APPLIED MATERIALS INC /DE financials
AMAT CIK 0000006951
Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T09:54:16Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 5.70B | 7.49B | 7.59B | 4.61B | 4.77B | 3.38B |
| EBITDA | 8.72B | 8.26B | 8.17B | 8.23B | 7.28B | 4.74B |
| Working Capital | 12.88B | 12.75B | 11.78B | 8.55B | 9.76B | 8.91B |
| Net Debt | -191.00M | -717.00M | -133.00M | 3.83B | 758.00M | 356.00M |
| Gross Margin | 48.67% | 47.46% | 46.70% | 46.51% | 47.32% | 44.72% |
| Operating Margin | 29.22% | 28.95% | 28.86% | 30.20% | 29.87% | 25.38% |
| Net Margin | 24.67% | 26.41% | 25.86% | 25.31% | 25.53% | 21.04% |
| Return on Equity (ROE) | 34.28% | 37.77% | 41.94% | 53.51% | 48.08% | 34.21% |
| Return on Assets (ROA) | 19.28% | 20.86% | 22.31% | 24.41% | 22.80% | 16.19% |
| Current Ratio | 2.6105 | 2.5059 | 2.5973 | 2.1582 | 2.5389 | 2.9982 |
| Debt-to-Equity | 0.3453 | 0.3845 | 0.3669 | 0.478 | 0.4697 | 0.5395 |
| Effective Tax Rate | 24.52% | 11.96% | 11.15% | 14.13% | 13.04% | 13.13% |
| Cash Conversion Ratio | 1.1372 | 1.209 | 1.269 | 0.8274 | 0.9243 | 1.0511 |
| Accruals Ratio | -0.0264 | -0.0436 | -0.06 | 0.0421 | 0.0173 | -0.0083 |
| SBC % of Revenue | 2.35% | 2.12% | 1.85% | 1.60% | 1.50% | 1.78% |
| CapEx Coverage | 3.5212 | 7.2916 | 7.8662 | 6.8602 | 8.1467 | 9.0142 |
| Free Cash Flow Per Share | $7.05 | $8.98 | $8.99 | $5.26 | $5.19 | $3.66 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 26.4145 | 21.6632 | 16.1899 | 12.0591 | 21.3516 | 15.5485 |
| P/FCF | 32.4376 | 20.7771 | 14.61 | 17.0609 | 26.3052 | 16.6344 |
| FCF Yield | 3.08% | 4.81% | 6.84% | 5.86% | 3.80% | 6.01% |
| EV / EBITDA | 20.7712 | 18.3868 | 13.3725 | 9.6644 | 16.8406 | 11.8254 |
| P/S | 6.3945 | 5.6143 | 4.1246 | 2.9367 | 5.2852 | 3.2385 |
| P/B | 8.8856 | 8.0298 | 6.6899 | 6.2099 | 9.9528 | 5.2664 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 28.37B | 27.18B | 26.52B | 25.79B | 23.06B | 17.20B |
| Cost of Goods and Services Sold | 14.56B | 14.28B | 14.13B | 13.79B | 12.15B | 9.51B |
| Gross Profit | 13.81B | 12.90B | 12.38B | 11.99B | 10.91B | 7.69B |
| Research and Development Expense | 3.57B | 3.23B | 3.10B | 2.77B | 2.48B | 2.23B |
| Selling, General and Administrative Expense | 1.77B | 1.80B | 1.63B | — | — | — |
| Operating Expenses | 5.52B | 5.03B | 4.73B | 4.21B | 4.03B | 3.33B |
| Operating Income (Loss) | 8.29B | 7.87B | 7.65B | 7.79B | 6.89B | 4.37B |
| Income Tax Expense (Benefit) | 2.27B | 975.00M | 860.00M | 1.07B | 883.00M | 547.00M |
| Net Income (Loss) Attributable to Parent | 7.00B | 7.18B | 6.86B | 6.53B | 5.89B | 3.62B |
| Earnings Per Share, Basic | $8.71 | $8.68 | $8.16 | $7.49 | $6.47 | $3.95 |
| Weighted Average Number of Shares Outstanding, Basic | 804.00M | 827.00M | 840.00M | 871.00M | 910.00M | 916.00M |
| Earnings Per Share, Diluted | $8.66 | $8.61 | $8.11 | $7.44 | $6.40 | $3.92 |
| Weighted Average Number of Shares Outstanding, Diluted | 808.00M | 834.00M | 845.00M | 877.00M | 919.00M | 923.00M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 7.24B | 8.02B | 6.13B | 2.00B | 5.00B | 5.35B |
| Assets, Current | 20.88B | 21.22B | 19.15B | 15.93B | 16.11B | 13.37B |
| Assets | 36.30B | 34.41B | 30.73B | 26.73B | 25.82B | 22.35B |
| Long-term Debt | — | — | — | — | — | 5.45B |
| Liabilities, Current | 8.00B | 8.47B | 7.37B | 7.38B | 6.34B | 4.46B |
| Long-term Debt, Excluding Current Maturities | 6.46B | 5.46B | 5.46B | 5.46B | 5.45B | 5.45B |
| Liabilities | 15.88B | 15.41B | 14.38B | 14.53B | 13.58B | 11.78B |
| Stockholders' Equity Attributable to Parent | 20.41B | 19.00B | 16.35B | 12.19B | 12.25B | 10.58B |
