AMAT
$404.98-1.97%
as of close, Oct 20, 2026
☾ AH $404.98 -1.97%
AMAT 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.
Shares outstanding (point-in-time)
2024-07 824.4M2024-10 813.7M2025-01 812.4M2025-04 802.5M2025-07 796.6M2025-10 792.9M2026-01 793.6M2026-04 794.0M2026-07 793.6M-3.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | 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+4.4% | 27.2B+2.5% | 26.5B+2.8% | 25.8B+11.8% | 23.1B+34.1% | |
| 13.8B+7.1% | 12.9B+4.1% | 12.4B+3.3% | 12.0B+9.9% | 10.9B+41.9% | ||
| Cost of revenue | 14.6B+2.0% | 14.3B+1.0% | 14.1B+2.5% | 13.8B+13.5% | 12.1B+27.7% | |
| 5.52B+9.7% | 5.03B+6.3% | 4.73B+12.5% | 4.21B+4.5% | 4.03B+21.0% | ||
| Research & development | 3.57B+10.4% | 3.23B+4.2% | 3.10B+11.9% | 2.77B+11.5% | 2.48B+11.2% | |
| Selling, general & administrative | 1.77B-1.6% | 1.80B+10.4% | 1.63B+121.5% | 735M+18.5% | 620M+9.3% | |
| General & administrative | 910M-5.3% | 961M+12.8% | 852M+15.9% | 735M+18.5% | 620M+9.3% | |
| Selling & marketing | 858M+2.6% | 836M+7.7% | 776M+10.4% | 703M+15.4% | 609M+15.8% | |
| Restructuring | 181M | 0.00 | 0.00+100.0% | -4.00M-102.5% | 157M | |
| Amortization of intangibles | — | — | 44.0M+10.0% | 40.0M-18.4% | 49.0M-12.5% | |
| Provision for credit losses | 0.00 | 0.00 | 0.00 | — | — | |
| Operating income | 8.29B+5.4% | 7.87B+2.8% | 7.65B-1.7% | 7.79B+13.0% | 6.89B+57.8% | |
| Interest expense | 269M+8.9% | 247M+3.8% | 238M+4.4% | 228M-3.4% | 236M-1.7% | |
| Interest & investment income | 406M-16.5% | 486M+85.5% | 262M | — | — | |
| Other non-operating income | 1.25B+135.2% | 532M+77.3% | 300M+669.2% | 39.0M-66.9% | 118M+187.8% | |
| Gain (loss) on equity securities | — | — | 27.0M+285.7% | 7.00M-92.9% | 99.0M+1000.0% | |
| Pre-tax income | 9.27B+13.7% | 8.15B+5.7% | 7.72B+1.5% | 7.60B+12.2% | 6.77B+62.5% | |
| Income tax | 2.27B+133.1% | 975M+13.4% | 860M-19.9% | 1.07B+21.6% | 883M+61.4% | |
| Net income | 7.00B-2.5% | 7.18B+4.7% | 6.86B+5.1% | 6.53B+10.8% | 5.89B+62.7% | |
| $8.66+0.6% | $8.61+6.2% | $8.11+9.0% | $7.44+16.3% | $6.40+63.3% | ||
| EPS (basic) | $8.71+0.3% | $8.68+6.4% | $8.16+8.9% | $7.49+15.8% | $6.47+63.8% | |
| Weighted-avg shares (basic) | 804M-2.8% | 827M-1.5% | 840M-3.6% | 871M-4.3% | 910M-0.7% | |
| Weighted-avg shares (diluted) | 808M-3.1% | 834M-1.3% | 845M-3.6% | 877M-4.6% | 919M-0.4% | |
| Dividends per share | $1.78+17.1% | $1.52+24.6% | $1.22+19.6% | $1.02+8.5% | $0.94+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-1.6% | 21.2B+10.8% | 19.1B+20.2% | 15.9B-1.1% | 16.1B+20.5% | ||
| Cash & equivalents | 7.24B-9.7% | 8.02B+30.8% | 6.13B+207.4% | 2.00B-60.1% | 5.00B-6.7% | |
| Short-term investments | 1.33B-8.1% | 1.45B+96.6% | 737M+25.8% | 586M+26.3% | 464M+19.9% | |
| Accounts receivable | 5.18B-0.9% | 5.23B+1.3% | 5.17B-14.9% | 6.07B+22.5% | 4.95B+67.2% | |
| Inventory | 5.92B+9.1% | 5.42B-5.3% | 5.72B-3.5% | 5.93B+37.7% | 4.31B+10.4% | |
