financial statements

The full income statement, balance sheet, and cash-flow statement for Applied Materials Inc. (AMAT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofOct 26 ’25	as ofOct 27 ’24	as ofOct 29 ’23	as ofOct 30 ’22	as ofOct 31 ’21
Revenue	28.4B YoY+4.4%	27.2B YoY+2.5%	26.5B YoY+2.8%	25.8B YoY+11.8%	23.1B YoY+34.1%
	13.8B YoY+7.1%	12.9B YoY+4.1%	12.4B YoY+3.3%	12.0B YoY+9.9%	10.9B YoY+41.9%
Cost of revenue	14.6B YoY+2.0%	14.3B YoY+1.0%	14.1B YoY+2.5%	13.8B YoY+13.5%	12.1B YoY+27.7%
	5.52B YoY+9.7%	5.03B YoY+6.3%	4.73B YoY+12.5%	4.21B YoY+4.5%	4.03B YoY+21.0%
Research & development	3.57B YoY+10.4%	3.23B YoY+4.2%	3.10B YoY+11.9%	2.77B YoY+11.5%	2.48B YoY+11.2%
Selling, general & administrative	1.77B YoY-1.6%	1.80B YoY+10.4%	1.63B YoY+121.5%	735M YoY+18.5%	620M YoY+9.3%
General & administrative	910M YoY-5.3%	961M YoY+12.8%	852M YoY+15.9%	735M YoY+18.5%	620M YoY+9.3%
Selling & marketing	858M YoY+2.6%	836M YoY+7.7%	776M YoY+10.4%	703M YoY+15.4%	609M YoY+15.8%
Restructuring	181M	0.00	0.00 YoY+100.0%	-4.00M YoY-102.5%	157M
Amortization of intangibles	—	—	44.0M YoY+10.0%	40.0M YoY-18.4%	49.0M YoY-12.5%
Provision for credit losses	0.00	0.00	0.00	—	—
Operating income	8.29B YoY+5.4%	7.87B YoY+2.8%	7.65B YoY-1.7%	7.79B YoY+13.0%	6.89B YoY+57.8%
Interest expense	269M YoY+8.9%	247M YoY+3.8%	238M YoY+4.4%	228M YoY-3.4%	236M YoY-1.7%
Interest & investment income	406M YoY-16.5%	486M YoY+85.5%	262M	—	—
Other non-operating income	1.25B YoY+135.2%	532M YoY+77.3%	300M YoY+669.2%	39.0M YoY-66.9%	118M YoY+187.8%
Pre-tax income	9.27B YoY+13.7%	8.15B YoY+5.7%	7.72B YoY+1.5%	7.60B YoY+12.2%	6.77B YoY+62.5%
Income tax	2.27B YoY+133.1%	975M YoY+13.4%	860M YoY-19.9%	1.07B YoY+21.6%	883M YoY+61.4%
Net income	7.00B YoY-2.5%	7.18B YoY+4.7%	6.86B YoY+5.1%	6.53B YoY+10.8%	5.89B YoY+62.7%
	$8.66 YoY+0.6%	$8.61 YoY+6.2%	$8.11 YoY+9.0%	$7.44 YoY+16.3%	$6.40 YoY+63.3%
EPS (basic)	$8.71 YoY+0.3%	$8.68 YoY+6.4%	$8.16 YoY+8.9%	$7.49 YoY+15.8%	$6.47 YoY+63.8%
Weighted-avg shares (basic)	804M YoY-2.8%	827M YoY-1.5%	840M YoY-3.6%	871M YoY-4.3%	910M YoY-0.7%
Weighted-avg shares (diluted)	808M YoY-3.1%	834M YoY-1.3%	845M YoY-3.6%	877M YoY-4.6%	919M YoY-0.4%
Dividends per share	$1.78 YoY+17.1%	$1.52 YoY+24.6%	$1.22 YoY+19.6%	$1.02 YoY+8.5%	$0.94 YoY+8.0%
