Financials · AMAT

Applied Materials Inc. (AMAT) financials

For the twelve months ended Jul 26, 2026, Applied Materials Inc. reported $30.84B of revenue and $9.27B of net income.

Revenue, TTM
$30.84B
Revenue growth, YoY
+7.8%
Net income, TTM
$9.27B
Net income growth, YoY
+35.6%
Net margin
30.1%
Free cash flow, TTM
$5.62B
EPS, diluted, TTM
$11.58
EPS growth, YoY
+38.0%
Cash
$7.04B
Total debt
$6.44B
P/E
28.49
P/S
8.56
Market cap
$264.05B
Annual revenue$28.37B
FY2016FY2025
Annual net income$7.00B
FY2016FY2025
Annual free cash flow$5.70B
FY2016FY2025

AMAT revenue and earnings growth

AMAT revenueQ3 2026$9.12B

Quarter YoY
+24.8%
QoQ
+15.2%
FY YoY
+4.4%
5Y CAGR
+10.5%
10Y CAGR
+11.4%

AMAT revenue was $9.12B in fiscal Q3 2026 (ended Jul 26, 2026), up 24.8% from a year earlier and up 15.2% from the prior quarter. For the full fiscal 2025 it was $28.37B, up 4.4% from fiscal 2024. Compound annual growth was +10.5% over 5 years and +11.4% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

AMAT net incomeQ3 2026$2.54B

Quarter YoY
+42.7%
QoQ
-9.6%
FY YoY
-2.5%
5Y CAGR
+14.1%
10Y CAGR
+17.7%

AMAT net income was $2.54B in fiscal Q3 2026 (ended Jul 26, 2026), up 42.7% from a year earlier and down 9.6% from the prior quarter. For the full fiscal 2025 it was $7.00B, down 2.5% from fiscal 2024. Compound annual growth was +14.1% over 5 years and +17.7% over 10 years. It rose in 7 of the last 10 fiscal years.

AMAT EPSQ3 2026$3.17

Quarter YoY
+42.8%
QoQ
-9.7%
FY YoY
+0.6%
5Y CAGR
+17.2%
10Y CAGR
+22.7%

AMAT diluted EPS was $3.17 in fiscal Q3 2026 (ended Jul 26, 2026), up 42.8% from a year earlier and down 9.7% from the prior quarter. For the full fiscal 2025 it was $8.66, up 0.6% from fiscal 2024. Compound annual growth was +17.2% over 5 years and +22.7% over 10 years.

AMAT free cash flowQ3 2026$2.33B

Quarter YoY
+13.7%
QoQ
11x
FY YoY
-23.9%
5Y CAGR
+11.0%
10Y CAGR
+19.6%

AMAT free cash flow was $2.33B in fiscal Q3 2026 (ended Jul 26, 2026), up 13.7% from a year earlier and up about 11-fold from the prior quarter. For the full fiscal 2025 it was $5.70B, down 23.9% from fiscal 2024. Compound annual growth was +11.0% over 5 years and +19.6% over 10 years. It rose in 5 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Oct 26, 2025
Oct 27, 2024
Oct 29, 2023
Oct 30, 2022
Oct 31, 2021
Oct 25, 2020
Oct 27, 2019
Oct 28, 2018
Oct 29, 2017
Oct 30, 2016
Revenue$28.37B$27.18B$26.52B$25.79B$23.06B$17.20B$14.61B$16.70B$14.70B$10.82B
Cost of revenue$14.56B$14.28B$14.13B$13.79B$12.15B$9.51B$8.22B$9.19B$8.09B$6.31B
Gross profit$13.81B$12.90B$12.38B$11.99B$10.91B$7.69B$6.39B$7.52B$6.61B$4.51B
Research and development$3.57B$3.23B$3.10B$2.77B$2.48B$2.23B$2.05B$2.02B$1.78B$1.54B
Selling, general and admin$1.77B$1.80B$1.63B$735.00M$620.00M$567.00M$461.00M$483.00M$438.00M$390.00M
Operating income$8.29B$7.87B$7.65B$7.79B$6.89B$4.37B$3.35B$4.49B$3.94B$2.15B
Interest expense$269.00M$247.00M$238.00M$228.00M$236.00M$240.00M$237.00M$234.00M$198.00M$155.00M
Pre-tax income$9.27B$8.15B$7.72B$7.60B$6.77B$4.17B$3.27B$4.40B$3.82B$2.01B
Income tax$2.27B$975.00M$860.00M$1.07B$883.00M$547.00M$563.00M$1.36B$297.00M$292.00M
Net income$7.00B$7.18B$6.86B$6.53B$5.89B$3.62B$2.71B$3.04B$3.52B$1.72B
EPS, basic$8.71$8.68$8.16$7.49$6.47$3.95$2.89$3.00$3.28$1.56
EPS, diluted$8.66$8.61$8.11$7.44$6.40$3.92$2.86$2.96$3.25$1.54
Diluted shares808.0M834.0M845.0M877.0M919.0M923.0M945.0M1.03B1.08B1.12B

