What is Applied Materials, Inc.'s earnings per share (EPS)?

Applied Materials, Inc. (AMAT) reported diluted earnings per share of $8.66 for fiscal year 2025. This represents a 0.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Applied Materials, Inc. (AMAT) Financials

AMAT

Trailing 12 months to July 26, 2026

Revenue $30.8B +7.8% YoY

Net Income $9.3B +35.6% YoY

EPS (Diluted) $11.59 +38.1% YoY

Free Cash Flow $5.6B -3.4% YoY

Market Cap $405.8B as of Oct 1, 2026

Price / Sales 13.2x on $30.8B revenue, trailing 12 months to July 26, 2026

Price / Earnings 43.8x on $9.3B net income, trailing 12 months to July 26, 2026

Price / Book 15.8x on $25.6B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 1, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jul 26, 2026 Reported Aug 20, 2026 Currency USD FYE October

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 20, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AMAT SEC filings page.

Applied Materials, Inc. (AMAT) reported $30.8B in revenue over the twelve months to Jul 26, 2026, up 7.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AMAT FY2025 2026-08-30

Applied Materials converts scale into cash, but FY2025’s reinvestment surge and shareholder distributions narrowed that cushion.

The cash-conversion setback is visible in free cash flow falling from $7.5B in FY2023 to $5.7B in FY2025. The squeeze is investment-led: capital expenditures reached $2.3B while gross margin reached 48.7%, separating reinvestment pressure from weaker production economics.

Gross-margin expansion from 46.7% in FY2023 to 48.7% in FY2025 indicates improving economics at the production level. Net margin nevertheless fell from 26.4% to 24.7% even as operating margin improved modestly, placing the pressure below core operations.

Long-term debt rose to $6.5B in FY2025 while debt-to-equity remained 0.3x, so borrowing increased without making the balance sheet debt-dominated. Buybacks and dividends totaled $6.3B against $5.7B of free cash flow, putting additional demands on cash and financing.

Financial Health Signals

Financial Health Score 81/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Applied Materials, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Applied Materials, Inc. has an operating margin of 29.2%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 96/100, reflecting efficient cost management and pricing power. This is up from 28.9% the prior year.

Growth

Applied Materials, Inc.'s revenue grew a modest 4.4% year-over-year to $28.4B. This slow but positive growth earns a score of 43/100.

Leverage

Applied Materials, Inc. carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.61, Applied Materials, Inc. holds $2.61 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 73/100.

Cash Flow

Applied Materials, Inc. converts 20.1% of revenue into free cash flow ($5.7B). This strong cash generation earns a score of 90/100.

Returns

Applied Materials, Inc. earns a strong 34.3% return on equity (ROE), meaning it generates $34 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 95/100. This is down from 37.8% the prior year.

Altman Z-Score Safe

19.42

Applied Materials, Inc. scores 19.42, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($405.8B) relative to total liabilities ($15.9B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

6/9

Applied Materials, Inc. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.14x

For every $1 of reported earnings, Applied Materials, Inc. generates $1.14 in operating cash flow ($8.0B OCF vs $7.0B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

30.81x

Applied Materials, Inc. earns $30.81 in operating income for every $1 of interest expense ($8.3B vs $269.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$9.1B

YoY+24.8%

QoQ+15.2%

5Y CAGR+12.0%

10Y CAGR+14.4%

Applied Materials, Inc. generated $9.1B in revenue in Q3 2026. This represents an increase of 24.8% from the same quarter a year earlier. Against the prior quarter it is up 15.2%.

EBITDA

$3.2B

YoY+37.5%

QoQ+21.4%

5Y CAGR+18.6%

Applied Materials, Inc.'s EBITDA was $3.2B in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 37.5% from the same quarter a year earlier. Against the prior quarter it is up 21.4%.

Net Income

$2.5B

YoY+42.7%

QoQ-9.6%

5Y CAGR+17.6%

10Y CAGR+22.4%

Applied Materials, Inc. reported $2.5B in net income in Q3 2026. This represents an increase of 42.7% from the same quarter a year earlier. Against the prior quarter it is down 9.6%.

EPS (Diluted)

$3.17

YoY+42.8%

QoQ-9.7%

5Y CAGR+21.0%

10Y CAGR+27.5%

Applied Materials, Inc. earned $3.17 per diluted share (EPS) in Q3 2026. This represents an increase of 42.8% from the same quarter a year earlier. Against the prior quarter it is down 9.7%.

Cash & Balance Sheet

Free Cash Flow

$2.3B

YoY+13.7%

QoQ+1009.5%

5Y CAGR+12.4%

10Y CAGR+18.7%

Applied Materials, Inc. generated $2.3B in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 13.7% from the same quarter a year earlier. Against the prior quarter it is up 1009.5%.

Cash & Debt

$7.0B

YoY+30.7%

QoQ+11.7%

5Y CAGR+2.5%

10Y CAGR+3.9%

Applied Materials, Inc. held $7.0B in cash against $5.2B in long-term debt as of Q3 2026.

