Here are the 10-K annual reports from Applied Materials, Inc. (AMAT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow AMAT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AMAT filings page.
Applied Materials, Inc. reports on its 2025 fiscal year as a leading provider of materials engineering solutions and wafer fabrication tools used to make semiconductors for AI, data centers, mobile devices, autos and industrial electronics. The company operates in two main segments: Semiconductor Systems and Applied Global Services, with other activities reported in Corporate and Other.
As of October 26, 2025, total backlog was $15,002 million, with Semiconductor Systems at $7,105 million, Applied Global Services at $7,141 million and Corporate and Other at $756 million; about 31% is not expected to be filled within 12 months. In fiscal 2025, about 89% of net revenue came from customers outside the United States, and two customers represented roughly 19% and 15% of net revenue, underscoring geographic and customer concentration.
The report highlights cyclical demand, fast-changing AI-related spending, supply chain and rare-earth constraints, and extensive global trade and export-control rules, particularly involving China, as major risks. The company notes it has received U.S. government subpoenas related to China export-control compliance and warns that adverse outcomes could lead to fines, business restrictions and reputational harm. Applied also emphasizes its 36,500-person global workforce and programs aimed at talent development, engagement and ethics.