← Applied Materials, Inc. (AMAT)

Applied Materials, Inc. (AMAT) Q2 FY2026 Financials: Revenue $7.91B, Net income $2.81B

Q2 FY2026, built from SEC filings. Accession numbers are cited throughout so every figure can be checked against sec.gov. The same data is published as JSON at financials.json for agents that prefer to fetch it directly.

Applied Materials reported $7.91 billion in revenue for Q2 FY2026, the quarter ended April 26, 2026, up 11.4% from a year earlier. Net income was $2.81 billion, up 31.3%, and diluted earnings per share were $3.51 against $2.63 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.

Metric	Amount	vs. year ago
Revenue	$7,910,000,000	up 11.4%
Net income	$2,806,000,000	up 31.3%
Diluted EPS	$3.51	up 33.5%

Download financials.json

About this file

Ticker	AMAT
CIK	0000006951
Company	Applied Materials, Inc.
Business type	industrial
Schema template	standard (industrial/technology), 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	no
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

Annual

	FY2025	FY2024	FY2023
Fiscal year	2025	2024	2023
Period end	2025-10-26	2024-10-27	2023-10-29
Period start	2024-10-28	2023-10-30	2022-10-31
Weeks in period	52	52	52
Source accession	0001628280-25-056742	0001628280-25-056742	0001628280-25-056742
Source form	10-K filed 2025-12-12	10-K filed 2025-12-12 (prior-year comparative columns)	10-K filed 2025-12-12 (earliest comparative column on the income statement and cash flow statement)
Income statement
Revenue	28,368,000,000	27,176,000,000	26,517,000,000
Cost of products sold	14,560,000,000	14,279,000,000	14,133,000,000
Gross profit	13,808,000,000	12,897,000,000	12,384,000,000
Gross margin %	48.7%	47.5%	46.7%
Research development and engineering	3,570,000,000	3,233,000,000	3,102,000,000
Marketing and selling	858,000,000	836,000,000	776,000,000
General and administrative	910,000,000	961,000,000	852,000,000
Restructuring charges	181,000,000	0	0
Total operating expenses	5,519,000,000	5,030,000,000	4,730,000,000
Operating income	8,289,000,000	7,867,000,000	7,654,000,000
Operating margin %	29.2%	28.9%	28.9%
Interest expense	269,000,000	247,000,000	238,000,000
Interest and other income expense net	1,251,000,000	532,000,000	300,000,000
Income before income taxes	9,271,000,000	8,152,000,000	7,716,000,000
Provision for income taxes	2,273,000,000	975,000,000	860,000,000
Effective tax rate %	24.5%	12.0%	11.1%
Net income	6,998,000,000	7,177,000,000	6,856,000,000
Basic EPS	8.71	8.68	8.16
Diluted EPS	8.66	8.61	8.11
Basic shares	804,000,000	827,000,000	840,000,000
Diluted shares	808,000,000	834,000,000	845,000,000
Balance sheet
Cash and cash equivalents	7,241,000,000	8,022,000,000	6,132,000,000
Short term investments	1,332,000,000	1,449,000,000
Long term investments	4,327,000,000	2,787,000,000
Cash and investments total	12,900,000,000	12,258,000,000
Accounts receivable net	5,185,000,000	5,234,000,000	5,165,000,000
Inventories	5,915,000,000	5,421,000,000	5,725,000,000
Other current assets	1,208,000,000	1,094,000,000
Total current assets	20,881,000,000	21,220,000,000
Property plant and equipment net	4,610,000,000	3,339,000,000
Goodwill	3,707,000,000	3,732,000,000	3,732,000,000
Purchased technology and other intangibles net	226,000,000	249,000,000
Deferred income taxes and other assets	2,548,000,000	3,082,000,000
Total assets	36,299,000,000	34,409,000,000	n/a
Short term debt	100,000,000	799,000,000
Accounts payable and accrued expenses	5,333,000,000	4,820,000,000
Contract liabilities	2,566,000,000	2,849,000,000
Total current liabilities	7,999,000,000	8,468,000,000
Long term debt	6,455,000,000	5,460,000,000
Total debt	6,555,000,000	6,259,000,000	n/a
Income taxes payable noncurrent	356,000,000	670,000,000
Other liabilities	1,074,000,000	810,000,000
Total liabilities	15,884,000,000	15,408,000,000