Dividends Per Share

$0.53

YoY+15.2%

QoQ0.0%

5Y CAGR+19.2%

Applied Materials, Inc. paid $0.53 per share in dividends in Q3 2026. This represents an increase of 15.2% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

794M

YoY-0.4%

QoQ0.0%

5Y CAGR-2.9%

10Y CAGR-3.6%

Applied Materials, Inc. had 794M shares outstanding in Q3 2026. This represents a decrease of 0.4% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Gross Margin

50.3%

YoY+1.5pp

QoQ+0.4pp

5Y change+4.8pp

10Y change+9.8pp

Applied Materials, Inc.'s gross margin was 50.3% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Operating Margin

33.7%

YoY+3.2pp

QoQ+1.8pp

5Y change+8.9pp

Applied Materials, Inc.'s operating margin was 33.7% in Q3 2026, reflecting core business profitability. This is up 3.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.

Net Margin

27.8%

YoY+3.5pp

QoQ-7.6pp

5Y change+5.9pp

10Y change+13.6pp

Applied Materials, Inc.'s net profit margin was 27.8% in Q3 2026, showing the share of revenue converted to profit. This is up 3.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.6 percentage points.

Return on Equity

9.9%

YoY+0.8pp

QoQ-1.8pp

5Y change+0.1pp

10Y change+5.5pp

Applied Materials, Inc.'s ROE was 9.9% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.8 percentage points.

Capital Allocation

R&D Spending

$1.1B

YoY+22.1%

QoQ+7.1%

5Y CAGR+12.7%

Applied Materials, Inc. invested $1.1B in research and development in Q3 2026. This represents an increase of 22.1% from the same quarter a year earlier. Against the prior quarter it is up 7.1%.

Share Buybacks

$440.0M

YoY-58.3%

QoQ+10.0%

10Y CAGR-4.5%

Applied Materials, Inc. spent $440.0M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 58.3% from the same quarter a year earlier. Against the prior quarter it is up 10.0%.

Capital Expenditures

$707.0M

YoY+21.1%

QoQ+11.3%

5Y CAGR+42.3%

10Y CAGR+29.6%

Applied Materials, Inc. invested $707.0M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 21.1% from the same quarter a year earlier. Against the prior quarter it is up 11.3%.

AMAT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AMAT quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$30.8B	$28.4B+4.4%	$27.2B+2.5%	$26.5B+2.8%	$25.8B+11.8%	$23.1B+34.1%	$17.2B+17.8%	$14.6B-12.6%	$16.7B+13.7%	$14.7B+35.8%	$10.8B+12.1%	$9.7B+6.5%	$9.1B+20.8%	$7.5B-13.9%	$8.7B-17.1%	$10.5B
Cost of Revenue	$15.6B	$14.6B+2.0%	$14.3B+1.0%	$14.1B+2.5%	$13.8B+13.5%	$12.1B+27.7%	$9.5B+15.7%	$8.2B-10.5%	$9.2B+13.6%	$8.1B+28.1%	$6.3B+10.6%	$5.7B+9.1%	$5.2B+15.7%	$4.5B-16.4%	$5.4B-12.2%	$6.2B
Gross Profit	$15.2B	$13.8B+7.1%	$12.9B+4.1%	$12.4B+3.3%	$12.0B+9.9%	$10.9B+41.9%	$7.7B+20.5%	$6.4B-15.0%	$7.5B+13.7%	$6.6B+46.6%	$4.5B+14.1%	$4.0B+2.8%	$3.8B+28.5%	$3.0B-9.7%	$3.3B-24.0%	$4.4B
R&D Expenses	$4.0B	$3.6B+10.4%	$3.2B+4.2%	$3.1B+11.9%	$2.8B+11.5%	$2.5B+11.2%	$2.2B+8.8%	$2.1B+1.6%	$2.0B+13.5%	$1.8B+15.6%	$1.5B+6.1%	$1.5B+1.6%	$1.4B+8.2%	$1.3B+6.7%	$1.2B+10.6%	$1.1B
SG&A Expenses	$1.7B	$1.8B-1.6%	$1.8B+10.4%	$1.6B+121.5%	$735.0M+18.5%	$620.0M+9.3%	$567.0M+23.0%	$461.0M-4.6%	$483.0M+10.3%	$438.0M+12.3%	$390.0M-16.8%	$469.0M-6.6%	$502.0M+9.6%	$458.0M-57.4%	$1.1B+19.4%	$901.0M
Operating Income	$9.1B	$8.3B+5.4%	$7.9B+2.8%	$7.7B-1.7%	$7.8B+13.0%	$6.9B+57.8%	$4.4B+30.3%	$3.4B-25.4%	$4.5B+14.1%	$3.9B+82.9%	$2.2B+27.1%	$1.7B+11.4%	$1.5B+251.9%	$432.0M+5.1%	$411.0M-82.9%	$2.4B
EBITDA	N/A	$8.7B+5.6%	$8.3B+1.1%	$8.2B-0.8%	$8.2B+13.0%	$7.3B+53.6%	$4.7B+27.7%	$3.7B-25.0%	$4.9B+13.9%	$4.3B+70.9%	$2.5B+23.1%	$2.1B+8.9%	$1.9B+125.1%	$842.0M+1.1%	$833.0M-68.5%	$2.6B
Interest Expense	$277.0M	$269.0M+8.9%	$247.0M+3.8%	$238.0M+4.4%	$228.0M-3.4%	$236.0M-1.7%	$240.0M+1.3%	$237.0M+1.3%	$234.0M+18.2%	$198.0M+27.7%	$155.0M+50.5%	$103.0M+8.4%	$95.0M0.0%	$95.0M0.0%	$95.0M+61.0%	$59.0M
Income Tax	$1.5B	$2.3B+133.1%	$975.0M+13.4%	$860.0M-19.9%	$1.1B+21.6%	$883.0M+61.4%	$547.0M-2.8%	$563.0M-58.5%	$1.4B+357.2%	$297.0M+1.7%	$292.0M+32.1%	$221.0M-41.2%	$376.0M+300.0%	$94.0M-54.6%	$207.0M-54.2%	$452.0M
Net Income	$9.3B	$7.0B-2.5%	$7.2B+4.7%	$6.9B+5.1%	$6.5B+10.8%	$5.9B+62.7%	$3.6B+33.7%	$2.7B-10.9%	$3.0B-13.7%	$3.5B+104.5%	$1.7B+25.0%	$1.4B+28.5%	$1.1B+318.8%	$256.0M+134.9%	$109.0M-94.3%	$1.9B
EPS (Basic)	N/A	$8.71+0.3%	$8.68+6.4%	$8.16+8.9%	$7.49+15.8%	$6.47+63.8%	$3.95+36.7%	$2.89-3.7%	$3.00-8.5%	$3.28+110.3%	$1.56+38.1%	$1.13+28.4%	$0.88+319.0%	$0.21+133.3%	$0.09-93.8%	$1.46
EPS (Diluted)	$11.59	$8.66+0.6%	$8.61+6.2%	$8.11+9.0%	$7.44+16.3%	$6.40+63.3%	$3.92+37.1%	$2.86-3.4%	$2.96-8.9%	$3.25+111.0%	$1.54+37.5%	$1.12+28.7%	$0.87+314.3%	$0.21+133.3%	$0.09-93.8%	$1.45
Diluted Shares (Avg)	N/A	808M-3.1%	834M-1.3%	845M-3.6%	877M-4.6%	919M-0.4%	923M-2.3%	945M-7.9%	1.03B-5.4%	1.08B-2.9%	1.12B-9.0%	1.23B-0.4%	1.23B+1.0%	1.22B-4.5%	1.28B-4.0%	1.33B

