{ "ticker": "AMAT", "cik": "0000006951", "company": "Applied Materials, Inc.", "business_type": "industrial", "schema_template": "standard (industrial/technology) \u2014 revenue, cost of products sold, gross profit, operating income, net income, EPS and share counts; cash, debt, assets and equity; operating cash flow, capital expenditures, free cash flow and dividends. Applied Materials is a semiconductor capital-equipment maker, so the standard template fits, extended with reportable-segment revenue and profit (Semiconductor Systems, Applied Global Services, Corporate/Other) and revenue by geography, which are the two cuts that make this business legible.", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual dollars (not millions); per-share figures and share counts are as stated (per-share amounts in dollars, share counts in actual shares)", "fiscal_year_end": "last Sunday of October (52/53-week fiscal year); fiscal 2025 ended October 26, 2025", "units_notes_seen": { "FY2025 10-K consolidated statements of operations": "(In millions, except per share amounts)", "FY2025 10-K consolidated statements of comprehensive income": "(In millions)", "FY2025 10-K consolidated balance sheets": "(In millions, except per share amounts)", "FY2025 10-K consolidated statements of stockholders' equity": "(In millions, except per share amounts)", "FY2025 10-K consolidated statements of cash flows": "(In millions)", "FY2025 10-K segment note (Note 15, Industry Segment Operations)": "(In millions, except percentages)", "FY2025 10-K geographic revenue note": "(In millions)", "FY2025 10-K debt note (Note 9, principal amounts outstanding)": "(In millions)", "FY26Q2 10-Q consolidated condensed statements of operations": "(In millions, except per share amounts)", "FY26Q2 10-Q consolidated condensed balance sheets": "(In millions)", "FY26Q2 10-Q consolidated condensed statements of stockholders' equity": "(In millions, except per share amounts)", "FY26Q2 10-Q consolidated condensed statements of cash flows": "(In millions)", "FY26Q2 10-Q segment note (Note 14, Industry Segment Operations)": "(In millions, except percentages)", "FY26Q2 10-Q geographic revenue note": "(In millions, except percentages)", "FY26Q2 10-Q debt note (Note 9, principal amounts outstanding)": "(In millions)", "FY26Q2 10-Q cover page share count": "stated as an exact number of shares (793,959,430), not scaled" }, "headline": { "_comment": "Lead summary, key figures and questions for this company's pages. Values are paths into this file, resolved and formatted at publication; the summary and answers are templates with named slots.", "metrics": [ { "label": "Revenue", "format": "usd", "path": [ "quarterly", 0, "income_statement", "revenue" ], "prior_path": [ "quarterly", 1, "income_statement", "revenue" ] }, { "label": "Net income", "format": "usd", "path": [ "quarterly", 0, "income_statement", "net_income" ], "prior_path": [ "quarterly", 1, "income_statement", "net_income" ] }, { "label": "Diluted EPS", "format": "eps", "path": [ "quarterly", 0, "income_statement", "diluted_eps" ], "prior_path": [ "quarterly", 1, "income_statement", "diluted_eps" ] } ], "summary": "Applied Materials reported {Revenue} in revenue for {period}, the quarter ended {period_end}, {Revenue:yoy} from a year earlier. Net income was {Net income}, {Net income:yoy}, and diluted earnings per share were {Diluted EPS} against {Diluted EPS:prior} in the same quarter last year. Every figure is taken as reported from Applied Materials's Form 10-Q for the period, with nothing estimated.", "qa": [ { "q": "How much revenue did Applied Materials report in {period}?", "a": "Applied Materials reported {Revenue} in revenue for {period}, the quarter ended {period_end}. That is {Revenue:yoy} from {Revenue:prior} in the same period a year earlier." }, { "q": "What was Applied Materials's net income in {period}?", "a": "Applied Materials's net income for {period} was {Net income}, {Net income:yoy} from {Net income:prior} a year earlier." }, { "q": "What was Applied Materials's earnings per share in {period}?", "a": "Applied Materials reported diluted earnings per share of {Diluted EPS} for {period}, against {Diluted EPS:prior} in the same quarter last year." } ] }, "adjustments": { "splits_applied": [], "splits_note": "No stock splits apply to the periods covered, so earnings per share and share counts are directly comparable across all periods shown.", "adr_ratio": null, "adr_note": "Not an ADR; the shares are ordinary common stock listed on Nasdaq.", "fx": "None applied. Applied Materials reports in U.S. dollars, so no currency conversion was needed." }, "annual": [ { "fiscal_year": 2025, "period_end": "2025-10-26", "period_start": "2024-10-28", "weeks_in_period": 52, "source_accession": "0001628280-25-056742", "source_form": "10-K filed 2025-12-12", "income_statement": { "revenue": 28368000000, "cost_of_products_sold": 14560000000, "gross_profit": 13808000000, "gross_margin_pct": 48.7, "research_development_and_engineering": 3570000000, "marketing_and_selling": 858000000, "general_and_administrative": 