APPLIED MATERIALS INC /DE Earnings Per Share Disclosure
| Fiscal Year | 2025 | 2024 | 2023 | ||||||||||||||
| (In millions, except per share amounts) | |||||||||||||||||
| Numerator: | |||||||||||||||||
| Net income | $ | 6,998 | $ | 7,177 | $ | 6,856 | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted average common shares outstanding | 804 | 827 | 840 | ||||||||||||||
| Effect of weighted dilutive restricted stock units and employees’ stock purchase plan shares | 4 | 7 | 5 | ||||||||||||||
| Denominator for diluted earnings per share | 808 | 834 | 845 | ||||||||||||||
| Basic earnings per share | $ | 8.71 | $ | 8.68 | $ | 8.16 | |||||||||||
| Diluted earnings per share | $ | 8.66 | $ | 8.61 | $ | 8.11 | |||||||||||
| Potentially weighted dilutive securities | — | — | — | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Dec 12, 2025 | Showing above |
| 2024 | Dec 13, 2024 | |
| 2023 | Dec 15, 2023 | |
| 2022 | Dec 16, 2022 | |
| 2021 | Dec 17, 2021 | |
| 2020 | Dec 11, 2020 | |
| 2019 | Dec 13, 2019 | |
| 2018 | Dec 13, 2018 | |
| 2017 | Dec 15, 2017 | |
| 2016 | Dec 15, 2016 | |
| 2015 | Dec 9, 2015 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.