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$9.1B+24.8%	$7.9B+11.4%	$7.0B-2.1%	$6.8B-3.5%	$7.3B+7.7%	$7.1B+6.8%	$7.2B+6.8%	$7.0B+4.8%
Cost of Revenue	$4.5B+21.1%	$4.0B+9.6%	$3.6B-2.5%	$3.5B-4.7%	$3.7B+4.7%	$3.6B+3.5%	$3.7B+4.8%	$3.7B+4.4%
Gross Profit	$4.6B+28.7%	$3.9B+13.3%	$3.4B-1.7%	$3.3B-2.1%	$3.6B+11.1%	$3.5B+10.5%	$3.5B+9.1%	$3.3B+5.2%
R&D Expenses	$1.1B+22.1%	$1.0B+15.0%	$928.0M+8.0%	$917.0M+6.9%	$901.0M+7.8%	$893.0M+13.8%	$859.0M+13.9%	$858.0M+8.7%
SG&A Expenses	$411.0M-4.0%	$397.0M-6.1%	$411.0M-11.0%	$455.0M-56.7%	$428.0M+92.8%	$423.0M+71.3%	$462.0M+67.4%	$1.1B+5.9%
Operating Income	$3.1B+37.7%	$2.5B+16.3%	$1.8B-15.8%	$1.7B-16.3%	$2.2B+15.0%	$2.2B+13.4%	$2.2B+10.6%	$2.0B+3.8%
EBITDA	$3.2B+37.5%	$2.7B+17.0%	$2.0B-14.1%	$1.8B-15.3%	$2.3B+15.2%	$2.3B+13.1%	$2.3B+10.8%	$2.2B+2.6%
Interest Expense	$68.0M+3.0%	$69.0M+1.5%	$69.0M+7.8%	$71.0M+7.6%	$66.0M+4.8%	$68.0M+15.3%	$64.0M+8.5%	$66.0M+13.8%
Income Tax	$369.0M-52.9%	$419.0M+126.5%	$302.0M-67.7%	$370.0M+125.6%	$784.0M+207.5%	$185.0M-32.0%	$934.0M+228.9%	$164.0M-2.4%
Net Income	$2.5B+42.7%	$2.8B+31.3%	$2.0B+71.0%	$1.9B+9.6%	$1.8B+4.3%	$2.1B+24.1%	$1.2B-41.3%	$1.7B-13.6%
EPS (Basic)	$3.20+43.5%	$3.53+33.7%	$2.55+74.7%	$2.39+13.3%	$2.23+8.3%	$2.64+26.9%	$1.46-39.9%	$2.11-12.1%
EPS (Diluted)	$3.17+42.8%	$3.51+33.5%	$2.54+75.2%	$2.37+13.4%	$2.22+8.3%	$2.63+27.7%	$1.45-39.8%	$2.09-12.2%
Diluted Shares (Avg)	800M-0.2%	799M-1.6%	799M-2.4%	N/A	802M-3.7%	812M-2.9%	819M-2.2%	N/A