Total equity	20,415,000,000	19,001,000,000	16,349,000,000
Net cash investments less total debt	6,345,000,000	5,999,000,000
Shares outstanding at period end	793,000,000	818,000,000	833,000,000
Book value per share	25.74	23.23	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	7,958,000,000	8,677,000,000	8,700,000,000
Depreciation and amortization	435,000,000	392,000,000	515,000,000
Share based compensation	668,000,000	577,000,000	490,000,000
Capex	2,260,000,000	1,190,000,000	1,106,000,000
Free cash flow	5,698,000,000	7,487,000,000	7,594,000,000
Cash paid for acquisitions net	29,000,000	0	25,000,000
Dividends paid	1,384,000,000	1,192,000,000	975,000,000
Share repurchases	4,895,000,000	3,823,000,000	2,189,000,000
Investing cash flow	-2,782,000,000	-2,327,000,000	-1,535,000,000
Financing cash flow	-5,977,000,000	-4,470,000,000	-3,032,000,000
Per share
Dividends declared per share	1.78	1.52	1.22
Dividends declared total	1,422,000,000	1,252,000,000	1,022,000,000
Segments
1.
Segment	Semiconductor Systems	Semiconductor Systems	Semiconductor Systems
Revenue	20,798,000,000	19,911,000,000	19,698,000,000
Cost of products sold	9,530,000,000	9,379,000,000	9,456,000,000
Gross profit	11,268,000,000	10,532,000,000	10,242,000,000
Research development and engineering	3,042,000,000	2,684,000,000	2,544,000,000
Selling general and administrative	847,000,000	867,000,000	819,000,000
Restructuring charges	0
Operating income	7,379,000,000	6,981,000,000	6,879,000,000
Depreciation and amortization	192,000,000	168,000,000	235,000,000
Capital expenditures	507,000,000	425,000,000	381,000,000
Accounts receivable	3,733,000,000	3,816,000,000	3,943,000,000
Inventories	3,444,000,000	2,988,000,000	3,433,000,000
Goodwill	2,476,000,000	2,460,000,000	2,460,000,000
2.
Segment	Applied Global Services	Applied Global Services	Applied Global Services
Revenue	6,385,000,000	6,225,000,000	5,732,000,000
Cost of products sold	4,251,000,000	4,088,000,000	3,911,000,000
Gross profit	2,134,000,000	2,137,000,000	1,821,000,000
Research development and engineering	126,000,000	114,000,000	101,000,000
Selling general and administrative	216,000,000	211,000,000	191,000,000
Restructuring charges	0
Operating income	1,792,000,000	1,812,000,000	1,529,000,000
Depreciation and amortization	26,000,000	22,000,000	31,000,000
Capital expenditures	57,000,000	35,000,000	39,000,000
Accounts receivable	1,269,000,000	1,297,000,000	1,111,000,000
Inventories	2,301,000,000	2,306,000,000	2,073,000,000
Goodwill	1,032,000,000	1,032,000,000	1,032,000,000
3.
Segment	Corporate and Other	Corporate and Other	Corporate and Other
Revenue	1,185,000,000	1,040,000,000	1,087,000,000
Cost of products sold	779,000,000	812,000,000	766,000,000
Gross profit	406,000,000	228,000,000	321,000,000
Research development and engineering	402,000,000	435,000,000	457,000,000
Selling general and administrative	705,000,000	719,000,000	618,000,000
Restructuring charges	181,000,000
Operating income	-882,000,000	-926,000,000	-754,000,000
Depreciation and amortization	217,000,000	202,000,000	249,000,000
Capital expenditures	1,696,000,000	730,000,000	686,000,000
Accounts receivable	183,000,000	121,000,000	111,000,000
Inventories	170,000,000	127,000,000	219,000,000
Goodwill	199,000,000	240,000,000	240,000,000
Revenue by geography
United States	3,063,000,000	3,818,000,000	4,006,000,000
China	8,529,000,000	10,117,000,000	7,247,000,000
Korea	5,608,000,000	4,493,000,000	4,609,000,000
Taiwan	6,857,000,000	4,010,000,000	5,670,000,000
Japan	2,273,000,000	2,154,000,000	2,075,000,000
Europe	962,000,000	1,443,000,000	2,152,000,000
Southeast Asia	1,076,000,000	1,141,000,000	758,000,000
Total outside United States	25,305,000,000	23,358,000,000	22,511,000,000
Consolidated total	28,368,000,000	27,176,000,000	26,517,000,000