910000000, "restructuring_charges": 181000000, "total_operating_expenses": 5519000000, "operating_income": 8289000000, "operating_margin_pct": 29.2, "interest_expense": 269000000, "interest_and_other_income_expense_net": 1251000000, "income_before_income_taxes": 9271000000, "provision_for_income_taxes": 2273000000, "effective_tax_rate_pct": 24.5, "net_income": 6998000000, "basic_eps": 8.71, "diluted_eps": 8.66, "basic_shares": 804000000, "diluted_shares": 808000000 }, "balance_sheet": { "cash_and_cash_equivalents": 7241000000, "short_term_investments": 1332000000, "long_term_investments": 4327000000, "cash_and_investments_total": 12900000000, "accounts_receivable_net": 5185000000, "inventories": 5915000000, "other_current_assets": 1208000000, "total_current_assets": 20881000000, "property_plant_and_equipment_net": 4610000000, "goodwill": 3707000000, "purchased_technology_and_other_intangibles_net": 226000000, "deferred_income_taxes_and_other_assets": 2548000000, "total_assets": 36299000000, "short_term_debt": 100000000, "accounts_payable_and_accrued_expenses": 5333000000, "contract_liabilities": 2566000000, "total_current_liabilities": 7999000000, "long_term_debt": 6455000000, "total_debt": 6555000000, "income_taxes_payable_noncurrent": 356000000, "other_liabilities": 1074000000, "total_liabilities": 15884000000, "total_equity": 20415000000, "net_cash_investments_less_total_debt": 6345000000, "shares_outstanding_at_period_end": 793000000, "book_value_per_share": 25.74 }, "cash_flow": { "operating_cash_flow": 7958000000, "depreciation_and_amortization": 435000000, "share_based_compensation": 668000000, "capex": 2260000000, "free_cash_flow": 5698000000, "cash_paid_for_acquisitions_net": 29000000, "dividends_paid": 1384000000, "share_repurchases": 4895000000, "investing_cash_flow": -2782000000, "financing_cash_flow": -5977000000 }, "per_share": { "dividends_declared_per_share": 1.78, "dividends_declared_total": 1422000000 }, "segments": [ { "segment": "Semiconductor Systems", "revenue": 20798000000, "cost_of_products_sold": 9530000000, "gross_profit": 11268000000, "research_development_and_engineering": 3042000000, "selling_general_and_administrative": 847000000, "restructuring_charges": 0, "operating_income": 7379000000, "depreciation_and_amortization": 192000000, "capital_expenditures": 507000000, "accounts_receivable": 3733000000, "inventories": 3444000000, "goodwill": 2476000000 }, { "segment": "Applied Global Services", "revenue": 6385000000, "cost_of_products_sold": 4251000000, "gross_profit": 2134000000, "research_development_and_engineering": 126000000, "selling_general_and_administrative": 216000000, "restructuring_charges": 0, "operating_income": 1792000000, "depreciation_and_amortization": 26000000, "capital_expenditures": 57000000, "accounts_receivable": 1269000000, "inventories": 2301000000, "goodwill": 1032000000 }, { "segment": "Corporate and Other", "revenue": 1185000000, "cost_of_products_sold": 779000000, "gross_profit": 406000000, "research_development_and_engineering": 402000000, "selling_general_and_administrative": 705000000, "restructuring_charges": 181000000, "operating_income": -882000000, "depreciation_and_amortization": 217000000, "capital_expenditures": 1696000000, "accounts_receivable": 183000000, "inventories": 170000000, "goodwill": 199000000 } ], "revenue_by_geography": { "United States": 3063000000, "China": 8529000000, "Korea": 5608000000, "Taiwan": 6857000000, "Japan": 2273000000, "Europe": 962000000, "Southeast Asia": 1076000000, "Total outside United States": 25305000000, "Consolidated total": 28368000000 } }, { "fiscal_year": 2024, "period_end": "2024-10-27", "period_start": "2023-10-30", "weeks_in_period": 52, "source_accession": "0001628280-25-056742", "source_form": "10-K filed 2025-12-12 (prior-year comparative columns)", "income_statement": { "revenue": 27176000000, "cost_of_products_sold": 14279000000, "gross_profit": 12897000000, "gross_margin_pct": 47.5, "research_development_and_engineering": 3233000000, "marketing_and_selling": 836000000, "general_and_administrative": 961000000, "restructuring_charges": 0, "total_operating_expenses": 5030000000, "operating_income": 7867000000, "operating_margin_pct": 28.9, "interest_expense": 247000000, "interest_and_other_income_expense_net": 532000000, "income_before_income_taxes": 8152000000, "provision_for_income_taxes": 975000000, "effective_tax_rate_pct": 12.0, "net_income": 7177000000, "basic_eps": 8.68, "diluted_eps": 8.61, "basic_shares": 827000000, "diluted_shares": 834000000 }, "balance_sheet": { "cash_and_cash_equivalents": 8022000000, "short_term_investments": 1449000000, "long_term_investments": 2787000000, "cash_and_investments_total": 12258000000, "accounts_receivable_net": 5234000000, "inventories": 5421000000, "other_current_assets": 1094000000, "total_current_assets": 21220000000, "property_plant_and_equipment_net": 3339000000, "goodwill": 3732000000, "purchased_technology_and_other_intangibles_net": 249000000, "deferred_income_taxes_and_other_assets": 3082000000, "total_assets": 34409000000, "short_term_debt": 