AMAT Balance Sheet

AMAT quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$36.3B+5.5%	$34.4B+12.0%	$30.7B+15.0%	$26.7B+3.5%	$25.8B+15.5%	$22.4B+17.5%	$19.0B+7.9%	$17.6B-9.2%	$19.4B+33.3%	$14.6B-4.8%	$15.3B+16.2%	$13.2B+9.4%	$12.0B-0.5%	$12.1B-12.7%	$13.9B
Current Assets	$20.9B-1.6%	$21.2B+10.8%	$19.1B+20.2%	$15.9B-1.1%	$16.1B+20.5%	$13.4B+31.0%	$10.2B-3.8%	$10.6B-17.9%	$12.9B+54.7%	$8.4B-9.8%	$9.3B+32.9%	$7.0B+23.5%	$5.6B+10.6%	$5.1B-50.7%	$10.4B
Cash & Equivalents	$7.2B-9.7%	$8.0B+30.8%	$6.1B+207.4%	$2.0B-60.1%	$5.0B-6.7%	$5.4B+71.0%	$3.1B-9.0%	$3.4B-31.3%	$5.0B+47.1%	$3.4B-29.0%	$4.8B+59.8%	$3.0B+75.5%	$1.7B+22.9%	$1.4B-76.6%	$6.0B
Short-Term Investments	$1.3B-8.1%	$1.4B+96.6%	$737.0M+25.8%	$586.0M+26.3%	$464.0M+19.9%	$387.0M-20.9%	$489.0M-17.1%	$590.0M-74.0%	$2.3B+560.6%	$343.0M+104.2%	$168.0M+5.0%	$160.0M-11.1%	$180.0M-67.0%	$545.0M+92.6%	$283.0M
Inventory	$5.9B+9.1%	$5.4B-5.3%	$5.7B-3.5%	$5.9B+37.7%	$4.3B+10.4%	$3.9B+12.4%	$3.5B-6.6%	$3.7B+37.5%	$2.7B+32.0%	$2.0B+11.8%	$1.8B+17.0%	$1.6B+10.9%	$1.4B+11.1%	$1.3B-25.2%	$1.7B
Accounts Receivable	$5.2B-0.9%	$5.2B+1.3%	$5.2B-14.9%	$6.1B+22.5%	$5.0B+67.2%	$3.0B+17.0%	$2.5B+9.0%	$2.3B-0.6%	$2.3B+2.6%	$2.3B+31.1%	$1.7B+4.1%	$1.7B+2.3%	$1.6B+33.9%	$1.2B-20.4%	$1.5B
Long-Term Investments	$4.3B+55.3%	$2.8B+22.2%	$2.3B+15.2%	$2.0B-3.6%	$2.1B+33.6%	$1.5B-9.7%	$1.7B+8.6%	$1.6B+37.2%	$1.1B+23.0%	$929.0M-1.8%	$946.0M+1.2%	$935.0M-7.0%	$1.0B-4.7%	$1.1B+13.3%	$931.0M
Goodwill	$3.7B-0.7%	$3.7B0.0%	$3.7B+0.9%	$3.7B+6.4%	$3.5B+0.4%	$3.5B+2.0%	$3.4B+0.9%	$3.4B0.0%	$3.4B+1.6%	$3.3B+0.4%	$3.3B-0.1%	$3.3B+0.3%	$3.3B-6.4%	$3.5B+163.5%	$1.3B
Total Liabilities	$15.9B+3.1%	$15.4B+7.1%	$14.4B-1.0%	$14.5B+7.0%	$13.6B+15.3%	$11.8B+8.9%	$10.8B+0.2%	$10.8B+7.1%	$10.1B+37.0%	$7.4B-4.4%	$7.7B+45.0%	$5.3B+7.1%	$5.0B+1.8%	$4.9B-3.8%	$5.1B
Current Liabilities	$8.0B-5.5%	$8.5B+14.9%	$7.4B-0.1%	$7.4B+16.3%	$6.3B+42.3%	$4.5B+0.3%	$4.4B+13.4%	$3.9B-4.7%	$4.1B+13.3%	$3.6B-4.4%	$3.8B+34.5%	$2.8B+15.6%	$2.4B+7.9%	$2.3B-18.9%	$2.8B
Non-Current Liabilities	$7.9B+13.6%	$6.9B-1.0%	$7.0B-2.0%	$7.2B-1.1%	$7.2B-1.1%	$7.3B+15.0%	$6.4B-7.3%	$6.9B+15.3%	$6.0B+60.0%	$3.7B-4.5%	$3.9B+56.9%	$2.5B-1.2%	$2.5B-3.5%	$2.6B+14.8%	$2.3B
Long-Term Debt	$6.5B+18.2%	$5.5B0.0%	$5.5B+0.1%	$5.5B+0.1%	$5.5B+0.1%	$5.4B+15.6%	$4.7B-11.2%	$5.3B+0.1%	$5.3B+69.7%	$3.1B-6.5%	$3.3B+71.6%	$1.9B+0.1%	$1.9B0.0%	$1.9B-0.1%	$1.9B
Total Equity	$20.4B+7.4%	$19.0B+16.2%	$16.3B+34.1%	$12.2B-0.4%	$12.2B+15.8%	$10.6B+28.8%	$8.2B+20.0%	$6.8B-28.9%	$9.6B+29.9%	$7.4B-2.6%	$7.6B-3.2%	$7.9B+11.0%	$7.1B-2.0%	$7.2B-17.8%	$8.8B
Retained Earnings	$55.2B+11.2%	$49.7B+13.6%	$43.7B+15.4%	$37.9B+17.5%	$32.2B+18.5%	$27.2B+11.6%	$24.4B+16.8%	$20.9B+14.4%	$18.3B+19.7%	$15.3B+9.2%	$14.0B+6.8%	$13.1B+4.7%	$12.5B-1.7%	$12.7B-2.5%	$13.0B

