Applied Materials (AMAT)

Nasdaq Information Technology Semiconductor Materials & Equipment S&P 500Nasdaq-100

$332.71

+13.46 (+4.22%)

Close of Nov 06, 2026 · end-of-day data

Source: Applied Materials's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 03, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$10.82B	$14.70B	$16.70B	$14.61B	$17.20B	$23.06B	$25.79B	$26.52B	$27.18B	$28.37B
Cost of revenue	$6.31B	$8.09B	$9.19B	$8.22B	$9.51B	$12.15B	$13.79B	$14.13B	$14.28B	$14.56B
Gross profit	$4.51B	$6.61B	$7.52B	$6.39B	$7.69B	$10.91B	$11.99B	$12.38B	$12.90B	$13.81B
Research & development	$1.54B	$1.78B	$2.02B	$2.05B	$2.23B	$2.48B	$2.77B	$3.10B	$3.23B	$3.57B
Selling, general & admin	—	—	—	—	—	—	—	$1.63B	$1.80B	$1.77B
Operating income	$2.15B	$3.94B	$4.49B	$3.35B	$4.37B	$6.89B	$7.79B	$7.65B	$7.87B	$8.29B
Interest expense	$155.00M	$198.00M	$234.00M	$237.00M	$240.00M	$236.00M	$228.00M	$238.00M	$247.00M	$269.00M
Pre-tax income	$2.01B	$3.82B	$4.40B	$3.27B	$4.17B	$6.77B	$7.60B	$7.72B	$8.15B	$9.27B
Income tax	$292.00M	$297.00M	$1.36B	$563.00M	$547.00M	$883.00M	$1.07B	$860.00M	$975.00M	$2.27B
Net income	$1.72B	$3.52B	$3.04B	$2.71B	$3.62B	$5.89B	$6.53B	$6.86B	$7.18B	$7.00B
EBITDA	$2.54B	$4.34B	$4.95B	$3.71B	$4.74B	$7.28B	$8.23B	$8.17B	$8.26B	$8.72B
EPS (basic)	$1.56	$3.28	$3.00	$2.89	$3.95	$6.47	$7.49	$8.16	$8.68	$8.71
EPS (diluted)	$1.54	$3.25	$2.96	$2.86	$3.92	$6.40	$7.44	$8.11	$8.61	$8.66
Diluted shares	1.12B	1.08B	1.03B	945.00M	923.00M	919.00M	877.00M	845.00M	834.00M	808.00M
Gross margin	41.7%	45.0%	45.0%	43.7%	44.7%	47.3%	46.5%	46.7%	47.5%	48.7%
Operating margin	19.9%	26.8%	26.9%	22.9%	25.4%	29.9%	30.2%	28.9%	28.9%	29.2%
Net margin	15.9%	23.9%	18.2%	18.5%	21.0%	25.5%	25.3%	25.9%	26.4%	24.7%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$3.41B	$5.01B	$3.44B	$3.13B	$5.35B	$5.00B	$2.00B	$6.13B	$8.02B	$7.24B
Short-term investments	$343.00M	$2.27B	$590.00M	$489.00M	$387.00M	$464.00M	$586.00M	$737.00M	$1.45B	$1.33B
Receivables	$2.28B	$2.34B	$2.32B	$2.53B	$2.96B	$4.95B	$6.07B	$5.17B	$5.23B	$5.18B
Inventory	$2.05B	$2.71B	$3.72B	$3.47B	$3.90B	$4.31B	$5.93B	$5.72B	$5.42B	$5.92B
Total current assets	$8.35B	$12.92B	$10.60B	$10.21B	$13.37B	$16.11B	$15.93B	$19.15B	$21.22B	$20.88B
Goodwill	$3.32B	$3.37B	$3.37B	$3.40B	$3.47B	$3.48B	$3.70B	$3.73B	$3.73B	$3.71B
Total assets	$14.57B	$19.42B	$17.63B	$19.02B	$22.35B	$25.82B	$26.73B	$30.73B	$34.41B	$36.30B
Total current liabilities	$3.63B	$4.12B	$3.92B	$4.45B	$4.46B	$6.34B	$7.38B	$7.37B	$8.47B	$8.00B
Short-term debt	$200.00M	$0	$0	$600.00M	$0	—	$0	$0	$700.00M	$0
Long-term debt	$3.12B	$5.30B	$5.31B	$4.71B	$5.45B	$5.45B	$5.46B	$5.46B	$5.46B	$6.46B
Total debt	$3.33B	$5.30B	$5.31B	$5.31B	$5.45B	$5.45B	$5.46B	$5.46B	$6.16B	$6.46B
Total liabilities	$7.35B	$10.07B	$10.79B	$10.81B	$11.78B	$13.58B	$14.53B	$14.38B	$15.41B	$15.88B
Shareholders' equity	$7.41B	$9.63B	$6.84B	$8.21B	$10.58B	$12.25B	$12.19B	$16.35B	$19.00B	$20.41B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$2.57B	$3.79B	$3.79B	$3.25B	$3.80B	$5.44B	$5.40B	$8.70B	$8.68B	$7.96B
Capital expenditures	$253.00M	$345.00M	$622.00M	$441.00M	$422.00M	$668.00M	$787.00M	$1.11B	$1.19B	$2.26B
Free cash flow	$2.31B	$3.44B	$3.17B	$2.81B	$3.38B	$4.77B	$4.61B	$7.59B	$7.49B	$5.70B
Investing cash flow	-$425.00M	-$2.53B	$571.00M	-$443.00M	-$130.00M	-$1.22B	-$1.36B	-$1.53B	-$2.33B	-$2.78B
Financing cash flow	-$3.53B	$341.00M	-$5.93B	-$3.12B	-$1.34B	-$4.59B	-$7.04B	-$3.03B	-$4.47B	-$5.98B
Dividends paid	$444.00M	$430.00M	$605.00M	$771.00M	$787.00M	$838.00M	$873.00M	$975.00M	$1.19B	$1.38B
Share buybacks	$1.89B	$1.17B	$5.28B	$2.40B	$649.00M	$3.75B	$6.10B	$2.19B	$3.82B	$4.89B
Stock-based compensation	$201.00M	$220.00M	$258.00M	$263.00M	$307.00M	$346.00M	$413.00M	$490.00M	$577.00M	$668.00M
Depreciation & amortization	$389.00M	$407.00M	$457.00M	$363.00M	$376.00M	$394.00M	$444.00M	$515.00M	$392.00M	$435.00M

