APPLIED MATERIALS INC /DE
Business
Applied Materials, Inc. is the leader in materials engineering solutions and semiconductor capital equipment used to produce semiconductors globally. The company designs, develops, manufactures and sells wafer fabrication tools for patterning, transistor and interconnect fabrication, metrology, inspection, advanced packaging, and process control systems. Applied Materials operates two reportable segments: Semiconductor Systems, which serves foundry, logic, DRAM and flash memory markets, and Applied Global Services, which provides maintenance, spares, factory automation software and 200mm equipment support to a global installed base of semiconductor fabrication equipment.
Summary from 10-K filed 2025-12-12
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is APPLIED MATERIALS INC /DE's CIK number?
APPLIED MATERIALS INC /DE's SEC CIK number is 0000006951 (6951). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find APPLIED MATERIALS INC /DE's SEC filings?
All of APPLIED MATERIALS INC /DE's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did APPLIED MATERIALS INC /DE last report earnings?
APPLIED MATERIALS INC /DE (AMAT) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-035071). This is APPLIED MATERIALS INC /DE's most recent earnings filing of record — not a forecast of its next earnings date.
What is APPLIED MATERIALS INC /DE's most recent earnings 8-K?
APPLIED MATERIALS INC /DE's latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001628280-26-035071. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View APPLIED MATERIALS INC /DE's latest earnings 8-K →
Look up any company's CIK number →