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$43.5B+27.2%	$40.3B+19.8%	$37.6B+12.9%	$36.3B+5.5%	$34.2B+1.7%	$33.6B+5.3%	$33.3B+5.7%	$34.4B+12.0%
Current Assets	$25.1B+27.3%	$22.6B+14.5%	$21.0B+1.7%	$20.9B-1.6%	$19.7B-4.6%	$19.7B+2.3%	$20.7B+7.9%	$21.2B+10.8%
Cash & Equivalents	$7.0B+30.7%	$6.3B+2.1%	$7.2B+15.2%	$7.2B-9.7%	$5.4B-35.0%	$6.2B-12.9%	$6.3B-8.6%	$8.0B+30.8%
Short-Term Investments	$2.2B+34.7%	$1.9B+235.6%	$1.3B-33.7%	$1.3B-8.1%	$1.6B+100.0%	$578.0M+22.5%	$1.9B+205.5%	$1.4B+96.6%
Inventory	$6.6B+13.0%	$6.3B+12.1%	$6.0B+9.0%	$5.9B+9.1%	$5.8B+4.3%	$5.7B-0.6%	$5.5B-2.6%	$5.4B-5.3%
Accounts Receivable	$7.7B+33.2%	$6.4B+3.0%	$5.0B-17.0%	$5.2B-0.9%	$5.8B+16.1%	$6.2B+29.5%	$6.0B+27.6%	$5.2B+1.3%
Long-Term Investments	$5.3B+27.5%	$5.1B+41.3%	$5.0B+85.0%	$4.3B+55.3%	$4.1B+38.6%	$3.6B+22.0%	$2.7B-7.7%	$2.8B+22.2%
Goodwill	$3.9B+3.3%	$3.8B+2.0%	$3.7B-1.6%	$3.7B-0.7%	$3.7B+0.4%	$3.7B+0.4%	$3.8B+1.0%	$3.7B0.0%
Total Liabilities	$17.9B+21.7%	$16.4B+11.6%	$15.9B+8.3%	$15.9B+3.1%	$14.7B-0.7%	$14.7B+6.7%	$14.7B+4.3%	$15.4B+7.1%
Current Liabilities	$10.4B+31.4%	$9.0B+12.5%	$7.8B+0.2%	$8.0B-5.5%	$7.9B+9.1%	$8.0B+16.2%	$7.7B+9.3%	$8.5B+14.9%
Non-Current Liabilities	$7.5B+10.5%	$7.4B+10.5%	$8.2B+17.2%	$7.9B+13.6%	$6.8B-10.0%	$6.7B-2.8%	$7.0B-0.8%	$6.9B-1.0%
Long-Term Debt	$5.2B-4.0%	$5.3B-3.8%	$6.5B+18.2%	$6.5B+18.2%	$5.5B-11.3%	$5.5B0.0%	$5.5B0.0%	$5.5B0.0%
Total Equity	$25.6B+31.4%	$23.9B+26.1%	$21.7B+16.6%	$20.4B+7.4%	$19.5B+3.5%	$19.0B+4.2%	$18.6B+6.9%	$19.0B+16.2%
Retained Earnings	$61.4B+14.3%	$59.3B+13.4%	$56.9B+12.6%	$55.2B+11.2%	$53.7B+11.3%	$52.3B+11.5%	$50.5B+11.1%	$49.7B+13.6%