799000000, "accounts_payable_and_accrued_expenses": 4820000000, "contract_liabilities": 2849000000, "total_current_liabilities": 8468000000, "long_term_debt": 5460000000, "total_debt": 6259000000, "income_taxes_payable_noncurrent": 670000000, "other_liabilities": 810000000, "total_liabilities": 15408000000, "total_equity": 19001000000, "net_cash_investments_less_total_debt": 5999000000, "shares_outstanding_at_period_end": 818000000, "book_value_per_share": 23.23 }, "cash_flow": { "operating_cash_flow": 8677000000, "depreciation_and_amortization": 392000000, "share_based_compensation": 577000000, "capex": 1190000000, "free_cash_flow": 7487000000, "cash_paid_for_acquisitions_net": 0, "dividends_paid": 1192000000, "share_repurchases": 3823000000, "investing_cash_flow": -2327000000, "financing_cash_flow": -4470000000 }, "per_share": { "dividends_declared_per_share": 1.52, "dividends_declared_total": 1252000000 }, "segments": [ { "segment": "Semiconductor Systems", "revenue": 19911000000, "cost_of_products_sold": 9379000000, "gross_profit": 10532000000, "research_development_and_engineering": 2684000000, "selling_general_and_administrative": 867000000, "operating_income": 6981000000, "depreciation_and_amortization": 168000000, "capital_expenditures": 425000000, "accounts_receivable": 3816000000, "inventories": 2988000000, "goodwill": 2460000000 }, { "segment": "Applied Global Services", "revenue": 6225000000, "cost_of_products_sold": 4088000000, "gross_profit": 2137000000, "research_development_and_engineering": 114000000, "selling_general_and_administrative": 211000000, "operating_income": 1812000000, "depreciation_and_amortization": 22000000, "capital_expenditures": 35000000, "accounts_receivable": 1297000000, "inventories": 2306000000, "goodwill": 1032000000 }, { "segment": "Corporate and Other", "revenue": 1040000000, "cost_of_products_sold": 812000000, "gross_profit": 228000000, "research_development_and_engineering": 435000000, "selling_general_and_administrative": 719000000, "operating_income": -926000000, "depreciation_and_amortization": 202000000, "capital_expenditures": 730000000, "accounts_receivable": 121000000, "inventories": 127000000, "goodwill": 240000000 } ], "revenue_by_geography": { "United States": 3818000000, "China": 10117000000, "Korea": 4493000000, "Taiwan": 4010000000, "Japan": 2154000000, "Europe": 1443000000, "Southeast Asia": 1141000000, "Total outside United States": 23358000000, "Consolidated total": 27176000000 } }, { "fiscal_year": 2023, "period_end": "2023-10-29", "period_start": "2022-10-31", "weeks_in_period": 52, "source_accession": "0001628280-25-056742", "source_form": "10-K filed 2025-12-12 (earliest comparative column on the income statement and cash flow statement)", "income_statement": { "revenue": 26517000000, "cost_of_products_sold": 14133000000, "gross_profit": 12384000000, "gross_margin_pct": 46.7, "research_development_and_engineering": 3102000000, "marketing_and_selling": 776000000, "general_and_administrative": 852000000, "restructuring_charges": 0, "total_operating_expenses": 4730000000, "operating_income": 7654000000, "operating_margin_pct": 28.9, "interest_expense": 238000000, "interest_and_other_income_expense_net": 300000000, "income_before_income_taxes": 7716000000, "provision_for_income_taxes": 860000000, "effective_tax_rate_pct": 11.1, "net_income": 6856000000, "basic_eps": 8.16, "diluted_eps": 8.11, "basic_shares": 840000000, "diluted_shares": 845000000 }, "balance_sheet": { "cash_and_cash_equivalents": 6132000000, "accounts_receivable_net": 5165000000, "inventories": 5725000000, "goodwill": 3732000000, "total_assets": null, "total_debt": null, "total_equity": 16349000000, "shares_outstanding_at_period_end": 833000000, "book_value_per_share": 19.63, "note": "The FY2025 10-K (accession 0001628280-25-056742) presents balance sheets only as of October 26, 2025 and October 27, 2024, so fiscal 2023 total assets and total debt are not available from that filing. The fiscal 2023 balance-sheet amounts it does disclose are included above: cash and cash equivalents from the cash-flow statement's cash reconciliation; accounts receivable, inventories and goodwill from the segment note's fiscal 2023 table; and total stockholders' equity and period-end shares outstanding from the consolidated statements of stockholders' equity, which roll forward from October 30, 2022 and show a balance at October 29, 2023 of $16,349 million of total equity on 833 million shares outstanding." }, "cash_flow": { "operating_cash_flow": 8700000000, "depreciation_and_amortization": 515000000, "share_based_compensation": 490000000, "capex": 1106000000, "free_cash_flow": 7594000000, "cash_paid_for_acquisitions_net": 25000000, "dividends_paid": 975000000, "share_repurchases": 2189000000, "investing_cash_flow": -1535000000, "financing_cash_flow": -3032000000 }, "per_share": { "dividends_declared_per_share": 1.22, "dividends_declared_total": 1022000000 }, "segments": [ { "segment": "Semiconductor Systems", "revenue": 19698000000, "cost_of_products_sold": 9456000000, "gross_profit": 