| Prepaid expenses | 1.06B+8.8% | 974M-0.2% | 976M+10.5% | 883M+11.3% | 793M+31.7% | |
| Other current assets | 1.21B+10.4% | 1.09B-21.2% | 1.39B+3.3% | 1.34B-3.0% | 1.39B+81.4% | |
| 36.3B+5.5% | 34.4B+12.0% | 30.7B+15.0% | 26.7B+3.5% | 25.8B+15.5% | ||
| Property, plant & equipment | 4.61B+38.1% | 3.34B+22.6% | 2.72B+18.0% | 2.31B+19.3% | 1.93B+20.6% | |
| Operating lease right-of-use | 509M+35.7% | 375M+1.4% | 370M-4.9% | 389M+32.3% | 294M+16.7% | |
| Goodwill | 3.71B-0.7% | 3.73B+0.0% | 3.73B+0.9% | 3.70B+6.4% | 3.48B+0.4% | |
| Intangible assets | 226M-9.2% | 249M-15.3% | 294M-13.3% | 339M+226.0% | 104M-32.0% | |
| Long-term investments | 4.33B+55.3% | 2.79B+22.2% | 2.28B+15.2% | 1.98B-3.6% | 2.06B+33.6% | |
| Deferred tax assets | 1.23B-48.5% | 2.39B+38.4% | 1.73B+23.9% | 1.40B-14.0% | 1.62B-5.1% | |
| Other non-current assets | 806M+156.7% | 314M-9.0% | 345M-50.1% | 691M+201.7% | 229M-11.9% | |
| 8.00B-5.5% | 8.47B+14.9% | 7.37B-0.1% | 7.38B+16.3% | 6.34B+42.3% | ||
| Accounts payable | 1.98B+26.0% | 1.57B+6.2% | 1.48B-15.8% | 1.75B+19.2% | 1.47B+31.0% | |
| Accrued liabilities | 5.33B+10.6% | 4.82B+12.2% | 4.30B+1.4% | 4.24B-0.7% | 4.27B+36.0% | |
| Deferred revenue | 2.57B-9.9% | 2.85B-4.2% | 2.98B-5.3% | 3.14B+51.3% | 2.08B+57.2% | |
| Short-term & current debt | 0.00-100.0% | 700M | 0.00 | 0.00 | — | |
| Current lease liability | 91.0M+4.6% | 87.0M+3.6% | 84.0M-1.2% | 85.0M+16.4% | 73.0M+14.1% | |
| Finance lease liability (current) | — | 0.00-100.0% | 102M | 0.00 | — | |
| 15.9B+3.1% | 15.4B+7.1% | 14.4B-1.0% | 14.5B+7.0% | 13.6B+15.3% | ||
| Long-term debt | 6.46B+18.2% | 5.46B-0.0% | 5.46B+0.1% | 5.46B+0.1% | 5.45B+0.1% | |
| Non-current lease liability | 404M+56.0% | 259M+2.8% | 252M-12.2% | 287M+25.9% | 228M+16.9% | |
| Operating lease liability (total) | — | — | 336M-9.7% | 372M+23.6% | 301M+16.2% | |
| Finance lease liability (total) | — | — | 102M | — | — | |
| Finance lease liability | — | — | — | 0.00 | — | |
| Other non-current liabilities | 1.07B+32.6% | 810M+13.4% | 714M-2.5% | 732M+5.8% | 692M+4.5% | |
| 20.4B+7.4% | 19.0B+16.2% | 16.3B+34.1% | 12.2B-0.4% | 12.2B+15.8% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 10.3B+7.0% | 9.66B+5.8% | 9.13B+6.3% | 8.59B+4.2% | 8.25B+4.3% | |
| Retained earnings | 55.2B+11.2% | 49.7B+13.6% | 43.7B+15.4% | 37.9B+17.5% | 32.2B+18.5% | |
| Treasury stock | 45.0B+12.2% | 40.1B+10.6% | 36.3B+6.5% | 34.1B+21.8% | 28.0B+15.5% | |
| Accumulated other comprehensive income | -110M+34.5% | -168M+22.6% | -217M-7.4% | -202M+22.3% | -260M+13.0% | |
| Total liabilities & equity | 36.3B+5.5% | 34.4B+12.0% | 30.7B+15.0% | 26.7B+3.5% | 25.8B+15.5% | |
| Common shares issued | 793M-3.1% | 818M | — | — | — | |
| Common shares outstanding | 793M-3.1% | 818M-1.8% | 833M-1.3% | 844M-5.4% | 892M-2.4% | |
| Shares outstanding (cover) | 793M-2.5% | 814M-2.1% | 831M-1.5% | 844M-5.0% | 889M-2.8% | |