Income statement

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Revenue	$6.72B	$6.71B	$6.65B	$6.78B	$7.04B	$7.17B	$7.10B	$7.30B	$6.80B	$7.01B	$7.91B	$9.12B
Cost of revenue	$3.55B	$3.50B	$3.49B	$3.57B	$3.71B	$3.67B	$3.62B	$3.74B	$3.54B	$3.58B	$3.96B	$4.53B
Gross profit	$3.17B	$3.20B	$3.15B	$3.21B	$3.33B	$3.50B	$3.48B	$3.56B	$3.27B	$3.44B	$3.95B	$4.59B
Research & development	$789.00M	$754.00M	$785.00M	$836.00M	$858.00M	$859.00M	$893.00M	$901.00M	$917.00M	$928.00M	$1.03B	$1.10B
Selling, general & admin	—	—	—	—	—	$462.00M	$423.00M	$428.00M	$455.00M	$411.00M	$397.00M	$411.00M
Operating income	$1.97B	$1.97B	$1.91B	$1.94B	$2.05B	$2.17B	$2.17B	$2.23B	$1.71B	$1.83B	$2.52B	$3.08B
Interest expense	$58.00M	$59.00M	$59.00M	$63.00M	$66.00M	$64.00M	$68.00M	$66.00M	$71.00M	$69.00M	$69.00M	$68.00M
Pre-tax income	$2.17B	$2.30B	$1.99B	$1.96B	$1.90B	$2.12B	$2.32B	$2.56B	$2.27B	$2.33B	$3.23B	$2.91B
Income tax	$168.00M	$284.00M	$272.00M	$255.00M	$164.00M	$934.00M	$185.00M	$784.00M	$370.00M	$302.00M	$419.00M	$369.00M
Net income	$2.00B	$2.02B	$1.72B	$1.71B	$1.73B	$1.19B	$2.14B	$1.78B	$1.90B	$2.03B	$2.81B	$2.54B
EBITDA	$2.10B	$2.06B	$2.01B	$2.04B	$2.16B	$2.28B	$2.27B	$2.35B	$1.83B	$1.96B	$2.66B	$3.23B
EPS (basic)	$2.40	$2.43	$2.08	$2.06	$2.11	$1.46	$2.64	$2.23	$2.39	$2.55	$3.53	$3.20
EPS (diluted)	$2.38	$2.41	$2.06	$2.05	$2.09	$1.45	$2.63	$2.22	$2.37	$2.54	$3.51	$3.17
Diluted shares	-1.00M	837.00M	836.00M	833.00M	-1.00M	819.00M	812.00M	802.00M	-3.00M	799.00M	799.00M	800.00M
Gross margin	47.1%	47.8%	47.4%	47.3%	47.3%	48.8%	49.1%	48.8%	48.0%	49.0%	49.9%	50.3%
Operating margin	29.3%	29.3%	28.8%	28.7%	29.0%	30.4%	30.5%	30.6%	25.2%	26.1%	31.9%	33.7%
Net margin	29.8%	30.1%	25.9%	25.2%	24.6%	16.5%	30.1%	24.4%	27.9%	28.9%	35.5%	27.8%