Balance sheet

Balance sheet
Line item
Oct 26, 2025
Oct 27, 2024
Oct 29, 2023
Oct 30, 2022
Oct 31, 2021
Oct 25, 2020
Oct 27, 2019
Oct 28, 2018
Oct 29, 2017
Oct 30, 2016
Cash and equivalents$7.24B$8.11B$6.13B$2.10B$5.10B$5.47B$3.13B$3.44B$5.01B$3.41B
Short-term investments$1.33B$1.45B$737.00M$586.00M$464.00M$387.00M$489.00M$590.00M$2.27B$343.00M
Receivables$5.18B$5.23B$5.17B$6.07B$4.95B$2.96B$2.53B$2.32B$2.34B$2.28B
Inventory$5.92B$5.42B$5.72B$5.93B$4.31B$3.90B$3.47B$3.72B$2.71B$2.05B
Current assets$20.88B$21.22B$19.15B$15.93B$16.11B$13.37B$10.21B$10.60B$12.92B$8.35B
Goodwill$3.71B$3.73B$3.73B$3.70B$3.48B$3.47B$3.40B$3.37B$3.37B$3.32B
Total assets$36.30B$34.41B$30.73B$26.73B$25.82B$22.35B$19.02B$17.63B$19.42B$14.57B
Current liabilities$8.00B$8.47B$7.37B$7.38B$6.34B$4.46B$4.45B$3.92B$4.12B$3.63B
Short-term debt$0$700.00M$0$0-$0$600.00M$0$0$200.00M
Long-term debt$6.46B$5.46B$5.46B$5.46B$5.45B$5.45B$4.71B$5.31B$5.30B$3.13B
Total debt$6.46B$6.16B$5.46B$5.46B$5.45B$5.45B$5.31B$5.31B$5.30B$3.33B
Total liabilities$15.88B$15.41B$14.38B$14.53B$13.58B$11.78B$10.81B$10.79B$10.07B$7.35B
Shareholders' equity$20.41B$19.00B$16.35B$12.19B$12.25B$10.58B$8.21B$6.84B$9.63B$7.41B

Cash flow

Cash flow
Line item
Oct 26, 2025
Oct 27, 2024
Oct 29, 2023
Oct 30, 2022
Oct 31, 2021
Oct 25, 2020
Oct 27, 2019
Oct 28, 2018
Oct 29, 2017
Oct 30, 2016
Operating cash flow$7.96B$8.68B$8.70B$5.40B$5.44B$3.80B$3.25B$3.79B$3.79B$2.57B
Capital expenditures$2.26B$1.19B$1.11B$787.00M$668.00M$422.00M$441.00M$622.00M$345.00M$253.00M
Free cash flow$5.70B$7.49B$7.59B$4.61B$4.77B$3.38B$2.81B$3.17B$3.44B$2.31B
Investing cash flow-$2.78B-$2.33B-$1.53B-$1.36B-$1.22B-$130.00M-$443.00M$571.00M-$2.53B-$425.00M
Financing cash flow-$5.98B-$4.47B-$3.03B-$7.04B-$4.59B-$1.34B-$3.12B-$5.93B$341.00M-$3.53B
Dividends paid$1.38B$1.19B$975.00M$873.00M$838.00M$787.00M$771.00M$605.00M$430.00M$444.00M
Share repurchases$4.89B$3.82B$2.19B$6.10B$3.75B$649.00M$2.40B$5.28B$1.17B$1.89B
Stock-based compensation$668.00M$577.00M$490.00M$413.00M$346.00M$307.00M$263.00M$258.00M$220.00M$201.00M
Depreciation and amortization$435.00M$392.00M$515.00M$444.00M$394.00M$376.00M$363.00M$457.00M$407.00M$389.00M

