share; 1 shares authorized; no shares issued	0	0	0	0	0
Common stock: $0.01 par value per share; 2,500 shares authorized; 793 and 818 shares outstanding at 2025 and 2024, respectively	8	8	8	8	9
Additional paid-in capital	10,333	9,660	9,131	8,593	8,247
Retained earnings	55,227	49,651	43,726	37,892	32,246
Treasury stock: 1,241 and 1,211 shares at 2025 and 2024, respectively	−45,043	−40,150	−36,299	−34,097	—
Accumulated other comprehensive loss	−110	−168	−217	−202	−260
Total stockholders equity	20,415	19,001	16,349	12,194	12,247
Total liabilities and stockholders equity	36,299	34,409	30,729	26,726	25,825

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Depreciation and amortization	435	392	515	444	394
Restructuring charges	179	0	0	−4	148
Deferred income taxes	639	−633	24	−223	80
(Gain) loss and impairments on investments, net	−792	−15	−16	—	—
Share-based compensation	668	577	490	413	346
Other	31	62	56	36	−70
Accounts receivable	49	−69	903	−1,109	−1,989
Inventories	−494	304	207	−1,590	−405
Other current and non-current assets	−119	287	−48	−16	−602
Accounts payable and accrued expenses	307	281	−138	390	465
Contract liabilities	−283	−126	−167	1,039	755
Income taxes payable	250	389	−20	−541	396
Other liabilities	90	51	38	35	36
Cash provided by operating activities	7,958	8,677	8,700	5,399	5,442
Capital expenditures	−2,260	−1,190	−1,106	−787	−668
Cash paid for acquisitions, net of cash acquired	−29	0	−25	−441	−12
Proceeds from asset sale	33	0	0	—	—
Proceeds from sales and maturities of investments	5,528	2,451	1,268	1,363	1,471
Purchases of investments	−6,054	−3,588	−1,672	−1,492	−2,007
Cash used in investing activities	−2,782	−2,327	−1,535	−1,357	−1,216
Debt borrowings, net of issuance costs	991	694	0	0	0
Debt repayments	−700	0	0	0	0
Proceeds from commercial paper	503	401	991	0	0
Repayments of commercial paper	−502	−400	−900	0	0
Proceeds from common stock issuances	261	243	227	199	175
Common stock repurchases	−4,895	−3,823	−2,189	−6,103	−3,750
Tax withholding payments for vested equity awards	−248	−291	−179	−266	−178
Payments of dividends to stockholders	−1,400	−1,200	−975	−873	−838
Payments of debt issuance costs	−3	0	0	—	—
Repayments of principals on finance leases	0	−102	−7	—	—
Cash used in financing activities	−5,977	−4,470	−3,032	−7,043	−4,591
Increase (decrease) in cash, cash equivalents and restricted cash equivalents	−801	1,880	4,133	−3,001	−365
Cash payments for income taxes	1,504	957	1,006	1,869	851
Cash refunds from income taxes	90	15	53	156	27
Cash payments for interest	239	205	205	205	205

Filings

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