Balance Sheet	as ofOct 26 ’25	as ofOct 27 ’24	as ofOct 29 ’23	as ofOct 30 ’22	as ofOct 31 ’21
	20.9B YoY-1.6%	21.2B YoY+10.8%	19.1B YoY+20.2%	15.9B YoY-1.1%	16.1B YoY+20.5%
Cash & equivalents	7.24B YoY-9.7%	8.02B YoY+30.8%	6.13B YoY+207.4%	2.00B YoY-60.1%	5.00B YoY-6.7%
Short-term investments	1.33B YoY-8.1%	1.45B YoY+96.6%	737M YoY+25.8%	586M YoY+26.3%	464M YoY+19.9%
Accounts receivable	5.18B YoY-0.9%	5.23B YoY+1.3%	5.17B YoY-14.9%	6.07B YoY+22.5%	4.95B YoY+67.2%
Inventory	5.92B YoY+9.1%	5.42B YoY-5.3%	5.72B YoY-3.5%	5.93B YoY+37.7%	4.31B YoY+10.4%
Prepaid expenses	1.06B YoY+8.8%	974M YoY-0.2%	976M YoY+10.5%	883M YoY+11.3%	793M YoY+31.7%
Other current assets	1.21B YoY+10.4%	1.09B YoY-21.2%	1.39B YoY+3.3%	1.34B YoY-3.0%	1.39B YoY+81.4%
	36.3B YoY+5.5%	34.4B YoY+12.0%	30.7B YoY+15.0%	26.7B YoY+3.5%	25.8B YoY+15.5%
Property, plant & equipment	4.61B YoY+38.1%	3.34B YoY+22.6%	2.72B YoY+18.0%	2.31B YoY+19.3%	1.93B YoY+20.6%
Operating lease right-of-use	509M YoY+35.7%	375M YoY+1.4%	370M YoY-4.9%	389M YoY+32.3%	294M YoY+16.7%
Goodwill	3.71B YoY-0.7%	3.73B YoY+0.0%	3.73B YoY+0.9%	3.70B YoY+6.4%	3.48B YoY+0.4%
Intangible assets	226M YoY-9.2%	249M YoY-15.3%	294M YoY-13.3%	339M YoY+226.0%	104M YoY-32.0%
Long-term investments	4.33B YoY+55.3%	2.79B YoY+22.2%	2.28B YoY+15.2%	1.98B YoY-3.6%	2.06B YoY+33.6%
Deferred tax assets	1.23B YoY-48.5%	2.39B YoY+38.4%	1.73B YoY+23.9%	1.40B YoY-14.0%	1.62B YoY-5.1%
Other non-current assets	806M YoY+156.7%	314M YoY-9.0%	345M YoY-50.1%	691M YoY+201.7%	229M YoY-11.9%
	8.00B YoY-5.5%	8.47B YoY+14.9%	7.37B YoY-0.1%	7.38B YoY+16.3%	6.34B YoY+42.3%
Accounts payable	1.98B YoY+26.0%	1.57B YoY+6.2%	1.48B YoY-15.8%	1.75B YoY+19.2%	1.47B YoY+31.0%
Accrued liabilities	5.33B YoY+10.6%	4.82B YoY+12.2%	4.30B YoY+1.4%	4.24B YoY-0.7%	4.27B YoY+36.0%
Deferred revenue	2.57B YoY-9.9%	2.85B YoY-4.2%	2.98B YoY-5.3%	3.14B YoY+51.3%	2.08B YoY+57.2%
Short-term & current debt	0.00 YoY-100.0%	700M	0.00	0.00	0.00
Current lease liability	91.0M YoY+4.6%	87.0M YoY+3.6%	84.0M YoY-1.2%	85.0M YoY+16.4%	73.0M YoY+14.1%
	15.9B YoY+3.1%	15.4B YoY+7.1%	14.4B YoY-1.0%	14.5B YoY+7.0%	13.6B YoY+15.3%
Long-term debt	6.46B YoY+18.2%	5.46B YoY-0.0%	5.46B YoY+0.1%	5.46B YoY+0.1%	5.45B YoY+0.1%