10242000000, "research_development_and_engineering": 2544000000, "selling_general_and_administrative": 819000000, "operating_income": 6879000000, "depreciation_and_amortization": 235000000, "capital_expenditures": 381000000, "accounts_receivable": 3943000000, "inventories": 3433000000, "goodwill": 2460000000 }, { "segment": "Applied Global Services", "revenue": 5732000000, "cost_of_products_sold": 3911000000, "gross_profit": 1821000000, "research_development_and_engineering": 101000000, "selling_general_and_administrative": 191000000, "operating_income": 1529000000, "depreciation_and_amortization": 31000000, "capital_expenditures": 39000000, "accounts_receivable": 1111000000, "inventories": 2073000000, "goodwill": 1032000000 }, { "segment": "Corporate and Other", "revenue": 1087000000, "cost_of_products_sold": 766000000, "gross_profit": 321000000, "research_development_and_engineering": 457000000, "selling_general_and_administrative": 618000000, "operating_income": -754000000, "depreciation_and_amortization": 249000000, "capital_expenditures": 686000000, "accounts_receivable": 111000000, "inventories": 219000000, "goodwill": 240000000 } ], "revenue_by_geography": { "United States": 4006000000, "China": 7247000000, "Korea": 4609000000, "Taiwan": 5670000000, "Japan": 2075000000, "Europe": 2152000000, "Southeast Asia": 758000000, "Total outside United States": 22511000000, "Consolidated total": 26517000000 } } ], "quarterly": [ { "label": "FY2026 Q2 (three months ended April 26, 2026)", "fiscal_year": 2026, "fiscal_quarter": 2, "period_type": "three months", "period_start": "2026-01-26", "period_end": "2026-04-26", "source_accession": "0001628280-26-037227", "source_form": "10-Q filed 2026-05-21", "income_statement": { "revenue": 7910000000, "cost_of_products_sold": 3963000000, "gross_profit": 3947000000, "gross_margin_pct": 49.9, "research_development_and_engineering": 1027000000, "marketing_and_selling": 233000000, "general_and_administrative": 164000000, "legal_settlement": 0, "restructuring_charges": 0, "total_operating_expenses": 1424000000, "operating_income": 2523000000, "operating_margin_pct": 31.9, "interest_expense": 69000000, "interest_and_other_income_expense_net": 771000000, "income_before_income_taxes": 3225000000, "provision_for_income_taxes": 419000000, "effective_tax_rate_pct": 13.0, "net_income": 2806000000, "basic_eps": 3.53, "diluted_eps": 3.51, "basic_shares": 794000000, "diluted_shares": 799000000 }, "balance_sheet": { "as_of": "2026-04-26", "cash_and_cash_equivalents": 6301000000, "short_term_investments": 1940000000, "long_term_investments": 5142000000, "cash_and_investments_total": 13383000000, "accounts_receivable_net": 6372000000, "inventories": 6343000000, "other_current_assets": 1615000000, "total_current_assets": 22571000000, "property_plant_and_equipment_net": 5255000000, "goodwill": 3824000000, "purchased_technology_and_other_intangibles_net": 330000000, "deferred_income_taxes_and_other_assets": 3164000000, "total_assets": 40286000000, "short_term_debt": 1199000000, "accounts_payable_and_accrued_expenses": 5229000000, "contract_liabilities": 2570000000, "total_current_liabilities": 8998000000, "long_term_debt": 5256000000, "total_debt": 6455000000, "income_taxes_payable_noncurrent": 704000000, "other_liabilities": 1419000000, "total_liabilities": 16377000000, "total_equity": 23909000000, "net_cash_investments_less_total_debt": 6928000000, "shares_outstanding_at_period_end": 793959430, "book_value_per_share": 30.11 }, "cash_flow": null, "cash_flow_note": "The 10-Q presents cash flows only for the six months ended April 26, 2026; no stand-alone three-month cash-flow statement is given. See the six-month period entry.", "per_share": { "dividends_declared_per_share": 0.53, "dividends_declared_total": 420000000 }, "segments": [ { "segment": "Semiconductor Systems", "revenue": 5965000000, "cost_of_products_sold": 2701000000, "gross_profit": 3264000000, "research_development_and_engineering": 865000000, "selling_general_and_administrative": 307000000, "operating_income": 2092000000, "depreciation_and_amortization": 101000000, "capital_expenditures": 120000000, "accounts_receivable": 4820000000, "inventories": 4309000000, "goodwill": 2661000000 }, { "segment": "Applied Global Services", "revenue": 1665000000, "cost_of_products_sold": 1088000000, "gross_profit": 577000000, "research_development_and_engineering": 20000000, "selling_general_and_administrative": 70000000, "operating_income": 487000000, "depreciation_and_amortization": 16000000, "capital_expenditures": 14000000, "accounts_receivable": 1265000000, "inventories": 1852000000, "goodwill": 964000000 }, { "segment": "Other", "revenue": 280000000, "cost_of_products_sold": 174000000, "gross_profit": 106000000, "research_development_and_engineering": 142000000, "selling_general_and_administrative": 20000000, "operating_income": -56000000, "depreciation_and_amortization": 18000000, "capital_expenditures": 501000000, "accounts_receivable": 287000000, "inventories": 182000000, "goodwill": 199000000 } ], "semiconductor_systems_revenue_mix_pct": { "Foundry, logic and other": 67, "DRAM": 29, "Flash memory (NAND)": 4 }, "revenue_by_geography": { "China": 2087000000, "Korea": 1572000000, "Taiwan": 2155000000, "Japan": 623000000, "Southeast Asia": 185000000, "Asia Pacific total": 6622000000, "United States": 941000000, "Europe": 347000000, "Total": 7910000000 } }, { "label": "FY2025 Q2 (three months ended April 27, 2025)", "fiscal_year": 2025, "fiscal_quarter": 2, "period_type": "three months", "period_start": "2025-01-27", "period_end": "2025-04-27", "source_accession": "0001628280-26-037227", "source_form": "10-Q filed 2026-05-21 (prior-year comparative columns)", "income_statement": { "revenue": 7100000000, "cost_of_products_sold": 3615000000, "gross_profit": 3485000000, "gross_margin_pct": 49.1, "research_development_and_engineering": 893000000, "marketing_and_selling": 216000000, "general_and_administrative": 207000000, "legal_settlement": 0, "restructuring_charges": 0, "total_operating_expenses": 1316000000, "operating_income": 2169000000, "operating_margin_pct": 30.5, "interest_expense": 68000000, "interest_and_other_income_expense_net": 221000000, "income_before_income_taxes": 2322000000, "provision_for_income_taxes": 185000000, "effective_tax_rate_pct": 8.0, "net_income": 2137000000, "basic_eps": 2.64, "diluted_eps": 2.63, "basic_shares": 809000000, "diluted_shares": 812000000 }, "balance_sheet": null, "balance_sheet_note": "The 10-Q's balance sheet presents April 26, 2026 and October 26, 2025 only; no April 27, 2025 balance sheet is shown. The segment note does disclose that at April 27, 2025 accounts receivable were $6,187 million, inventories $5,656 million and goodwill $3,748 million.", "cash_flow": null, "per_share": { "dividends_declared_per_share": 0.46, "dividends_declared_total": 368000000 }, "segments": [ { "segment": "Semiconductor Systems", "revenue": 5401000000, "cost_of_products_sold": 2512000000, "gross_profit": 2889000000, "research_development_and_engineering": 774000000, "selling_general_and_administrative": 345000000, "operating_income": 1770000000, "depreciation_and_amortization": 73000000, "capital_expenditures": 118000000, "accounts_receivable": 4925000000, "inventories": 3666000000, "goodwill": 2544000000 }, { "segment": "Applied Global Services", "revenue": 1420000000, "cost_of_products_sold": 944000000, "gross_profit": 476000000, "research_development_and_engineering": 18000000, "selling_general_and_administrative": 80000000, "operating_income": 378000000, "depreciation_and_amortization": 12000000, "capital_expenditures": 19000000, "accounts_receivable": 1159000000, "inventories": 1804000000, "goodwill": 964000000 }, { "segment": "Other", "revenue": 279000000, "cost_of_products_sold": 159000000, "gross_profit": 120000000, "research_development_and_engineering": 101000000, "selling_general_and_administrative": -2000000, "operating_income": 21000000, "depreciation_and_amortization": 18000000, "capital_expenditures": 373000000, "accounts_receivable": 103000000, "inventories": 186000000, "goodwill": 240000000 } ], "segments_note": "Recast: effective in the first quarter of fiscal 2026 Applied Materials moved its 200mm equipment business from Applied Global Services into Semiconductor Systems and began fully allocating corporate support costs to the reportable segments. The prior-year segment figures above are the recast figures as presented in the FY26Q2 10-Q, and therefore do not tie to the segment tables in the FY2025 10-K.", "semiconductor_systems_revenue_mix_pct": { "Foundry, logic and other": 66, "DRAM": 27, "Flash memory (NAND)": 7 }, "revenue_by_geography": { "China": 1774000000, "Korea": 1562000000, "Taiwan": 1997000000, "Japan": 572000000, "Southeast Asia": 135000000, "Asia Pacific total": 6040000000, "United States": 808000000, "Europe": 252000000, "Total": 7100000000 } }, { "label": "FY2026 first half (six months ended April 26, 2026)", "fiscal_year": 2026, "period_type": "six months (year to date)", "period_start": "2025-10-27", "period_end": "2026-04-26", "source_accession": "0001628280-26-037227", "source_form": "10-Q filed 2026-05-21", "income_statement": { "revenue": 14922000000, "cost_of_products_sold": 7540000000, "gross_profit": 7382000000, "gross_margin_pct": 49.5, "research_development_and_engineering": 1955000000, "marketing_and_selling": 455000000, "general_and_administrative": 353000000, "legal_settlement": 253000000, "restructuring_charges": 12000000, "total_operating_expenses": 3028000000, "operating_income": 4354000000, "operating_margin_pct": 29.2, "interest_expense": 138000000, "interest_and_other_income_expense_net": 1337000000, "income_before_income_taxes": 5553000000, "provision_for_income_taxes": 721000000, "effective_tax_rate_pct": 13.0, "net_income": 4832000000, "basic_eps": 6.09, "diluted_eps": 6.05, "basic_shares": 794000000, "diluted_shares": 799000000 }, "cash_flow": { "operating_cash_flow": 2531000000, "depreciation_and_amortization": 262000000, "share_based_compensation": 376000000, "capex": 1281000000, "free_cash_flow": 1250000000, "cash_paid_for_acquisitions_net": 