Applied Materials, Inc. (AMAT) financial statements: income statement, balance sheet and cash flow

Applied Materials, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Oct 26, 2025 · FY), Applied Materials, Inc. reported revenue of $28.4B (+4.4% year on year) and net income of $7.0B (-2.5% year on year).

Income statement

Applied Materials, Inc. income statement, fiscal years

Line item	Oct 26, 2025 · FY	Oct 27, 2024 · FY	Oct 29, 2023 · FY	Oct 30, 2022 · FY
Net revenue	$28.4B	$27.2B	$26.5B	$25.8B
Cost of products sold	$14.6B	$14.3B	$14.1B	$13.8B
Gross profit	$13.8B	$12.9B	$12.4B	$12.0B
Research, development and engineering	$3.6B	$3.2B	$3.1B	$2.8B
Marketing and selling	$858.0M	$836.0M	$776.0M	$703.0M
General and administrative	$910.0M	$961.0M	$852.0M	$735.0M
Restructuring charges	$181.0M	—	—	—
Total operating expenses	$5.5B	$5.0B	$4.7B	$4.2B
Income from operations	$8.3B	$7.9B	$7.7B	$7.8B
Interest expense	$269.0M	$247.0M	$238.0M	$228.0M
Interest and other income (expense), net	$1.3B	$532.0M	$300.0M	$39.0M
Income before income taxes	$9.3B	$8.2B	$7.7B	$7.6B
Provision for income taxes	$2.3B	$975.0M	$860.0M	$1.1B
Net income	$7.0B	$7.2B	$6.9B	$6.5B
Basic (in dollars per share)	$8.71	$8.68	$8.16	$7.49
Diluted (in dollars per share)	$8.66	$8.61	$8.11	$7.44
Basic (in shares)	804.0M	827.0M	840.0M	871.0M
Diluted (in shares)	808.0M	834.0M	845.0M	877.0M

Applied Materials, Inc. income statement, quarters

Line item	Jul 26, 2026 · Q3	Apr 26, 2026 · Q2	Jan 25, 2026 · Q1	Jul 27, 2025 · Q3
Revenue	$9.1B	$7.9B	$7.0B	$7.3B
Cost of products sold	$4.5B	$4.0B	$3.6B	$3.7B
Gross profit	$4.6B	$3.9B	$3.4B	$3.6B
Research, development and engineering	$1.1B	$1.0B	$928.0M	$901.0M
Marketing and selling	$249.0M	$233.0M	$222.0M	$224.0M
General and administrative	$162.0M	$164.0M	$189.0M	$204.0M
Legal settlement	$0	$0	$253.0M	—
Restructuring charges	$0	$0	$12.0M	—
Total operating expenses	$1.5B	$1.4B	$1.6B	$1.3B
Income from operations	$3.1B	$2.5B	$1.8B	$2.2B
Interest expense	$68.0M	$69.0M	$69.0M	$66.0M
Interest and other income (expense), net	($100.0M)	$771.0M	$566.0M	$396.0M
Income before income taxes	$2.9B	$3.2B	$2.3B	$2.6B
Provision for income taxes	$369.0M	$419.0M	$302.0M	$784.0M
Net income	$2.5B	$2.8B	$2.0B	$1.8B
Basic (in dollars per share)	$3.20	$3.53	$2.55	$2.23
Diluted (in dollars per share)	$3.17	$3.51	$2.54	$2.22
Basic (in shares)	794.0M	794.0M	793.0M	798.0M
Diluted (in shares)	800.0M	799.0M	799.0M	802.0M