Balance sheet

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Cash & equivalents	$6.13B	$6.85B	$7.08B	$8.29B	$8.02B	$6.26B	$6.17B	$5.38B	$7.24B	$7.22B	$6.30B	$7.04B
Short-term investments	$737.00M	$638.00M	$472.00M	$815.00M	$1.45B	$1.95B	$578.00M	$1.63B	$1.33B	$1.29B	$1.94B	$2.20B
Receivables	$5.17B	$4.70B	$4.78B	$4.97B	$5.23B	$6.00B	$6.19B	$5.77B	$5.18B	$4.98B	$6.37B	$7.69B
Inventory	$5.72B	$5.65B	$5.69B	$5.57B	$5.42B	$5.50B	$5.66B	$5.81B	$5.92B	$6.00B	$6.34B	$6.56B
Total current assets	$19.15B	$19.18B	$19.27B	$20.67B	$21.22B	$20.69B	$19.71B	$19.72B	$20.88B	$21.05B	$22.57B	$25.09B
Goodwill	$3.73B	$3.73B	$3.73B	$3.73B	$3.73B	$3.77B	$3.75B	$3.75B	$3.71B	$3.71B	$3.82B	$3.87B
Total assets	$30.73B	$31.54B	$31.95B	$33.65B	$34.41B	$33.34B	$33.63B	$34.21B	$36.30B	$37.64B	$40.29B	$43.52B
Total current liabilities	$7.37B	$7.08B	$6.88B	$7.23B	$8.47B	$7.74B	$8.00B	$7.88B	$8.00B	$7.75B	$9.00B	$10.36B
Short-term debt	$0	$100.00M	$99.00M	$99.00M	$700.00M	$700.00M	$700.00M	$700.00M	$0	$100.00M	$1.20B	$1.20B
Long-term debt	$5.46B	$5.46B	$5.46B	$6.16B	$5.46B	$5.46B	$5.46B	$5.46B	$6.46B	$6.45B	$5.26B	$5.25B
Total debt	$5.46B	$5.56B	$5.56B	$6.26B	$6.16B	$6.16B	$6.16B	$6.16B	$6.46B	$6.55B	$6.46B	$6.44B
Total liabilities	$14.38B	$14.11B	$13.75B	$14.81B	$15.41B	$14.71B	$14.67B	$14.71B	$15.88B	$15.93B	$16.38B	$17.90B
Shareholders' equity	$16.35B	$17.43B	$18.20B	$18.84B	$19.00B	$18.62B	$18.96B	$19.50B	$20.41B	$21.72B	$23.91B	$25.63B

Cash flow

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Operating cash flow	$1.55B	$2.33B	$1.39B	$2.38B	$2.58B	$925.00M	$1.57B	$2.63B	$2.83B	$1.69B	$845.00M	$3.04B
Capital expenditures	$309.00M	$229.00M	$257.00M	$297.00M	$407.00M	$381.00M	$510.00M	$584.00M	$785.00M	$646.00M	$635.00M	$707.00M
Free cash flow	$1.25B	$2.10B	$1.14B	$2.09B	$2.17B	$544.00M	$1.06B	$2.05B	$2.04B	$1.04B	$210.00M	$2.33B
Investing cash flow	-$489.00M	-$447.00M	-$149.00M	-$660.00M	-$1.07B	-$897.00M	$221.00M	-$1.97B	-$139.00M	-$780.00M	-$959.00M	-$1.41B
Financing cash flow	-$966.00M	-$1.16B	-$1.02B	-$522.00M	-$1.77B	-$1.79B	-$1.90B	-$1.46B	-$831.00M	-$931.00M	-$814.00M	-$889.00M
Dividends paid	$268.00M	$266.00M	$266.00M	$331.00M	$329.00M	$326.00M	$325.00M	$368.00M	$365.00M	$365.00M	$365.00M	$420.00M
Share buybacks	$700.00M	$700.00M	$820.00M	$861.00M	$1.44B	$1.32B	$1.67B	$1.06B	$851.00M	$337.00M	$400.00M	$440.00M
Stock-based compensation	$115.00M	$170.00M	$134.00M	$132.00M	$141.00M	$195.00M	$159.00M	$158.00M	$156.00M	$207.00M	$169.00M	$169.00M
Depreciation & amortization	$130.00M	$91.00M	$96.00M	$95.00M	$110.00M	$105.00M	$103.00M	$113.00M	$114.00M	$127.00M	$135.00M	$151.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.