175000000, "dividends_paid": 730000000, "share_repurchases": 737000000, "investing_cash_flow": -1739000000, "financing_cash_flow": -1745000000 }, "per_share": { "dividends_declared_per_share": 0.99, "dividends_declared_total": 785000000 }, "segments": [ { "segment": "Semiconductor Systems", "revenue": 11106000000, "cost_of_products_sold": 5048000000, "gross_profit": 6058000000, "research_development_and_engineering": 1663000000, "selling_general_and_administrative": 623000000, "legal_settlement": 253000000, "restructuring_charges": 0, "operating_income": 3519000000, "depreciation_and_amortization": 182000000, "capital_expenditures": 196000000 }, { "segment": "Applied Global Services", "revenue": 3224000000, "cost_of_products_sold": 2110000000, "gross_profit": 1114000000, "research_development_and_engineering": 38000000, "selling_general_and_administrative": 151000000, "legal_settlement": 0, "restructuring_charges": 0, "operating_income": 925000000, "depreciation_and_amortization": 30000000, "capital_expenditures": 24000000 }, { "segment": "Other", "revenue": 592000000, "cost_of_products_sold": 382000000, "gross_profit": 210000000, "research_development_and_engineering": 254000000, "selling_general_and_administrative": 34000000, "legal_settlement": 0, "restructuring_charges": 12000000, "operating_income": -90000000, "depreciation_and_amortization": 50000000, "capital_expenditures": 1061000000 } ], "semiconductor_systems_revenue_mix_pct": { "Foundry, logic and other": 65, "DRAM": 31, "Flash memory (NAND)": 4 }, "revenue_by_geography": { "China": 4182000000, "Korea": 3030000000, "Taiwan": 3877000000, "Japan": 1148000000, "Southeast Asia": 520000000, "Asia Pacific total": 12757000000, "United States": 1597000000, "Europe": 568000000, "Total": 14922000000 } }, { "label": "FY2025 first half (six months ended April 27, 2025)", "fiscal_year": 2025, "period_type": "six months (year to date)", "period_start": "2024-10-28", "period_end": "2025-04-27", "source_accession": "0001628280-26-037227", "source_form": "10-Q filed 2026-05-21 (prior-year comparative columns)", "income_statement": { "revenue": 14266000000, "cost_of_products_sold": 7285000000, "gross_profit": 6981000000, "gross_margin_pct": 48.9, "research_development_and_engineering": 1752000000, "marketing_and_selling": 422000000, "general_and_administrative": 463000000, "legal_settlement": 0, "restructuring_charges": 0, "total_operating_expenses": 2637000000, "operating_income": 4344000000, "operating_margin_pct": 30.5, "interest_expense": 132000000, "interest_and_other_income_expense_net": 229000000, "income_before_income_taxes": 4441000000, "provision_for_income_taxes": 1119000000, "effective_tax_rate_pct": 25.2, "net_income": 3322000000, "basic_eps": 4.1, "diluted_eps": 4.08, "basic_shares": 811000000, "diluted_shares": 815000000 }, "cash_flow": { "operating_cash_flow": 2496000000, "depreciation_and_amortization": 208000000, "share_based_compensation": 354000000, "capex": 891000000, "free_cash_flow": 1605000000, "cash_paid_for_acquisitions_net": 29000000, "dividends_paid": 651000000, "share_repurchases": 2988000000, "investing_cash_flow": -676000000, "financing_cash_flow": -3689000000 }, "per_share": { "dividends_declared_per_share": 0.86, "dividends_declared_total": 693000000 }, "segments": [ { "segment": "Semiconductor Systems", "revenue": 10998000000, "cost_of_products_sold": 5123000000, "gross_profit": 5875000000, "research_development_and_engineering": 1508000000, "selling_general_and_administrative": 725000000, "operating_income": 3642000000, "depreciation_and_amortization": 142000000, "capital_expenditures": 225000000 }, { "segment": "Applied Global Services", "revenue": 2773000000, "cost_of_products_sold": 1860000000, "gross_profit": 913000000, "research_development_and_engineering": 32000000, "selling_general_and_administrative": 167000000, "operating_income": 714000000, "depreciation_and_amortization": 24000000, "capital_expenditures": 23000000 }, { "segment": "Other", "revenue": 495000000, "cost_of_products_sold": 302000000, "gross_profit": 193000000, "research_development_and_engineering": 212000000, "selling_general_and_administrative": -7000000, "operating_income": -12000000, "depreciation_and_amortization": 42000000, "capital_expenditures": 643000000 } ], "segments_note": "Recast to the fiscal 2026 segment presentation (200mm equipment moved from Applied Global Services to Semiconductor Systems; corporate support costs fully allocated to the reportable segments).", "semiconductor_systems_revenue_mix_pct": { "Foundry, logic and other": 68, "DRAM": 27, "Flash memory (NAND)": 5 }, "revenue_by_geography": { "China": 4017000000, "Korea": 3229000000, "Taiwan": 3180000000, "Japan": 1112000000, "Southeast Asia": 421000000, "Asia Pacific total": 11959000000, "United States": 1725000000, "Europe": 582000000, "Total": 14266000000 } } ], "trailing_twelve_months": { "period_end": "2026-04-26", "basis": "Fiscal 2025 full year plus the six months ended April 26, 2026, less the six months ended April 27, 2025. Built from the FY2025 10-K (accession 