AMAT Cash Flow Statement

AMAT quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$8.4B	$8.0B-8.3%	$8.7B-0.3%	$8.7B+61.1%	$5.4B-0.8%	$5.4B+43.1%	$3.8B+17.2%	$3.2B-14.3%	$3.8B-0.1%	$3.8B+47.7%	$2.6B+120.6%	$1.2B-35.4%	$1.8B+188.9%	$623.0M-66.3%	$1.9B-23.8%	$2.4B
Depreciation & Amortization	N/A	$435.0M+11.0%	$392.0M-23.9%	$515.0M+16.0%	$444.0M+12.7%	$394.0M+4.8%	$376.0M+3.6%	$363.0M-20.6%	$457.0M+12.3%	$407.0M+4.6%	$389.0M+4.9%	$371.0M-1.1%	$375.0M-8.5%	$410.0M-2.8%	$422.0M+71.5%	$246.0M
Stock-Based Compensation	N/A	$668.0M+15.8%	$577.0M+17.8%	$490.0M+18.6%	$413.0M+19.4%	$346.0M+12.7%	$307.0M+16.7%	$263.0M+1.9%	$258.0M+17.3%	$220.0M+9.5%	$201.0M+7.5%	$187.0M+5.6%	$177.0M+9.3%	$162.0M-11.0%	$182.0M+24.7%	$146.0M
Capital Expenditures	$2.8B	$2.3B+89.9%	$1.2B+7.6%	$1.1B+40.5%	$787.0M+17.8%	$668.0M+58.3%	$422.0M-4.3%	$441.0M-29.1%	$622.0M+80.3%	$345.0M+36.4%	$253.0M+17.7%	$215.0M-10.8%	$241.0M+22.3%	$197.0M+21.6%	$162.0M-22.5%	$209.0M
Free Cash Flow	$5.6B	$5.7B-23.9%	$7.5B-1.4%	$7.6B+64.7%	$4.6B-3.4%	$4.8B+41.2%	$3.4B+20.5%	$2.8B-11.3%	$3.2B-8.1%	$3.4B+48.9%	$2.3B+144.0%	$948.0M-39.2%	$1.6B+266.0%	$426.0M-74.8%	$1.7B-23.9%	$2.2B
Investing Cash Flow	-$3.3B	-$2.8B-19.6%	-$2.3B-51.6%	-$1.5B-13.1%	-$1.4B-11.6%	-$1.2B-835.4%	-$130.0M+70.7%	-$443.0M-177.6%	$571.0M+122.6%	-$2.5B-494.4%	-$425.0M-51.2%	-$281.0M-74.5%	-$161.0M-174.9%	$215.0M+104.6%	-$4.7B-759.1%	$707.0M
Financing Cash Flow	-$3.5B	-$6.0B-33.7%	-$4.5B-47.4%	-$3.0B+57.0%	-$7.0B-53.4%	-$4.6B-243.4%	-$1.3B+57.1%	-$3.1B+47.5%	-$5.9B-1838.4%	$341.0M+109.7%	-$3.5B-486.9%	$913.0M+362.4%	-$348.0M+32.9%	-$519.0M+70.4%	-$1.8B-282.7%	$960.0M
Dividends Paid	$1.5B	$1.4B+16.1%	$1.2B+22.3%	$975.0M+11.7%	$873.0M+4.2%	$838.0M+6.5%	$787.0M+2.1%	$771.0M+27.4%	$605.0M+40.7%	$430.0M-3.2%	$444.0M-8.8%	$487.0M+0.4%	$485.0M+6.4%	$456.0M+5.1%	$434.0M+9.3%	$397.0M
Share Buybacks	$2.0B	$4.9B+28.0%	$3.8B+74.6%	$2.2B-64.1%	$6.1B+62.7%	$3.8B+477.8%	$649.0M-73.0%	$2.4B-54.5%	$5.3B+350.8%	$1.2B-38.1%	$1.9B+42.8%	$1.3B	$0-100.0%	$245.0M-82.7%	$1.4B+202.6%	$468.0M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$3.0B+15.3%	$845.0M-46.2%	$1.7B+82.3%	$2.8B+9.8%	$2.6B+10.4%	$1.6B+12.9%	$925.0M-60.2%	$2.6B+65.6%
Depreciation & Amortization	$151.0M+33.6%	$135.0M+31.1%	$127.0M+21.0%	$114.0M+3.6%	$113.0M+18.9%	$103.0M+7.3%	$105.0M+15.4%	$110.0M-15.4%
Stock-Based Compensation	$169.0M+7.0%	$169.0M+6.3%	$207.0M+6.2%	N/A	$158.0M+19.7%	$159.0M+18.7%	$195.0M+14.7%	N/A
Capital Expenditures	$707.0M+21.1%	$635.0M+24.5%	$646.0M+69.6%	$785.0M+92.9%	$584.0M+96.6%	$510.0M+98.4%	$381.0M+66.4%	$407.0M+31.7%
Free Cash Flow	$2.3B+13.7%	$210.0M-80.2%	$1.0B+91.2%	$2.0B-5.8%	$2.0B-1.8%	$1.1B-6.5%	$544.0M-74.0%	$2.2B+74.0%
Investing Cash Flow	-$1.4B+28.2%	-$959.0M-533.9%	-$780.0M+13.0%	-$139.0M+87.0%	-$2.0B-198.0%	$221.0M+248.3%	-$897.0M-100.7%	-$1.1B-119.0%
Financing Cash Flow	-$889.0M+39.0%	-$814.0M+57.2%	-$931.0M+47.9%	-$831.0M+53.0%	-$1.5B-179.1%	-$1.9B-86.2%	-$1.8B-54.4%	-$1.8B-83.1%
Dividends Paid	$420.0M+14.1%	$365.0M+12.3%	$365.0M+12.0%	$365.0M+10.9%	$368.0M+11.2%	$325.0M+22.2%	$326.0M+22.6%	$329.0M+22.8%
Share Buybacks	$440.0M-58.3%	$400.0M-76.0%	$337.0M-74.4%	$851.0M-41.0%	$1.1B+22.6%	$1.7B+103.7%	$1.3B+88.3%	$1.4B+106.0%