| Common Stock, Shares, Outstanding | 793.00M | 818.00M | 833.00M | 844.00M | 892.00M | 914.00M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 7.96B | 8.68B | 8.70B | 5.40B | 5.44B | 3.80B |
| Payments to Acquire Property, Plant, and Equipment | 2.26B | 1.19B | 1.11B | 787.00M | 668.00M | 422.00M |
| Net Cash Provided by (Used in) Investing Activities | -2.78B | -2.33B | -1.53B | -1.36B | -1.22B | -130.00M |
| Payments for Repurchase of Common Stock | 4.89B | 3.82B | 2.19B | 6.10B | 3.75B | 649.00M |
| Payments of Dividends | 1.38B | 1.19B | 975.00M | 873.00M | 838.00M | 787.00M |
| Net Cash Provided by (Used in) Financing Activities | -5.98B | -4.47B | -3.03B | -7.04B | -4.59B | -1.34B |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 1.04B | 2.04B | 3.65B | 1.60B | 544.00M | 2.17B |
| EBITDA | 1.96B | 1.83B | 2.55B | 2.38B | 2.28B | 2.16B |
| Working Capital | 13.30B | 12.88B | 11.84B | 11.71B | 12.96B | 12.75B |
| Net Debt | -28.00M | -191.00M | 2.08B | 1.20B | 1.02B | -717.00M |
| Gross Margin | 48.99% | 48.01% | 48.78% | 49.08% | 48.79% | 47.34% |
| Operating Margin | 26.11% | 25.18% | 30.58% | 30.55% | 30.35% | 29.04% |
| Net Margin | 28.89% | 27.90% | 24.36% | 30.10% | 16.54% | 24.57% |
| Return on Equity (ROE) | 9.33% | 9.29% | 9.12% | 11.27% | 6.36% | 9.11% |
| Return on Assets (ROA) | 5.38% | 5.23% | 5.20% | 6.35% | 3.55% | 5.03% |
| Current Ratio | 2.7149 | 2.6105 | 2.5013 | 2.4647 | 2.675 | 2.5059 |
| Debt-to-Equity | 0.3311 | 0.3453 | 0.3826 | 0.3887 | 0.3913 | 0.3845 |
| Effective Tax Rate | 12.97% | 16.32% | 30.59% | 7.97% | 44.08% | 8.65% |
| Cash Conversion Ratio | 0.8322 | 1.4908 | 2.8836 | 1.168 | 0.7806 | 1.4876 |
| Accruals Ratio | 0.009 | -0.0256 | -0.098 | -0.0107 | 0.0078 | -0.0245 |
| SBC % of Revenue | 2.95% | 2.29% | 7.01% | 4.99% | 2.72% | 2.00% |
| CapEx Coverage | 2.6099 | 3.6025 | 3.478 | 2.8013 | 2.4278 | 6.3268 |
| Free Cash Flow Per Share | $1.30 | $2.53 | $4.56 | $1.98 | $0.66 | $2.60 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 33.0307 | 26.3841 | 22.1323 | 18.4367 | 24.4118 | 21.6632 |
| EV / EBITDA | 29.5529 | 20.0518 | 16.1206 | 13.7501 | 17.5787 | 17.788 |
| P/S | 9.1296 | 6.3945 | 5.2047 | 4.381 | 5.5346 | 5.6143 |
| P/B | 11.8608 | 8.8856 | 7.6355 | 6.4901 | 8.212 | 8.0298 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 7.01B | 6.80B | 7.30B | 7.10B | 7.17B | 7.04B |
| Cost of Goods and Services Sold | 3.58B | 3.54B | 3.74B | 3.62B | 3.67B | 3.71B |
| Gross Profit | 3.44B | 3.27B | 3.56B | 3.48B | 3.50B | 3.33B |
| Research and Development Expense | 928.00M | 917.00M | 901.00M | 893.00M | 859.00M | 858.00M |
| Selling, General and Administrative Expense | 411.00M | — | — | — | 462.00M | — |
| Operating Expenses | 1.60B | 1.55B | 1.33B | 1.32B | 1.32B | 1.29B |
| Operating Income (Loss) | 1.83B | 1.71B | 2.23B | 2.17B | 2.17B | 2.05B |
| Income Tax Expense (Benefit) | 302.00M | 370.00M | 784.00M | 185.00M | 934.00M | 164.00M |
| Net Income (Loss) Attributable to Parent | 2.03B | 1.90B | 1.78B | 2.14B | 1.19B | 1.73B |
| Earnings Per Share, Basic | $2.55 | $2.39 | $2.23 | $2.64 | $1.46 | $2.11 |
| Weighted Average Number of Shares Outstanding, Basic | 793.00M | 804.00M | 798.00M | 809.00M | 814.00M | 827.00M |
| Earnings Per Share, Diluted | $2.54 | $2.37 | $2.22 | $2.63 | $1.45 | $2.09 |
| Weighted Average Number of Shares Outstanding, Diluted | 799.00M | 808.00M | 802.00M | 812.00M | 819.00M | 834.00M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 7.22B | 7.24B | 5.38B | 6.17B | 6.26B | 8.02B |
| Assets, Current | 21.05B | 20.88B | 19.72B | 19.71B | 20.69B | 21.22B |
| Assets | 37.64B | 36.30B | 34.21B | 33.63B | 33.34B | 34.41B |
| Liabilities, Current | 7.75B | 8.00B | 7.88B | 8.00B | 7.74B | 8.47B |