0001628280-25-056742) and the FY26Q2 10-Q (accession 0001628280-26-037227); it is a calculated view, not a figure presented in either filing.", "revenue": 29024000000, "gross_profit": 14209000000, "gross_margin_pct": 49.0, "operating_income": 8299000000, "operating_margin_pct": 28.6, "net_income": 8508000000, "net_margin_pct": 29.3, "diluted_eps_sum_of_periods": 10.63, "operating_cash_flow": 7993000000, "capex": 2650000000, "free_cash_flow": 5343000000, "dividends_paid": 1463000000, "share_repurchases": 2644000000 }, "debt_detail": { "as_of": "2026-04-26", "source_accession": "0001628280-26-037227", "aggregate_principal_senior_unsecured_notes": 6500000000, "commercial_paper_outstanding": 0, "commercial_paper_program_capacity": 4000000000, "carrying_value_current_portion_of_long_term_debt": 1199000000, "carrying_value_long_term_debt": 5256000000, "notes": [ "The $1,200 million of 3.300% senior notes due 2027 moved into the current portion of long-term debt at April 26, 2026; total principal outstanding was unchanged at $6.5 billion.", "Estimated fair value of the senior unsecured notes at April 26, 2026 was $4.9 billion (excluding associated interest rate swaps entered into in the first quarter of fiscal 2026), against $5.3 billion of long-term principal.", "At October 26, 2025 the company had $100 million of commercial paper outstanding (weighted-average rate 4.07%, 35-day maturities) plus $6.5 billion of senior unsecured notes; it had no commercial paper outstanding at April 26, 2026." ], "maturity_schedule_principal": { "3.300% Senior Notes due 2027": 1200000000, "4.800% Senior Notes due 2029": 700000000, "1.750% Senior Notes due 2030": 750000000, "4.000% Senior Notes due 2031": 550000000, "5.100% Senior Notes due 2035": 500000000, "4.600% Senior Notes due 2036": 450000000, "5.850% Senior Notes due 2041": 600000000, "4.350% Senior Notes due 2047": 1000000000, "2.750% Senior Notes due 2050": 750000000, "Total principal": 6500000000 } }, "notes": [ "All figures are stated in actual dollars. Both filings present their statements in millions (per-share amounts in dollars), so every dollar amount taken from a statement was multiplied by one million; share counts on the face of the statements are also in millions and were scaled the same way. The one exception is the share count on the 10-Q cover page (793,959,430 shares outstanding at April 26, 2026), which the filing states as an exact number of shares and which is carried through unscaled.", "Annual figures for fiscal 2025, 2024 and 2023 come from the FY2025 10-K (accession 0001628280-25-056742), which presents three years of income statement and cash flow but only two balance-sheet dates. Fiscal 2023 therefore has no complete balance sheet here; the fiscal 2023 balance-sheet amounts that filing does disclose (cash, accounts receivable, inventories, goodwill, total stockholders' equity and period-end shares outstanding) are included and labelled.", "Quarterly and year-to-date figures come from the FY26Q2 10-Q (accession 0001628280-26-037227) for the three and six months ended April 26, 2026, with the prior-year three- and six-month comparatives as presented in that same filing.", "Applied Materials uses a 52/53-week fiscal year ending on the last Sunday of October. Fiscal 2025 (52 weeks) ended October 26, 2025; fiscal 2024 ended October 27, 2024; fiscal 2023 ended October 29, 2023. Period-end dates therefore shift by a few days year to year.", "Revenue is labelled 'Net revenue' in the 10-K and 'Revenue' in the 10-Q; the two are the same line and both are reported here as revenue.", "Free cash flow is calculated as cash provided by operating activities less capital expenditures, both taken directly from the cash flow statement. Neither filing presents free cash flow as a line item.", "Total debt is the sum of short-term debt and long-term debt as carried on the balance sheet. At October 26, 2025 that is $100 million of commercial paper plus $6,455 million of long-term debt; at April 26, 2026 it is $1,199 million (the 3.300% notes due 2027, now current) plus $5,256 million. Aggregate principal of senior unsecured notes was $6.5 billion at both dates.", "Segment presentation changed in fiscal 2026: the 200 millimeter equipment business moved from Applied Global Services into Semiconductor Systems, and corporate support costs are now fully allocated to the reportable segments. Prior-period segment figures were recast in the 10-Q. Because of this, the fiscal 2026 and recast fiscal 2025 quarterly segment tables are not directly comparable to the annual segment tables in the FY2025 10-K, which use the older presentation (with a 'Corporate and Other' category that carried unallocated costs and the Display business). Both presentations are reported here as each filing gives them, and are labelled accordingly.", "In the FY2025 10-K the Display operating segment is no longer reported separately; its results sit inside the 'Corporate and Other' category, which is also where unallocated corporate expense and restructuring charges are carried. That is why 'Corporate and