balance equationreview2017-10-29
Difference 281000000 exceeds tolerance 19419000.000. Presentation or filing-vintage differences need review.
Revenue
$28.37B
Fiscal year ended 2025-10-26Operating income
$8.29B
Fiscal year ended 2025-10-26Free cash flow
$5.70B
Fiscal year ended 2025-10-26APPLIED MATERIALS INC /DE (AMAT) reported revenue of $28.37B and net income of $7.00B for the fiscal year ended 2025-10-26. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from APPLIED MATERIALS INC /DE’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Semiconductors & Related Devices.
Income
| Metric | 2025-10-26 | 2024-10-27 | 2023-10-29 | 2022-10-30 | 2021-10-31 | 2020-10-25 | 2019-10-27 | 2018-10-28 | 2017-10-29 | 2016-10-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.37B | $27.18B | $26.52B | $25.78B | $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 |
| Operating income | $8.29B | $7.87B | $7.65B | $7.79B | $6.89B | $4.36B | $3.35B | $4.49B | $3.94B | $2.15B |
| Net income | $7.00B | $7.18B | $6.86B | $6.52B | $5.89B | $3.62B | $2.71B | $3.04B | $3.52B | $1.72B |
| Research & development | $3.57B | $3.23B | $3.10B | $2.77B | $2.48B | $2.23B | $2.05B | $2.02B | $1.78B | $1.54B |
| Weighted-average diluted shares | shares 808.00M | shares 834.00M | shares 845.00M | shares 877.00M | shares 919.00M | shares 923.00M | shares 945.00M | shares 1.03B | shares 1.08B | shares 1.12B |
| Pretax income | $9.27B | $8.15B | $7.72B | $7.60B | $6.77B | $4.17B | $3.27B | $4.40B | $3.82B | $2.01B |
| Income tax expense | $2.27B | $975.00M | $860.00M | $1.07B | $883.00M | $547.00M | $563.00M | $1.36B | $297.00M | $292.00M |
| Diluted EPS | $8.66 | $8.61 | $8.11 | $7.44 | $6.40 | $3.92 | $2.86 | $2.96 | $3.25 | $1.54 |
| Selling, general & administrative | $1.77B | $1.80B | $1.63B | $1.44B | $1.23B | $1.09B | $982.00M | $1.00B | $895.00M | $819.00M |
| General & administrative | $910.00M | $961.00M | $852.00M | $735.00M | $620.00M | $567.00M | $461.00M | $483.00M | $438.00M | $390.00M |
| Selling & marketing | $858.00M | $836.00M | $776.00M | $703.00M | $609.00M | $526.00M | $521.00M | $521.00M | $457.00M | $429.00M |
Balance
| Metric | 2025-10-26 | 2024-10-27 | 2023-10-29 | 2022-10-30 | 2021-10-31 | 2020-10-25 | 2019-10-27 | 2018-10-28 | 2017-10-29 | 2016-10-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $7.24B | $8.02B | $6.13B | $2.00B | $5.00B | $5.35B | $3.13B | $3.44B | $5.01B | $3.41B |
| Total assets | $36.30B | $34.41B | $30.73B | $26.73B | $25.82B | $22.35B | $19.02B | $17.63B | $19.42B | $14.57B |
| Current assets | $20.88B | $21.22B | $19.15B | $15.92B | $16.11B | $13.37B | $10.21B | $10.60B | $12.92B | $8.35B |
| Total liabilities | $15.88B | $15.41B | $14.38B | $14.53B | $13.58B | $11.78B | $10.81B | $10.79B | $10.07B | $7.35B |
| Current liabilities | $8.00B | $8.47B | $7.37B | $7.38B | $6.34B | $4.46B | $4.45B | $3.92B | $4.12B | $3.63B |
| Total equity incl. NCI | $20.42B | $19.00B | $16.35B | $12.19B | $12.25B | $10.58B | $8.21B | $6.84B | $9.63B | $7.41B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $5.92B | $5.42B | $5.72B | $5.93B | $4.31B | $3.90B | $3.47B | $3.72B | $2.71B | $2.05B |
| Accounts receivable | $5.18B | $5.23B | $5.16B | $6.07B | $4.95B | $2.96B | $2.53B | $2.32B | $2.34B | $2.28B |