Key ratios

Key ratios
Line item
Oct 26, 2025
Oct 27, 2024
Oct 29, 2023
Oct 30, 2022
Oct 31, 2021
Oct 25, 2020
Oct 27, 2019
Oct 28, 2018
Oct 29, 2017
Oct 30, 2016
Revenue growth, YoY4.4%2.5%2.8%11.8%34.1%17.8%-12.6%13.7%35.8%12.1%
Net income growth, YoY-2.5%4.7%5.1%10.8%62.7%33.7%-10.9%-13.7%104.5%25.0%
EPS growth, YoY0.6%6.2%9.0%16.3%63.3%37.1%-3.4%-8.9%111.0%37.5%
Gross margin48.7%47.5%46.7%46.5%47.3%44.7%43.7%45.0%45.0%41.7%
Operating margin29.2%28.9%28.9%30.2%29.9%25.4%22.9%26.9%26.8%19.9%
Net margin24.7%26.4%25.9%25.3%25.5%21.0%18.5%18.2%23.9%15.9%
Free cash flow margin20.1%27.6%28.6%17.9%20.7%19.7%19.2%18.9%23.4%21.4%
Return on equity34.3%37.8%41.9%53.5%48.1%34.2%32.9%44.4%36.5%23.2%
Return on assets19.3%20.9%22.3%24.4%22.8%16.2%14.2%17.2%18.1%11.8%
Current ratio2.612.512.602.162.543.002.302.703.142.30
Debt to equity0.320.320.330.450.450.520.650.780.550.45

Source: XBRL data Applied Materials Inc. files with the SEC, latest filing dated Aug 20, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

AMAT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
AMAT$30.84B+7.8%$9.27B30.1%$264.05B
NVDA$302.97B+83.4%$192.88B63.7%$4.50T
TSMNT$3.81T+31.6%NT$1.70T44.6%$1.95T
AVGO$89.10B+48.7%$38.27B42.9%$1.40T
MU$133.19B+256.3%$84.97B63.8%$780.68B
AMD$45.44B+41.9%$7.62B16.8%$736.46B
INTC$59.89B+12.1%-$12.03B-20.1%$299.10B
TXN$20.77B+20.3%$7.11B34.3%$253.44B

AMAT FAQ

9 questions
  • What is AMAT revenue?
    Applied Materials Inc. (AMAT) reported $30.84B of revenue for the twelve months ended Jul 26, 2026. That is up 7.8% from the year before. Revenue for fiscal 2025 was $28.37B.
  • Is AMAT profitable?
    Yes. Applied Materials Inc. earned $9.27B in net income for the twelve months ended Jul 26, 2026, a net margin of 30.1%.
  • How much cash and debt does AMAT have?
    Applied Materials Inc. reported $7.04B in cash and cash equivalents and $6.44B of debt on its most recent balance sheet in SEC filings.
  • How fast is AMAT revenue growing?
    Applied Materials Inc.'s revenue changed +4.4% in fiscal 2025, to $28.37B. Its compound annual growth rate was +10.5% over 5 years and +11.4% over 10 years.
  • What is AMAT gross margin?
    Applied Materials Inc.'s gross profit was $15.23B on $30.84B of revenue for the twelve months ended Jul 26, 2026, a gross margin of 49.4%.
  • What is AMAT free cash flow?
    Applied Materials Inc. generated $5.62B of free cash flow for the twelve months ended Jul 26, 2026, which is operating cash flow of $8.40B less capital expenditures.
  • What is AMAT earnings per share?
    Diluted earnings per share were $11.58 for the twelve months ended Jul 26, 2026, from SEC filings, restated for any stock split those filings show.
  • When did AMAT last report financial results?
    The latest statements here come from Applied Materials Inc.'s 10-Q filed on Aug 20, 2026, covering the period ended Jul 26, 2026.
  • Where does this AMAT financial data come from?
    Quantisnow builds these statements from the structured XBRL data Applied Materials Inc. files with the SEC. It is provided for information only and is not investment advice.