AMAT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AMAT quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	48.7%+1.2pp	47.5%+0.8pp	46.7%+0.2pp	46.5%-0.8pp	47.3%+2.6pp	44.7%+1.0pp	43.7%-1.3pp	45.0%0.0pp	45.0%+3.3pp	41.7%+0.8pp	40.9%-1.4pp	42.4%+2.5pp	39.8%+1.8pp	38.0%-3.5pp	41.5%
Operating Margin	29.2%+0.3pp	28.9%+0.1pp	28.9%-1.3pp	30.2%+0.3pp	29.9%+4.5pp	25.4%+2.4pp	22.9%-3.9pp	26.9%+0.1pp	26.8%+6.9pp	19.9%+2.3pp	17.5%+0.8pp	16.8%+11.0pp	5.8%+1.0pp	4.7%-18.1pp	22.8%
Net Margin	24.7%-1.7pp	26.4%+0.6pp	25.9%+0.6pp	25.3%-0.2pp	25.5%+4.5pp	21.0%+2.5pp	18.5%+0.3pp	18.2%-5.8pp	23.9%+8.0pp	15.9%+1.6pp	14.3%+2.4pp	11.8%+8.4pp	3.4%+2.2pp	1.3%-17.1pp	18.3%
Return on Equity	34.3%-3.5pp	37.8%-4.2pp	41.9%-11.6pp	53.5%+5.4pp	48.1%+13.9pp	34.2%+1.3pp	32.9%-11.4pp	44.4%+7.8pp	36.5%+13.3pp	23.2%+5.1pp	18.1%+4.5pp	13.6%+10.0pp	3.6%+2.1pp	1.5%-20.4pp	21.9%
Return on Assets	19.3%-1.6pp	20.9%-1.4pp	22.3%-2.1pp	24.4%+1.6pp	22.8%+6.6pp	16.2%+2.0pp	14.2%-3.0pp	17.2%-0.9pp	18.1%+6.3pp	11.8%+2.8pp	9.0%+0.9pp	8.1%+6.0pp	2.1%+1.2pp	0.9%-13.0pp	13.9%
Current Ratio	2.61+0.1x	2.51-0.1x	2.60+0.4x	2.16-0.4x	2.54-0.5x	3.00+0.7x	2.29-0.4x	2.70-0.4x	3.14+0.8x	2.30-0.1x	2.440.0x	2.47+0.2x	2.31+0.1x	2.25-1.5x	3.71
Debt-to-Equity	0.320.0x	0.290.0x	0.33-0.1x	0.450.0x	0.45-0.1x	0.52-0.1x	0.57-0.2x	0.78+0.2x	0.55+0.1x	0.420.0x	0.44+0.2x	0.250.0x	0.270.0x	0.270.0x	0.22
Asset Turnover	0.780.0x	0.79-0.1x	0.86-0.1x	0.96+0.1x	0.89+0.1x	0.770.0x	0.77-0.2x	0.95+0.2x	0.760.0x	0.74+0.1x	0.63-0.1x	0.69+0.1x	0.62-0.1x	0.720.0x	0.76
FCF Margin	20.1%-7.5pp	27.6%-1.1pp	28.6%+10.7pp	17.9%-2.8pp	20.7%+1.0pp	19.7%+0.5pp	19.2%+0.3pp	18.9%-4.5pp	23.4%+2.1pp	21.4%+11.6pp	9.8%-7.4pp	17.2%+11.5pp	5.7%-13.7pp	19.4%-1.7pp	21.1%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	50.3%+1.5pp	49.9%+0.8pp	49.0%+0.2pp	48.0%+0.7pp	48.8%+1.5pp	49.1%+1.6pp	48.8%+1.0pp	47.3%+0.2pp
Operating Margin	33.7%+3.2pp	31.9%+1.4pp	26.1%-4.2pp	25.2%-3.9pp	30.6%+1.9pp	30.6%+1.8pp	30.3%+1.0pp	29.0%-0.3pp
Net Margin	27.8%+3.5pp	35.5%+5.4pp	28.9%+12.3pp	27.9%+3.3pp	24.4%-0.8pp	30.1%+4.2pp	16.5%-13.6pp	24.6%-5.2pp
Return on Equity	9.9%+0.8pp	11.7%+0.5pp	9.3%+3.0pp	9.3%+0.2pp	9.1%+0.1pp	11.3%+1.8pp	6.4%-5.2pp	9.1%-3.1pp
Return on Assets	5.8%+0.6pp	7.0%+0.6pp	5.4%+1.8pp	5.2%+0.2pp	5.2%+0.1pp	6.3%+1.0pp	3.5%-2.9pp	5.0%-1.5pp
Current Ratio	2.42-0.1x	2.510.0x	2.710.0x	2.61+0.1x	2.50-0.4x	2.46-0.3x	2.670.0x	2.51-0.1x
Debt-to-Equity	0.20-0.1x	0.22-0.1x	0.300.0x	0.320.0x	0.280.0x	0.290.0x	0.290.0x	0.290.0x
Asset Turnover	0.210.0x	0.200.0x	0.190.0x	0.190.0x	0.210.0x	0.210.0x	0.210.0x	0.200.0x
FCF Margin	25.6%-2.5pp	2.6%-12.3pp	14.8%+7.2pp	30.0%-0.7pp	28.1%-2.7pp	14.9%-2.1pp	7.6%-23.7pp	30.8%+12.2pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Applied Materials, Inc. AMAT	FY2025	$28.4B	$7.0B	24.7%	$405.8B	81/100
Lam Research Corp LRCX	FY2026	$23.2B	$7.3B	31.3%	$411.1B	88/100
KLA Corporation KLAC	FY2026	$13.6B	$4.8B	35.6%	$254.4B	50/100
Teradyne, Inc. TER	FY2025	$3.2B	$554.0M	17.4%	$62.7B	70/100
Entegris Inc ENTG	FY2025	$3.2B	$235.6M	7.4%	$23.5B	51/100