Quarterly

	FY2026 Q2 (three months ended April 26, 2026)	FY2025 Q2 (three months ended April 27, 2025)	FY2026 first half (six months ended April 26, 2026)	FY2025 first half (six months ended April 27, 2025)
Label	FY2026 Q2 (three months ended April 26, 2026)	FY2025 Q2 (three months ended April 27, 2025)	FY2026 first half (six months ended April 26, 2026)	FY2025 first half (six months ended April 27, 2025)
Fiscal year	2026	2025	2026	2025
Fiscal quarter	2	2
Period type	three months	three months	six months (year to date)	six months (year to date)
Period start	2026-01-26	2025-01-27	2025-10-27	2024-10-28
Period end	2026-04-26	2025-04-27	2026-04-26	2025-04-27
Source accession	0001628280-26-037227	0001628280-26-037227	0001628280-26-037227	0001628280-26-037227
Source form	10-Q filed 2026-05-21	10-Q filed 2026-05-21 (prior-year comparative columns)	10-Q filed 2026-05-21	10-Q filed 2026-05-21 (prior-year comparative columns)
Income statement
Revenue	7,910,000,000	7,100,000,000	14,922,000,000	14,266,000,000
Cost of products sold	3,963,000,000	3,615,000,000	7,540,000,000	7,285,000,000
Gross profit	3,947,000,000	3,485,000,000	7,382,000,000	6,981,000,000
Gross margin %	49.9%	49.1%	49.5%	48.9%
Research development and engineering	1,027,000,000	893,000,000	1,955,000,000	1,752,000,000
Marketing and selling	233,000,000	216,000,000	455,000,000	422,000,000
General and administrative	164,000,000	207,000,000	353,000,000	463,000,000
Legal settlement	0	0	253,000,000	0
Restructuring charges	0	0	12,000,000	0
Total operating expenses	1,424,000,000	1,316,000,000	3,028,000,000	2,637,000,000
Operating income	2,523,000,000	2,169,000,000	4,354,000,000	4,344,000,000
Operating margin %	31.9%	30.5%	29.2%	30.5%
Interest expense	69,000,000	68,000,000	138,000,000	132,000,000
Interest and other income expense net	771,000,000	221,000,000	1,337,000,000	229,000,000
Income before income taxes	3,225,000,000	2,322,000,000	5,553,000,000	4,441,000,000
Provision for income taxes	419,000,000	185,000,000	721,000,000	1,119,000,000
Effective tax rate %	13.0%	8.0%	13.0%	25.2%
Net income	2,806,000,000	2,137,000,000	4,832,000,000	3,322,000,000
Basic EPS	3.53	2.64	6.09	4.1
Diluted EPS	3.51	2.63	6.05	4.08
Basic shares	794,000,000	809,000,000	794,000,000	811,000,000
Diluted shares	799,000,000	812,000,000	799,000,000	815,000,000
Balance sheet
As of	2026-04-26
Cash and cash equivalents	6,301,000,000
Short term investments	1,940,000,000
Long term investments	5,142,000,000
Cash and investments total	13,383,000,000
Accounts receivable net	6,372,000,000
Inventories	6,343,000,000
Other current assets	1,615,000,000
Total current assets	22,571,000,000
Property plant and equipment net	5,255,000,000
Goodwill	3,824,000,000
Purchased technology and other intangibles net	330,000,000
Deferred income taxes and other assets	3,164,000,000
Total assets	40,286,000,000
Short term debt	1,199,000,000
Accounts payable and accrued expenses	5,229,000,000
Contract liabilities	2,570,000,000
Total current liabilities	8,998,000,000
Long term debt	5,256,000,000
Total debt	6,455,000,000
Income taxes payable noncurrent	704,000,000
Other liabilities	1,419,000,000
Total liabilities	16,377,000,000
Total equity	23,909,000,000
Net cash investments less total debt	6,928,000,000
Shares outstanding at period end	793,959,430
Book value per share	30.11
Cash flow
Operating cash flow			2,531,000,000	2,496,000,000
Depreciation and amortization			262,000,000	208,000,000
Share based compensation			376,000,000	354,000,000
Capex			1,281,000,000	891,000,000
Free cash flow			1,250,000,000	1,605,000,000
Cash paid for acquisitions net			175,000,000	29,000,000
Dividends paid			730,000,000	651,000,000
Share repurchases			737,000,000	2,988,000,000
Investing cash flow			-1,739,000,000	-676,000,000
Financing cash flow			-1,745,000,000	-3,689,000,000
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	0.46	0.99	0.86
Dividends declared total	420,000,000	368,000,000	785,000,000	693,000,000
Segments
1.
Segment	Semiconductor Systems	Semiconductor Systems	Semiconductor Systems	Semiconductor Systems
Revenue	5,965,000,000	5,401,000,000	11,106,000,000	10,998,000,000
Cost of products sold	2,701,000,000	2,512,000,000	5,048,000,000	5,123,000,000
Gross profit	3,264,000,000	2,889,000,000	6,058,000,000	5,875,000,000
Research development and engineering	865,000,000	774,000,000	1,663,000,000	1,508,000,000
Selling general and administrative	307,000,000	345,000,000	623,000,000	725,000,000
Operating income	2,092,000,000	1,770,000,000	3,519,000,000	3,642,000,000
Depreciation and amortization	101,000,000	73,000,000	182,000,000	142,000,000
Capital expenditures	120,000,000	118,000,000	196,000,000	225,000,000
Accounts receivable	4,820,000,000	4,925,000,000
Inventories	4,309,000,000	3,666,000,000
Goodwill	2,661,000,000	2,544,000,000
Legal settlement			253,000,000
Restructuring charges			0
2.
Segment	Applied Global Services	Applied Global Services	Applied Global Services	Applied Global Services
Revenue	1,665,000,000	1,420,000,000	3,224,000,000	2,773,000,000
Cost of products sold	1,088,000,000	944,000,000	2,110,000,000	1,860,000,000
Gross profit	577,000,000	476,000,000	1,114,000,000	913,000,000
Research development and engineering	20,000,000	18,000,000	38,000,000	32,000,000
Selling general and administrative	70,000,000	80,000,000	151,000,000	167,000,000
Operating income	487,000,000	378,000,000	925,000,000	714,000,000
Depreciation and amortization	16,000,000	12,000,000	30,000,000	24,000,000
Capital expenditures	14,000,000	19,000,000	24,000,000	23,000,000
Accounts receivable	1,265,000,000	1,159,000,000
Inventories	1,852,000,000	1,804,000,000
Goodwill	964,000,000	964,000,000
Legal settlement			0
Restructuring charges			0
3.
Segment	Other	Other	Other	Other
Revenue	280,000,000	279,000,000	592,000,000	495,000,000
Cost of products sold	174,000,000	159,000,000	382,000,000	302,000,000
Gross profit	106,000,000	120,000,000	210,000,000	193,000,000
Research development and engineering	142,000,000	101,000,000	254,000,000	212,000,000
Selling general and administrative	20,000,000	-2,000,000	34,000,000	-7,000,000
Operating income	-56,000,000	21,000,000	-90,000,000	-12,000,000
Depreciation and amortization	18,000,000	18,000,000	50,000,000	42,000,000
Capital expenditures	501,000,000	373,000,000	1,061,000,000	643,000,000
Accounts receivable	287,000,000	103,000,000
Inventories	182,000,000	186,000,000
Goodwill	199,000,000	240,000,000
Legal settlement			0
Restructuring charges			12,000,000
Semiconductor systems revenue mix %
Foundry, logic and other	67	66	65	68
DRAM	29	27	31	27
Flash memory (NAND)	4	7	4	5
Revenue by geography
China	2,087,000,000	1,774,000,000	4,182,000,000	4,017,000,000
Korea	1,572,000,000	1,562,000,000	3,030,000,000	3,229,000,000
Taiwan	2,155,000,000	1,997,000,000	3,877,000,000	3,180,000,000
Japan	623,000,000	572,000,000	1,148,000,000	1,112,000,000
Southeast Asia	185,000,000	135,000,000	520,000,000	421,000,000
Asia Pacific total	6,622,000,000	6,040,000,000	12,757,000,000	11,959,000,000
United States	941,000,000	808,000,000	1,597,000,000	1,725,000,000
Europe	347,000,000	252,000,000	568,000,000	582,000,000
Total	7,910,000,000	7,100,000,000	14,922,000,000	14,266,000,000
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.
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.		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).