Other' shows revenue alongside a large operating loss.", "Fiscal 2025 includes $181 million of restructuring charges tied to a fourth-quarter workforce reduction plan affecting roughly 4% of the global workforce; there were no restructuring charges in fiscal 2024 or 2023.", "The six months ended April 26, 2026 include a $253 million legal settlement charge. On February 11, 2026 the company settled the U.S. Commerce Department Bureau of Industry and Security inquiry into certain China customer shipments and export controls compliance for $253 million, paid in full during the second quarter of fiscal 2026. The charge is allocated to the Semiconductor Systems segment.", "Interest and other income (expense), net is unusually large and volatile in the most recent periods: $1,251 million in fiscal 2025 (which included a $792 million net gain and impairment reversal on investments) and $1,337 million for the six months ended April 26, 2026 (including $1,138 million of net investment gains). This is investment-portfolio gain, not operating profit, and it inflates net income and reported earnings per share relative to operating income in those periods.", "The effective tax rate swings materially by period \u2014 11.1% in fiscal 2023, 12.0% in fiscal 2024, 24.5% in fiscal 2025, and 13.0% for the six months ended April 26, 2026 (against 25.2% in the prior-year six months). Effective tax rates shown here are calculated from the provision for income taxes divided by income before income taxes as reported.", "Dividends declared per share are taken from the statements of stockholders' equity: $1.22 in fiscal 2023, $1.52 in fiscal 2024, $1.78 in fiscal 2025, $0.86 for the first half of fiscal 2025 and $0.99 for the first half of fiscal 2026. Dividends paid in the cash flow statement differ slightly from dividends declared because of timing.", "Book value per share is calculated as total stockholders' equity divided by shares outstanding at the period end; neither filing presents it as a line item.", "The figures reported here agree with the SEC's XBRL company facts for this company on every item cross-checked, including revenue, net income, total assets, stockholders' equity, operating cash flow, capital expenditures, diluted earnings per share, diluted share count and long-term debt, for all periods presented. No scaling or tagging discrepancy was found.", "No stock splits, no ADR ratio and no currency conversion apply: the company reports in U.S. dollars and no split occurred in or between any of the periods presented." ], "uncertainties": [ "Fiscal 2023 total assets and total debt are left empty. The FY2025 10-K (accession 0001628280-25-056742) presents balance sheets only as of October 26, 2025 and October 27, 2024, so neither figure is available from it, and no older filing was used to fill the gap. Fiscal 2023 total stockholders' equity and period-end shares outstanding are reported, taken from that same filing's consolidated statements of stockholders' equity.", "The 10-Q does not present a three-month cash flow statement, so there is no stand-alone operating cash flow, capital expenditure or free cash flow figure for the quarter ended April 26, 2026 on its own. Cash flow is reported here only for the six-month periods.", "The trailing-twelve-month block is a calculation (fiscal 2025 plus the fiscal 2026 first half, less the fiscal 2025 first half), not a figure either filing presents. The trailing diluted earnings per share shown is the arithmetic sum of the period earnings per share and will differ slightly from net income divided by trailing share count because the weighted-average share count changed across the periods.", "Fiscal 2026 first-quarter results are not broken out separately here. The company's first-quarter fiscal 2026 Form 10-Q is not part of this record, and the second-quarter 10-Q presents only the three- and six-month periods; a first-quarter figure would have to be derived by subtraction rather than read from a statement.", "Segment figures for the fiscal 2025 quarterly comparatives are the recast versions presented in the FY26Q2 10-Q. They will not reconcile to segment figures published in the FY2025 10-K or in filings made before the fiscal 2026 recast.", "Gross margin, operating margin, net margin, effective tax rate and book value per share are calculated from reported figures rather than read from the filings, and may differ in the last decimal from percentages the company shows in its own tables because of rounding at the millions level." ], "company_details": { "Name": "Applied Materials Inc /De", "Ticker": "AMAT", "CIK": "0000006951", "Exchange": "Nasdaq", "State": "California", "Incorporation": "District of Columbia", "SIC": "3674", "Office": "Manufacturing", "Industry": "Semiconductors & Related Devices" }, "next_filing": { "predicted_date": "2026-08-20", "predicted_type": "10-Q" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q2", "tag": "FY26Q2", "period_end": "2026-04-26", "form": "10-Q", "accession": "0001628280-26-037227", "fiscal_year_end": "1026", "source": "facts" } }