Non-current lease liability	404M YoY+56.0%	259M YoY+2.8%	252M YoY-12.2%	287M YoY+25.9%	228M YoY+16.9%
Deferred tax liabilities	11.0M YoY+0.0%	11.0M YoY+0.0%	11.0M YoY+0.0%	11.0M YoY+0.0%	11.0M YoY+0.0%
Other non-current liabilities	1.07B YoY+32.6%	810M YoY+13.4%	714M YoY-2.5%	732M YoY+5.8%	692M YoY+4.5%
	20.4B YoY+7.4%	19.0B YoY+16.2%	16.3B YoY+34.1%	12.2B YoY-0.4%	12.2B YoY+15.8%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	12.0M YoY+0.0%	12.0M YoY+0.0%	12.0M YoY+0.0%	12.0M YoY+0.0%	12.0M YoY+0.0%
Additional paid-in capital	10.3B YoY+7.0%	9.66B YoY+5.8%	9.13B YoY+6.3%	8.59B YoY+4.2%	8.25B YoY+4.3%
Retained earnings	55.2B YoY+11.2%	49.7B YoY+13.6%	43.7B YoY+15.4%	37.9B YoY+17.5%	32.2B YoY+18.5%
Treasury stock	45.0B YoY+12.2%	40.1B YoY+10.6%	36.3B YoY+6.5%	34.1B YoY+21.8%	28.0B YoY+15.5%
Accumulated other comprehensive income	-110M YoY+34.5%	-168M YoY+22.6%	-217M YoY-7.4%	-202M YoY+22.3%	-260M YoY+13.0%
Total equity incl. non-controlling	7.09B YoY+0.0%	7.09B YoY+0.0%	7.09B YoY+0.0%	7.09B YoY+0.0%	7.09B YoY+0.0%
Total liabilities & equity	36.3B YoY+5.5%	34.4B YoY+12.0%	30.7B YoY+15.0%	26.7B YoY+3.5%	25.8B YoY+15.5%
Common shares issued	793M YoY-3.1%	818M	—	—	—
Common shares outstanding	793M YoY-3.1%	818M YoY-1.8%	833M YoY-1.3%	844M YoY-5.4%	892M YoY-2.4%
Shares outstanding (cover)	797M YoY-3.4%	824M YoY-1.5%	837M YoY-2.8%	860M YoY-4.7%	903M YoY-1.1%
Cash Flow	as ofOct 26 ’25	as ofOct 27 ’24	as ofOct 29 ’23	as ofOct 30 ’22	as ofOct 31 ’21
	7.96B YoY-8.3%	8.68B YoY-0.3%	8.70B YoY+61.1%	5.40B YoY-0.8%	5.44B YoY+43.1%
Depreciation & amortization	435M YoY+11.0%	392M YoY-23.9%	515M YoY+16.0%	444M YoY+12.7%	394M YoY+4.8%
Share-based compensation	668M YoY+15.8%	577M YoY+17.8%	490M YoY+18.6%	413M YoY+19.4%	346M YoY+12.7%
Deferred income taxes	1.15B YoY+270.1%	-678M YoY-89.4%	-358M YoY-283.6%	195M YoY+225.0%	60.0M YoY-11.8%
Change in receivables	-49.0M YoY-171.0%	69.0M YoY+107.6%	-903M YoY-181.4%	1.11B YoY-44.2%	1.99B YoY+365.8%
Change in inventory	494M YoY+262.5%	-304M YoY-46.9%	-207M YoY-113.0%	1.59B YoY+292.6%	405M YoY-3.8%
Other operating activities	31.0M YoY-50.0%	62.0M YoY+10.7%	56.0M YoY+55.6%	36.0M YoY+151.4%	-70.0M YoY-216.7%