| Goodwill | $3.71B | $3.73B | $3.73B | $3.70B | $3.48B | $3.47B | $3.40B | $3.37B | $3.37B | $3.32B |
| Long-term debt | $6.46B | $5.46B | $5.46B | $5.46B | $5.45B | $5.45B | $4.71B | $5.31B | $5.30B | $3.12B |
| Accounts payable | $1.98B | $1.57B | $1.48B | $1.76B | $1.47B | $1.12B | $958.00M | $996.00M | $945.00M | $813.00M |
Cash flow
| Metric | 2025-10-26 | 2024-10-27 | 2023-10-29 | 2022-10-30 | 2021-10-31 | 2020-10-25 | 2019-10-27 | 2018-10-28 | 2017-10-29 | 2016-10-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Investing cash flow | -$2.78B | -$2.33B | -$1.54B | -$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 |
| Net change in cash | -$801.00M | $1.88B | $4.13B | -$3.00B | -$365.00M | $2.34B | -$311.00M | -$1.57B | $1.60B | -$1.39B |
| Stock-based compensation | $668.00M | $577.00M | $490.00M | $413.00M | $346.00M | $307.00M | $263.00M | $258.00M | $220.00M | $201.00M |
| Common dividends paid | $1.38B | $1.19B | $975.00M | $873.00M | $838.00M | $787.00M | $771.00M | $605.00M | $430.00M | $444.00M |
| Common share repurchases | $4.90B | $3.82B | $2.19B | $6.10B | $3.75B | $649.00M | $2.40B | $5.28B | $1.17B | $1.89B |
| Depreciation & amortization | $435.00M | $392.00M | $515.00M | $444.00M | $394.00M | $376.00M | $363.00M | $457.00M | $407.00M | $389.00M |
Derived
| Metric | 2025-10-26 | 2024-10-27 | 2023-10-29 | 2022-10-30 | 2021-10-31 | 2020-10-25 | 2019-10-27 | 2018-10-28 | 2017-10-29 | 2016-10-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $5.70B | $7.49B | $7.59B | $4.61B | $4.77B | $3.38B | $2.81B | $3.16B | $3.44B | $2.31B |
| Gross margin | 48.7% | 47.5% | 46.7% | 46.5% | 47.3% | 44.7% | 43.7% | 45.0% | 45.0% | 41.7% |
| Operating margin | 29.2% | 28.9% | 28.9% | 30.2% | 29.9% | 25.4% | 22.9% | 26.9% | 26.8% | 19.9% |
| FCF margin | 20.1% | 27.6% | 28.6% | 17.9% | 20.7% | 19.7% | 19.2% | 18.9% | 23.4% | 21.4% |
| SBC / revenue | 2.4% | 2.1% | 1.8% | 1.6% | 1.5% | 1.8% | 1.8% | 1.5% | 1.5% | 1.9% |
| Current ratio | 2.61x | 2.51x | 2.60x | 2.16x | 2.54x | 3.00x | 2.30x | 2.70x | 3.14x | 2.30x |
| Revenue YoY growth | 4.4% | 2.5% | 2.8% | 11.8% | 34.1% | 17.8% | -12.6% | 13.7% | 35.8% | Unavailable |
| Net margin | 24.7% | 26.4% | 25.9% | 25.3% | 25.5% | 21.0% | 18.5% | 18.2% | 23.9% | 15.9% |
| R&D / revenue | 12.6% | 11.9% | 11.7% | 10.7% | 10.8% | 13.0% | 14.1% | 12.1% | 12.1% | 14.2% |
| CapEx / revenue | 8.0% | 4.4% | 4.2% | 3.1% | 2.9% | 2.5% | 3.0% | 3.7% | 2.3% | 2.3% |
| Long-term debt / equity | 0.32x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 24.5% | 12.0% | 11.1% | 14.1% | 13.0% | 13.1% | 17.2% | 30.9% | 7.8% | 14.5% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open AMAT in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-20View SEC filing
10-Q · Filed 2026-05-21View SEC filing
10-Q · Filed 2026-02-19View SEC filing
10-K · Filed 2025-12-12View SEC filing
10-Q · Filed 2025-08-21View SEC filing
10-Q · Filed 2025-05-22View SEC filing
Reconciliation checks needing review
2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
balance equationreview2016-10-30
Difference 196000000 exceeds tolerance 14570000.000. Presentation or filing-vintage differences need review.