| Long-term Debt, Excluding Current Maturities | 6.45B | 6.46B | 5.46B | 5.46B | 5.46B | 5.46B |
| Liabilities | 15.93B | 15.88B | 14.71B | 14.67B | 14.71B | 15.41B |
| Stockholders' Equity Attributable to Parent | 21.72B | 20.41B | 19.50B | 18.96B | 18.63B | 19.00B |
| Common Stock, Shares, Outstanding | — | 793.00M | — | — | — | 818.00M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.69B | 2.83B | 5.13B | 2.50B | 925.00M | 2.58B |
| Payments to Acquire Property, Plant, and Equipment | 646.00M | 785.00M | 1.48B | 891.00M | 381.00M | 407.00M |
| Net Cash Provided by (Used in) Investing Activities | -780.00M | -139.00M | -2.64B | -676.00M | -897.00M | -1.07B |
| Payments for Repurchase of Common Stock | 337.00M | 851.00M | 4.04B | 2.99B | 1.32B | 1.44B |
| Payments of Dividends | 365.00M | 365.00M | 1.02B | 651.00M | 326.00M | 329.00M |
| Net Cash Provided by (Used in) Financing Activities | -931.00M | -831.00M | -5.15B | -3.69B | -1.79B | -1.77B |
Raw XBRL tagging for a single filing
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with a fallback chain). Non-USD rows, rows without a
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Income Statement
26 concepts 3 units Unit US$ · 19 concepts
Unit shares · 4 concepts
| Label | Value | Period |
|---|---|---|
| Weighted Average Number of Shares Outstanding, Basic | 793.00M | 2025-10-27 → 2026-01-25 |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1.00M | 2025-10-27 → 2026-01-25 |
| Weighted Average Number of Shares Outstanding, Diluted | 799.00M | 2025-10-27 → 2026-01-25 |
| Weighted Average Number Diluted Shares Outstanding Adjustment | 6.00M | 2025-10-27 → 2026-01-25 |
Unit US$ / share · 3 concepts
| Label | Value | Period |
|---|---|---|
| Earnings Per Share, Basic | $2.55 | 2025-10-27 → 2026-01-25 |
| Earnings Per Share, Diluted | $2.54 | 2025-10-27 → 2026-01-25 |
| Common Stock, Dividends, Per Share, Declared | $0.46 | 2025-10-27 → 2026-01-25 |
Comprehensive Income
4 concepts 1 unit Unit US$ · 4 concepts
| Label | Value | Period |
|---|---|---|
| Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent | -5.00M | 2025-10-27 → 2026-01-25 |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | 5.00M | 2025-10-27 → 2026-01-25 |
| Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 0 | 2025-10-27 → 2026-01-25 |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 2.03B | 2025-10-27 → 2026-01-25 |
Balance Sheet
44 concepts 1 unit Unit US$ · 44 concepts
Cash Flow Statement
28 concepts 1 unit Unit US$ · 28 concepts
Notes
43 concepts 5 units Unit US$ · 39 concepts
Unit shares · 1 concept
| Label | Value | Period |
|---|---|---|
| Treasury Stock, Shares, Acquired | 1.00M | 2025-10-27 → 2026-01-25 |
Unit US$ / share · 1 concept
| Label | Value | Period |
|---|---|---|
| Treasury Stock Acquired, Average Cost Per Share | $259.17 | 2025-10-27 → 2026-01-25 |
Unit pure · 1 concept
| Label | Value | Period |
|---|---|---|
| Effective Income Tax Rate Reconciliation, Percent | 0.13 | 2025-10-27 → 2026-01-25 |
Unit segment · 1 concept
| Label | Value | Period |
|---|---|---|
| Number of Reportable Segments | 2 | 2025-10-27 → 2026-01-25 |
Other
3 concepts 2 units Unit US$ · 1 concept
| Label | Value | Period |
|---|---|---|
| Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture | -229.00M | 2025-10-27 → 2026-01-25 |
Unit shares · 2 concepts
| Label | Value | Period |
|---|---|---|
| Stock Issued During Period, Shares, Employee Stock Purchase Plans | 0 | 2025-10-27 → 2026-01-25 |
| Entity Common Stock, Shares Outstanding | 793.61M | as of 2026-01-25 |
Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (AMAT CIK 0000006951),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.