	-2.78B YoY-19.6%	-2.33B YoY-51.6%	-1.53B YoY-13.1%	-1.36B YoY-11.6%	-1.22B YoY-835.4%
Capital expenditure	2.26B YoY+89.9%	1.19B YoY+7.6%	1.11B YoY+40.5%	787M YoY+17.8%	668M YoY+58.3%
Acquisitions	29.0M	0.00 YoY-100.0%	25.0M YoY-94.3%	441M YoY+3575.0%	12.0M YoY-88.8%
Purchases of investments	6.05B YoY+68.7%	3.59B YoY+114.6%	1.67B YoY+12.1%	1.49B YoY-25.7%	2.01B YoY+48.1%
Sales/maturities of investments	—	—	—	1.36B YoY-7.3%	1.47B YoY-16.1%
	-5.98B YoY-33.7%	-4.47B YoY-47.4%	-3.03B YoY+57.0%	-7.04B YoY-53.4%	-4.59B YoY-243.4%
Long-term debt issued	991M YoY+42.8%	694M	0.00	0.00	0.00 YoY-100.0%
Long-term debt repaid	700M	0.00	0.00	0.00	0.00 YoY-100.0%
Common stock issued	261M YoY+7.4%	243M YoY+7.0%	227M YoY+14.1%	199M YoY+13.7%	175M YoY+0.6%
Common stock repurchased	4.89B YoY+28.0%	3.82B YoY+74.6%	2.19B YoY-64.1%	6.10B YoY+62.7%	3.75B YoY+477.8%
Dividends paid	1.38B YoY+16.1%	1.19B YoY+22.3%	975M YoY+11.7%	873M YoY+4.2%	838M YoY+6.5%
Net change in cash	-801M YoY-142.6%	1.88B YoY-54.5%	4.13B YoY+237.7%	-3.00B YoY-722.2%	-365M YoY-115.6%
Interest paid	239M YoY+16.6%	205M YoY+0.0%	205M YoY+0.0%	205M YoY+0.0%	205M YoY-6.4%
Income taxes paid	1.50B YoY+57.2%	957M YoY-4.9%	1.01B YoY-46.2%	1.87B YoY+119.6%	851M YoY+57.0%
Valuation Ratios	as ofOct 26 ’25	as ofOct 27 ’24	as ofOct 29 ’23	as ofOct 30 ’22	as ofOct 31 ’21
Market cap	182B YoY+18.5%	154B YoY+40.0%	110B YoY+42.3%	77.2B YoY-37.4%	123B YoY+121.7%
P/E	26.7× YoY+29.2%	20.6× YoY+21.1%	17.0× YoY+46.8%	11.6× YoY-50.0%	23.2× YoY+33.1%
P/S	6.4× YoY+11.2%	5.7× YoY+38.4%	4.1× YoY+34.9%	3.1× YoY-46.2%	5.7× YoY+66.7%
P/B	9.3× YoY+14.5%	8.2× YoY+12.2%	7.3× YoY+13.8%	6.4× YoY-37.5%	10.2× YoY+75.9%
P/FCF	31.3× YoY+33.6%	23.4× YoY+48.9%	15.7× YoY+0.3%	15.7× YoY-36.6%	24.8× YoY+31.5%
Earnings yield	3.7% YoY-22.6%	4.8% YoY-17.4%	5.9% YoY-31.9%	8.6% YoY+100.2%	4.3% YoY-24.9%
FCF yield	3.2% YoY-25.2%	4.3% YoY-32.8%	6.4% YoY-0.3%	6.4% YoY+57.8%	4.0% YoY-24.0%
Dividend yield	0.8% YoY-4.5%	0.8% YoY-12.3%	0.9% YoY-18.3%	1.1% YoY+65.3%	0.7% YoY-51.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: AMAT's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AMAT filings on SEC EDGAR → Not investment advice.

AMAT▼ financial statements

About this data

financial statements