Balance sheet

Applied Materials, Inc. balance sheet, fiscal years

Line item	Oct 26, 2025 · FY	Oct 27, 2024 · FY	Oct 29, 2023 · FY	Oct 30, 2022 · FY
Cash and cash equivalents	$7.2B	$8.0B	$6.1B	$2.0B
Short-term investments	$1.3B	$1.4B	$737.0M	$586.0M
Accounts receivable, net	$5.2B	$5.2B	$5.2B	$6.1B
Inventories	$5.9B	$5.4B	$5.7B	$5.9B
Other current assets	$1.2B	$1.1B	$1.4B	$1.3B
Total current assets	$20.9B	$21.2B	$19.1B	$15.9B
Long-term investments	$4.3B	$2.8B	$2.3B	$2.0B
Property, plant and equipment, net	$4.6B	$3.3B	$2.7B	$2.3B
Goodwill	$3.7B	$3.7B	$3.7B	$3.7B
Purchased technology and other intangible assets, net	$226.0M	$249.0M	$294.0M	$339.0M
Deferred income taxes and other assets	$2.5B	$3.1B	$2.6B	$2.5B
Total assets	$36.3B	$34.4B	$30.7B	$26.7B
Short-term debt	$100.0M	$799.0M	$100.0M	—
Accounts payable and accrued expenses	$5.3B	$4.8B	$4.3B	$4.2B
Contract liabilities	$2.6B	$2.8B	$3.0B	$3.1B
Total current liabilities	$8.0B	$8.5B	$7.4B	$7.4B
Long-term debt	$6.5B	$5.5B	$5.5B	$5.5B
Income taxes payable	$356.0M	$670.0M	$833.0M	$964.0M
Other liabilities	$1.1B	$810.0M	$714.0M	$732.0M
Total liabilities	$15.9B	$15.4B	$14.4B	$14.5B
Preferred stock: $0.01 par value per share; 1 shares authorized; no shares issued	$0.00	$0.00	$0.00	$0.00
Common stock: $0.01 par value per share; 2,500 shares authorized; 793 and 818 shares outstanding at 2025 and 2024, respectively	$8000000.00	$8000000.00	$8000000.00	$8000000.00
Additional paid-in capital	$10.3B	$9.7B	$9.1B	$8.6B
Retained earnings	$55.2B	$49.7B	$43.7B	$37.9B
Treasury stock: 1,241 and 1,211 shares at 2025 and 2024, respectively	-45.0B	-40.1B	-36.3B	—
Accumulated other comprehensive loss	($110.0M)	($168.0M)	($217.0M)	($202.0M)
Total stockholders’ equity	$20.4B	$19.0B	$16.3B	$12.2B
Total liabilities and stockholders’ equity	$36.3B	$34.4B	$30.7B	$26.7B

Applied Materials, Inc. balance sheet, quarters

Line item	Jul 26, 2026	Apr 26, 2026	Jan 25, 2026	Jul 27, 2025
Cash and cash equivalents	$7.0B	$6.3B	$7.2B	$5.4B
Short-term investments	$2.2B	$1.9B	$1.3B	$1.6B
Accounts receivable, net	$7.7B	$6.4B	$5.0B	$5.8B
Inventories	$6.6B	$6.3B	$6.0B	$5.8B
Other current assets	$1.6B	$1.6B	$1.6B	$1.1B
Total current assets	$25.1B	$22.6B	$21.0B	$19.7B
Long-term investments	$5.3B	$5.1B	$5.0B	$4.1B
Property, plant and equipment, net	$5.6B	$5.3B	$4.9B	$4.1B
Goodwill	$3.9B	$3.8B	$3.7B	$3.7B
Purchased technology and other intangible assets, net	$315.0M	$330.0M	$215.0M	$238.0M
Deferred income taxes and other assets	$3.4B	$3.2B	$2.8B	$2.3B
Total assets	$43.5B	$40.3B	$37.6B	$34.2B
Short-term debt	$1.3B	$1.2B	$100.0M	$799.0M
Accounts payable and accrued expenses	$5.8B	$5.2B	$5.2B	$4.6B
Contract liabilities	$3.3B	$2.6B	$2.5B	$2.5B
Total current liabilities	$10.4B	$9.0B	$7.8B	$7.9B
Long-term debt	$5.2B	$5.3B	$6.5B	$5.5B
Income taxes payable	$880.0M	$704.0M	$507.0M	$330.0M
Other liabilities	$1.4B	$1.4B	$1.2B	$1.0B
Total liabilities	$17.9B	$16.4B	$15.9B	$14.7B
Common stock	$8.0M	$8.0M	$8.0M	$8.0M
Additional paid-in capital	$10.6B	$10.5B	$10.3B	$10.1B
Retained earnings	$61.4B	$59.3B	$56.9B	$53.7B
Treasury stock	($46.2B)	($45.8B)	($45.4B)	($44.2B)
Accumulated other comprehensive loss	($165.0M)	($124.0M)	($110.0M)	($102.0M)
Total stockholders’ equity	$25.6B	$23.9B	$21.7B	$19.5B
Total liabilities and stockholders’ equity	$43.5B	$40.3B	$37.6B	$34.2B