Trailing twelve months

	2026-04-26
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	29,024,000,000
Gross profit	14,209,000,000
Gross margin %	49.0%
Operating income	8,299,000,000
Operating margin %	28.6%
Net income	8,508,000,000
Net margin %	29.3%
Diluted EPS sum of periods	10.63
Operating cash flow	7,993,000,000
Capex	2,650,000,000
Free cash flow	5,343,000,000
Dividends paid	1,463,000,000
Share repurchases	2,644,000,000

Units notes seen

	Value
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

Adjustments

	Value
Splits applied	none
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	n/a
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.

Debt detail

	Value
As of	2026-04-26
Source accession	0001628280-26-037227
Aggregate principal senior unsecured notes	6,500,000,000
Commercial paper outstanding	0
Commercial paper program capacity	4,000,000,000
Carrying value current portion of long term debt	1,199,000,000
Carrying value long term debt	5,256,000,000
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	1,200,000,000
4.800% Senior Notes due 2029	700,000,000
1.750% Senior Notes due 2030	750,000,000
4.000% Senior Notes due 2031	550,000,000
5.100% Senior Notes due 2035	500,000,000
4.600% Senior Notes due 2036	450,000,000
5.850% Senior Notes due 2041	600,000,000
4.350% Senior Notes due 2047	1,000,000,000
2.750% Senior Notes due 2050	750,000,000
Total principal	6,500,000,000

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, 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

	Value
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

	Value
Predicted date	2026-08-20
Predicted type	10-Q

Fiscal period

	FY2026
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

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