Applied Materials Inc (AMAT) Financial Statements
Industry: Semiconductors & Related Devices
In fiscal 2025, Applied Materials reported revenue of $28.37B, up 4.4% from $27.18B the year before. Net income was $7.00B (a 24.7% net margin), or $8.66 per diluted share. Gross margin was 48.7% and operating margin was 29.2%. Operating activities generated $7.96B of cash, leaving $5.70B of free cash flow. At fiscal year end, Applied Materials held $36.30B in total assets against $15.88B in total liabilities, including $7.24B of cash and equivalents.
Open the full interactive Applied Materials financials → Quarterly statements, key ratios, valuation history and price charts.
Applied Materials Key Stats
| Share Price | $464.24 |
|---|---|
| Market Cap | $371.39B |
| P/E Ratio | 53.6 |
| Dividend Yield | 0.41% |
| Revenue YoY Growth | +4.4% |
| 52-Week Range | $216.99 – $722.23 |
| Shares Outstanding | 794.0 million (basic, 2026 Q3) |
Applied Materials Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $17.20B | $23.06B | $25.79B | $26.52B | $27.18B | $28.37B |
| Cost of Goods Sold | $9.51B | $12.15B | $13.79B | $14.13B | $14.28B | $14.56B |
| Gross Profit | $7.69B | $10.91B | $11.99B | $12.38B | $12.90B | $13.81B |
| Operating Income | $4.37B | $6.89B | $7.79B | $7.65B | $7.87B | $8.29B |
| Pre-Tax Income | $4.17B | $6.77B | $7.60B | $7.72B | $8.15B | $9.27B |
| Income Tax | $547.0M | $883.0M | $1.07B | $860.0M | $975.0M | $2.27B |
| Net Income | $3.62B | $5.89B | $6.53B | $6.86B | $7.18B | $7.00B |
| Diluted EPS | $3.92 | $6.40 | $7.44 | $8.11 | $8.61 | $8.66 |
Applied Materials Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $6.80B | $7.01B | $7.91B | $9.12B |
| Net Income | $1.90B | $2.03B | $2.81B | $2.54B |
| Diluted EPS | $2.35 | $2.54 | $3.51 | $3.17 |
Applied Materials Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.35B | $5.00B | $2.00B | $6.13B | $8.02B | $7.24B |
| Current Assets | $13.37B | $16.11B | $15.93B | $19.15B | $21.22B | $20.88B |
| Total Assets | $22.35B | $25.82B | $26.73B | $30.73B | $34.41B | $36.30B |
| Current Liabilities | $4.46B | $6.34B | $7.38B | $7.37B | $8.47B | $8.00B |
| Total Long-Term Debt | $5.45B | $5.45B | $5.46B | $5.46B | $6.16B | $6.46B |
| Total Liabilities | $11.78B | $13.58B | $14.53B | $14.38B | $15.41B | $15.88B |
| Shareholders' Equity | $10.58B | $12.25B | $12.19B | $16.35B | $19.00B | $20.41B |
Applied Materials Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.80B | $5.44B | $5.40B | $8.70B | $8.68B | $7.96B |
| Cash From Investing | -$130.0M | -$1.22B | -$1.36B | -$1.53B | -$2.33B | -$2.78B |
| Cash From Financing | -$1.34B | -$4.59B | -$7.04B | -$3.03B | -$4.47B | -$5.98B |
| Free Cash Flow | $3.38B | $4.77B | $4.61B | $7.59B | $7.49B | $5.70B |
| Dividends Paid | $787.0M | $838.0M | $873.0M | $975.0M | $1.19B | $1.38B |
Figures from Applied Materials' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Applied Materials financials page for every line item.
Applied Materials Company Profile
| Ticker | AMAT |
|---|---|
| Exchange | Nasdaq |
| Industry | Semiconductors & Related Devices |
| Headquarters | Santa Clara, California |
| Incorporated in | District of Columbia |
| Fiscal Year End | October 26 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000006951 |
Frequently Asked Questions
What was Applied Materials' revenue in fiscal 2025?
Applied Materials (AMAT) reported revenue of $28.37B for fiscal 2025.
What is Applied Materials' annual revenue history?
Applied Materials' annual revenue by fiscal year: 2020: $17.20B; 2021: $23.06B; 2022: $25.79B; 2023: $26.52B; 2024: $27.18B; 2025: $28.37B.
What was Applied Materials' net income in fiscal 2025?
Applied Materials reported net income of $7.00B for fiscal 2025.
What was Applied Materials' earnings per share (EPS) in fiscal 2025?
Applied Materials' diluted EPS was $8.66 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Applied Materials generate in fiscal 2025?
Applied Materials generated $5.70B of free cash flow in fiscal 2025.
What was Applied Materials' revenue last quarter?
In its most recent reported quarter (2026 Q3), Applied Materials reported revenue of $9.12B.
How much debt does Applied Materials have?
Applied Materials reported $6.46B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Applied Materials are outstanding?
Applied Materials reported a weighted average of 794.0 million basic shares outstanding in 2026 Q3.
What is Applied Materials' market cap?
Based on its latest closing price, Applied Materials (AMAT) has a market capitalization of about $371.39B.
When does Applied Materials' fiscal year end?
Applied Materials' fiscal year end, as registered with the SEC, is October 26.
Where is Applied Materials headquartered?
Applied Materials lists its business address in Santa Clara, California in its SEC filings.