Cash flow statement

Applied Materials, Inc. cash flow statement, fiscal years

Line item	Oct 26, 2025 · FY	Oct 27, 2024 · FY	Oct 29, 2023 · FY	Oct 30, 2022 · FY
Net income	$7.0B	$7.2B	$6.9B	$6.5B
Depreciation and amortization	$435.0M	$392.0M	$515.0M	$444.0M
Restructuring charges	$179.0M	$0	$0	($4.0M)
Deferred income taxes	$639.0M	($633.0M)	$24.0M	($223.0M)
(Gain) loss and impairments on investments, net	($792.0M)	—	—	—
Share-based compensation	$668.0M	$577.0M	$490.0M	$413.0M
Other	$31.0M	$47.0M	$40.0M	$36.0M
Accounts receivable	$49.0M	($69.0M)	$903.0M	($1.1B)
Inventories	($494.0M)	$304.0M	$207.0M	($1.6B)
Other current and non-current assets	($119.0M)	$287.0M	($48.0M)	($16.0M)
Accounts payable and accrued expenses	$307.0M	$281.0M	($138.0M)	$390.0M
Contract liabilities	($283.0M)	($126.0M)	($167.0M)	$1.0B
Income taxes payable	$250.0M	$389.0M	($20.0M)	($541.0M)
Other liabilities	$90.0M	$51.0M	$38.0M	$35.0M
Cash provided by operating activities	$8.0B	$8.7B	$8.7B	$5.4B
Capital expenditures	($2.3B)	($1.2B)	($1.1B)	($787.0M)
Cash paid for acquisitions, net of cash acquired	($29.0M)	$0	($25.0M)	($441.0M)
Proceeds from asset sale	$33.0M	—	—	—
Proceeds from sales and maturities of investments	$5.5B	$2.5B	$1.3B	$1.4B
Purchases of investments	($6.1B)	($3.6B)	($1.7B)	($1.5B)
Cash used in investing activities	($2.8B)	($2.3B)	($1.5B)	($1.4B)
Debt borrowings, net of issuance costs	$991.0M	$694.0M	—	$0
Debt repayments	($700.0M)	—	—	$0
Proceeds from commercial paper	$503.0M	$401.0M	$991.0M	—
Repayments of commercial paper	($502.0M)	($400.0M)	($900.0M)	—
Proceeds from common stock issuances	$261.0M	$243.0M	$227.0M	$199.0M
Common stock repurchases	($4.9B)	($3.8B)	($2.2B)	($6.1B)
Tax withholding payments for vested equity awards	($248.0M)	($291.0M)	($179.0M)	($266.0M)
Payments of dividends to stockholders	($1.4B)	($1.2B)	($975.0M)	($873.0M)
Payments of debt issuance costs	($3.0M)	—	—	—
Repayments of principals on finance leases	$0	($102.0M)	($7.0M)	—
Cash used in financing activities	($6.0B)	($4.5B)	($3.0B)	($7.0B)
Increase (decrease) in cash, cash equivalents and restricted cash equivalents	($801.0M)	$1.9B	$4.1B	($3.0B)
Cash, cash equivalents and restricted cash equivalents — beginning of period	$8.1B	$6.2B	$2.1B	$5.1B
Cash, cash equivalents and restricted cash equivalents — end of period	$7.3B	$8.1B	$6.2B	$2.1B
Cash and cash equivalents	$7.2B	$8.0B	$6.1B	$2.0B
Restricted cash equivalents included in deferred income taxes and other assets	$71.0M	$91.0M	$101.0M	$105.0M
Total cash, cash equivalents, and restricted cash equivalents	$7.3B	$8.1B	$6.2B	$2.1B
Cash payments for income taxes	$1.5B	$957.0M	$1.0B	$1.9B
Cash refunds from income taxes	$90.0M	$15.0M	$53.0M	$156.0M
Cash payments for interest	$239.0M	$205.0M	$205.0M	$205.0M