| Cash Flow | as ofOct 26 ’25 | as ofOct 27 ’24 | as ofOct 29 ’23 | as ofOct 30 ’22 | as ofOct 31 ’21 | |
| 7.96B-8.3% | 8.68B-0.3% | 8.70B+61.1% | 5.40B-0.8% | 5.44B+43.1% | ||
| Depreciation & amortization | 435M+11.0% | 392M-23.9% | 515M+16.0% | 444M+12.7% | 394M+4.8% | |
| Intangible amortization | — | — | 44.0M+10.0% | 40.0M-18.4% | 49.0M-12.5% | |
| Share-based compensation | 668M+15.8% | 577M+17.8% | 490M+18.6% | 413M+19.4% | 346M+12.7% | |
| Deferred income taxes | 1.15B+270.1% | -678M-89.4% | -358M-283.6% | 195M+225.0% | 60.0M-11.8% | |
| Change in receivables | -49.0M-171.0% | 69.0M+107.6% | -903M-181.4% | 1.11B-44.2% | 1.99B+365.8% | |
| Change in inventory | 494M+262.5% | -304M-46.9% | -207M-113.0% | 1.59B+292.6% | 405M-3.8% | |
| Other operating activities | 31.0M-50.0% | 62.0M+10.7% | 56.0M+55.6% | 36.0M+151.4% | -70.0M-216.7% | |
| -2.78B-19.6% | -2.33B-51.6% | -1.53B-13.1% | -1.36B-11.6% | -1.22B-835.4% | ||
| Capital expenditure | 2.26B+89.9% | 1.19B+7.6% | 1.11B+40.5% | 787M+17.8% | 668M+58.3% | |
| Free cash flow | 5.70B-23.9% | 7.49B-1.4% | 7.59B+64.7% | 4.61B-3.4% | 4.77B+41.2% | |
| Acquisitions | 29.0M | 0.00-100.0% | 25.0M-94.3% | 441M+3575.0% | 12.0M-88.8% | |
| Purchases of investments | 6.05B+68.7% | 3.59B+114.6% | 1.67B+12.1% | 1.49B-25.7% | 2.01B+48.1% | |
| Sales/maturities of investments | — | — | — | 1.36B-7.3% | 1.47B-16.1% | |
| -5.98B-33.7% | -4.47B-47.4% | -3.03B+57.0% | -7.04B-53.4% | -4.59B-243.4% | ||
| Long-term debt issued | 991M+42.8% | 694M | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 700M | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock issued | 261M+7.4% | 243M+7.0% | 227M+14.1% | 199M+13.7% | 175M+0.6% | |
| Common stock repurchased | 4.89B+28.0% | 3.82B+74.6% | 2.19B-64.1% | 6.10B+62.7% | 3.75B+477.8% | |
| Dividends paid | 1.38B+16.1% | 1.19B+22.3% | 975M+11.7% | 873M+4.2% | 838M+6.5% | |
| Net change in cash | -801M-142.6% | 1.88B-54.5% | 4.13B+237.7% | -3.00B-722.2% | -365M-115.6% | |
| Interest paid | 239M+16.6% | 205M+0.0% | 205M+0.0% | 205M+0.0% | 205M-6.4% | |
| Income taxes paid | 1.50B+57.2% | 957M-4.9% | 1.01B-46.2% | 1.87B+119.6% | 851M+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+18.5% | 154B+40.0% | 110B+42.3% | 77.2B-37.4% | 123B+121.7% | |
| P/E | 26.7×+29.2% | 20.6×+21.1% | 17.0×+46.8% | 11.6×-50.0% | 23.2×+33.1% | |
| P/S | 6.4×+11.2% | 5.7×+38.4% | 4.1×+34.9% | 3.1×-46.2% | 5.7×+66.7% | |
| P/B | 9.3×+14.5% | 8.2×+12.2% | 7.3×+13.8% | 6.4×-37.5% | 10.2×+75.9% | |
| P/FCF | 31.3×+33.6% | 23.4×+48.9% | 15.7×+0.3% | 15.7×-36.6% | 24.8×+31.5% | |
| Earnings yield | 3.7%-22.6% | 4.8%-17.4% | 5.9%-31.9% | 8.6%+100.2% | 4.3%-24.9% | |
| FCF yield | 3.2%-25.2% | 4.3%-32.8% | 6.4%-0.3% | 6.4%+57.8% | 4.0%-24.0% | |
| Dividend yield | 0.78%-4.5% | 0.81%-12.3% | 0.93%-18.3% | 1.1%+65.3% | 0.69%-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.