NASDAQ · Financial Statements

Applied Materials, Inc. (AMAT) Financial Statements

$377.24 NASDAQ: AMAT Market Cap $299.38B

Applied Materials, Inc. most recently reported annual revenue of $28.4B, net profit of $7.0B. Revenue grew at an average annual rate of 10.5% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Applied Materials, Inc.: Revenue rose from $10.8B in 2016 to $28.4B in 2025, a change of +162.1% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 19.9% to 29.2%, a shift of +9.3 percentage points; the most recent year shows net profit of $7.0B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$10.8B$14.7B$16.7B$14.6B$17.2B$23.1B$25.8B$26.5B$27.2B$28.4B
Operating Expenses$8.7B$10.8B$12.2B$11.3B$12.8B$16.2B$18.0B$18.9B$19.3B$20.1B
Operating Profit$2.2B$3.9B$4.5B$3.4B$4.4B$6.9B$7.8B$7.7B$7.9B$8.3B
Operating Margin19.9%26.8%26.9%22.9%25.4%29.9%30.2%28.9%28.9%29.2%
Other Income$-139.0M$-120.0M$-95.0M$-81.0M$-199.0M$-118.0M$-189.0M$62.0M$285.0M$982.0M
Interest$155.0M$198.0M$234.0M$237.0M$240.0M$236.0M$228.0M$238.0M$247.0M$269.0M
Depreciation$389.0M$407.0M$457.0M$363.0M$376.0M$394.0M$444.0M$515.0M$392.0M$110.0M
Profit Before Tax$2.0B$3.8B$4.4B$3.3B$4.2B$6.8B$7.6B$7.7B$8.2B$9.3B
Tax$14.5M$7.8M$30.9M$17.2M$13.1M$13.0M$14.1M$11.2M$12.0M$24.5M
Net Profit$1.7B$3.5B$3.0B$2.7B$3.6B$5.9B$6.5B$6.9B$7.2B$7.0B
EPS$1.54$3.17$2.96$2.86$3.92$6.40$7.44$8.11$8.61$8.66
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$6.7B$6.7B$6.6B$6.8B$7.0B$7.2B$7.1B$7.3B$6.8B$7.0B$7.9B$9.1B
Operating Expenses$4.8B$4.7B$4.7B$4.8B$5.0B$5.0B$4.9B$5.1B$5.1B$4.9B$5.4B$6.0B
Operating Profit$2.0B$2.0B$1.9B$1.9B$2.0B$2.2B$2.2B$2.2B$1.7B$2.1B$2.5B$3.1B
Operating Margin29.3%29.3%28.8%28.6%29.0%30.4%30.6%30.6%25.2%29.9%31.9%33.7%
Interest$58.0M$59.0M$59.0M$63.0M$66.0M$64.0M$68.0M$66.0M$71.0M$69.0M$69.0M$68.0M
Profit Before Tax$2.2B$2.3B$2.0B$2.0B$1.9B$2.1B$2.3B$2.6B$2.3B$2.3B$3.2B$2.9B
Tax$7.7M$12.3M$13.6M$13.0M$8.7M$44.1M$8.0M$30.6M$16.3M$13.0M$13.0M$12.7M
Net Profit$2.0B$2.0B$1.7B$1.7B$1.7B$1.2B$2.1B$1.8B$1.9B$2.0B$2.8B$2.5B
EPS$2.38$2.41$2.06$2.05$2.09$1.45$2.63$2.21$2.38$2.54$3.51$3.17

Over the 10 years reported for Applied Materials, Inc., borrowings increased from $3.3B in 2016 to $7.0B in 2025, cash stood at $7.2B in the latest year, shareholders' equity was $8.0M, current assets covered current liabilities 2.61 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$14.6B$19.4B$17.6B$19.0B$22.4B$25.8B$26.7B$30.7B$34.4B$36.3B
Current Assets$8.4B$12.9B$10.6B$10.2B$13.4B$16.1B$15.9B$19.1B$21.2B$20.9B
Cash$3.4B$5.0B$3.4B$3.1B$5.4B$5.0B$2.0B$6.1B$8.0B$7.2B
Inventory$2.0B$2.9B$3.7B$3.5B$3.9B$4.3B$5.9B$5.7B$5.4B$5.9B
Receivables$2.3B$2.3B$2.4B$2.6B$3.1B$5.5B$6.5B$5.6B$5.4B$5.3B
Fixed Assets$937.0M$1.1B$1.4B$1.5B$1.9B$2.2B$2.7B$3.2B$3.7B$5.1B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$1.3B$3.4B$2.2B$2.2B$1.9B$2.5B$2.6B$3.0B$4.2B$5.7B
Other Assets$3.3B$3.4B$3.4B$3.4B$3.5B$3.5B$3.7B$3.7B$3.7B$3.7B
Total Liabilities$7.4B$10.1B$10.8B$10.8B$11.8B$13.6B$14.5B$14.4B$15.4B$15.9B
Current Liabilities$3.6B$4.1B$3.9B$4.4B$4.5B$6.3B$7.4B$7.4B$8.5B$8.0B
Borrowings$3.3B$5.3B$5.3B$5.3B$5.7B$5.8B$5.8B$6.0B$6.6B$7.0B
Other Liabilities$4.0B$4.8B$5.5B$5.5B$6.1B$7.8B$8.7B$8.4B$8.8B$8.8B
Equity$11.0M$11.0M$10.0M$9.0M$9.0M$9.0M$8.0M$8.0M$8.0M$8.0M
Reserves$7.2B$9.3B$6.8B$8.2B$10.6B$12.2B$12.2B$16.3B$19.0B$20.4B

For Applied Materials, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $5.7B; free cash flow was positive in 10 of 10 years; financing activities used $5.1B in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$2.5B$3.6B$3.8B$3.2B$3.8B$5.4B$5.4B$8.7B$8.7B$8.0B
Investing Cash Flow$-678.0M$-2.9B$-51.0M$-884.0M$-552.0M$-1.9B$-2.1B$-2.6B$-3.5B$-5.0B
Financing Cash Flow$-1.9B$-895.0M$-5.4B$-2.5B$-475.0M$-3.9B$-6.4B$-2.4B$-3.6B$-5.1B
Net Cash Flow$-1.4B$1.6B$-1.6B$-311.0M$2.3B$-365.0M$-3.0B$4.1B$1.9B$-781.0M
Free Cash Flow$2.2B$3.3B$3.2B$2.8B$3.4B$4.8B$4.6B$7.6B$7.5B$5.7B

Valuation & Return Ratios

MetricValue
PEG Ratio1.08
EV / EBITDA33.88
FCF Yield1.46%
Quick Ratio1.79
Interest Coverage33.96
Return 1Y66.03%
Return 3Y186.28%
Return 5Y215.80%

Applied Materials, Inc. (AMAT) financials — frequently asked questions

What is Applied Materials, Inc.'s annual revenue?

Applied Materials, Inc. (AMAT) reported annual revenue of $28.4B in its most recent fiscal year.

What is Applied Materials, Inc.'s net profit?

Applied Materials, Inc. (AMAT) reported net profit of $7.0B in its most recent fiscal year.

What is AMAT EV/EBITDA?

Applied Materials, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 33.88.

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