Applied Materials, Inc. cash flow statement, quarters

Line item	Jul 26, 2026 · YTD	Apr 26, 2026 · YTD	Jan 25, 2026 · Q1	Jul 27, 2025 · YTD
Net income	$7.4B	$4.8B	$2.0B	$5.1B
Depreciation and amortization	$413.0M	$262.0M	$127.0M	$321.0M
Restructuring charges	$12.0M	$12.0M	$12.0M	—
(Gain) / loss and impairment on investments	($909.0M)	($1.1B)	($466.0M)	—
Share-based compensation	$545.0M	$376.0M	$207.0M	$512.0M
Deferred income taxes	$25.0M	$74.0M	($78.0M)	$952.0M
Other	($11.0M)	$4.0M	($1.0M)	($298.0M)
Accounts receivable	($2.5B)	($1.2B)	$208.0M	($538.0M)
Inventories	($609.0M)	($401.0M)	($82.0M)	($386.0M)
Other current and non-current assets	($333.0M)	($394.0M)	($154.0M)	($36.0M)
Accounts payable and accrued expenses	$412.0M	($221.0M)	($760.0M)	$135.0M
Contract liabilities	$698.0M	($3.0M)	($94.0M)	($379.0M)
Income taxes payable	$462.0M	$325.0M	$481.0M	($297.0M)
Other liabilities	$1.0M	($9.0M)	$7.0M	$43.0M
Cash provided by operating activities	$5.6B	$2.5B	$1.7B	$5.1B
Capital expenditures	($2.0B)	($1.3B)	($646.0M)	($1.5B)
Cash paid for acquisitions, net of cash acquired	($262.0M)	($175.0M)	$0	($29.0M)
Proceeds from asset sale	$6.0M	$6.0M	—	$33.0M
Proceeds from sales and maturities of investments	$4.6B	$3.2B	$1.1B	$3.9B
Purchases of investments	($5.5B)	($3.5B)	($1.3B)	($5.1B)
Cash used in investing activities	($3.2B)	($1.7B)	($780.0M)	($2.6B)
Proceeds from issuance of commercial paper	$399.0M	$300.0M	$200.0M	$400.0M
Repayments of commercial paper	($400.0M)	($400.0M)	($200.0M)	($400.0M)
Proceeds from common stock issuances	$131.0M	$131.0M	—	$129.0M
Common stock repurchases	($1.2B)	($737.0M)	($337.0M)	($4.0B)
Tax withholding payments for vested equity awards	($437.0M)	($309.0M)	($229.0M)	($210.0M)
Payments of dividends to stockholders	($1.1B)	($730.0M)	($365.0M)	($1.0B)
Payments of debt issuance costs	$0	$0	—	($2.0M)
Cash used in financing activities	($2.6B)	($1.7B)	($931.0M)	($5.1B)
Increase (decrease) in cash, cash equivalents and restricted cash equivalents	($218.0M)	($953.0M)	($25.0M)	($2.7B)
Cash, cash equivalents and restricted cash equivalents — beginning of period	$7.3B	$7.3B	$7.3B	$8.1B
Cash, cash equivalents and restricted cash equivalents — end of period	$7.1B	$6.4B	$7.3B	$5.5B
Cash and cash equivalents	$7.0B	$6.3B	$7.2B	$5.4B
Restricted cash equivalents included in deferred income taxes and other assets	$57.0M	$58.0M	$69.0M	$70.0M
Total cash, cash equivalents and restricted cash equivalents	$7.1B	$6.4B	$7.3B	$5.5B
Cash payments for income taxes	$819.0M	$650.0M	$112.0M	$1.3B
Cash refunds from income taxes	$22.0M	$16.0M	$3.0M	$79.0M
Cash payments for interest	$192.0M	$119.0M	$65.0M	$171.0M

Applied Materials, Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.