Where Applied Materials, Inc. Ranks

Frequently Asked Questions

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

Applied Materials, Inc. (AMAT) reported $28.4B in total revenue for fiscal year 2025. This represents a 4.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Applied Materials, Inc.'s revenue growing?

Applied Materials, Inc. (AMAT) revenue grew by 4.4% year-over-year, from $27.2B to $28.4B in fiscal year 2025.

Is Applied Materials, Inc. profitable?

Yes, Applied Materials, Inc. (AMAT) reported a net income of $7.0B in fiscal year 2025, with a net profit margin of 24.7%.

What is Applied Materials, Inc.'s EBITDA?

Applied Materials, Inc. (AMAT) had EBITDA of $8.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Applied Materials, Inc. have?

As of fiscal year 2025, Applied Materials, Inc. (AMAT) had $7.2B in cash and equivalents against $6.5B in long-term debt.

What is Applied Materials, Inc.'s gross margin?

Applied Materials, Inc. (AMAT) had a gross margin of 48.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Applied Materials, Inc.'s operating margin?

Applied Materials, Inc. (AMAT) had an operating margin of 29.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

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

Applied Materials, Inc. (AMAT) had a net profit margin of 24.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Applied Materials, Inc. pay dividends?

Yes, Applied Materials, Inc. (AMAT) paid $1.78 per share in dividends during fiscal year 2025.

What is Applied Materials, Inc.'s return on equity (ROE)?

Applied Materials, Inc. (AMAT) has a return on equity of 34.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Applied Materials, Inc.'s free cash flow?

Applied Materials, Inc. (AMAT) generated $5.7B in free cash flow during fiscal year 2025. This represents a -23.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Applied Materials, Inc.'s operating cash flow?

Applied Materials, Inc. (AMAT) generated $8.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Applied Materials, Inc.'s total assets?

Applied Materials, Inc. (AMAT) had $36.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Applied Materials, Inc.'s capital expenditures?

Applied Materials, Inc. (AMAT) invested $2.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Applied Materials, Inc. spend on research and development?

Applied Materials, Inc. (AMAT) invested $3.6B in research and development during fiscal year 2025.

Does Applied Materials, Inc. buy back shares?

Yes, Applied Materials, Inc. (AMAT) spent $4.9B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Applied Materials, Inc. have outstanding?

Applied Materials, Inc. (AMAT) had 793M shares outstanding as of fiscal year 2025.

What is Applied Materials, Inc.'s current ratio?

Applied Materials, Inc. (AMAT) had a current ratio of 2.61 as of fiscal year 2025, which is generally considered healthy.

What is Applied Materials, Inc.'s debt-to-equity ratio?

Applied Materials, Inc. (AMAT) had a debt-to-equity ratio of 0.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Applied Materials, Inc.'s return on assets (ROA)?

Applied Materials, Inc. (AMAT) had a return on assets of 19.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Applied Materials, Inc.'s P/E ratio?

Applied Materials, Inc. (AMAT) trades at 43.8x earnings, its market capitalization divided by net income of $9.3B net income, trailing 12 months to July 26, 2026. The market capitalization is $405.8B as of Oct 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Applied Materials, Inc.'s price-to-sales ratio?

Applied Materials, Inc. (AMAT) trades at 13.2x sales, its market capitalization divided by revenue of $30.8B revenue, trailing 12 months to July 26, 2026. The market capitalization is $405.8B as of Oct 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Applied Materials, Inc.'s Altman Z-Score?

Applied Materials, Inc. (AMAT) has an Altman Z-Score of 19.42, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Applied Materials, Inc.'s Piotroski F-Score?

Applied Materials, Inc. (AMAT) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Applied Materials, Inc.'s earnings high quality?

Applied Materials, Inc. (AMAT) has an earnings quality ratio of 1.14x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Applied Materials, Inc. cover its interest payments?

Applied Materials, Inc. (AMAT) has an interest coverage ratio of 30.81x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Applied Materials, Inc.?

Applied Materials, Inc. (AMAT) scores 81 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.